Latest news with #350
New Straits Times
3 days ago
- General
- New Straits Times
Family pools RM16,000 for korban ritual, distributes 300kg beef
KUBANG PASU: A family in Kodiang pooled over RM16,000 in savings for Hari Raya Aidiladha, sacrificing three cattle and distributing more than 300kg of beef. The initiative, led by 21 members of the extended family, was made possible through over a year of monthly contributions. Heading the effort was Mohamad Tarmizi Ghazali, 58, a civil servant based in Perlis, who said: "This isn't just about fulfilling a religious call. It's also about reconnecting as a family. We're all related to my late in-laws, Mohd Yusuf Othman and Che Meriyam Syafie, who died 17 and five years ago, respectively. "Since their passing, it's been rare for us to gather, especially with many of us living far apart across the country. This was an opportunity to come together for something meaningful," he said when met at a cattle ranch in Changlun today. Tarmizi said a good share of the beef would be distributed to underprivileged households in the surrounding areas, in keeping with the spirit of sharing and compassion of Hari Raya Aidiladha. "With the RM16,350 we spent, I hope it benefits at least 60 asnaf (those eligible to receive zakat) and others in need, whom we've already identified. "Each of us will also receive 15kg to 20kg of beef. InshaAllah, the blessings will be far-reaching." His nephew, Mohd Fadzli Abd Hamid, 43, an electrical engineer based in Penang, said the initiative was also a valuable learning experience for the younger generation about the Islamic practice of korban. "Our children were excited. Some were nervous or even scared, but this is part of our religious tradition. One day, when they grow up, they will carry it on with understanding," he said. His sister, Nur Farahana Abd Hamid, 37, who runs an online business and lives in Sintok, said it was her first time participating in the korban ritual, and it was deeply meaningful. "We planned this for over a year. Each of us contributed RM80 monthly from July last year until this May. It may not have been possible for me to take part if I had to pay a lump sum, so I'm really thankful," she said. What made it more special, she added, was the family atmosphere during the celebration. "There was laughter, there were smiles. It was beautiful to experience it together during a blessed festive period." Hari Raya Aidiladha, observed on the 10th of Zulhijjah, which fell on June 7 this year, commemorates the devotion of Prophet Ibrahim and his son, Prophet Ismail, who submitted to Allah's will. The annual korban ritual honours that act of faith. Meat from the sacrificed animals is shared with the underprivileged, ensuring that no one is left behind during the celebration.
The Star
5 days ago
- Business
- The Star
Bright Packaging diversifies into oil palm sector
PETALING JAYA: Bright Packaging Industry Bhd has entered into a new joint-venture agreement (JV) with Datai Plantations Sdn Bhd (DPSB) for the purpose of further diversity and increasing its investment in oil palm plantations. In a filing with Bursa Malaysia, the packaging company said the JV will supercede the previous agreement that was signed on May 5, 2023. 'Bright Packaging is desirous to further invest and diversify its business in the field of oil palm plantations to obtain sustainable future income with the assistance of a third party, and in this case, DPSB, which possesses the necessary knowledge, expertise and experience in the field of oil palm plantations and related business and is able to provide technical, commercial and management expertise in the relevant industry. 'The board believes that the JV will potentially contribute positively to the company's future earnings.' Bright Packaging said the JV will be funded entirely from internally generated funds. Additionally, it said the JV will reduce its reliance on its manufacturing business related to aluminium foil, which is increasingly competitive and subject to volatility of its primary raw material as well as fluctuation in the foreign-exchange rate. The company said the prospects for the palm oil industry remain optimistic, with the sector likely to benefit from strong demand and stable prices. 'For businesses closely tied to crude palm oil (CPO) prices, 2025 may present a short-term trading opportunity, especially if Indonesia accelerates the full implementation of its biodiesel mandate. 'The period from January to mid-February 2025 is considered a critical window for such companies.' Citing the Malaysian Palm Oil Board, Bright Packaging noted that CPO prices are expected to remain firm or move higher in 2025, with forecasts ranging from RM4,000 to RM4,350 per tonne as compared to the RM4,200 average per tonne in 2024.
