BAT to stop selling vape products from 3Q25
In a filing with Bursa Malaysia, BAT said in order to comply with the new regulatory requirements for vapour products as set out in Act 852 and its regulations that will take effect on Oct 1, 2025, the company will be transitioning out its current range of VUSE products in the third quarter of 2025.
'The company will undertake commercial assessments of its VUSE products, taking into consideration the new regulations governing such products. The company will continue to focus on delivering combustible value growth.'
BAT said it expects only minimal impact on its financial performance for the financial year ending Dec 31, 2025.
'There are no foreseeable significant risks beyond the usual operational risks typically associated with the normal business activities.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
5 hours ago
- Barnama
HR Minister Unlocks RM2 Bln Levy Fund For Graduate Hiring As Merdeka Gift For Employers
BUSINESS PETALING JAYA, Aug 18 (Bernama) -- Human Resources Minister Steven Sim Chee Keong has announced that employers can utilise up to RM2 billion from the human resources development (HRD) levy fund to hire Malaysian graduates beginning Sept 1, 2025. 'As a Merdeka gift, I am unlocking up to RM2 billion in the HRD levy fund for you to hire Malaysian graduates beginning Sept 1, 2025. You will now be able to use your levy money to pay the salary of your workers if they are university graduates or TVET graduates,' he said in his speech at the Federation of Malaysian Manufacturers (FMM) Annual Dinner 2025 here today. Also present were Digital Minister Gobind Singh Deo, FMM president Tan Sri Soh Thian Lai and FMM deputy president Lee Chor Kok. Sim highlighted that the initiative would not only help employers improve cashflow, but also place a greater premium on human capital, create more higher-paying jobs and provide on-the-job training for graduates. He also reminded industry players not to overlook human capital while chasing technology-driven productivity, especially with artificial intelligence (AI) increasingly reshaping industries. 'This confirmed our instinctive suspicion for the past few years. AI replaces conventional academic-trained personnel… this will dent the signalling value of an academic degree in the future,' he said. The minister highlighted that Malaysia had already spent up to RM77.2 billion on digitalisation until the end of last year, while global tech players such as Google, Microsoft, Bytedance and Amazon have committed to invest over RM60 billion in the country. 'Through the National Semiconductor Strategy, Malaysia has also received RM46.5 billion in investments in high-tech, high-growth, high-value sectors such as wafer fabrication, AI chips and integrated circuit production,' he said. The dinner also marked the 57th anniversary of FMM.
New Straits Times
7 hours ago
- New Straits Times
Bursa CEO: Malaysia's capital market resilient, poised for growth
KUALA LUMPUR: Malaysia's capital market remains resilient and well-positioned for growth, Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said. This is supported by strong fundamentals, proactive policies and rising opportunities in strategic sectors. "The strong momentum of initial public offerings (IPOs) reflects the confidence of Malaysian businesses, as they expand and tap the capital market to power their next phase of growth," he said on the sidelines of Invest Malaysia 2025 series (IM 2025) in Singapore today. As at Aug 1 this year, Bursa Malaysia had 39 IPOs listed, a 39 per cent increase year-on-year compared to the same period in 2024, said Fad'l. It maintained lead position in the Asean region for total number of IPO listings, and total IPOs funds raised," Fad'l said. "This demonstrates a thriving market where companies are growing, creating value and offering opportunities for investment. "As a multi-asset exchange, Bursa Malaysia remains committed to enhancing the vibrancy and depth of our markets, to support Malaysia's economic momentum and propel its competitiveness globally," he added. Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz, in his keynote address highlighted that shifting global trade dynamics are reshaping supply chains. This suggests that open economies such as Malaysia and Asean need to be responsive and build resilience. He outlined Malaysia's priorities as Asean chair to strengthen regional resilience and position the region as an investible asset class, while calling for deeper regional economic integration to safeguard the region's growth trajectory in an increasingly fragmented global economy. Tengku Zafrul continued his insights in a fireside chat moderated by Fad'l where the conversation turned to how Asean and Malaysia can navigate external shocks from US-China tariff tensions. He elaborated that there is potential for the region to turn these disruptions into opportunities to position itself as a base for global manufacturers seeking stability and resilience. Malaysia, in particular, has strengthened its edge against regional peers This is supported by disciplined industrial and economic reforms, the development of high-tech hubs in Penang and Kedah, as well as special economic zones aimed at attracting strategic investments in electrical & electronics, EVs, and advanced manufacturing. Tengku Zafrul added that the current period of volatility could serve as a springboard for Malaysia to accelerate its move into higher-value sectors, with the New Industrial Master Plan 2030 (NIMP 2030) providing the long-term policy certainty, targeted incentives, and "safe harbour" measures needed to secure investor confidence. IM 2025 in Singapore is Bursa Malaysia's flagship programme in collaboration with the Macquarie Asean Conference 2025. Since its inception in 2005, Invest Malaysia has expanded its reach globally with 61 Invest Malaysia Away editions hosted in major financial centres worldwide. In 2025 alone, the series made its mark in London (January), followed by the Invest Asean-Malaysia here in June, each reinforcing Malaysia's position as a vibrant and attractive investment destination.
Barnama
7 hours ago
- Barnama
WCE Net Loss Lower At RM25.33 Mln In 1Q FY2026
BUSINESS KUALA LUMPUR, Aug 18 (Bernama) -- WCE Holdings Bhd's net loss was slightly lower at RM25.33 million in the first quarter ended June 30, 2025 (1Q FY2026), compared to a net loss of RM25.86 million in the same period a year ago. The company reported in a Bursa Malaysia filing today that its revenue jumped to RM393.85 million in 1Q FY2026 from RM75.57 million previously, driven by increased construction activity and higher toll collection following recent sectional openings. 'Revenue for construction for 1Q FY2026 increased by 710 per cent compared to 1Q FY2025, mainly due to higher construction activity in respect of the rest and service areas (RSAs) construction and remaining sections of the West Coast Expressway. 'The group achieved higher toll collection revenue for 1Q FY2026, an increase of 61 per cent compared to 1Q FY2025, mainly due to higher traffic volume after the opening of the additional sections,' it said. Meanwhile, it said subsidiary WCE Maju Sdn Bhd undertakes the group's construction activities -- revenue for construction for 1Q FY2026 increased by 230 per cent compared to 1Q FY2025, mainly due to a higher level of construction activity during the period. On prospects, it said that as at March 31, 2025, eight out of 11 sections are already operational, covering 180 kilometres (km) across Selangor and Perak. 'Notably, the entire Perak alignment (120 km) is now fully completed,' it said. According to WCE, construction for the final three sections namely, Section 3 (KESAS - Federal Highway Route 2), Section 4 (Federal Highway Route 2 - New North South Klang Straits Bypass (NNKSB) and Section 7 (Assam Jawa - Tanjong Karang) is currently ongoing. 'The group is expected to incur losses in the early years of toll operations due to the cessation of capitalisation of interest expenses for completed sections.
