Vape device interim licence issued by Miti
The licence was granted through the Malaysian Investment Development Authority (Mida) under the Industrial Coordination Act 1975 and local licensing laws.
This comes after media reports said a Nasdaq-listed company from the United States had received Malaysia's first federal licence to produce nicotine products.
The Health Ministry explained that while Miti issues manufacturing licences, the production, import, and sale of nicotine liquids are regulated under the Control of Smoking Products for Public Health Act 2024 (Act 852).
Section 2 of the Act defines nicotine liquids—including substances like nicotine, propylene glycol, glycerol, and triethylene glycol—as smoking products.
These products can be sold in Malaysia, but they are strictly regulated.
The ministry said it is responsible for monitoring the contents and emissions of these products to protect public health.
"The regulation of these smoking products also involves other government agencies, including an import control by the Customs Department through restrictions covering raw materials and finished goods under the Customs (Prohibition of Imports) Order 2008.
"Among others, device safety standard testing by Sirim, enforced under the Trade Descriptions (Certification and Marking) of Electronic Cigarette Devices (Vape Device) Order 2022 under the Trade Descriptions Act 2011, under the purview of the Domestic Trade and Cost of Living Ministry," the statement read.
The Health Ministry stressed that all decisions on vape liquid production and sales are made jointly by relevant authorities and reaffirmed its commitment to strong enforcement and public health safety.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
26 minutes ago
- The Star
U.S. stocks close mixed on hot wholesale inflation
NEW YORK, Aug. 14 (Xinhua) -- U.S. stocks ended mixed on Thursday, as investors once again bought the dip despite a disappointing wholesale inflation report. The Dow Jones Industrial Average slipped 11.01 points, or 0.02 percent, to close at 44,911.26. The S&P 500 inched up 1.96 points, or 0.03 percent, to 6,468.54, while the Nasdaq Composite dipped 2.47 points, or 0.01 percent, to 21,710.67. Earlier in the day, both the S&P and Nasdaq were down as much as 0.4 percent before recovering, while the Dow had been more than 200 points lower at one point. Seven of the 11 major S&P 500 sectors declined, with industrials and materials leading declines, down 0.88 percent and 0.81 percent, respectively. Financials and health care were the top gainers, rising 0.55 percent and 0.5 percent. The producer price index (PPI), which tracks prices for final demand goods and services, surged 0.9 percent in July -- the largest jump since June 2022 -- far exceeding the Dow Jones estimate of a 0.2 percent increase, according to a Thursday report from the U.S. Bureau of Labor Statistics. Core PPI, which excludes food and energy, also rose 0.9 percent, tripling the projected 0.3 percent. When excluding food, energy and trade services, the index climbed 0.6 percent, the fastest pace since March 2022. On an annual basis, the headline PPI rose 3.3 percent, the largest increase since February, while core PPI rose 3.7 percent. "Producers are starting to feel the inflation fire heat," Chris Rupkey, chief economist at FwdBonds, said Thursday. "It will only be a matter of time before producers pass their higher tariff-related costs on to the backs of inflation-weary consumers." Despite the stronger-than-expected inflation figure, traders continued to anticipate a September interest rate cut, with fed funds futures pricing in roughly a 93 percent probability, only marginally lower than the prior day, according to the CME FedWatch tool. "It seems to be reasonably clear at this point that this wasn't enough to get the Fed off of another cut, or get it going on a cutting cycle," said Scott Ladner, chief investment officer at Horizon Investments. Mega-cap technology stocks mostly rose. Amazon gained 2.87 percent, while Nvidia, Microsoft, Alphabet, Meta Platforms, and Broadcom posted smaller gains. Tesla fell 1 percent, and Apple edged slightly lower.
