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Daily Express
20 hours ago
- Business
- Daily Express
Shocked to be served over RM3,800 in ‘arrears': Former stall trader wants answers
Published on: Tuesday, June 10, 2025 Published on: Tue, Jun 10, 2025 By: Oswald Supi Text Size: An extract from the Notice of Demand. PENAMPANG: A former stall trader at Donggongon vegetable and fruit market was speechless when a Penampang Municipal Council worker was able to locate her at a coffee shop on Sunday to serve a final Notice of Demand for licence fees and rental amounting to RM3,864, purportedly in arrears since March 2018. Helen, 72, from Penampang said she paid her last rental and surrendered stall number 34 in February 2018, and found it outrageous of the Council to claim seven years of unpaid bills. Advertisement She said no notices or claims of any kind were received all those years despite the letter claiming the last notice was served on Jan 10 this year. A former District Officer (DO), when asked, said after three months of unpaid rentals, the stall would be forfeited and given to others. Sub-letting is also not allowed. The ex-DO opined that there are old Council records that were not properly maintained or updated. Subscribe or LOG IN to access this article. Support Independant Journalism Subscribe to Daily Express Malaysia Access to DE E-Paper Access to DE E-Paper Exclusive News Exclusive News Invites to special events Invites to special events Giveaways & Rewards 1-Year Most Popular (Income Tax Deductible) Explore Plans Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Time of India
6 days ago
- General
- Time of India
India Logs 864 New COVID Cases; Active Tally Crosses 4,000, Centre Steps Up Vigil
New Delhi: India is witnessing a renewed surge in COVID-19 cases, with 864 new infections reported in the past 24 hours, bringing the total active caseload to 4,302. While most cases are mild and managed under home care, the spike has prompted the Union Health Ministry to step up surveillance and preparedness across States and Union Territories. Since January 1, 44 deaths have been reported—primarily among individuals with comorbidities—highlighting the continued risk for vulnerable populations. Health authorities are closely tracking Severe Acute Respiratory Illness (SARI) and Influenza-Like Illness (ILI) cases. All SARI patients and a sample of ILI cases are being tested, with positive samples undergoing genome sequencing to detect emerging variants. To bolster readiness, nationwide mock drills assessing oxygen infrastructure and hospital capacity were conducted on June 2, with more planned for June 4 and 5. Officials have urged the public to maintain hand hygiene, wear masks when symptomatic, and avoid crowded spaces. They also advised relying only on official channels such as the MoHFW website and PIB for accurate updates. The Union Health Ministry reiterated its commitment to closely monitor the evolving situation and take timely action to safeguard public health.
Economic Times
7 days ago
- Business
- Economic Times
FPIs exercise caution in Indian IPO market amidst volatility in 2025
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ET Intelligence Group: Foreign portfolio investors (FPIs) are treading cautiously in the domestic primary market amid high market volatility and the slower pace of initial public offerings (IPO), shunning the euphoria of have invested just over $1.8 billion (Rs15,864 crore) in IPOs in the calendar year till May, compared with $4 billion (Rs33,487 crore) in the same period a year calendar 2024, they pumped in a record $14.5 billion (Rs 1.2 lakh crore) as an all-time high of 178 companies raised primary equity through IPOs and qualified institutional placements (QIPs).So far in 2025, 15 companies have launched IPOs, nearly half the 29 that hit the primary market in the year earlier the aggregate ₹27,467 crore raised is almost at par with the ₹27,651 crore raised in the first five months of shows the average IPO size in 2025 so far has nearly doubled from last year. In 2024, over 80 companies had raised nearly ₹1.5 lakh crore through the IPO route, making it a record year for primary fundraising. "Compared with early 2024, FPIs were selling in the secondary market (between October 2024 and March 2025) because of a host of domestic and international uncertainties," said Arka Mookerjee, partner, capital markets, JSA Advocates & Solicitors. "That risk-off sentiment rubbed off on the primary market too."FPIs have become selective in the primary market, he said."In the past month, the primary market has seen FPI activity picking up especially in unique new-age tech companies where valuations are cheap, thanks to the stability in the secondary market. If it continues, foreign investors will be more encouraged to look at IPOs," Mookerjee contrast to the slack in the IPO market, FPIs showed heightened interest in the secondary market in May--their net investment at $2.1 billion was the highest in eight benefitted from the changing stance of foreign investors on emerging markets (EM).In May, emerging markets excluding China saw the largest net inflow since December 2023 of $13 billion, with almost every market in the plus column, noted Macquarie Capital in a report, adding that India, Taiwan and Brazil reported a strong and block deals worth ₹91,600 crore led by stake sales by investors in companies such as ITC and InterGlobe Aviation may have encouraged secondary market FPI line with their foreign counterparts, domestic funds also remained bullish in Indian equities. They invested a net ₹49,108 crore in May compared with ₹18,063 crore in the previous a revival in FPI flows in April and May, their net position in Indian equities remained negative in the first five months of 2025 due to the heavy selling between January and March. FPIs were net sellers to the tune of $10.6 billion (₹92,490 crore) in the first five months of 2025.
