Latest news with #Guthrie
Sinar Daily
4 days ago
- Business
- Sinar Daily
SD Guthrie achieves strong first half with RM1.07 billion net profit
SHAH ALAM - SD Guthrie Berhad delivered a strong performance for the first half of FY2025, reporting a net profit of RM1.07 billion, a 71 per cent year-on-year (YoY) increase from RM626 million in the same period last year. For the second quarter alone, net profit rose 22 per cent to RM505 million. The Group's outstanding results were largely driven by its Upstream segment, which saw profits double on the back of stronger average realised prices for crude palm oil (CPO) and palm kernel (PK), up three per cent and 50 per cent YoY respectively. Fresh fruit bunch (FFB) production also rose by four per cent, with growth recorded across all regions. In contrast, the Downstream segment, SD Guthrie International (SDGI), recorded a 44 per cent decline in profit before interest and tax (PBIT) in 2Q FY2025, impacted by weaker demand and tighter margins in Asia Pacific and Europe. However, its Oceania operations achieved solid performance, supported by higher sales and improved margins. SD Guthrie stays focused on long-term growth. Following a strong first half, SD Guthrie is staying focused on long-term growth despite global uncertainties. Its chairman, Tan Sri Dr Nik Norzrul Thani, said that continued progress in the Group's operational excellence, as well as growing momentum in its new Industrial Development and Renewables segments, will help future-proof the business. 'Moving into second half of FY2025, the global economic and operating environment remains volatile and unpredictable. As such, the meaningful progress made in our operational excellence initiatives, and the steady uptick in activities within the new Industrial Development segment and continuous progress made in the Renewables sector, will help to future proof the Group. "I am pleased with Guthrie's momentum and am confident that our disciplined approach to driving measurable results will deliver long-term and sustainable value to shareholders,' he said in a statement. Meanwhile, Group Managing Director Datuk Mohamad Helmy Othman Basha said that the Group's solid results reflect the strength of its strategy and execution. As Guthrie expands into new growth areas, including national development-linked projects, it remains committed to responsible collaboration. 'The Group's performance in this period bears testament to our robust strategy and disciplined execution, as we continue to prioritise operational excellence. Even as our core business segments regain momentum, the new and expanded strategic focus to pursue broader growth initiatives is starting to take shape. "As we expand into our new pillars on the back of the national development agenda, we are committed to ensuring the collaborations on our land are well-strategised and take into consideration the development potential of the area and also the impact to surrounding communities. "The recent Memorandum of Understanding (MoU) with Permodalan Negeri Selangor Berhad (PNSB) to co-develop a Food Security and Edu-Tech Hub on Carey Island is a prime example of our commitment. "Here the focus is not only to stimulate economic growth on the island, but also to ensure the existing community and rich heritage are protected. Guthrie values opportunities to be involved in such meaningful developments,' he said. SD Guthrie is committed to responsible collaboration. After a strong first half of 2025, SD Guthrie is preparing for a more uncertain second half. The Group expects higher fresh fruit bunch (FFB) production, thanks to better weather and improved productivity across its plantations in Malaysia, Indonesia, Papua New Guinea, and the Solomon Islands. With new business areas gaining momentum, SD Guthrie is confident it can stay strong and grow, even as market conditions remain challenging.
The Star
04-08-2025
- Business
- The Star
Corporate Smart Internship programme helped 7,051 parolees find jobs, says Saifuddin
KUALA LUMPUR: A total of 7,051 parolees undergoing rehabilitation through the Corporate Smart Internship (CSI) programme have secured job offers across five key sectors, according to Home Minister Datuk Seri Saifuddin Nasution Ismail. He highlighted that 789 companies are collaborating with the Prisons Department to support the initiative, which aims to reintegrate inmates, referred to as 'prospects', into the workforce via parole, licensed release schemes, or Henry Gurney rehabilitation programmes. "Whether released through parole or other supervised schemes, we call them 'prospects', not convicts. They are now outside the prison walls, employed and contributing," he stated in the Dewan Rakyat on Monday (Aug 4). The job opportunities span the services, plantation, manufacturing, agriculture, and construction sectors. Saifuddin is confident that the number of prospects placed in jobs could soon rise to 8,500, with Guthrie (SD Guthrie Bhd) agreeing to accommodate an additional 644 candidates. "Guthrie not only hires them but also trains them, issues harvesting certificates, and pays them a proper wage," he mentioned, adding that Shopee is expected to take on up to 350 prospects. Addressing concerns about public and employer perceptions, Saifuddin stressed the importance of ongoing engagement to change mindsets and reduce stigma. "The prison is no longer merely a place of punishment. It's a teaching factory for work-based learning. We provide TVET (Technical and Vocational Education and Training) in 35 institutions within our prison system," he explained. Saifuddin was responding to V. Sivakumar (PH–Batu Gajah) regarding the effectiveness of the parole programme from 2024 to June 2025. The training encompasses six core fields: food preparation, services, manufacturing, textiles, agriculture/plantation, and animal husbandry. According to Saifuddin, 19,361 inmates have completed TVET programmes and obtained certifications recognised by the Department of Skills Development (JPK) and the Construction Industry Development Board (CIDB) as of 2024.