The Star
an hour ago
- The Star
Wall St ends flat, S&P hits another closing high
The Dow closed 11.01 points, or 0.02%, down to 44,911.26, the S&P 500 gained 1.96 points, or 0.03%, to 6,468.54 and the Nasdaq lost 2.47 points, or 0.01%, to 21,710.67. NEW YORK: Wall Street's main indices were mixed on Thursday with S&P 500 edging up to a closing high, while the Dow Jones and Nasdaq were flat, after a hotter-than-expected producer prices report dampened expectations of potential interest-rate cuts. A Labor Department report showed producer prices increased the most in three years in July due to a surge in the costs of goods and services, suggesting a broad pickup in inflation was imminent. Traders trimmed their Fed rate-cut expectations for the rest of the year to about 56.7 basis points, according to data compiled by LSEG, compared with around 63 bps before the report. But they are still fully pricing in a quarter-percentage-point cut in September. "The implication is that the Fed is going to offer a 25-(basis point) cut in September. But it will be a hawkish cut. It's way too early still for the Fed to wish to guide the market towards an extended easing cycle," said Thierry Wizman, global FX and rates strategist at Macquarie Group. "The next important thing will be the Expenditures Price Index later this month. If there are signals that there's inflation broadly in services, the market will take that adversely." A separate report on Thursday showed the number of Americans filing new applications for jobless benefits fell last week. The Dow Jones Industrial Average closed 11.01 points, or 0.02%, down to 44,911.26, the S&P 500 gained 1.96 points, or 0.03%, to 6,468.54 - a new closing high - and the Nasdaq Composite lost 2.47 points, or 0.01%, to 21,710.67. On Thursday, seven of the 11 S&P 500 sectors declined. Recent data reflecting labour market weakness and a moderate rise in consumer prices had strengthened expectations that the central bank will potentially lower interest rates next month. However, Thursday's report fanned concerns that US tariffs on imports could start to impact prices in the coming months and dampen a rally in US stocks that had helped the benchmark S&P 500 and tech-heavy Nasdaq log record highs over the past two sessions. "US stocks are pricy," said Sam Stovall, chief investment strategist CFRA Research. The S&P 500 index is trading at a price-to-earnings ratio of 23 based on forward estimates, or a near-40% premium to its 20-year average, he said. The hotter-than-expected PPI report now has investors pulling petals from a daisy saying "They (the Fed) will cut rates, they won't cut rates," he added. St. Louis Fed president Alberto Musalem, a voting member on the Federal Open Market Committee this year, said a half-point rate cut at the Fed's September meeting is not warranted, a day after Treasury Secretary Scott Bessent said it was possible. Intel Corp rose 7.4% as Bloomberg News reported the Trump administration is in talks with Intel to have the US government potentially take a stake in the chipmaker, the news organization reported on Thursday, citing people familiar with the plan. Cisco Systems declined 1.6% after the network equipment manufacturer's broadly in-line forecast did little to encourage investors. Deere & Co fell 6.8% after the farm-equipment maker reported a lower quarterly profit and tightened its annual profit forecast, while Tapestry plunged 15.7% after the Coach handbag maker forecast annual profit below estimates. Both companies warned of tariffs impacting their businesses. In geopolitics, focus will be on President Donald Trump's upcoming meeting with Russia's President Vladimir Putin as he seeks to achieve a halt to the Ukraine conflict. Declining issues outnumbered advancers by a 2.29-to-1 ratio on the NYSE. On the Nasdaq, declining issues outnumbered advancers by a 2.14-to-1 ratio. The S&P 500 posted 15 new 52-week highs and one new low while the Nasdaq Composite recorded 78 new highs and 78 new lows. Volume on US exchanges was relatively light, with 16.3 billion shares traded, compared to an average of 18.3 billion shares over the previous 20 sessions. — Reuters
Malaysian Reserve
2 hours ago
- Malaysian Reserve
XTI Aerospace Reports Second Quarter 2025 Results and Provides Business Update
Strong TriFan 600 development progress, expanded strategic partnerships and strengthened balance sheet ENGLEWOOD, Colo., Aug. 14, 2025 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA) ('XTI Aerospace' or the 'Company'), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the filing of its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, and provided an update on recent corporate milestones and strategic initiatives. 'During the second quarter, we made measurable strides toward our goal to bring the TriFan 600 to market as a game-changing aircraft for both commercial and defense applications,' said Scott Pomeroy, Chairman and CEO of XTI Aerospace. 'Our engineering teams achieved foundational milestones, from finalizing the Global Finite Element Model for the latest configuration to selecting drivetrain supplier-partners, all while progressing critical FAA certification efforts. We also leveraged some of the most powerful computing resources in the world, including the U.S. Department of Energy's Frontier supercomputer, to accelerate aerodynamic analysis and optimize our design ahead of wind tunnel testing. These achievements showcase the disciplined, milestone-driven approach that is central to our culture and critical to delivering on our commitments to customers, regulators, and shareholders.' 'Just as important, we have taken steps to position XTI for long-term success beyond the engineering lab,' continued Pomeroy. 