Latest news with #140
Time of India
5 days ago
- Business
- Time of India
Cotton MSP hiked by 589, taking rates to 7,710-8,110/q
Nagpur: The govt has increased the minimum support price (MSP) for cotton, the major crop of the region, by Rs589. This takes the rates for long staple cotton to Rs8,110 a quintal and Rs7,710 per quintal for the medium staple grade. A section of farmers and activists said it was expected that MSP will be taken to at least Rs8,500 a quintal. According to govt calculations, cost of cultivation per quintal of cotton comes to Rs5,140. Against this, MSP of Rs8,110 leaves margin of Rs2,970 on each quintal of long staple cotton. Charudutta Mayee, ex-director of Central Institute of Cotton Research (CICR), said, "MSP should have been fixed at Rs8,500 a quintal to leave a decent profit for farmers." MSP for soyabean, the second major crop, has been increased by Rs436 to Rs5,328 a quintal. Rates of tur have been hiked by Rs450, taking it to Rs8,000 a quintal. The MSP for paddy has been hiked by Rs69, taking it to Rs2,369 a quintal.
TimesLIVE
20-05-2025
- Automotive
- TimesLIVE
Honda to scale back on EVs and concentrate on hybrids
Honda said on Tuesday it was scaling back its investment in electric vehicles, given slowing demand, and would focus on capturing growing demand for hybrids with new models. CEO Toshihiro Mibe told a press conference the automaker has lowered its planned investment in electrification and software through the 2030 business year to ¥7-trillion (R875,694,424,000) from ¥10-trillion (R1,252,332,000,000) previously. "Based on the current market slowdown, we expect EV sales in 2030 to fall below the 30% we previously targeted," Mibe said, adding battery-powered cars might make up only around 20% of the company's sales by then. Honda said it expects to sell 2.2-million to 2.3-million hybrid vehicles by 2030. It has not released a total sales target for that year. It plans to launch 13 next-generation hybrid models globally in the four years from 2027. It will also develop a hybrid system for large size models it plans to launch in the second half of the decade. Earlier this month, Honda announced it had put on hold for about two years a C$15-bn (R193,322,252,140) plan to build an EV production base in Ontario, Canada, due to slowing demand for electric cars. Honda said, however, it plans to have battery-powered and fuel-cell vehicles make up all its new car sales by 2040.
Free Malaysia Today
20-05-2025
- Business
- Free Malaysia Today
Some public housing tenants skipped rent for over 2 decades, says KL mayor
Kuala Lumpur mayor Maimunah Sharif said an internal discussion will be held next week on measures to address the mounting rental arrears across PPR and PA units managed by DBKL. PETALING JAYA : Some public housing (PA) tenants have failed to pay rent for up to 26 years, with arrears reaching as high as RM39,140, Kuala Lumpur mayor Maimunah Sharif revealed. She said the monthly rental rate was RM124, excluding maintenance charges. The highest arrears were recorded at the People's Housing Programme (PPR) in Kampung Muhibbah (RM1.9 million) and Desa Rejang (RM1.28 million). To address the issue of mounting rental arrears across PPR and PA units managed by Kuala Lumpur City Hall (DBKL), which now total RM70 million, she said an internal discussion would be held next week. 'I'll need to assess the situation because the measures we currently take involve meeting tenants face to face, asking why they haven't paid, and locking their water meters. 'We do have the authority to evict non-paying tenants, but most of them are from the B40 group, so we have to consider the situation carefully. 'I'll conduct an analysis and discuss the matter with federal territories minister Dr Zaliha Mustafa,' she told FMT. Maimunah Sharif. Maimunah said tenants often cite financial difficulties as the reason for not paying rent. 'But when we visit their areas, they complain about a lack of parking. I understand that having a car isn't a luxury anymore, it's a necessity. Still, people need to prioritise. 'At the moment, we're not taking strict action so some feel there's room not to pay,' she added. She said that in the upcoming discussions, DBKL would work on developing clearer procedures on housing and rental arrears. AdChoices ADVERTISING DBKL will also issue public notices to warn tenants with outstanding rent so that they are not caught off guard when enforcement begins. 'When we shut off the water supply, they often find a way to pay. Previously, we also introduced a scheme allowing them to settle arrears in instalments if they couldn't pay in full,' Maimunah said.
