Latest news with #IspireTechnology
Daily Express
3 days ago
- Business
- Daily Express
Letting US-based firm make e-cigarettes in Johor ‘a huge mistake', says expert
Published on: Wednesday, June 04, 2025 Published on: Wed, Jun 04, 2025 By: Anne Muhammad, FMT Text Size: Ispire Technology Inc claimed to be the only company fully authorised to manufacture, import, and export nicotine products in Malaysia, and said it could start operations immediately. (LinkedIn pic) PETALING JAYA: A health expert has criticised the move to grant a US-based company licence to manufacture electronic cigarette devices with nicotine-based liquids or gels in Johor, describing it as 'a huge mistake'. Dr Zainal Ariffin Omar said the green light for Ispire Technology Inc would give the impression that the government endorsed the vape industry. He said this was at odds with its efforts to curb smoking, especially among the youth. 'It is a huge misstep by the government, and now they are in damage control mode,' he told FMT, referring to the health ministry's assurance that nicotine-based vape liquids remain tightly regulated. 'Malaysia aims to become a tobacco-free nation by 2040, but this licence is inconsistent with its goal.' Health think tank CodeBlue recently reported that Ispire Technology, which operates a facility in Senai, Johor, had its interim licence approved last month by both federal and state authorities. The company claimed to be the only one fully authorised to manufacture, import, and export nicotine products in Malaysia, and said it could start operations immediately. The health ministry subsequently said that nicotine-based vape liquids remained tightly regulated under the Control of Smoking Products for Public Health Act 2024 (Act 852), despite their approval for sale in Malaysia. The ministry said these products fell under the category of 'smoking products', under Section 2 of Act 852 which covers any substances used for smoking including nicotine, propylene glycol, glycerol, and triethylene glycol. It also said that the manufacturing licence was issued by the investment, trade and industry ministry through the Malaysian Investment Development Authority, under the Industrial Coordination Act 1975. The Federation of Malaysian Consumers Associations (Fomca) agreed that granting Ispire Technology a licence would send mixed signals. Fomca CEO T Saravanan said it would give the impression that the product was safe for consumption despite the lack of evidence that vape is a healthier alternative to smoking. He added that public health should not take a back seat to the vape industry. 'If the government is really committed to protecting the younger generation from nicotine addiction, they should bar manufacturers from selling the product in the local market,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * 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
Free Malaysia Today
3 days ago
- Business
- Free Malaysia Today
Letting US-based firm make e-cigarettes in Johor ‘a huge mistake', says expert
Ispire Technology Inc claimed to be the only company fully authorised to manufacture, import, and export nicotine products in Malaysia, and said it could start operations immediately. (LinkedIn pic) PETALING JAYA : A health expert has criticised the move to grant a US-based company licence to manufacture electronic cigarette devices with nicotine-based liquids or gels in Johor, describing it as 'a huge mistake'. Dr Zainal Ariffin Omar said the green light for Ispire Technology Inc would give the impression that the government endorsed the vape industry. He said this was at odds with its efforts to curb smoking, especially among the youth. 'It is a huge misstep by the government, and now they are in damage control mode,' he told FMT, referring to the health ministry's assurance that nicotine-based vape liquids remain tightly regulated. 'Malaysia aims to become a tobacco-free nation by 2040, but this licence is inconsistent with its goal.' Health think tank CodeBlue recently reported that Ispire Technology, which operates a facility in Senai, Johor, had its interim licence approved last month by both federal and state authorities. The company claimed to be the only one fully authorised to manufacture, import, and export nicotine products in Malaysia, and said it could start operations immediately. The health ministry subsequently said that nicotine-based vape liquids remained tightly regulated under the Control of Smoking Products for Public Health Act 2024 (Act 852), despite their approval for sale in Malaysia. The ministry said these products fell under the category of 'smoking products', under Section 2 of Act 852 which covers any substances used for smoking including nicotine, propylene glycol, glycerol, and triethylene glycol. It also said that the manufacturing licence was issued by the investment, trade and industry ministry through the Malaysian Investment Development Authority, under the Industrial Coordination Act 1975. The Federation of Malaysian Consumers Associations (Fomca) agreed that granting Ispire Technology a licence would send mixed signals. Fomca CEO T Saravanan said it would give the impression that the product was safe for consumption despite the lack of evidence that vape is a healthier alternative to smoking. He added that public health should not take a back seat to the vape industry. 'If the government is really committed to protecting the younger generation from nicotine addiction, they should bar manufacturers from selling the product in the local market,' he said.
