Latest news with #ELS
New Straits Times
2 days ago
- Business
- New Straits Times
Perkeso saves RM49 million from fraud investigations since 2020
KUALA LUMPUR: A total of nearly RM49 million in social security funds has been successfully saved since 2020 as a result of investigations by the Social Security Organisation (Perkeso) into fraud cases. Human Resources Minister Steven Sim Chee Keong said that from that period until April this year, 679 cases involving elements of fraud were actively investigated, including the Temporary Disablement Benefit Scheme (FHUS), Permanent Disablement Benefit Scheme (FHUK), the Invalidity Scheme and Health Screening Programme (HSP). "This success was achieved as a result of investigations leading to the suspension of 383 cases or 56.5 per cent of the total investigated, reflecting that strict governance and management can have a significant impact on system efficiency," he said. He said this while delivering the keynote address at the opening of the Seminar on Fraud, Evasion and Error in Social Security and Insurance Claims, organised by Perkeso in collaboration with the American Board of Independent Medical Examiners (ABIME), here today. Also present were Perkeso chairman Datuk Seri Subahan Kamal and group chief executive officer Datuk Seri Dr Mohammed Azman Aziz Mohammed, as well as ABIME president and founder Prof Dr Mohammed Ranavaya. Commenting further, Sim said that benefit fraud, however, remains a challenge as losses amounting to RM2.1 million were recorded throughout 2024 due to unauthorised claims. "In the ongoing effort to curb fund leakage, Perkeso is also reviewing the Constant Attendance Allowance (ELS) to ensure the eligibility of recipients is continuously verified. "Throughout the period from 2020 to April this year, a total of 509 ELS cases were reviewed, with 117 cases or 22.9 per cent recommended for suspension, resulting in the long-term saving of social security funds amounting to over RM12.2 million," he said. According to him, the challenge of fraud, which is now global and driven by labour mobility and cross-border services, requires Malaysia to adopt a comprehensive prevention framework that includes legal reforms, strict enforcement, digital innovation and transparent communication. Meanwhile, Sim also announced Dr. Mohammed Azman as the recipient of The Lifetime Fellowship of the American College of Independent Medical Examiners (FACIME) and Master Certified Independent Medical Examiner to recognise his contributions in the field of disability medicine and occupational health. "This award is not only an honour to Datuk Sri Dr Mohammed Azman and Perkeso but also a recognition for the Human Resources Ministry and Malaysia, showing that local professionals are capable of achieving the highest recognition at the international level," he also said. FACIME is the highest qualification in the Field of Disability Medicine, awarded only to those who have reached the highest level of knowledge, skills, and abilities as a quality Independent Medical Examiner.
Yahoo
6 days ago
- Business
- Yahoo
Barclays Initiates Coverage of Equity LifeStyle Properties (ELS) with $70 Price Target
Barclays began coverage on Equity LifeStyle Properties, Inc. (NYSE:ELS) on May 29, 2025, setting the target price at $70. The firm also set an Equal Weight rating on the stock. In a research note, the firm said that its assessment is premised on expectations that Equity LifeStyle Properties' core annual Recreational Vehicle (RV) and Manufactured Housing (MH) businesses will remain stable. The analysts also anticipate that the company's non-core segments will play a major role in strengthening its projected future funds from operations. Equity LifeStyle's Non-Core business consists of Camping Memberships, Expansion/Development Net Operating Income (NOI), and Home Sales. An experienced banker offering consultation to a customer on commercial real estate loans. According to Barclays' projections, certain aspects of Equity LifeStyle Properties' business, including Home Sales, RV Transient, and Campground Memberships, will have stabilized by 2026 after experiencing year-over-year declines. However, the firm expects no growth in RV Transient/Seasonal revenue for 2026, with a slight increase in 2027. Be that as it may, Equity LifeStyle Properties financial performance in Q1 2025 was robust. The company's net operating income jumped by 3.8%, and normalized funds from operations per share rose by 6.7%. Most crucially, the company's MH portfolio, which comprises approximately 60% of total revenue, maintains a solid 94% occupancy rate. Equity LifeStyle Properties, Inc. is a real estate investment trust (REIT). The REIT owns and operates manufactured home communities, RV resorts, and campgrounds in North America. Its portfolio includes premium locations in desirable housing markets and vacation destinations. While we acknowledge the potential of Equity LifeStyle Properties, Inc. (NYSE:ELS) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ELS and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Barclays Initiates Coverage of Equity LifeStyle Properties (ELS) with $70 Price Target
