Prices of petrol and diesel had been placed on a managed monthly float system since 1st December 2014, following the removal of fuel subsidies. Not long after that, on 29th March 2017, the weekly fuel pricing mechanism came into effect.
Recent update on 25th October 2017, the fuel prices are going up and up again with a 3 sen increase per litre for RON 95 and 3 sen hike for RON 97 while diesel go up by 2 sen. Fuel prices have been fluctuating. The prices were announced on the domestic trade, cooperatives and consumerism ministry’s Facebook page and Twitter account. The inconsistent prices of fuel may be a risk to businesses as we need logistic services every day to send our products to customers.
What is Risk Management?
Risk is the main cause of uncertainty in any organisation. Risk management is:
Identify the problem and/or risk question, including pertinent assumptions identifying the potential for risk
Assemble background information and/or data on the potential risks relevant to the organization
Identify a leader and critical resources
Specify a timeline, deliverable, and appropriate level of decision making for the risk management process
How ISO 9001:2015 can help you?
By understanding potential risks to your business and finding ways to minimize their impacts, you will:
help your business recover quickly if an incident occurs or at least cope with the impact
identifying, managing, monitoring, and reducing the compliance risks key to your business.
identify business opportunities that contribute to bottom line improvements and effectively manage your risks.
save your valuable resources, time, income, assets, people, property and increase the stability of your operations.
To understand more about ISO 9001:2015 Quality Management System, kindly email us at info@nexustac.com.
Source:
Seamless process and the consultant is able to work directly with the MR & farm's management to get the things done.
QL Resources Berhad
Seamless process and the consultant is able to work directly with the MR & farm's management to get the things done.
QL Resources Berhad
The trainer was able to provide us with practical tips and tools that we could easily implement in our work life. Their teaching style was engaging and effective, and I felt confident that I would be able to apply what ...
The trainer was able to provide us with practical tips and tools that we could easily implement in our work life. Their teaching style was engaging and effective, and I felt confident that I would be able to apply what I learned in the session to my day-to-day work. Overall, I found the training to be very helpful.
Eastern Pretech (Malaysia) Sdn Bhd
Presentation and training were clear, concise, and interesting. They gave examples throughout the session, which helped me and my colleagues to understand the material better. Overall, we found the training to be excellent, and I would highly recommend!
CCS Corporation
Presentation and training were clear, concise, and interesting. They gave examples throughout the session, which helped me and my colleagues to understand the material better. Overall, we found the training to be excellent, and I would highly recommend!
CCS Corporation
The trainer has a very good foundation in the subject matter and communicated clearly and effectively throughout the training, using language that was easy to understand and explaining complex concepts in a way that was accessible to everyone in the ...
The trainer has a very good foundation in the subject matter and communicated clearly and effectively throughout the training, using language that was easy to understand and explaining complex concepts in a way that was accessible to everyone in the audience.
They also took a personalized approach to the training, taking the time to understand the unique needs and learning styles of each participant, and tailoring the training to the specific needs of our organization.
Brahims Food Services Sdn Bhd
One of the best trainers we ever engaged with. Thumbs up! The trainer’s expertise and knowledge in the subject matter were exceptional, and their insights and advice were invaluable. They made the training interactive and engaging.
DXN Industries (M) Sdn Bhd
One of the best trainers we ever engaged with. Thumbs up! The trainer’s expertise and knowledge in the subject matter were exceptional, and their insights and advice were invaluable. They made the training interactive and engaging.
DXN Industries (M) Sdn Bhd
Great training! They went above and beyond to make the subject interesting. The trainer did an excellent job of engaging the audience and bringing the material to life. The teaching style was energetic and enthusiastic, and trainer clearly put in ...
Great training! They went above and beyond to make the subject interesting. The trainer did an excellent job of engaging the audience and bringing the material to life. The teaching style was energetic and enthusiastic, and trainer clearly put in a lot of effort to ensure that everyone was able to follow along and understand the material. I found the training to be both informative and enjoyable! Highly recommended!
Hap Seng Trucks Distribution Sdn Bhd
The trainer highlighted important keywords throughout the session, which made it easy to understand and remember the most important concepts. They were able to explain complex ideas in a way that was accessible to everyone in the audience.
Hitachi Elevator Engineering
The trainer highlighted important keywords throughout the session, which made it easy to understand and remember the most important concepts. They were able to explain complex ideas in a way that was accessible to everyone in the audience.
Hitachi Elevator Engineering
It was one of the best training experiences I have had. The trainer was engaging and supportive throughout the session, and they demonstrated excellent teaching skills.
They took the time to interact with each participant, and their sincerity to teach ...
It was one of the best training experiences I have had. The trainer was engaging and supportive throughout the session, and they demonstrated excellent teaching skills.
They took the time to interact with each participant, and their sincerity to teach was evident in the way they delivered the training. I felt encouraged and motivated to learn!
Sime Darby Industrial
Very helpful consultant and the service provided is good.
HK3 Marketing
Very helpful consultant and the service provided is good.
HK3 Marketing
Despite some delay to postponed the plan our request, the overall ISO45001 migration was done perfectly ontime and able achieve ultimate goal to have a successful audit for ISO 45001 certification. Nexus provided us a good experience through this challenging moment ...
Despite some delay to postponed the plan our request, the overall ISO45001 migration was done perfectly ontime and able achieve ultimate goal to have a successful audit for ISO 45001 certification. Nexus provided us a good experience through this challenging moment during the COVID pandemic. Consistently supporting us along with guidance provided that made us successful sailed through with this tough period.
Endress + Hauser (M) Sdn Bhd
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