New Straits Times
04-08-2025
- Business
- New Straits Times
Prisons Dept liaising with 789 groups to provide jobs for parolees
KUALA LUMPUR: The Prisons Department is working with 789 organisations to provide job placements for 7,051 parolees across five main sectors, as part of its rehabilitation efforts. Home Minister Datuk Seri Saifuddin Nasution Ismail said the initiative, under the Corporate Smart Internship programme, aims to secure employment and support the reintegration of former inmates into society. He said these individuals were employed in sectors such as services, plantations, manufacturing, agriculture and construction. "We are confident we can increase this number to 8,500 soon, as Guthrie (SD Guthrie Bhd) has agreed to take on another 644 prospects. "Guthrie is not only hiring them, but also providing training and issuing harvesting certificates, as well as paying wages. Shopee, too, will be hiring 350 prospects," he said. Saifuddin was responding to V. Sivakumar (PH–Batu Gajah) on the effectiveness of the parole programme from 2024 to June 2025. Saifuddin said the Prisons Department also operates 35 Technical and Vocational Education and Training (TVET) centres to equip inmates with skills before release. "As of 2024, a significant number of individuals, 19,361, have successfully obtained skill and TVET certificates. "While they are still prospects awaiting their release, we train them so they go out with valuable skills. This helps prevent them from falling back into crime and facing societal stigma, and reduces recidivism rates. "For every 800 individuals released, only one reoffends and returns to prison," he added.
Yahoo
02-08-2025
- Business
- Yahoo
Big expansion planned for Lazy E Arena in 2026
GUTHRIE, Okla. (KFOR) — There are some big changes in the works for the Lazy E Ranch and Arena in Guthrie! It's known for bull riding and rodeos, but get ready, because it's about to get even bigger. 'Since the Lazy E opened in 1984, we've been one of the premier event facilities in the nation,' said Dan Wall, the Vice President and General Manager of the Lazy E Ranch and Arena. It's been a Guthrie staple for four decades and it's been home to all sorts of events, but as time goes on, a new expansion is on the horizon. 'As times change, the industry has grown, the demands of our events that call lazy e home have grown and changed,' said Wall. LOCAL NEWS: Bedlam basketball returns to Paycom Center Plans to expand were talked about a year and a half ago. 'We needed to add some additional infrastructure to keep those events up to speed,' said Wall. One of the major projects is the new 30,000-square-foot event center. They're also building a new covered arena, upgraded animal stalls, and revamped bathrooms. Wall said all of this will bring the opportunity to host bigger events at the Lazy E Ranch and Arena. 'The new venue will allow for big commercial trade shows, horse sales, and the new arena will allow us to have more action going on at the same time,' said Wall. Since 1984, the Lazy E has catered to the community and is also a huge economic driver to the Edmond and Guthrie area. 'We produce 42 to 44 events a year. The aggregate of all of those events, the economic impact would be in the hundreds of millions of dollars,' said Wall. Construction is expected to be ready for use by January. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Miami Herald
30-07-2025
- Politics
- Miami Herald
DeSantis says all Alligator Alcatraz detainees have removal orders. Is that true?
In press conferences and on TV, top Florida officials have repeatedly said that everyone detained at Alligator Alcatraz has been ordered by a judge to be removed from the country. 'Everybody in this facility is on a final removal order,' Kevin Guthrie, the head of the Florida Division of Emergency Management, which oversees operations at the detention center, told reporters on Friday. But attorneys representing immigrants detained at the center say that's not true. Anna Weiser, immigration attorney at Smith and Eulo Law, said she has only had one client at Alligator Alcatraz with a final removal order so far — he was sent to the Bahamas a few days after his arrival at the facility. Three others, including one who's mentioned in a lawsuit against the state and the Department of Homeland Security for a lack of attorney access at the site, do not. One Weiser client has an immigration hearing scheduled for 2026. Another has a student visa, and was detained after he was charged with selling marijuana to a minor. The one mentioned in the lawsuit, Gonzalo Valdez, has a green card — he came to the U.S. from Cuba legally when he was six. He was on a routine probation visit after being convicted of racketeering when he was detained. None have had a final removal order stamped by an immigration judge, Weiser said. 'We have checked,' Weiser said. 'That's part of our strategy. If somebody has a final order of removal, we're going to handle the case differently than people who do not.' The Florida Division of Emergency Management did not respond to questions about Guthrie and DeSantis' comments, nor did it comment on attorneys' statements about their clients' immigration status. A final order of deportation is issued by a judge after a finding that an immigrant does not have a legal right to remain in the United States. The order directs immigration officials to remove the immigrant, though it can be appealed. It's not uncommon for a person with a final deportation order to remain in the country for months, or even years. During a Friday press conference at the facility, Gov. Ron DeSantis and Guthrie firmly doubled down on the idea that all detainees have removal orders. Republican officials like Florida House Speaker Danny Perez and newly appointed CFO Blaise Ingoglia have repeated the same. The assertions by DeSantis officials and lawmakers come as lawyers say the DeSantis administration and Trump's Department of Homeland Security are holding immigrants at the detention camp without access to the federal courts system. Magdalena Cuprys, who says only two of her seven clients at the site have final orders of removal, said the DeSantis administration could be trying to get ahead of complaints about access to legal services and the lack of an immigration court. Reopening a closed immigration case requires an attorney to file with the court that ruled on it, not with the detention center's immigration court, she said. 'If they say that everyone has a final deportation order, in theory, they have no right to a bond hearing,' Cuprys said. 'And there's no need for a court.' Three out of the four plaintiffs who are detainees in the attorney access lawsuit do not have final removal orders, said Eunice Cho, senior counsel at the American Civil Liberties Union, which is representing those plaintiffs. One has a pending green card petition, one has a pending asylum case and one is a Cuban national appealing a rejection of adjusting his citizenship under the Cuban Adjustment Act. The statements that every person taken to Alligator Alcatraz has a final removal order are false, Cho said. 'It's very surprising that the government is making that significant of a misrepresentation about who's being held at the facility,' Cho said.