The Star
02-06-2025
- Business
- The Star
Jonathan Anderson named women's creative director at Dior in major fashion move
This latest announcement by Dior makes Jonathan Anderson creative director for the women's, men's and haute couture collections. Photo: Dior Dior named Jonathan Anderson its next womenswear designer as owner LVMH seeks to revive growth at the struggling brand. This makes Anderson creative director for the women's, men's and haute couture collections. He will present his first collection, Dior Spring/Summer 2026 menswear, Dior said in a statement Monday (June 2). Anderson replaces Maria Grazia Chiuri, who spent nine years in the role before stepping down last week. The move greatly expands Anderson's duties after the designer, a native of Northern Ireland, was given direction of Dior's menswear line in April. The roles had previously been split. Kim Jones, the brand's former menswear designer, left in January. LVMH Moet Hennessy Louis Vuitton SE's key fashion and leather goods unit, which includes Dior and Louis Vuitton, saw organic sales fall 5% in the first quarter. Read more: Dior's first female head of womenswear, Maria Grazia Chiuri, steps down While the company doesn't provide financial performance by brands, HSBC estimates that Christian Dior Couture likely had sales of €8.71bil (approximately RM42.28bil) last year and earnings before interest and taxes of €2.74bil (RM13.3bil). After years of double-digit growth rates, with blockbuster products such as the Dior Book tote bag that can sell for €2,750 (RM13,350), Dior has been underperforming the larger Louis Vuitton in recent quarters as its collections fail to resonate with consumers. The wider luxury market has suffered as well, hurt by weak demand in China and an escalating trade war. LVMH chief executive officer Bernard Arnault's eldest child, Delphine, 50, has been CEO of Dior for more than two years. Anderson was creative director of Loewe, an LVMH brand known for its leather bags, for more than a decade until March. The label experienced "exceptional growth' during Anderson's tenure, the company said when announcing his departure. – Bloomberg
Barnama
24-05-2025
- Business
- Barnama
Financial Analyst Deceived Into Investing In Non-Existent Scheme, Loses Nearly RM150,000
KUALA TERENGGANU, May 24 (Bernama) -- A financial analyst was left devastated after losing his savings of RM147,350 to a fraudulent investment syndicate operating through a non-existent scheme. Kuala Terengganu police chief ACP Azli Mohd Noor said it in February when the 42-year-old victim came across a stock investment advertisement on the social media platform Instagram. He said the victim clicked on the advertisement link and was subsequently invited to join a WhatsApp group comprising 125 members who actively discussed stock market trends. "One of the group members claimed to be an employee of a securities and investment company based in China. The suspect persuaded the victim to invest using a platform called HTGIC, but required him to transfer money to several company accounts beforehand as part of the stock trading process. "The suspect assured the victim that he would be able to monitor all transaction records through the platform and freely manage the funds for stock purchases and sales," Azli said in a statement today. Azli said the victim had made 13 money transfers amounting to RM147,350 to five different bank accounts as part of the so-called investment. He said that in addition to using his savings, the victim had also borrowed money from his mother and used company funds to invest in the fraudulent scheme. "The victim lodged a police report at 7.36 pm yesterday after failing to see any returns from the investment to date. The case is being investigated under Section 420 of the Penal Code for cheating," he added. -- BERNAMA
The Sun
24-05-2025
- Business
- The Sun
Financial analyst deceived into investing in non-existent scheme
KUALA TERENGGANU: A financial analyst was left devastated after losing his savings of RM147,350 to a fraudulent investment syndicate operating through a non-existent scheme. Kuala Terengganu police chief ACP Azli Mohd Noor said it in February when the 42-year-old victim came across a stock investment advertisement on the social media platform Instagram. He said the victim clicked on the advertisement link and was subsequently invited to join a WhatsApp group comprising 125 members who actively discussed stock market trends. 'One of the group members claimed to be an employee of a securities and investment company based in China. The suspect persuaded the victim to invest using a platform called HTGIC, but required him to transfer money to several company accounts beforehand as part of the stock trading process. 'The suspect assured the victim that he would be able to monitor all transaction records through the platform and freely manage the funds for stock purchases and sales,' Azli said in a statement today. Azli said the victim had made 13 money transfers amounting to RM147,350 to five different bank accounts as part of the so-called investment. He said that in addition to using his savings, the victim had also borrowed money from his mother and used company funds to invest in the fraudulent scheme. 'The victim lodged a police report at 7.36 pm yesterday after failing to see any returns from the investment to date. The case is being investigated under Section 420 of the Penal Code for cheating,' he added.
