KTS Trading hosts 2025 East Malaysia STIHL Dealers Conference
Participants of 2025 East Malaysia STIHL Dealers Conference.
First row, Kota Kinabalu Branch Manager Wong Ching Diak (first from left), Kelvin Khor (seventh from left) from SSC; second row, Kesavan Muthaiah (fifth from left) and KTS Trading Sdn Bhd general manager Augustine Ling Siew Hing (sixth from left).
KOTA KINABALU (May 10): KTS Trading Sdn Bhd successfully held the 2025 East Malaysia STIHL Dealers Conference from May 7 to 9, bringing together 20 invited dealers from Sabah, Sarawak and Brunei for a three-day event focused on STIHL's business development and future market trends, while strengthening regional partnerships.
Augustine Ling Siew Hing, General Manager of the Light Machinery Division at KTS Trading Sdn Bhd, said:
'During the conference, we held in-depth discussions on STIHL's business strategies and the market potential across Southeast Asia. Today, we arranged a one-hour live demonstration session for participants to get hands-on experience with our latest equipment.'
The demonstration featured STIHL's newest high-performance tools, including the 4-stroke multi-purpose engines EHC505 and EHC1105, the 4-stroke tiller MH210, the IR40 inverter generator, the RE150 high-pressure cleaner, and the MSA70 battery-powered chainsaw.
'By introducing STIHL's premium, high-quality machines at affordable prices, we are responding to the government's call to encourage more involvement in agriculture. We hope STIHL's tools can help farmers boost crop productivity and improve their income,' Ling stated.
In addition to agricultural equipment, STIHL also presented a variety of battery-powered products during the conference, such as the SEA 20 handheld vacuum, the MSA70 battery chainsaw, and the FSA 30 battery grass trimmer.
Ling added that STIHL is continuously expanding its portfolio of battery-powered gardening and agricultural tools and is actively developing the Southeast Asian market with competitively priced offerings.
This conference not only deepened the participating dealers' understanding of STIHL's product innovations but also reinforced the brand's strategic presence in East Malaysia, paving the way for future regional growth.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 days ago
- The Star
Desecration risks in rezoning Vivekananda Ashram
The status of Vivekananda Ashram in Brickfields has changed from mixed development to main commercial in successive Kuala Lumpur local plans. — Filepic A NATIONAL heritage group has raised concerns over the rezoning of the century-old Vivekananda Ashram in Brickfields under the Kuala Lumpur Local Plan 2040 (KLLP 2040). Badan Warisan Malaysia (BWM) president Lim Wei-Ling said the ashram building was 'at real risk of being desecrated'. 'Gazetted in 2016, it is an important heritage building of historical and cultural significance, together with the site on which it sits in Brickfields. 'The rezoning and classification also pose an alarming risk of not having a sufficient buffer zone around the building. 'While we agree on the need for development, this should happen within reason and land around heritage sites should not be prone to overdevelopment,' she said in a media statement. Lim was responding to a StarMetro report on May 26, 'Vivekananda Ashram at a crossroads' where stakeholders highlighted an inconsistency in the revised draft of the KLLP 2040. While the ashram is classified as a Category 1 Heritage Building under the National Heritage Act 2005, the 0.4ha site is now zoned as 'main commercial', raising concerns that it could be overshadowed by future development. In the earlier draft of KLLP 2020, the land surrounding the ashram was designated for facilities, utilities and infrastructure within a heritage zone. By the time the KLLP 2020 plan was gazetted, the zoning had changed to 'mixed development'. Lim also expressed support for stronger provisions in the KLLP 2040 to protect heritage sites from development. 'Sites like Vivekananda Ashram, which are surrounded by skyscrapers, are in jeopardy of being lost and demolished within Kuala Lumpur. 'These small and meaningful heritage sites are part of the diverse historical references that define Kuala Lumpur. 'They should be celebrated and protected as part of Warisan Kuala Lumpur, an initiative launched recently by our Prime Minister,' said Lim. She stressed that authorities should offer greater protection to heritage buildings and sites in support of that vision. When contacted, Kuala Lumpur mayor Datuk Seri Maimunah Mohd Sharif said in the case of the ashram, 'if a proposal is submitted and follows the local plan, we can look into the sensitive design around the site.' 'There are mechanisms in place to protect the heritage building,' she said. On concerns that stakeholder input was not considered in the amended KLLP 2040, Maimunah said that when she assumed office in August, the local plan study was already nearing completion after public participation. 'The committee presented me with the outcomes and proposed amendments in October. 'Proposals that align with the plan will be approved while those that do not, will be rejected,' she said.
