Prolintas Infra's Q1 earnings surge 70.5pct
Its revenue for the quarter edged up 3.21 per cent to RM78.99 million from RM76.5 million a year earlier, driven by higher toll collections.
Toll collection rose 3.2 per cent to RM77.8 million from RM75.4 million, fuelled by stronger traffic volumes across its major highways.
"Growth was mainly contributed by higher traffic on its key expressways - with the Sistem Lingkaran Lebuhraya Kajang recording a 3.8 per cent increase, the Guthrie Corridor Expressway up 3.1 per cent, the Ampang-Kuala Lumpur Elevated Highway rising 2.8 per cent, and the Lebuhraya Kemuning-Shah Alam growing 1.8 per cent," it said in a statement.
The trust said it is confident in the future performance of its highways, highlighting plans to support organic growth by introducing value-added services and amenities along its routes.
These efforts aim to enhance revenue potential and position its highways as the preferred choice for motorists.
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Borneo Post
a day ago
- Borneo Post
Sarawak's forests generate up to RM3.5 bln annually in economic value, says Forest Department director
Hamden delivers his welcoming speech at the event. – Photo by Jude Toyat KUCHING (July 12): Sarawak's forests contribute an estimated RM2.8 billion to RM3.5 billion annually to the state's economy through both tangible and intangible values, said Sarawak Forest Department director Datu Hamden Mohammad. This underscores the immense economic importance of the forest ecosystem, extending beyond timber production, he said. In terms of tangible value, Sarawak's 7.65 million hectares of forests generate between RM2.1 billion and RM2.5 billion annually — including RM1.5 billion from timber and non-timber products, RM300 million to RM500 million from ecotourism, RM230 million to RM380 million from carbon, and RM50 million to RM100 million from bioprospecting and pharmaceuticals. For intangible values, the forests are estimated to contribute between RM750 million and RM1 billion each year. This includes RM600 million to RM800 million from ecosystem services, RM100 million from health and recreation, and RM50 million to RM100 million from cultural heritage. The estimated value of carbon stock alone ranges from RM20 billion to RM40 billion. 'Sarawak's forests hold priceless treasures, from tangible resources to unseen natural blessings. 'Their total value is estimated to reach RM2.8 billion to RM3.5 billion annually, a natural heritage that must be preserved for generations to come,' he said in his welcoming speech at the state-level celebration of the International Day of Forests (IDF) 2025, held at the Forest Research Centre here today. Themed 'Forests and Food', this year's IDF event which was officiated by Premier Datuk Patinggi Abang Johari Tun Openg, aimed to highlight the importance of forests as sources of sustainable food, income, and traditional knowledge. 'Sarawak is rich in biodiversity and culture, and many communities rely on forests not just for timber, but also for food, medicine, and spiritual needs. 'For example, wild kelulut honey from Ulu Baram and Kapit contributes to both the health industry and local income. Herbs such as tongkat ali, medicinal roots, and forest mushrooms are recognised as superfoods, and the Penan community possesses extensive ethnobotanical knowledge, which is now being studied by both local and international researchers,' said Hamden. He explained that over 60 per cent of Sarawak's land area is still forested, providing crucial services such as disaster mitigation, water catchment, biodiversity conservation, and carbon storage. 'These forests are home to over 8,000 plant species and 200 mammal species, and they also hold immense cultural and spiritual value for local communities,' he added. Hamden also shared several key achievements under Sarawak's forest conservation efforts. Among them is the early success of the state's 35-million-tree planting target, which has now surpassed 50 million trees as of today. 'On June 8, 2024, the Premier himself planted the 35 millionth tree. Today, we have reached 50 million trees — well ahead of our 2025 target,' he said. He added that more than 1.2 million hectares of land have been gazetted as Totally Protected Areas (TPAs), while forest restoration, plantation development, and community-based logging initiatives involving the Penan, Iban, and Lun Bawang communities continue to expand. 'Technologies such as LiDAR (Light Detection and Ranging), drones, and artificial intelligence are also being used to improve forest monitoring and data collection,' said Hamden. He also acknowledged the support of various partners including the Sarawak Timber Industry Development Corporation (STIDC), Sarawak Forestry Corporation (SFC), Sarawak Timber Association (STA), Harwood Timber Sdn Bhd, government agencies, NGOs, the private sector, media, and the organising committee. The event also featured the official launch of the Forest Resources One Stop Gallery, developed under the 12th Malaysia Plan (RMK-12) with a federal allocation of RM1.105 million. 'This gallery will serve as a hub for learning, research, and promotion of forest-based products from Sarawak,' said Hamden. More than 20 exhibition booths were set up, with participation from local communities showcasing forest-based products such as madu kelulut, nira nipah, and gula apong. The ceremony also included a signing of memorandums of understanding (MoU) between the Forest Department, Sarawak Energy Berhad (SEB), and Universiti Malaysia Sarawak (Unimas), aimed at strengthening multi-stakeholder cooperation for high-impact sustainable forest initiatives. Hamden then called on all parties to continue working together to preserve Sarawak's forest heritage. 'Let us not allow forests to remain only on maps, but ensure they flourish and benefit future generations. 'As the saying goes: If we care for nature, Insya-Allah, nature will care for us,' he added. environmental Hamden Mohammad sarawak economy Sarawak Forests Department
