
Tabung Baitulmal Sarawak disburses RM36.45 mln to ‘asnaf' recipients as of March 2025
Abang Mohd Shibli speaks to reporters during the gathering on Wednesday.
MIRI (April 24): As of March this year, Tabung Baitulmal Sarawak (TBS) has distributed a total of RM36.45 million to eligible 'asnaf' individuals through its four main programmes.
According to TBS general manager Datu Abang Mohd Shibli Abang Mohd Nailie, the programmes include Knowledge Empowerment, Development of Islamic Institutions, Welfare Strengthening for the Ummah, and Skills Improvement Initiatives.
He shared this with reporters after officiating the TBS Customer Day and Hari Raya gathering held at the Sarawak Islamic Complex Hall, here yesterday.
Organised by TBS Miri Division, the event aimed to celebrate and appreciate the support of its client and stakeholders in conjunction with the Hari Raya festivities.
'This event was held to show appreciation to the supporters and stakeholders of Tabung Baitulmal Sarawak (TBS) ― consists of 'Zakat' contributors, 'wakaf' donors, aid recipients, 'amils', government agencies, private organisations, non-governmental organisations (NGOs) and more,' he mentioned.
Guests were treated to a festive Aidilfitri feast, performances of Raya songs, service counters, and a variety of engaging activities.
Also present were TBS Miri deputy general manager Bolhassan Iskandar Taibi; head of Finance and Administration, Sulaiman Mahili; and head of Development and Wakaf, Abang Faisal Abang Marzuki. Abang Mohd Shibli Abang Mohd Nailie asnaf lead Tabung Baitulmal Sarawak
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
7 days ago
- The Star
Auto sector outlook showing divergence
PETALING JAYA: The automotive industry's earnings visibility is still good, backed by a booking backlog of 130,000 units as of the end of February this year. More than half of the backlog is made up of new models, indicating the appeal of new models to car buyers, said Kenanga Research. The trend is likely to persist throughout this year given a strong line-up of new launches, the research house added. Meanwhile, RHB Research expects the total industry volume (TIV) to be seasonally softer in the second quarter of this year (2Q25), impacted by the Hari Raya holidays and scheduled factory maintenance at Perodua and Proton. The research house remained cautious on the outlook of the automotive sector amid persistent price competition in the non-national segment and easing order backlogs. It maintained a 'neutral' call on the sector, reflecting its expectation of a cyclical slowdown driven by the absence of strong catalysts to propel sales and earnings to new highs. The research house's top sector pick is Sime Darby Bhd given its strategic positioning to weather the impact of the impending subsidy rationalisation for RON95 fuel and its exposure to Perodua, Malaysia's most popular car brand. Kenanga Research's top picks are MBM Resources Bhd and Hong Leong Industries Bhd , with an 'overweight' call on the sector. The research house said its TIV forecast for this year of 805,000 units will be driven by forward buying interest on the deferment of new excise duty regulations to the end of this year. It expects Perodua to benefit the most, at 44% TIV market share with the highest localisation rate that could have resulted in prices of locally assembled vehicles increasing by 10% to 30% under the new excise duty calculations, as well as attractive new launches such as a Perodua hybrid, Perodua electric vehicle (EV) and all-new Perodua Myvi. The expectations was also backed by higher household incomes, with the salary hike for government servants last December , higher minimum wages starting February this year, and a stable labour market. The same cannot be said for the premium segment, as the target customers, for instance the upper-tier M40 and T15 groups, may hold back from buying new cars, trade down to smaller cars or switch to hybrids and EVs to cut their fuel bills upon the introduction of fuel subsidy rationalisation. The research house said there are more electric vehicles EVs in the market, and vehicle sales will also be supported by new EVs that enjoy sales and service tax exemption and other EV incentives up until the end of this year for completely built-up vehicles and 2027 for completely knock down models. TA Research maintained its 'neutral' call on the sector and reiterated its TIV forecast of 700,000 for this year. It maintained a 'sell' on MBM Resources and Bermaz Auto Bhd , while Sime was still rated as a 'hold'.