New Straits Times
20-05-2025
- Business
- New Straits Times
RM1.9 million in rental arrears at a single PPR site, says DBKL
KUALA LUMPUR: Kuala Lumpur City Hall (DBKL) is grappling with longstanding rent arrears in its public housing (PA) units, with some tenants failing to make payments for up to 26 years and individual debts reaching RM39,140. City mayor Maimunah Sharif said total arrears now stand at RM70 million, despite the monthly rental being fixed at just RM124, excluding maintenance charges. According to Free Malaysia Today, the worst cases were recorded at PPR Kampung Muhibbah with RM1.9 million in arrears, followed by Desa Rejang at RM1.28 million. "Some tenants have not made payments for more than two decades. It has become necessary to review our approach to ensure the system remains sustainable," said Maimunah. An internal meeting is scheduled next week to reassess enforcement methods and formulate more structured procedures for dealing with defaulters. "At the moment, we speak directly to tenants, ask for explanations and, in some cases, lock up their water meters," she said. Although DBKL has the legal authority to evict tenants who fail to pay, she said they must tread carefully as most affected households fall under the B40 income bracket. "We will analyse the matter further and bring it to the attention of the federal territories minister, Dr Zaliha Mustafa," she said. Maimunah said that while many tenants cite financial hardship, complaints about parking shortages were also commonly raised. "There may be a perception that strict enforcement won't happen, which could be contributing to the problem," she said. To address the situation, DBKL will begin issuing formal notices to tenants with arrears and establish clearer guidelines on rent collection and enforcement. She added that water supply cuts have previously led to repayments, and tenants had been allowed to settle arrears in instalments.
The Sun
20-05-2025
- Business
- The Sun
Some PA tenants owe up to 26 years of rent, arrears over RM39,000
PETALING JAYA: Kuala Lumpur Mayor Datuk Seri Maimunah Mohd Sharif, recently revealed that some Public Housing (PA) tenants have not paid their rent for up to 26 years, accumulating arrears amounting to RM39,140. The monthly rent is RM124, excluding maintenance charges. According to Maimunah, the highest arrears were recorded at the People's Housing Programme (PPR) in Kampung Muhibbah, estimated at RM1.9 million, and in PPR Desa Rejang at RM1.28 million, Free Malaysia Today reported. To address the issue of mounting arrears in both PPR and PA schemes – now totalling RM70 million – Maimunah said a discussion would be held next week. She said that the situation requires face-to-face meetings with tenants to understand the reasons for non-payment and locking their water meters. 'We do have the authority to evict non-paying tenants, but most of them are from the B40 group, so we have to consider the situation carefully. 'I will conduct an analysis and discuss the matter with the Federal Territories Minister, Dr Zaliha Mustafa,' she was quoted as saying. She added that tenants often cite financial difficulties as the reason for not keeping up with rent payments. 'But when we visit their areas, they complain about a lack of parking. I understand that having a car is no longer a luxury but a necessity. Still, people need to prioritise. 'At the moment, we're not taking strict action so some feel there's room not to pay,' she was also quoted as saying. Maimunah also confirmed that Kuala Lumpur City Hall (DBKL) would develop clearer procedures for dealing with housing and rental arrears. Furthermore, public notices regarding outstanding rent payments will be issued to warn tenants, ensuring they are aware of the issue before enforcement actions are taken. 'When we shut off the water supply, they often find a way to pay. Previously, we also introduced a scheme allowing them to settle arrears in instalments if they couldn't pay in full,' Maimunah added.
