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Daily Express
6 days ago
- Business
- Daily Express
Asean International Business Review Awards 2025 recognises Sabah Ports excellence
Published on: Thursday, July 24, 2025 Published on: Thu, Jul 24, 2025 Text Size: The prestigious recognition was presented by Asean Permanent Representative of Malaysia H.E. Sarah Al Bakri Devadason and received by Suria Capital Holdings Berhad Group Managing Director cum SPSB Managing Director Datuk Ng Kiat Min during the awards ceremony. Kota Kinabalu: Sabah Ports Sdn Bhd (SPSB), a wholly owned subsidiary of Suria Capital Holdings Berhad, added to its growing list of accolades after being awarded the Corporate Excellence Award in the Logistics Sector for Port Management at the recent Asean International Business Review (IBR) Awards 2025. The prestigious recognition was presented by Asean Permanent Representative of Malaysia H.E. Sarah Al Bakri Devadason and received by Suria Capital Holdings Berhad Group Managing Director cum SPSB Managing Director Datuk Ng Kiat Min during the awards ceremony. The notable achievement reflects SPSB's commitment to operational excellence, innovation and its instrumental role in strengthening regional logistics connectivity. The award further validates SPSB's contribution to advancing Sabah's maritime infrastructure and enhancing its competitiveness on the international stage. 'We are honoured by this recognition at the Asean level. It affirms our strategic efforts in enhancing port operations and strengthening Sabah's role within the regional logistics network,' said Ng. 'This award is a tribute to the dedication of our team and our collective mission to drive economic development and improve connectivity across the region,' she said. She spoke about the company's strategic direction, pointing out the importance of international partnerships in elevating port performance. 'Our strategic collaboration with DP World marks a significant step forward in elevating port performance and operational efficiency. 'This partnership will enable Sabah to gain greater access to international shipping routes, enhancing our global trade presence and supply chain relevance,' she added. The Asean IBR Awards celebrate corporate excellence across Southeast Asia, recognising organisations that demonstrate exceptional resilience, leadership and regional impact within their respective industries. SPSB distinguished itself among a highly competitive field of nominees from the logistics and transportation sector throughout the region. As Sabah's primary port operator, SPSB continues to serve as a critical facilitator of trade and economic growth while maintaining its commitment to sustainability and innovation. The company's strategic vision focuses on positioning Sabah as a competitive, connected and future-ready logistics hub in the region. This latest accolade reinforces SPSB's position as a leading player in Malaysia's maritime sector and demonstrates the company's ongoing efforts to enhance Sabah's role in regional and international trade networks. The recognition comes at a time when SPSB is actively pursuing initiatives to modernise port infrastructure and expand its operational capabilities to meet growing demand in the Asia-Pacific region. * 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
Daily Express
17-07-2025
- Business
- Daily Express
Ferry terminal: No transfer of ops, fee hikes
Published on: Thursday, July 17, 2025 Published on: Thu, Jul 17, 2025 Text Size: Kota Kinabalu: Suria Bumiria Sdn Bhd, the operator of Jesselton Point Ferry Terminal (JPFT), denied claims that operations at the terminal have been transferred to Easybook. Suria Bumiria, a wholly owned subsidiary of Suria Capital Holdings Berhad, clarified that JPFT remains exclusively operated and managed by the company, while Easybook's role is limited to providing the ticketing system under the Centralised Terminal Ticketing (CTT) platform. Advertisement 'Easybook serves solely as the appointed ticketing platform for the Centralised Terminal Ticketing System at JPFT, facilitating offline ticket transactions to nearby islands,' said Suria Capital Holdings Berhad Group Managing Director Datuk Ng Kiat Min He also rejected claims of sudden fee hikes for boat operators, explaining that a revised business model had been developed transparently and with full engagement from stakeholders. 