Malaysian Reserve
5 days ago
- Malaysian Reserve
SIMPLY SOLVENTLESS FILES 2024 ANNUAL FINANCIALS AND PROVIDES UPDATES ON TIMING OF FILING Q1 2025 FINANCIALS AND MANAGEMENT CEASE TRADE ORDER
/Not for distribution to U.S. news wire services or for dissemination in the United States./ CALGARY, AB, June 2, 2025 /CNW/ – Simply Solventless Concentrates Ltd. (TSXV: HASH) ('SSC') announces that it has filed its annual audited financial statements and management's discussion and analysis for the year ended December 31, 2024 ('Annual Financials') on the Company's SEDAR+ profile at SSC also announces that due to delays incurred with filing these annual financial statements, the Company anticipates filing its first quarter results for the three months ended March 31, 2025 on or before June 20, 2025 pursuant to an extension from the Alberta Securities Commission (the 'ASC'), the Company's principal regulator, of its previously announced management cease trade order ('MCTO') under National Policy 12-203 – Management Cease Trade Orders ('NP 12-203') initially approved on May 5, 2025, and subsequently updated by SSC through press releases issued on April 30, 2025, May 14, 2025, and May 20, 2025. 2024 Highlights SSC achieved major milestones during 2024, including: SSC completed three acquisitions, including 1) the Lamplighter brand, 2) licenced producer CannMart Inc., and 3) leading preroll co-manufacturer ANC Inc. These three acquisitions buttressed SSC's infrastructure significantly, which is now comprised of strong extraction, formulation, prerolling, and cultivation abilities, providing a solid foundation for future growth. SSC closed two over subscribed non-brokered financings for total gross proceeds of $4.7 million, and $7.8 million was raised from the exercise of warrants. SSC significantly strengthened its team, which is now comprised of talented professionals across all disciplines. SSC's ability to attract top talent is stronger now than ever. Subsequent to December 31, 2024, SSC closed the acquisition of Delta 9 Bio-Tech and re-branded the operation to Humble Grow Co. ('Humble'), a licensed producer operating a 100,000 square foot cultivation facility in Winnipeg, Manitoba, and concurrently closed a non-brokered $6.0 million over subscribed convertible debenture offering. The acquisition of Humble vertically integrated SSC's operations upstream to include cultivation in a market where the demand for cannabis flower appears to be transitioning back into expansion mode. 2024 was a transformative year for SSC, and with a portfolio of assets providing manufacturing capability across the largest product categories, and the proven ability to close accretive acquisitions in a distressed market and industry, and to attract top talent, the Company is positioned for significant growth through 2025. 2024 Financial Highlights 2024 Gross Revenue: the Company generated gross revenue of $20,498,204 (2023 – $6,973,401), increase of 194% over the prior year. 2024 Net Revenue: the Company generated net revenue of $13,679,144 (2023 – $6,191,646), increase of 121% over the prior year. 2024 Gross Profit ($): the Company generated a gross profit of $1,181,189 (2023 – $3,497,279), a decrease of 66% over the prior year 2024 Adjusted EBITDA: the Company generated an adjusted EBITDA loss of $3,803,445 (2023 – $2,246,926), a decrease of 269% over prior period December 31, 2024 Working Capital: $1,626,131 (2023 – $3,693,879), a decrease of 56% over the prior year. SSC's gross revenue increased by approximately 194% from $7.0 million in 2023 to $20.5 million in 2024 due to its aggressive organic and acquisition based growth. During 2024, SSC's total assets increased 278% from $10.2 million at December 31, 2023 to $38.6 million at December 31, 2024. This increase in assets is primarily due to SSC closing several high-impact acquisitions during 2024. Subsequent to the year end, further substantial assets were added through the Humble acquisition that closed on February 28, 2025 (refer to Note 24 – Subsequent Events in the Annual Financial for further details.) Jeff Swainson, SSC's President & CEO stated: 'All things being equal, it is SSC's view that the non-cash changes to accounting treatment will positively impact future revenue, profitability, and cash flow. Gross margins remain strong, and the size and capability of our asset base improved significantly during 2024. We look forward to filing our Q1 2025 financial statements as soon as possible, and as we proceed through 2025, we are focused intently on maximizing cash flow from operations and on strengthening our balance sheet. We believe that SSC's positioning today is stronger than ever before, and that the continued execution of our highly impactful business plan is capable of delivering strong value to shareholders.' Q1 2025 Financials As announced on April 30, 2025, and further discussed in news releases dated May 14, 2025, and May 20, 2025, a MCTO was issued by the Company's principal regulator, the ASC on May 5, 2025 to accommodate additional time required to file the Company's Annual Financials. The ASC has approved a further extension of the MCTO to June 20, 2025 to provide the Company with adequate time to prepare the Q1, 2025 financial results due to the delays incurred in filing the Annual Financials. Pursuant to the MCTO, management of the Company may not trade in securities of the Company until such time as the Company files the March 31, 2025 financial statements and the MCTO is revoked. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements. The Company confirms that (a) there have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under NP 12-203; (b) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the default announcement; and (c) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company will issue required bi-weekly updated regarding the MCTO until it is revoked. About Simply Solventless Concentrates Ltd. SSC is a public company incorporated under the Business Corporations Act (Alberta). SSC's mission is to provide pure, potent, terpene-rich ready to consume cannabis products to discerning cannabis consumers. For more information regarding SSC, please see Notice on Forward Looking Information This press release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as 'may', 'should', 'anticipate', 'will', 'estimates', 'believes', 'intends', 'expects', 'projected', 'approximately' and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements concerning the release date of its March 31, 2024 quarterly financials, SSC's ability to attract talent, SSC's foundation for future growth, SSC's future revenue, profitability, and cash flow, and strengthening SSC's balance sheet. SSC cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of SSC, including expectations and assumptions concerning SSC, the timing and market acceptance of products, competition in SSC's markets, SSC's reliance on customers, fluctuations in interest rates, SSC's ability to maintain good relations with its customers, employees and other stakeholders, changes in law or regulations, SSC's ability to protect its intellectual property, as well as other risks and uncertainties, including those described in SSC's filings available on SEDAR+ at including its most recent annual information form. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of SSC. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and SSC does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Borneo Post
27-05-2025
- Borneo Post
Sibu MP: Fiscal transparency by state govt should be norm, not emergency measure
Oscar Ling. — Photo by Peter Boon SIBU (May 28): The multiple overseas trips by departments of the Sarawak government involving additional allocations and some expenditures far exceeding the original budgets has sparked widespread public concern, said Sibu MP Oscar Ling. In a statement, he said an additional RM100 million had been allocated to the Premier's Department for overseas official duties in the latest Supplementary Supply Bill. He said this not only highlighted issues in financial governance, but also pushed the core issue of fiscal transparency to the forefront of public discourse. 'The public's concern lies not just in the discrepancies in numbers, but more importantly in whether there is a sound system of transparency and accountability behind the spending,' he said. Ling said the costs of overseas official duties by the Sarawak government had long been questioned, but more troubling was the lack of institutional safeguards and oversight in financial governance. 'The core public concern is not the budget adjustments themselves, but whether there exists a robust, transparent and accountable institutional framework. The absence of a transparent financial disclosure mechanism is eroding public trust in the government,' he said. Ling said official overseas visits were not inherently problematic, since international engagement, policy learning and cooperation were indispensable components of modern governance. 'However, the key issue is whether each public expenditure is backed by adequate institutional safeguards to ensure it is reasonable, transparent and accountable. 'When relevant information remains undisclosed and unexplained for long periods, taxpayers are deprived of the basic ability to oversee, and government spending escapes public evaluation. This not only triggers a crisis of trust but may also pose systemic risks.' Adding on, Ling said a lack of fiscal transparency was not just an administrative oversight but reflects a potential tendency toward centralisation of power. Ling warned that the long-term consequences of lacking a transparent system couldn't be ignored. He said budget overruns could become the norm, and resource wastage and repeated allocations may occur frequently. 'In a bureaucratic system lacking a culture of accountability, decision-makers may develop a habitual mindset of making unchecked decisions without follow-up questions. Worse still, a non-transparent fiscal environment can become a breeding ground for corruption and abuse of power, ultimately undermining the foundation of public trust in government.' Ling said achieving fiscal transparency should not be seen as interference in administration or a political hindrance, but rather a fundamental safeguard in a democratic system. In a free and democratic society, he said power derives from the people and every cent of public funds should be subject to public consultation and oversight. 'Promoting fiscal disclosure must become the norm rather than an emergency response in times of crisis. The Sarawak government should proactively disclose the objectives, personnel, detailed expenses and outcome summaries of all overseas visits and accept comprehensive oversight from the media, Parliament and the public. This is not only a demonstration of administrative responsibility but also a practice of democratic culture.' Ling said policies and trips that can withstand the 'sunlight test' need not shy away from public scrutiny and what truly needs to be hidden are those illogical and unproductive expenditures. 'Transparency is the starting point of good governance. Running public finances in the light of day is the most basic form of respect for the people. Only through such practices can public trust be strengthened, the use of public resources realigned and the original intention of 'serving the people' truly realised.' budget financial lead oscar ling overseas trips
