Latest news with #650
AsiaOne
28-05-2025
- AsiaOne
Singaporean-Malaysian couple arrested in Melaka for allegedly distributing drug-laced vapes to students, Singapore News
A 41-year-old Singaporean man and his 38-year-old Malaysian wife were arrested in Melaka on Monday (May 26) for allegedly distributing drug-laced vape liquids to school children. Malaysian news portal Voice Asia News reported that police raided the couple's rented home following a three-month long investigation and seized 127.5ml of ketamine, which was believed to be used in vape devices, and 212 ecstasy pills among others. The total value of the seized items amounted up to RM32,650 (S$9,900). "Preliminary investigations indicate that the couple had been actively distributing various types of drugs in the form of vape liquids, pills and powders across the state over the past three months," Melaka police chief Deputy Commissioner Datuk Dzulkairi Mukhtar told reporters on Tuesday (May 27), The Star reported. They are believed to have distributed the controlled substances through social media and personal networks. Police confiscated a car and a motorcycle believed to belong to the couple. Investigations are ongoing. The Star reported that both suspects tested positive for methamphetamine, or Ice, and they have been remanded for seven days to assist in investigations. The deputy commissioner said that the police are preparing a proposal to ban vape sales in the state, citing health risks and a worrying rise in use among students. Authorities are now working closely with local schools, community leaders, and national anti-drug agencies to prevent further incidents and raise awareness among parents and educators. The involvement of additional suspects or wider networks has not been ruled out, the police said, according to Voice Asia News. [[nid:717752]]
New Paper
28-05-2025
- New Paper
S'porean man and wife nabbed in Malaysia for peddling drug-laced vape liquids to schoolkids
The police have arrested a 41-year-old Singaporean man and his Malaysian wife, 38, at their rented house in Jasin Bestari, Melaka, for allegedly distributing drug-laced vape fluid to schoolchildren. Melaka police chief Dzulkhairi Mukhtar said the couple, who tied the knot three months ago, were apprehended at 11am on May 26 by a team from the Jasin district narcotics investigation unit. "Preliminary investigations indicate that the couple had been actively distributing various types of drugs in the form of vape liquids, pills and powders across the state over the past three months," he told a press conference at state police headquarters in Bukit Beruang on May 27. The Deputy Commissioner, Mr Dzulkhairi, said his men seized 127.5ml of ketamine believed to be intended for use in vape devices, 212 ecstasy pills, 212 Erimin 5 pills, 13.7g of methamphetamine, 10g of cannabis and 80g of ketamine powder - enough for 786 drug abusers. "We also confiscated a car and a motorcycle belonging to the couple," he said. "The total value of the seized items and assets is estimated at RM32,650 (S$9,900)," he said, adding that both suspects tested positive for methamphetamine during screening. "The drugs were believed to have been marketed through social media and close personal contacts," Mr Dzulkhairi said. "The couple has been remanded for seven days to assist investigations under Section 39B of the Dangerous Drugs Act 1952." THE STAR/ASIA NEWS NETWORK
The Star
27-05-2025
- The Star
Melaka cops nab newlyweds for peddling drug-laced vape liquid to schoolkids
MELAKA: Police have arrested a 41-year-old Singaporean man and his Malaysian wife, 38, at their rented house in Jasin Bestari here for allegedly distributing drug-laced vape fluid to schoolchildren. Melaka police chief Deputy Comm Datuk Dzulkhairi Mukhtar said the couple, who tied the knot three months ago, were apprehended at 11am on Monday (May 26) by a team from the Jasin district narcotics investigation unit. "Preliminary investigations indicate that the couple had been actively distributing various types of drugs in the form of vape liquids, pills and powders across the state over the past three months,' he told a press conference at state police headquarters in Bukit Beruang here on Tuesday (May 27). DCP Dzulkhairi said his men seized 127.5ml of ketamine believed to be intended for use in vape devices, 212 ecstasy pills, 212 Erimin 5 pills, 13.7g of methamphetamine, 10g of cannabis, and 80g of ketamine powder, enough for 786 drug abusers. "We also confiscated a car and a motorcycle belonging to the couple. "The total value of the seized items and assets is estimated at RM32,650,' he said, adding that both suspects tested positive for methamphetamine during screening. "The drugs were believed to have been marketed through social media and close personal contacts. "The couple has been remanded for seven days to assist investigations under Section 39B of the Dangerous Drugs Act 1952," he said.
