Micron Technology Inc on Wednesday beat Wall Street estimates for quarterly profit and forecast fourth-quarter revenue above expectations, as tight supplies of memory chips and continued strong demand kept prices high.
The chipmaker forecast current-quarter revenue of $8.2 billion, plus or minus $200 million, while analysts on average were expecting $7.87 billion, according to IBES data from Refinitiv.
EMCO for Selangor and FT Kuala Lumpur
The Ministry of Health (MOH) has presented to the National Security Council (NSC) Technical Committee Meeting on the COVID-19 situation in the state of Selangor and the Federal Territory of Kuala Lumpur.
Both these states show a high trend of infection. Selangor reports an average daily of COVID-19 cases between 1,800 to 1,900. While in FT Kuala Lumpur the average daily number of cases is in the range of 600 to 1,000 cases. All districts in Selangor and FT Kuala Lumpur reported COVID-19 incidence cases exceeding 12.1 /100,000 residents.
The projected data of the infection value rate (R-naught) in these two states is still in the range of 1.0 and does not show a downward trend. This situation is worrisome when taking into account the population density and the spread of three more virulent new variants namely Beta variant B.1.351 (South Africa), Delta B.1.617.2 (India) and Alpha B.1.1.7 (UK).
In this regard, through discussions of various agencies and based on a risk assessment by MOH, the National Security Council decided to implement an Enhanced Movement Control Order (EMCO) in Selangor districts and several localities in FT Kuala Lumpur for 14 days from 3 July 2021 to 16 July 2021.
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With its grand finals concluded last week, RHB Banking Group’s first fully-virtual hackathon attracted 85 teams comprising of 189 digital and technology-savvy innovators with the goal on revolutionising customer banking experience through digital innovation.
RHB’s “Get Your Hack On” Hackathon saw individuals from various backgrounds that include first year university students, boutique web and applications development companies, full-stack developers and seasoned hackathon enthusiasts, the bank said in a statement.
The event centred on five problem statements specially designed to challenge participants in finding novel and innovative ways of improving customers’ digital banking experience, supporting the growing market for start-up companies, enhancing credit decisions, and scaling up digital initiatives, said RHB.