'We expanded our corporate advisory board with leaders in aerospace, defense, and AI to strengthen our ability to navigate certification, market entry, and future technology integration. We opened a dedicated prototyping and innovation lab to fast-track subscale model testing and flight control development, and entered into a memorandum of understanding with VerdeGo Aero to explore hybrid-electric propulsion solutions for future variants. We also raised $18.4 million through our June public offering and subsequent over-allotment exercises. We believe the combination of technical progress, a strengthened balance sheet, and a growing network of industry partners sets the stage for reopening TriFan 600 pre-sales and moving toward first flight and type certification.' Second Quarter 2025 Business Highlights TriFan 600 Development Milestones Global Finite Element Model (GFEM) finalized for configuration C211.2, a foundational step in validating structural performance for FAA type certification. Selected drivetrain suppliers Triumph Geared Solutions, Formsprag Clutch and Kamatics Corporation to deliver primary/secondary gearboxes, clutch systems, and precision drive shafts. FAA Certification Branch Office assigned: Ft. Worth CBO will lead TriFan 600 type certification activities, providing specialized VTOL expertise. Advanced aerodynamic optimization through 1,500+ computational fluid dynamics simulations on the U.S. Department of Energy's Frontier supercomputer, supporting design refinements ahead of wind tunnel testing. Technical Familiarization sessions held with FAA on aircraft structures, with ongoing monthly engagement to streamline certification pathways. Strategic and Market Expansion Initiatives MOU with VerdeGo Aero to explore hybrid-electric propulsion for future aircraft variants, targeting high-performance, sustainable solutions for military and civilian markets, which remains subject to the parties' execution of a definitive agreement. Corporate Advisory Board expansion with notable leaders from the U.S. Space Force/Air Force, Palantir Technologies, Paramount Group, and with other aerospace, AI, and defense sector professionals, adding deep expertise in certification, government relations, and intelligent systems. Opening of XTI's prototyping and innovation lab at The HIVE in Grand Forks, ND, to accelerate testing of subscale models 'Sparrow' and 'Kestrel' and advance flight control systems. Capital and Balance Sheet Enhancements Gross proceeds from financing: $16 million from a completed public offering in June, followed by an additional $2.4 million in over-allotment exercises in July. These funds bolster liquidity to support engineering and certification activities. Ended Q2 2025 with $20.0 million in cash and cash equivalents, up from $4.1 million at year-end 2024. Continued disciplined expense management while prioritizing R&D investment for the TriFan 600 program. Second Quarter 2025 Financial Highlights Cash and cash equivalents increased to $20.0 million as of June 30, 2025, compared to $4.1 million at December 31, 2024, primarily due to the net proceeds received from the June underwritten offering. Maintained a debt-free, short-term position at June 30, 2025, following the successful repayment of all short-term borrowings in Q1, providing a clean capital structure to support growth initiatives. Stockholders' equity grew to $12.4 million as of June 30, 2025, up from $6.6 million at December 31, 2024, reflecting new capital raised and a stronger balance sheet foundation. Strategic Outlook Building on a successful first half, XTI Aerospace remains focused on advancing the TriFan 600 through continued engineering, certification, and supplier selection milestones. Key H2 2025 priorities include: Continued flight testing the Sparrow subscale model to validate aerodynamic and transition performance. Advancing supplier integration for key systems. Continuing FAA technical familiarization meetings across multiple subsystems. 'Our work in the first half of 2025 lays the foundation for the next chapter of XTI's growth,' added Pomeroy. 'With each milestone we reach, whether it's advancing the TriFan 600 toward first flight, deepening our FAA engagement, or expanding our network of industry-leading partners, we are taking steps to reduce program risk and increase value. The TriFan 600 is designed to redefine what's possible in regional air mobility, delivering the speed, range, and flexibility that operators demand without the infrastructure constraints of traditional aircraft. We believe the market opportunity ahead is substantial, and with our strengthened balance sheet, technical progress, and clear certification path, we are well positioned for success. Our mission is ambitious, but so is our conviction as we work to deliver an aircraft that sets a new standard for performance, versatility, and safety in the emerging xVTOL category.' About XTI Aerospace, Inc. XTI Aerospace ( (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, maximum cruising speeds of over 300 mph and a range up to 1,000 miles, creating an entirely new category – the xVTOL. Additionally, the Inpixon ( business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI Aerospace, please visit and follow XTI Aerospace on LinkedIn, Instagram, X, and YouTube. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about XTI Aerospace's ability to achieve anticipated milestones in the timeframes currently anticipated or at all, the products under development by XTI Aerospace, the advantages of XTI Aerospace's technology, and XTI Aerospace's customers, plans and strategies are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including 'believe,' 'continue,' 'could,' 'would,' 'will,' 'estimate,' 'expect,' 'intend,' 'plan,' 'target,' 'projects,' or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations, which include, but are not limited to, XTI Aerospace's ability to obtain adequate financing in the future as needed and on reasonable terms, XTI Aerospace's ability to successfully complete the certification program for the TriFan 600, including obtaining necessary approvals from the FAA, in the anticipated time frame, if at all, and XTI Aerospace's ability to meet the development and commercialization schedule with respect to the TriFan 600. XTI Aerospace undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI Aerospace's filings with the SEC, including those factors discussed under the caption 'Risk Factors' in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC. Contacts General inquiries:Email: contact@ Web: Investor Relations: Dave Gentry, CEORedChip Companies, 1-407-644-4256Email: XTIA@
