Latest news with #MVS
The Star
a day ago
- Business
- The Star
Vitrox's core businesses record double-digit revenue growth in 2Q
KUALA LUMPUR: Vitrox Corp Bhd 's bottom line remained flat in the second quarter ended June 30, 2025 (2QFY25), despite a 33.4% year-on-year (y-o-y) jump in revenue due to foreign exchange losses. During the quarter, the group posted net profit of RM28.13mil, eking out a slight gain over RM28.1mil in the year-ago quarter. Revenue climbed to RM183.04mil from RM137.2mil in the comparative quarter as its core businesses - automated board inspection (ABI) and machine vision system (MVS) - registered double-digit growth. ABI remained the largest contributor, while MVS benefited from stronger shipments of tray-handlers and vision systems, the group said in its filing with the stock exchange. Over the six-month period, however, the group's net profit rose to RM52.29mil from RM45.33mil in 1HFY24 while revenue rose to RM324.16mil from RM256.81mil in the previous comparative period. According to the group's outlook, the global semiconductor market is expected to regain strong momentum in the second half of 2025, supported by growing demand in AI infrastructure, 5G-enabled devices, electric vehicles, and advanced medical technologies. "The group remains cautiously positioned to benefit from the anticipated demand recovery. "Ongoing, disciplined R&D investment will help us stay technologically relevant, but exchange-rate volatility, higher reciprocal tariffs to the USA, and component shortages could weigh on near-term margins. We will therefore manage costs prudently and capture emerging opportunities," it said.
New Indian Express
2 days ago
- Politics
- New Indian Express
MIS for mangoes too late: YSRCP
VIJAYAWADA: YSRCP Farmers' Wing president MVS Nagi Reddy on Tuesday accused the coalition government of failing mango farmers, slamming Union Minister of State for Rural Development and Communications Pemmasani Chandrasekhar, and State Agriculture Minister K Atchannaidu for misleading claims of support. He highlighted that since May 10, mango farmers had faced price slump without the State intervention, while neighbouring Karnataka secured a Central deal on June 21 to procure mangoes at Rs 16 per kg. In contrast, the Andhra Pradesh's government acted only on July 21, post-season, offering a mere Rs 14.9 per kg against last year's Rs 25-29 per kg, with a meagre Rs 1.84 per kg subsidy. He questioned the Market Intervention Scheme relevance now as most of the crop was already sold, accusing the TDP-led NDA government of political posturing. He mentioned that only 1.62 lakh tonnes of the State's 6.5 lakh tonnes of mango produce was targeted for procurement, too late to benefit farmers. Juice factories, closed until June 10, ignored the announced Rs 12 per kg price, and the promised Rs 4 per kg subsidy remains unpaid. Nagi Reddy termed the NDA government's actions deplorable, accusing it of distorting facts for propaganda, and betraying farmers.
New Straits Times
6 days ago
- Business
- New Straits Times
Infomina, Geolytik to advance digitalisation of property valuation, financing
KUALA LUMPUR: Infomina Bhd has partnered with Geolytik Tech Sdn Bhd to form a joint venture called Infomina Geolytik Sdn Bhd to advance the digitalisation of property valuation and financing in Malaysia. The initiative also seeks to promote greater transparency, efficiency and trust within the industry. Central to the collaboration is the ValuationXchange platform, which is endorsed by PEPS Ventures Bhd. The platform is designed to strengthen compliance with the Malaysian Valuation Standards (MVS) among all stakeholders in the sector. According to Infomina, ValuationXchange provides a secure, tamper-proof platform that enhances transparency and minimises the risk of valuation manipulation during the loan approval process, fostering trust and accountability among all involved parties. "Through ValuationXchange, real estate agencies can pre-validate buyer credentials before submission to banks. This reduces loan application rejections and speeds up approval processes," it added. The company said the initiative aligns with Bank Negara Malaysia's efforts to drive digital transformation in the financial services sector and supports the MyDigital blueprint's vision of establishing Malaysia as a digitally driven, innovation-focused economy. Infomina chief executive officer and managing director Yee Chee Meng said ValuationXchange brings together valuers, real estate agents and banks within a unified digital ecosystem, allowing for quicker, more precise and regulation-compliant results. "The market is calling for greater transparency and efficiency in how property valuations are conducted and applied in financing decisions," he said.