Free Malaysia Today
5 days ago
- Business
- Free Malaysia Today
Vape liquids still tightly regulated despite manufacturing licence
It was reported that a company was granted an interim licence to manufacture electronic cigarette devices containing nicotine-based liquids or gels. (Bernama pic) PETALING JAYA : The health ministry has given an assurance that nicotine-based vape liquids remain tightly regulated under the Control of Smoking Products for Public Health Act 2024 (Act 852), despite being allowed to be sold in Malaysia. The ministry said these products fall under the category of 'smoking products', under Section 2 of Act 852, which covers any substances used for smoking, including nicotine, propylene glycol, glycerol, and triethylene glycol. 'Therefore, this smoking substance is considered a smoking product that is allowed to be traded in the local market but is strictly regulated under Act 852 along with its subsidiary regulations and orders,' it said in a statement today. This clarification comes after a report about a company being granted an interim licence to manufacture electronic cigarette devices with nicotine-based liquids or gels. Health think tank, CodeBlue reported that US-based Ispire Technology Inc, which operates a facility in Senai, Johor, had its license approved this month by both federal and Johor authorities. The company claims to be the only one fully authorised to manufacture, import, and export nicotine products in Malaysia, and says it can start operations immediately. The health ministry also clarified that the manufacturing licence was issued by the investment, trade and industry ministry through the Malaysian Investment Development Authority, under the Industrial Coordination Act 1975. Local authorities may also issue such licences under their respective licensing by-laws, it said. 'However, the import, manufacture, and distribution of vape liquids in Malaysia are controlled under Act 852,' it said. The ministry said enforcement is a collective effort involving other government bodies, including the customs department and Sirim. It said its enforcement approach aligns with the government's Madani values, focussing on sustainability and public wellbeing. 'The health ministry will continue to ensure that there is no compromise in any aspect related to healthcare services for the people of this country, especially concerning the use of medical substances,' it said.
Rakyat Post
28-05-2025
- Business
- Rakyat Post
US-Based Ispire Technology Will Produce Nicotine Products In Johor, Where These Products Are Banned?
Subscribe to our FREE A US-based cannabis vaping and e-cigarette company, Ispire Technology Inc, announced that they received an ' They claimed that this is the 'first and only nicotine manufacturing license issued in Malaysia' that's approved by both the Federal and State authorities. In a release, the company claimed the license fully authorises Ispire Technology to 'export, import, and produce nicotine products'. Strangely, the company's Malaysian subsidiary will be based in Johor where vape and e-cigarette sales are The news of a foreign company setting up a nicotine manufacturing plant drew criticism from the online public. A user wondered what happened to all the campaigning done for the Generational Endgame (GEG) law while another person questioned why the company was allowed to set up its base here. There have been reports about school children getting addicted to vape and e-cigarette products as well as reports of Some felt the health of citizens were not taken into consideration or protected. Meanwhile, others said it felt like betrayal because the government allegedly banned local vape shops but turned around to let Ispire Technology mass produce similar products to be sold on a large scale. READ MORE: READ MORE: READ MORE: PPPKAM responds In light of this news, the Malaysian Association of Public Health Physicians (PPPKAM) PPPKAM believes the move will affect the public's health if the products are marketed in the country. The association also feel it will affect Malaysia's image and reputation on the international level for being seen as complicit in the production and distribution of nicotine products with no regard for the health of the public. PPPKAM maintains that nicotine is an addictive substance which negatively impacts brain development especially among teenagers and increases health risks such as heart disease, stroke, and other health complications. Additionally, the move goes against the Control of Smoking Products for Public Health 2024 (Act 852) which was enacted to tighten control over products containing nicotine to protect public health, especially vulnerable groups such as children and teenagers. PPPKAM hopes the government will review the decision to issue the interim license and consider the long term implications towards public health and the country's reputation. Sooooooooooo. GEG apa cite? — hakikat (@Beberuruang) — Leonard Devasagayam Pillai (@PillaiLeonard) Hidup madani ini la pelaburan billion2 yg dibawa 😆. Tutup local vape, open international kaki pusing sapa la vote kerajaan kaki pusing ni — 🇲🇾 🇵🇸 Random things (@thinkermind_) Pengkhianatan terang terangan. Yeye nak ban vape sana sini pung pang pung pang bagi orang luar (siap ada rekod guna dadah kanabis) bukak kilang kat sini. — Jimbo (@Jimbo7375373576) Betul ke ni YAB Dato — Amirul 🇲🇾 🇵🇸 (@amirulimananuar) Aku tak paham betullah, kau suruh negeri negeri haramkan vape and tup tup syarikat US dapat lesen pertama di Malaysia untuk produce product vape. So sebenarnya nak bagi laluan industri vape ke syarikat luar, bukanlah sebab kesihatan pun. Kan? — Ikhwan (@JatIkhwan) Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Yahoo
10-05-2025
- Business
- Yahoo
Ispire Technology Inc. (ISPR) Reports Q3 Loss, Lags Revenue Estimates
Ispire Technology Inc. (ISPR) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -58.33%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.14, delivering a surprise of -100%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Ispire Technology Inc. , which belongs to the Zacks Technology Services industry, posted revenues of $26.19 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 17.64%. This compares to year-ago revenues of $30.02 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ispire Technology Inc. Shares have lost about 42.4% since the beginning of the year versus the S&P 500's decline of -3.7%. While Ispire Technology Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ispire Technology Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.08 on $45.2 million in revenues for the coming quarter and -$0.44 on $158.2 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Fathom Holdings (FTHM), is yet to report results for the quarter ended March 2025. The results are expected to be released on May 13. This company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +58.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Fathom Holdings' revenues are expected to be $83.04 million, up 17.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ispire Technology Inc. (ISPR) : Free Stock Analysis Report Fathom Holdings Inc. (FTHM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