'The model was ultimately adopted with their formal consent and endorsement, affirming a shared commitment to enhance services and sustainable growth while the process involved extensive consultations and town-hall sessions,' he said. Ng further revealed plans for a RM20 million relocation of the terminal to the South Jetty of Kota Kinabalu Port, aligning with the upcoming Jesselton Docklands development. He added that a consensus pricing framework was introduced to curb touting, prevent undercutting and promote a fair and orderly marketplace with operator backing. 'We also categorically refute claims that operators were given only three days to register or faced the risk of losing their operating rights. 'The rights of operators to conduct business at JPFT remain secure, subject only to compliance with established contractual obligations and terminal policies.' The extension of terminal fees to licensed tourist guides, Ng explained, is aimed at improving regulation and preventing illegal guiding activities, thereby safeguarding the quality of tourism services. 'Suria Bumiria, together with its operator partners, remains fully committed to ensuring that JPFT continues to serve as a safe, efficient and welcoming gateway,' he said, in a statement, Wednesday. * 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
Daily Express
25-06-2025
- Business
- Daily Express
Suria Group holds steady with resilient 2024 performance
Published on: Wednesday, June 25, 2025 Published on: Wed, Jun 25, 2025 By: Hayati Dzulkifli Text Size: KOTA KINABALU: Suria Capital Holdings Berhad, majority-owned by the Sabah Government, has reported a steady financial performance for the year ending Dec 31, 2024. At its 42nd Annual General Meeting held at Wisma Sabah Ports on Wednesday, the Group shared highlights of a year marked by strategic partnerships and property progress. Group Managing Director Datuk Ng Kiat Min ( pic ) said 2024 was a turning point, particularly with its landmark collaboration with global port operator DP World at Sapangar Bay Container Port. Despite a slight 2.6 per cent dip in revenue to RM271 million, the Group saw gross profit rise by 3.3 per cent to RM80.4 million and pre-tax profit climb by 3.6 per cent to RM50.5 million. Post-tax profit slipped by 1.3 per cent to RM33.9 million, but the Group maintains its long-term focus on sustainable growth and creating lasting value. * 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
Daily Express
14-05-2025
- Business
- Daily Express
Sabah Ports sorry for the Tawau snag
Published on: Wednesday, May 14, 2025 Published on: Wed, May 14, 2025 Text Size: Kota Kinabalu: Operational disruptions at Tawau Port, caused by the breakdown of two mobile harbour cranes, have led to delays in cargo movement, affecting timber exporters and other port users. Sabah Ports Sdn Bhd (SPSB) has acknowledged the issue and is implementing immediate and long-term solutions to restore efficiency. 'We sincerely apologise for the inconvenience caused to our port users, including timber exporters. We understand the financial impact, including shipment delays, demurrage charges and supply chain disruptions,' said Sabah Ports Managing Director Datuk Ng Kiat Min in a statement, Tuesday. She said this in reaction to concerns raised by the Sabah Timber Industries Association (STIA) regarding operational inefficiencies at Tawau Port, particularly disruptions stemming from the breakdown of mobile harbour cranes and resulting delays in cargo movement. She said the two cranes, which are critical for loading and unloading cargo, broke down simultaneously due to their advanced age and difficulty in sourcing parts. 'Despite regular maintenance, the aging equipment has struggled to keep up with operational demands,' she said. To minimise further delays, SPSB is taking steps with repairs in progress. 'One crane is expected to be operational within 5-6 days, while the other awaits replacement parts from an overseas supplier,' she said. She said they are also exploring the use of crawling cranes as a stopgap measure, adding that exporters can reroute urgent cargo through Sandakan Port, which is operating normally. To prevent future disruptions, SPSB has approved the purchase of two new quay cranes, expected to arrive within 12 months. The port's aging wharf structure is also being assessed to ensure compatibility with the new equipment. 'We are committed to modernising Tawau Port to meet industry demands and support Sabah's economic growth,' she said. She said they are working closely with the STIA and government agencies to improve port infrastructure and ensure smoother operations in the future. * 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