Time of India
7 days ago
- Business
- Time of India
FPIs exercise caution in Indian IPO market amidst volatility in 2025
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ET Intelligence Group: Foreign portfolio investors (FPIs) are treading cautiously in the domestic primary market amid high market volatility and the slower pace of initial public offerings (IPO), shunning the euphoria of have invested just over $1.8 billion (Rs15,864 crore) in IPOs in the calendar year till May, compared with $4 billion (Rs33,487 crore) in the same period a year calendar 2024, they pumped in a record $14.5 billion (Rs 1.2 lakh crore) as an all-time high of 178 companies raised primary equity through IPOs and qualified institutional placements (QIPs).So far in 2025, 15 companies have launched IPOs, nearly half the 29 that hit the primary market in the year earlier the aggregate ₹27,467 crore raised is almost at par with the ₹27,651 crore raised in the first five months of shows the average IPO size in 2025 so far has nearly doubled from last year. In 2024, over 80 companies had raised nearly ₹1.5 lakh crore through the IPO route, making it a record year for primary fundraising. "Compared with early 2024, FPIs were selling in the secondary market (between October 2024 and March 2025) because of a host of domestic and international uncertainties," said Arka Mookerjee, partner, capital markets, JSA Advocates & Solicitors. "That risk-off sentiment rubbed off on the primary market too."FPIs have become selective in the primary market, he said."In the past month, the primary market has seen FPI activity picking up especially in unique new-age tech companies where valuations are cheap, thanks to the stability in the secondary market. If it continues, foreign investors will be more encouraged to look at IPOs," Mookerjee contrast to the slack in the IPO market, FPIs showed heightened interest in the secondary market in May--their net investment at $2.1 billion was the highest in eight benefitted from the changing stance of foreign investors on emerging markets (EM).In May, emerging markets excluding China saw the largest net inflow since December 2023 of $13 billion, with almost every market in the plus column, noted Macquarie Capital in a report, adding that India, Taiwan and Brazil reported a strong and block deals worth ₹91,600 crore led by stake sales by investors in companies such as ITC and InterGlobe Aviation may have encouraged secondary market FPI line with their foreign counterparts, domestic funds also remained bullish in Indian equities. They invested a net ₹49,108 crore in May compared with ₹18,063 crore in the previous a revival in FPI flows in April and May, their net position in Indian equities remained negative in the first five months of 2025 due to the heavy selling between January and March. FPIs were net sellers to the tune of $10.6 billion (₹92,490 crore) in the first five months of 2025.
Daily Express
14-05-2025
- Business
- Daily Express
Shafie voices concern over heavy reliance on oil and gas
Published on: Thursday, May 15, 2025 Published on: Thu, May 15, 2025 Text Size: 'If prices stay low, Sabah could lose hundreds of millions in revenue which is enough to wipe out the projected RM24 million surplus and push the state budget into a deficit,' Shafie said. Kota Kinabalu: Warisan President Datuk Seri Mohd Shafie Apdal expressed concern about Sabah's heavy reliance on oil and gas revenue, which accounts for over 40 per cent of projected income. 'The State Government's calculations are based on an oil price of USD76 per barrel, but current prices hover around USD60. 'If prices stay low, Sabah could lose hundreds of millions in revenue which is enough to wipe out the projected RM24 million surplus and push the state budget into a deficit,' he said. He also noted the State's alarming unemployment rate of 7.9 per cent in the third quarter of 2024 (highest in Malaysia) representing over 170,000 jobless Sabahans. 'We want to work together with the rakyat to save Sabah so our children can inherit a future filled with hope and a Sabah we can all be proud of,' he said in a statement, Wednesday. He accused the Gabungan Rakyat Sabah (GRS) Government of mismanaging the State's record RM6.4 billion budget for 2025, claiming it has failed to address the fundamental issues facing Sabahans. Shafie said despite having a budget twice the size of Selangor's and six times larger than Penang's, Sabah remains the poorest state in Malaysia. 'Despite the record budget, Sabah remains the poorest state in Malaysia. Eight out of the 10 poorest districts in the entire country are in Sabah,' he said. 'If the economy is really growing as GRS claims, why are people still struggling to find jobs?' he said. He said employed Sabahans continue to face wage stagnation with median monthly earnings increasing by just RM18 from RM1,864 in Q1 2023, while food prices remain the highest nationwide. Shafie said half of Sabah's workers earn less than RM2,000 a month. He also raised concerns about child welfare in Sabah, pointing out that one in four Sabahan children under five is stunted, the highest rate in Malaysia. 'This reflects a failure in nutrition, rural healthcare and education. The GRS government has failed to plan for the next generation,' he said. He also expressed concern over recent corruption cases in the education sector, including a school principal in Kudat charged with making false claims amounting to RM85, 000 and two education officers remanded for allegedly receiving bribes tied to school maintenance contracts worth over RM600,000. 'These cases reflect a failure in governance. The Malaysian Anti-Corruption Commission has repeatedly reported misuse of funds and false claims in Sabah's education system but GRS has done little to fix the system or hold those in power accountable,' he said. Additionally, he criticised the State Government for what he described as wasteful spending on publicity events while neglecting essential infrastructure and services. 'All across Sabah, we see and experience water cuts and murky supply, frequent electricity outages disrupting homes and businesses, crumbling roads riddled with potholes that isolate rural communities and skyrocketing prices of basic goods that continue to hike the cost of living.' * 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
