Latest news with #015
Time of India
20-05-2025
- Business
- Time of India
Protean eGov of PAN fame crashes 20% as govt turns down bid.
Protean eGov Technologies witnessed a sharp decline of 20% in its stock price in a single day, falling from INR1,430 on Friday to INR1,015. The stock was downgraded after the Income Tax Department (ITD) turned down the company's bid for the contract of PAN 2.0 – a government initiative to add new features to the existing PAN (Permanent Account Number) card and make it more tech-oriented. The company is known for processing and issuing PAN cards,
Hans India
02-05-2025
- Business
- Hans India
Adani Ports logs record Rs 11,061-cr PAT in FY25
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday reported an all-time high profit after tax (PAT) at Rs11,061 crore in FY25, up 37 per cent year-on-year. On a quarterly basis, the flagship company of the Adani Group posted an impressive 50 per cent PAT growth at Rs3,023 crore in Q4, up from Rs2,015 crore in the same period in FY24. Operating revenue grew by 16 per cent YoY to Rs31,079 crore in FY25, while domestic ports revenue increased 12 per cent to Rs22,740 crore (year-on-year). EBITDA was up 20 per cent at Rs19,025 crore (on-year). 'Our record-breaking performance in FY25, crossing Rs11,000 crore in PAT and handling 450 MMT cargo, is a testament to the power of integrated thinking and flawless execution,' APSEZ Whole-time Director and CEO, Ashwani Gupta, said. 'We have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth,' he added. Mundra became the first port in India to cross 200MMT in a single year. Gupta further added that from Mundra Port crossing 200 MMT, to Vizhinjam Port rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshore — every milestone reflects our long-term vision to become the world's largest ports and logistics platform. For FY25, the APSEZ Board has recommended a dividend of Rs7 per share – a payout of Rs1,500 crore.
Daily Express
26-04-2025
- Business
- Daily Express
Sarec 2025: Sabah's econ prospects robust
Published on: Saturday, April 26, 2025 Published on: Sat, Apr 26, 2025 By: Sisca Humphrey Text Size: Choy also pointed out that Sabah's median wage growth has outpaced the national trend — increasing from RM1,300 in 2013 to RM2,015 in 2022 — compared to the national rise from RM1,700 to RM2,424. Kota Kinabalu: Sabah's economic prospects remain robust despite global uncertainties and domestic challenges, said MARC Ratings Berhad Chief Economist Ray Choy See Yew during the Sabah Renewable Energy Conference (Sarec) 2025 here, on Thursday. Presenting on the theme 'Economic and Market Outlook for 2025 and Beyond', Choy said the outlook for the year ahead remains cautious, largely due to persistent global trade tensions. However, he assured that Malaysia's economy, driven predominantly by domestic demand, is well-positioned to weather external shocks. 'Malaysia's economy is essentially domestically driven. Approximately two-thirds of Gross Domestic Product (GDP) comes from internal demand, which offers a strong buffer against external shocks like trade wars,' he said. He also underlined the strength of Malaysia's diversified export base. While the United States (US) remains a key trade partner, no single country accounts for more than 10 percent of Malaysia's export-to-GDP ratio — a sign of the country's resilience in the face of global headwinds. 'Sabah's contribution to Malaysia's GDP, though vital, has slightly declined over the years, from 6 percent in 2013 to 5.3 percent in 2023,' he said. Despite this dip, Choy believes Sabah has substantial growth potential, especially in light of its GDP growth of just 1.3 percent in 2023 — below the national average of 3.7 percent. 'While Sabah continues to develop, there is still ample opportunity to improve and grow its economic output,' he said. He remarked that services, mining, and agriculture remain the backbone of the State economy, with ongoing diversification offering new pathways for development. Choy also pointed out that Sabah's median wage growth has outpaced the national trend — increasing from RM1,300 in 2013 to RM2,015 in 2022 — compared to the national rise from RM1,700 to RM2,424. 'Sabah's wage growth of 5 percent per annum is above the national average of 4 percent, indicating improving living standards in the State,' Choy said. While Sabah continues to lead the nation in palm oil production, challenges such as climate change and limited replanting have impacted output. 