Barclays began coverage on Equity LifeStyle Properties, Inc. (NYSE:ELS) on May 29, 2025, setting the target price at $70. The firm also set an Equal Weight rating on the stock. In a research note, the firm said that its assessment is premised on expectations that Equity LifeStyle Properties' core annual Recreational Vehicle (RV) and Manufactured Housing (MH) businesses will remain stable. The analysts also anticipate that the company's non-core segments will play a major role in strengthening its projected future funds from operations. Equity LifeStyle's Non-Core business consists of Camping Memberships, Expansion/Development Net Operating Income (NOI), and Home Sales. An experienced banker offering consultation to a customer on commercial real estate loans. According to Barclays' projections, certain aspects of Equity LifeStyle Properties' business, including Home Sales, RV Transient, and Campground Memberships, will have stabilized by 2026 after experiencing year-over-year declines. However, the firm expects no growth in RV Transient/Seasonal revenue for 2026, with a slight increase in 2027. Be that as it may, Equity LifeStyle Properties financial performance in Q1 2025 was robust. The company's net operating income jumped by 3.8%, and normalized funds from operations per share rose by 6.7%. Most crucially, the company's MH portfolio, which comprises approximately 60% of total revenue, maintains a solid 94% occupancy rate. Equity LifeStyle Properties, Inc. is a real estate investment trust (REIT). The REIT owns and operates manufactured home communities, RV resorts, and campgrounds in North America. Its portfolio includes premium locations in desirable housing markets and vacation destinations. While we acknowledge the potential of Equity LifeStyle Properties, Inc. (NYSE:ELS) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ELS and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and. Disclosure: None. Sign in to access your portfolio
Hans India
19-05-2025
- Automotive
- Hans India
ELS get upgraded with innovative, crew-friendly modifications
Visakhapatnam: Electrical Loco Shed (ELS), Visakhapatnam, has introduced a series of innovative, crew-friendly modifications in WAP7 locomotive (37419), setting a new benchmark in operational excellence and crew comfort. Retrofitted crew desk, enhanced cab AC ducting, ventilated and improved seats, superior seating for enhanced driving comfort, motor-operated side window shutters, caution order display, rear view camera, anti-slip flooring with radium stickers, driver tool box, adjustable cab spot lights are some of the key feature improvements made to the loco engine. The upgraded locomotive was ceremoniously flagged off by Divisional Railway Manager (DRM), Waltair, Lalit Bohra at Electric Loco Shed, Visakhapatnam. Recognising the dedication and innovation demonstrated by the ELS, VSKP team, DRM has announced a cash award of Rs 5,000. Speaking on the occasion, Lalit Bohra said, 'These modifications reflect our commitment to crew welfare and operational excellence. I congratulate the team for their innovative approach and wish them success at the All India Electric Loco Cab Competition.' Launched under the guidance of senior divisional electrical engineer B Shanmukha Rao, these enhancements have been carried out as part of the ELS/VSKP's entry into the 'All India Electric Loco Cab Competition' to be held at Banaras Locomotive Works (BLW).
The Hindu
18-05-2025
- Automotive
- The Hindu
Visakhapatnam Electric Loco Shed introduces crew-friendly enhancements in WAP7 locomotive
Electric Loco Shed, Visakhapatnam, (ELS Viskahapatnam), has introduced a series of innovative, crew-friendly modifications in WAP7 locomotive 37419, setting a new benchmark in operational excellence and crew comfort under the guidance of Senior Divisional Electrical Engineer (ELS) B. Shanmukha Rao. These enhancements have been carried out as part of ELS/Visakhapatnam's entry into the prestigious All India Electric Loco Cab Competition, to be held at Banaras Locomotive Works (BLW). A retrofitted Crew Desk, enhanced Cab AC Ducting, Ventilated & Improved Seats, Superior seating for enhanced driving comfort, Motor-Operated Side Window Shutters, Caution Order Display, Rear View Camera, Anti-Slip Flooring with Radium Stickers, Driver Tool Box, Adjustable Cab Spot Lights are some of the key feature improvements made to the Loco Engine. The upgraded locomotive was flagged off by Lalit Bohra, Divisional Railway Manager (DRM), Waltair, at Electric Loco Shed, Visakhapatnam. Recognising the dedication and innovation demonstrated by the ELS team, the DRM has announced a cash award of ₹5,000. Speaking on the occasion, Mr. Lalit Bohra said: 'These modifications reflect our commitment to crew welfare and operational excellence. I congratulate the team for their innovative approach and wish them success at the All India Electric Loco Cab Competition.'