Economic Times
01-05-2025
- Business
- Economic Times
Why HUL is choosing growth over margin
Why HUL is choosing growth over margin Synopsis In the past 15 quarters, HUL's volume growth has mostly been sub-5%. There has been a worry that it is losing market share. For the last five years, its margins have been declining steadily. It was 23.53% in FY25. And during one of the strongest bull markets, shares of HUL have given just 6% returns. In the latest earnings, the company has guided for 100 basis points margin contraction with margins in the range of 22%-23%. As competition from New Age brands intensify, HUL prioritises growth to protect market share With a top line of more than INR60,000 crore and profit of INR10,650 crore, HUL is the largest FMCG company in India. But can it continue to dominate the market? After a successful Delhivery, how this PE fund found an INSTANT second bet in logistics Express logistics is the fastest growing segment within logistics and INSTANT XP, with its unique business Gift ETPrime to your friends Gift a Subscription Now, gift ETPrime subscription to your friend for Free! Gift this Story to your friends Gift a Story Share member-only stories with your friends or family and help them read it for free. FONT SIZE Abc Small Abc Medium Abc Large SAVE PRINT COMMENT Refer & Earn Continue reading with one of these options: Limited Access Free Login to get access to some exclusive stories & personalised newsletters Login Now Unlimited Access Starting @ Rs120/month Get access to exclusive stories, expert opinions & in-depth stock reports Subscribe Now ET Uh-oh! This is an exclusive story available for selected readers only. Worry not. You're just a step away. Sign In to Read for Free Prime Account Detected! It seems like you're already an ETPrime member with Login using your ET Prime credentials to enjoy all member benefits Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits. Sign in & Access ET Prime Already a Member? Sign In now Already a Member? Sign In now Offer Exclusively For You Save up to Rs. 700/- ON ET PRIME MEMBERSHIP Avail Offer Offer Exclusively For You Get 1 Year Free With 1 and 2-Year ET prime membership Avail Offer Offer Exclusively For You Get 1 Year Free With 1 and 2-Year ET prime membership Avail Offer Offer Exclusively For You Get Flat 40% Off Then ₹ 1749 for 1 year Avail Offer Offer Exclusively For You ET Prime at ₹ 49 for 1 month Then ₹ 1749 for 1 year Avail Offer Special Offer Get flat 40% off on ETPrime Avail Offer Avail Offer Continue with Email Continue with Mobile No. 90 Days Prime access worth Rs999 unlocked for you Claim Now Already a Member? Sign In now
Yahoo
30-04-2025
- Business
- Yahoo
School retirement, tax incentive reductions pass, narrow Nebraska deficit by $136 million
State Sen. Brad von Gillern of Elkhorn, center, flanked by State Sens. Beau Ballard of Lincoln and Mike McDonnell of Omaha. Aug. 20, 2024. (Zach Wendling/Nebraska Examiner) LINCOLN — Lawmakers gave wide final approval Wednesday to two measures designed to shrink the state's looming budget deficit by $136 million. The two bills are Legislative Bill 650, from State Sen. Brad von Gillern of the Elkhorn area, related to trimming business incentives, and LB 645, from State Sen. Beau Ballard of Lincoln, related to scaling back school retirement contributions based on how well funded the pension plan is. LB 650 passed 40-7. LB 645 passed 45-2. LB 650 from von Gillern, who chairs the Legislature's Revenue Committee, would reduce or defund various tax incentives with savings this biennium, including: Buyer-based exemption for construction contractors to purchase materials tax-free if appointed to do so by a client ($12.9 million). Credit for retailers collecting sales taxes (reduced, $11.7 million savings). Renewable Chemical Production Tax Credit Act for local businesses producing renewable chemicals (defunded after 2025, $8.5 million savings). Nebraska Relocation Incentive Act offering tax incentives for relocation expenses (reduced, $8 million savings). Nebraska Advantage Rural Development Act for individuals or companies that increase economic activities intended to benefit rural Nebraska (reduced, $6.8 million savings). Nebraska Biodiesel Tax Credit Act for retail dealers who sell and dispense biodiesel at a taxpayer's retail gas station (reduced, $1 million savings). Creating High Impact Economic Futures (CHIEF) Act for charitable contributions to community assistance or services helping to alleviate areas of chronic economic distress (defunded after 2025, $900,000 savings). Nebraska Shortline Rail Modernization Act to offset railroad infrastructure maintenance and capital improvements for Class III railroads (reduced, $500,000 savings). Food donation income tax credit for grocery stores, restaurants or agricultural producers that donate food to a food bank, food pantry or food rescue (defunded after 2025, $500,000 savings). Cast and Crew Nebraska Act for qualifying film companies, productions and actors (defunded after 2025, $500,000 savings). Reverse Osmosis System Tax Credit Act for the one-time installation of a reverse osmosis system at a taxpayer's primary residence (reduced, $250,000 savings). Urban Redevelopment Act designed to grow small businesses and generate investment in Nebraska's urban cores (defunded after 2025, $101,000 savings). LB 645 from Ballard, who chairs the Legislature's Nebraska Retirement Systems Committee, would reduce annual contributions to the state's school retirement pension plan — for all employees outside Omaha Public Schools, who have a separate retirement plan — depending on the actuarial funding level of the pension plan. The school plan is currently 99.91% funded. The state currently gives 2% of statewide payroll for employees covered under the plan. School employees contribute 9.78% of their monthly payroll, while school districts match that at 9.88% of the eligible employees in their district. Under the amended LB 645, contribution rates would change each July 1 for all three groups depending on whether the plan is: Less than 96% funded (employees 9.75%, employers 9.85%, state 2%). Between 96% and 98% funded (employees 8.75%, employers 8.84%, state 0.7%). Between 98% and 100% funded (employees 8%, employers 8.08%, state 0.7%). 100% funded or more (employees 7.25%, employers 7.32%, state 0%). Multiple senators said the tiered system could offer a 'cushion' in hard economic times. Teachers and other school employees could see an immediate take-home pay increase, and school districts could have a property tax reduction. However, if the plan's funding level falls, closing the gap would fall back to the state, employees and school districts. Ballard, at the urging of State Sen. Danielle Conrad of Lincoln, earlier this week put in language to LB 645 protecting the state's continued contributions of 2% of payroll for Omaha Public Schools employees to the separate district retirement plan each year. That amendment also said it isn't the Legislature's intent to pick up 'any financial responsibility or liability' for the OPS pension, which the state now manages. With the passage of LB 650 and LB 645, and with Gov. Jim Pillen's expected support — he included both measures in his January budget proposal — the state's projected budget deficit would fall by $136 million. The state also would save $187.24 million in the following two-year budget cycle, based on current projections. Lawmakers still would need to find $259.4 million over the next two weeks to balance the budget and meet a statutorily required reserve limit, according to estimates from the Legislative Fiscal Office. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