'However, palm oil continues to be a vital export, alongside petroleum products and natural gas, which together make up half of the State's total exports,' he added. Highlighting Sabah's future, Choy spoke of transformative projects set to diversify and stimulate the local economy — particularly in renewable energy, infrastructure, and agriculture. 'Key projects include Seguntor Bioenergy Sdn Bhd (RM80 million to RM120 million) and the Tadau Energy Solar Farm, Malaysia's first green sukuk-financed renewable energy initiative, valued at RM250 million. 'Renewable energy projects are central to Sabah's growth and offer exciting prospects for long-term economic stability,' he said. He also emphasised the strategic importance of major infrastructure initiatives such as the RM40 billion Pan Borneo Highway and the RM7.5 billion Sabah-Sarawak Link Road (SSLR). 'These infrastructure projects are pivotal for Sabah's future economic growth,' he said, adding that enhanced transportation networks will strengthen both local and regional development. Nationally, Choy projected a 4.4 percent GDP growth for Malaysia in this year, supported by stable inflation, steady foreign direct investment in semiconductors and data infrastructure and a resilient financial market. On the global front, he forecast 2.8 percent economic growth for the year, with inflation expected to ease. However, he warned that US tariffs and changing global trade dynamics could still pose risks — particularly for Asean economies. 'Trade war dynamics are constantly evolving and US tariffs could shift the economic landscape,' he said. Despite such challenges, he believed that Malaysia's diversified economy and Sabah's untapped potential will continue to support sustainable growth. 'Malaysia's economy benefits from diversified export markets and a resilient domestic economy,' he said. He asserted that Sabah has ample room to grow and with the right investment and policy framework, the State could play an even larger role in Malaysia's economic future. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * 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
26-04-2025
- Business
- Daily Express
Sabah's econ prospects robust: SAREC 2025
Published on: Saturday, April 26, 2025 Published on: Sat, Apr 26, 2025 By: Sisca Humphrey Text Size: Choy also pointed out that Sabah's median wage growth has outpaced the national trend — increasing from RM1,300 in 2013 to RM2,015 in 2022 — compared to the national rise from RM1,700 to RM2,424. Kota Kinabalu: Sabah's economic prospects remain robust despite global uncertainties and domestic challenges, said MARC Ratings Berhad Chief Economist Ray Choy See Yew during the Sabah Renewable Energy Conference (Sarec) 2025 here, on Thursday. Presenting on the theme 'Economic and Market Outlook for 2025 and Beyond', Choy said the outlook for the year ahead remains cautious, largely due to persistent global trade tensions. However, he assured that Malaysia's economy, driven predominantly by domestic demand, is well-positioned to weather external shocks. 'Malaysia's economy is essentially domestically driven. Approximately two-thirds of Gross Domestic Product (GDP) comes from internal demand, which offers a strong buffer against external shocks like trade wars,' he said. He also underlined the strength of Malaysia's diversified export base. While the United States (US) remains a key trade partner, no single country accounts for more than 10 percent of Malaysia's export-to-GDP ratio — a sign of the country's resilience in the face of global headwinds. 'Sabah's contribution to Malaysia's GDP, though vital, has slightly declined over the years, from 6 percent in 2013 to 5.3 percent in 2023,' he said. Despite this dip, Choy believes Sabah has substantial growth potential, especially in light of its GDP growth of just 1.3 percent in 2023 — below the national average of 3.7 percent. 'While Sabah continues to develop, there is still ample opportunity to improve and grow its economic output,' he said. He remarked that services, mining, and agriculture remain the backbone of the State economy, with ongoing diversification offering new pathways for development. Choy also pointed out that Sabah's median wage growth has outpaced the national trend — increasing from RM1,300 in 2013 to RM2,015 in 2022 — compared to the national rise from RM1,700 to RM2,424. 'Sabah's wage growth of 5 percent per annum is above the national average of 4 percent, indicating improving living standards in the State,' Choy said. While Sabah continues to lead the nation in palm oil production, challenges such as climate change and limited replanting have impacted output. 