New Straits Times
24-05-2025
- New Straits Times
Bank Negara has policy space as inflation remains contained: Economists
KUALA LUMPUR: Bank Negara Malaysia may have room to ease interest rates in the coming months as inflationary pressures remain contained and external economic headwinds build, economists said. April's consumer price index (CPI) data showed that headline inflation held steady at 1.4 per cent year-on-year, unchanged from March, despite festive-season spending during Hari Raya. Core inflation, however, inched up to two per cent, the highest in 17 months, driven by firmer price pressures in services and durable goods. Putra Business School economic analyst Prof Dr Ahmed Razman Abdul Latiff said the benign inflation backdrop, coupled with rising global risks, supports the case for a potential 25 basis-point reduction in the Overnight Policy Rate (OPR) in the second half of the year. He pointed to geopolitical tensions and reciprocal tariff measures by the United States (US) as key threats to global trade, which could spill over into Malaysia's export-oriented economy. Still, Razman expects domestic growth to remain resilient. "Despite all the uncertainties caused by US tariffs, the economic outlook for the second half of the year remains positive, supported by stronger trade activity and expected higher foreign direct investments," he told Business Times. He added Malaysia's chairmanship of Asean this year is also expected to lift domestic demand through enhanced regional collaboration. According to the Department of Statistics' (DOSM) report on Wednesday, price increases in April were led by personal care and housing costs. Personal care saw the sharpest rise at 4.1 per cent, while education and housing expenses increased between 2.0 and 2.3 per cent. Food and beverage inflation eased slightly to 2.3 per cent from 2.5 per cent a month earlier, helped by lower vegetable and dairy prices despite festive demand. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said while inflation is largely under control, Bank Negara may soon need to pivot its policy stance if growth slows meaningfully. "The current economic environment is highly fluid, which necessitates a careful and well-calibrated monetary policy response," he said, adding that a rate cut of 25 basis points could be considered if signs of a slowdown persist. He said gross domestic product growth in the second half could dip below four per cent, warranting policy support. This outlook is consistent with Hong Leong Investment Bank (HLIB) economist Felicia Ling's view that the inflation environment remains relatively benign. "Recent data suggests a benign domestic inflation with minimal inflationary pressures, leaving Bank Negara more room for monetary easing," she said in a research note. HLIB has maintained its full-year CPI forecast at 2.7 per cent but cautioned that global demand weakness and subdued commodity prices pose downside risks. Maybank Investment Bank chief economist Suhaimi Ilias said broader inflation trends have remained muted despite policy changes. "Inflation remains subdued at sub-two per cent year-to-date even with the 13.3 per cent minimum wage hike in February," he said. He added that the limited price pass-through may be attributed to the hike's initial application only to large employers. Meanwhile, DOSM said deflation persisted in certain segments, led by a 4.5 per cent fall in information and communication and a 0.1 per cent dip in clothing and footwear. Public Investment Bank economist Sabrina Edora said while inflation will likely stay below three per cent for the year, risks could emerge from domestic policy shifts. These include fuel subsidy reforms and a wider service tax net. Still, she believes any inflationary impact will be manageable if such reforms are introduced gradually and supported by offsetting measures. "Given the backdrop of lower global commodity prices, the near-term inflation trajectory is expected to remain benign, even in the event of subsidy rationalisation," she said. Bank Negara's latest monetary policy statement projected headline inflation to average between 2.0 and 3.5 per cent this year, with core inflation between 1.5 and 2.5 per cent. With three policy meetings left in 2025, in July, September and November, economists say the central bank has policy space if conditions deteriorate. A 25 basis-point cut in the third quarter is still on the table, Edora said, assuming stable macroeconomic conditions and continued electricity tariff subsidies.


Malay Mail
23-05-2025
- Malay Mail
Ex-aide denies Rafizi resigned, explains ministry office was only tidied for Raya event
KUALA LUMPUR, May 23 — Economy Minister Datuk Seri Rafizi Ramli did not vacate his ministry office during his recent leave, according to his former special officer Najib Bakar, who also dismissed claims that Rafizi had resigned from his ministerial and PKR deputy president posts. Najib, who is contesting for a position in the PKR Central Leadership Council for 2025–2028, addressed the apparent confusion in a Facebook post today. He explained that the minister's office was never cleared out but was tidied up to prepare for a Hari Raya Aidilfitri celebration held on April 28. 'On April 27, many Special Branch officers checked whether YB Rafizi had actually vacated his office. They must have heard rumours from an unnamed source,' Najib said. 'The office was cleaned, yes, but only for the Raya event. Here is a photo from that day to clarify the situation.' Najib also refuted statements by PKR deputy presidential candidate Nurul Izzah Anwar, who claimed Rafizi had submitted his resignation and vacated his office, prompting her to run for the deputy president's position. Nurul Izzah said she received news of Rafizi's leave and office clearance while attending a conference in India, which raised concerns about a leadership gap in PKR. 'I can confirm that Rafizi never submitted a resignation letter to the prime minister as minister or PKR deputy president,' Najib said. 'If anyone wants to screenshot my post to prove it, they are welcome to do so.' Najib previously served as head of corporate communications at the Ministry of Economy before stepping down to contest in the party leadership election.