Daily Express
3 days ago
- Daily Express
Sabah records 94pc success rate
Published on: Thursday, July 10, 2025 Published on: Thu, Jul 10, 2025 By: Ricardo Unto Text Size: Assistant Minister to the Chief Minister Datuk Nizam Abu Bakar Titingan told the State Legislative Assembly that as of May this year, 366 of those initiatives had reached full completion. Kota Kinabalu: The State Government recorded an average 94 per cent achievement rate across 467 initiatives under its Sabah Maju Jaya (SMJ) Development Plan 1.0 since its launch in 2021. Assistant Minister to the Chief Minister Datuk Nizam Abu Bakar Titingan told the State Legislative Assembly that as of May this year, 366 of those initiatives had reached full completion. 'Sabah's economic growth continues on a positive trend year-on-year,' said Nizam, noting that the state's gross domestic product had increased from RM77.8 billion in 2020 to RM84.3 billion in 2024. He was responding to a question by Nabawan Assemblyman Datuk Abdul Ghani Mohamed Yassin. Sabah's total trade exceeded RM100 billion in 2022, reaching a peak of RM118 billion – an increase of RM30.8 billion from RM87.2 billion in 2021. Chief Statistician of Malaysia Datuk Seri Mohd Uzir Mahidin, as cited by Nizam, stated that Sabah's trade remained resilient in 2024 with a total value of RM107.8 billion, marking the third consecutive year it exceeded RM100 billion. Nizam said the rise in revenue had enabled the government to enhance its annual budgets, with total state revenue between 2021 and 2024 reaching RM26.224 billion. He listed the yearly breakdown of revenue as RM3.591 billion in 2020, RM5.449 billion in 2021, RM6.960 billion in 2022, RM6.973 billion in 2023 and RM6.842 billion in 2024. He attributed the improved revenue performance in part to the Commercial Collaboration Agreement between the State Government and Petronas, which is guided by the principles of 'Greater Say, Greater Participation, Greater Revenue.' Meanwhile, the involvement of the private sector and civil society continues to play a vital role in the implementation of Sabah Maju Jaya (SMJ) 2.0, Nizam said, He said domestic investors had been highly responsive, with regular engagement sessions held and civil society contributing notably through human capital development and poverty alleviation initiatives. 'In fact, the private sector acts as a strategic partner in investment, technology transfer and job creation,' he said in response to k Abdul Ghani's supplementary questions. He cited the joint effort between state agencies and private companies in the agriculture sector in Lingkungan, Beaufort – particularly the production and export of high-value pineapples – as a strong example of economic contribution coupled with social initiatives like community empowerment and agricultural training. 'These efforts show how the private sector not only supports economic growth, but also helps strengthen collaboration among government, private entities and communities in delivering impactful and transparent development,' he added. On digitalisation and green technology, Nizam said the State Government remains committed to expanding their use in the next phase of SMJ to improve economic competitiveness and ensure sustainable growth. 'Digital technology will be intensified across sectors, including state administration, to improve service delivery and simplify public dealings,' he said, adding that green technologies such as renewable energy, efficient waste management systems and sustainable farming practices would be further promoted. This, he noted, aligns with the Sabah Energy Roadmap and Master Plan 2040 (Sirem 2040), which outlines a comprehensive transition to clean energy, energy efficiency, and sustainable development. Touching on lessons from SMJ 1.0, Nizam stressed the importance of inclusive public participation at all levels of planning and implementation, noting that policy success hinges on public understanding and acceptance. He said grassroots-level engagement such as open dialogues, town halls and roadshows across districts had brought the government closer to the people and provided platforms for communities to voice their needs directly. 'These approaches will help strengthen future planning under SMJ 2.0,' he said, adding that SMJ 1.0 had put Sabah back on the right track. 'This is not just my opinion, but one acknowledged by professionals and credible parties who recognise that the current GRS-PH administration has placed Sabah where it should be and deserves the people's continued support,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
5 days ago
- Daily Express
Sabah achieves 94pc success rate under SMJ Plan 1.0
Published on: Tuesday, July 08, 2025 Published on: Tue, Jul 08, 2025 By: Ricardo Unto Text Size: KOTA KINABALU: Sabah has completed 94pc of 467 initiatives under its SMJ 1.0 Development Plan since 2021, with 366 fully implemented, said Assistant Minister Datuk Nizam Abu Bakar Titingan. He told the State Assembly that Sabah's GDP rose from RM77.8 billion in 2020 to RM84.3 billion in 2024, while total trade exceeded RM100 billion for three consecutive years, peaking at RM118 billion in 2022. State revenue reached RM26.22 billion between 2021 and 2024, driven partly by the Commercial Collaboration Agreement with Petronas, which emphasizes 'Greater Say, Greater Participation, Greater Revenue.' * Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