Time of India
25-06-2025
- General
- Time of India
State eyes to achieve Jal Jeevan mission target by '28, over 34 lakh rural homes get tap water
1 2 Ranchi: With over 34.4 lakh rural households now receiving water through taps, Jharkhand is steadily progressing in implementing the Jal Jeevan Mission, a Union govt initiative launched in August 2019 to provide functional tap water connections (FHTCs) to every rural home, school, and anganwadi centre. The state aims to complete the project by December 2028, and senior officials say the ongoing gaps are being actively addressed through tighter monitoring and district-level efforts. On Wednesday, chief secretary Alka Tiwari reviewed the mission's progress with all deputy commissioners (DCs) via video conferencing and asked them to take proactive ownership of the mission's implementation. "Every DC must lead from the front to ensure smooth and timely execution of the mission. Regular field visits, engagement with local mukhiyas and coordination with technical staff are essential," she said. Tiwari also instructed officials to flag any issues of incomplete work after full payments were made with promises of prompt action after proper inquiry. So far, Jharkhand has taken up 97,535 schemes under the mission, of which 56,332 have been completed. Around 24,781 completed schemes have already been handed over to village committees for operation and maintenance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The state has a total of 29,398 villages and 6,963 of them have been fully covered with piped water supply. Moreover, of the 62,54,059 rural households in the state, tap water now reaches 34,42,332 of them. In Ranchi (west), however, the numbers reflect the unevenness of the implementation. Out of the 2,68,999 rural households in the area, only 1,59,899 have been connected, translating to 59.44% coverage. Under the Multi-Village Scheme (MVS), just 2,523 connections have been completed out of a targeted 92,874. In contrast, Single Village Schemes (SVS) have shown better results with 13,292 out of 14,476 connections achieved. Meanwhile, PHED executive engineer of Ranchi (west), Anand Singh, said, "The MVS component involves complex infrastructure across multiple villages, which takes more time and coordination. Still, we are working steadily to improve the pace and coverage." He added that 1,774 tube wells were also repaired between March and May 2025 to support rural water access. To aid implementation, the state govt has now deputed two dedicated engineers in each district and they will work directly under the DCs. These engineers will be part of a technical cell and are expected to report their daily progress. The implementing agencies, as per mission norms, are responsible for maintaining infrastructure for five years after completion. Tiwari also instructed the DCs to resolve any administrative barriers on priority and ensure timely handover of completed projects to the gram panchayats. "We must ensure that every citizen benefits from this mission without delay," she added.
The Hindu
19-06-2025
- Politics
- The Hindu
Yaduveer: Centre assures steps to resolve Kodagu's drinking water crisis
MP for Mysuru Yaduveer Krishnadatta Chamaraja Wadiyar has said that the Union government has assured prompt action to address the persistent drinking water crisis in Kodagu district. On Thursday, Mr. Wadiyar met Union Jal Shakti Minister C.R. Patil in New Delhi and submitted a memorandum urging early approval for the implementation of Multi-Village Drinking Water Schemes (MVS), aimed at alleviating water scarcity in the rural areas of the Madikeri division. 'Several villages in Kodagu are reeling under drinking water shortages. Immediate approval of the proposed schemes by the Centre is crucial to resolving the issue,' Mr. Yaduveer told reporters after the meeting. He said the Union Minister responded positively to the request and assured that necessary steps would be taken. Mr. Wadiyar he was confident that the water woes of Kodagu's rural population would soon be addressed.