'However, palm oil continues to be a vital export, alongside petroleum products and natural gas, which together make up half of the State's total exports,' he added. Highlighting Sabah's future, Choy spoke of transformative projects set to diversify and stimulate the local economy — particularly in renewable energy, infrastructure, and agriculture. 'Key projects include Seguntor Bioenergy Sdn Bhd (RM80 million to RM120 million) and the Tadau Energy Solar Farm, Malaysia's first green sukuk-financed renewable energy initiative, valued at RM250 million. 'Renewable energy projects are central to Sabah's growth and offer exciting prospects for long-term economic stability,' he said. He also emphasised the strategic importance of major infrastructure initiatives such as the RM40 billion Pan Borneo Highway and the RM7.5 billion Sabah-Sarawak Link Road (SSLR). 'These infrastructure projects are pivotal for Sabah's future economic growth,' he said, adding that enhanced transportation networks will strengthen both local and regional development. Nationally, Choy projected a 4.4 percent GDP growth for Malaysia in this year, supported by stable inflation, steady foreign direct investment in semiconductors and data infrastructure and a resilient financial market. On the global front, he forecast 2.8 percent economic growth for the year, with inflation expected to ease. However, he warned that US tariffs and changing global trade dynamics could still pose risks — particularly for Asean economies. 'Trade war dynamics are constantly evolving and US tariffs could shift the economic landscape,' he said. Despite such challenges, he believed that Malaysia's diversified economy and Sabah's untapped potential will continue to support sustainable growth. 'Malaysia's economy benefits from diversified export markets and a resilient domestic economy,' he said. He asserted that Sabah has ample room to grow and with the right investment and policy framework, the State could play an even larger role in Malaysia's economic future. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * 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
TimesLIVE
25-04-2025
- Automotive
- TimesLIVE
Carmakers tout cinematic experiences and mini kitchens at Shanghai auto show
Car manufacturers looking to stand out in China's constantly innovating car market unveiled cars at Shanghai's auto show this week featuring immersive entertainment, fragrance control, in-car refrigerators and hot pot cooking equipment. The world's largest and most electrified car market is mired in a brutal price war while a trade spat with the US and electric vehicle tariffs in Europe heighten focus on the domestic market, where gadgets are major selling points. "Chinese customers are expecting a very high level of novelty and new technologies," said Li Xiang, a marketing expert at EV maker Nio, while demonstrating the "4D digital cockpit" in its 780,000 yuan (R2,015,165) ET9 crossover coupe. When watching movies or playing games while parked, the ET9 will move and shake in conjunction with action on the screen. Massage seats and fragrance settings enhance the multi-sensory experience. "The speed of product enhancement is very fast in the Chinese market. Our product launch cadence is two or three times faster than the legacy brands," Li said, adding he demonstrated the ET9's features to many foreign car executives during the first two days of the Shanghai show. More than 100 models and concept vehicles have been unveiled at the show, with crowds flocking to see Xpeng's experimental "flying car", a passenger-carrying drone. In-car fragrance settings were a popular addition to several models, including those of Toyota Motor's premium Lexus brand. The Japanese marque's new ES includes a fragrance system featuring bamboo scent. "With each breath, it feels as if one is in the depths of a bamboo forest on the outskirts of Kyoto," Toyota's China general manager, Li Hui, said at a press briefing. Perhaps the most unusual feature came from Rox Motor. The Rox 01, an all-terrain luxury SUV priced from 299,900 yuan (R774,848), aims to capitalise on a trend for camping and outdoor pursuits with a tailgate kitchen extension at 4,999 yuan (R12,915). The in-car kitchen on display included a refrigerator, a system for heating water in three seconds and facilities for making tea, coffee and hot pot, a Chinese staple. "In China, we like hot water, hot tea, and a hot pot," said Rox's chief strategy officer, David Wu. Chinese consumers are looking to experience the great outdoors without compromising comfort, Wu said.
