Latest news with #PanBorneoHighwaySabah
The Sun
2 days ago
- Business
- The Sun
HEB Group to speed up diversification to drive sustainable growth
KUALA LUMPUR: Engineering and project management consultant HSS Engineers Bhd (HEB Group) is looking to accelerate diversification and drive sustainable growth in the financial year ending Dec 31, 2025 (FY25) and beyond. HEB Group has strategically deepened its involvement in emerging high-growth sectors to broaden its sectoral coverage, while maintaining an entrenched presence in its core infrastructure domains of highways, roads, rail, ports and water infrastructure. With the rapid expansion of the data centre industry, the group anticipates sustained growth in this sector, supported by favourable government policies and robust foreign investment. HEB Group's substantial RM2.1 billion order book will provide earnings visibility over the next eight years, building upon the momentum created by the record-high net profit of RM25.2 million achieved in FY24. The order book includes key projects such as the Pan Borneo Highway Sabah Phase 1A, Westports Expansion Development, Klang Valley Double Tracking Phase 2, East Coast Rail Link, Jajaran Rel Selangor Kita, multiple water infrastructure and data centre projects in Malaysia, in addition to several overseas projects. The group also has a healthy tender book of RM475 million as it proactively pursues new opportunities in Malaysia and abroad. 'HEB Group has demonstrated agility by adapting its business model to meet the rapidly evolving engineering needs of various industries,' executive vice-chairman Tan Sri Kuna Sittampalam said after HEB Group's annual general meeting today. 'We are rapidly expanding our capabilities to take a leading role in emerging industries that are set to reshape the region.' Kuna said the group's timely diversification strategy will pave the way for sustainable growth and long-term value creation. Concurrently, HEB Group remains steadfast in its role of supporting governments, both at home and abroad, in implementing strategic infrastructure projects to stimulate economic growth and elevate living standards. As for its international operations, HEB Group is well on its way to achieving its target of deriving 25% of revenue from overseas projects by 2027. Overseas projects contributed 18.8% of revenue as at March 31, supported by numerous contracts wins in developing countries across Asia. Kuna said the group is associated with nine countries for projects and that a project in Iraq is providing value-accretive yields with RM1.5 billion in fees. 'However, I expect our Southeast Asian partners like Indonesia and the Philippines will start to contribute more to the company over the next two to three years.' At the AGM, shareholders approved all the resolutions tabled by the group, including the payment of a final single-tier dividend of 1.46 sen per share for FY24. The dividend payout of RM7.4 million represents about 30% of the HEB Group's net profit last year, and is in line with its dividend policy, which targets 30% distribution of annual net profit to shareholders.
Malaysiakini
08-05-2025
- Politics
- Malaysiakini
Works minister dismisses Pan Borneo highway graft allegations
Works Minister Alexander Nanta Linggi denied allegations that he was involved in a corruption scandal related to the Pan Borneo Highway Sabah project. He described the allegations, which went viral on a Telegram channel, as slanderous and baseless. 'The message contains...
Malaysiakini
08-05-2025
- Politics
- Malaysiakini
Works minister dismisses Pan Borneo highway graft allegations
Works Minister Alexander Nanta Linggi denied allegations that he was involved in a corruption scandal related to the Pan Borneo Highway Sabah project. He described the allegations, which went viral on a Telegram channel, as slanderous and baseless. 'The message contains...
The Sun
08-05-2025
- Politics
- The Sun
Nanta dismisses allegations over Sabah Pan Borneo Highway scandal
SIBU: Works Minister Datuk Seri Alexander Nanta Linggi has denied allegations of his involvement in a corruption scandal related to the Pan Borneo Highway Sabah project (WP35), which recently went viral on a Telegram channel. In a statement on Facebook today, he described the claims as slanderous, baseless and malicious in intent against him as a member of the government administration. 'The message contains direct accusations against me as the Malaysian Minister of Works, with defamatory, unfounded and malicious claims. I categorically deny all such allegations,' he said. He added that the baseless accusations not only affect his reputation but also tarnish the image of the Ministry of Works and the government as a whole. More worryingly, he said, the message that first appeared on Telegram has since spread to other social media platforms, potentially causing misunderstandings and negative public perception. Following this, a police report was lodged yesterday by his senior private secretary at the Tun H.S. Lee police station in Kuala Lumpur to deny the allegations and request an immediate investigation. 'I will fully cooperate in any form necessary to assist the investigation and leave it entirely to the authorities to take appropriate action against those responsible for spreading this slander,' he stressed. He also emphasised that the act of spreading slander should not be used as a political weapon or a means to bring someone down for personal gain.
The Star
08-05-2025
- Politics
- The Star
Nanta denies Pan Borneo Highway corruption claims
PETALING JAYA: Works Minister Datuk Sri Alexander Nanta Linggi denies corruption claims linking him to the Pan Borneo Highway Sabah (WP35) project. Nanta said the allegations surfaced on a Telegram channel and accused him of corruption as the Works Minister. He described the claims as a smear campaign aimed at damaging his and the government's reputation. "I strongly deny all these allegations. These claims are nothing more than an attempt to tarnish my image and undermine my role as a minister," he said in a statement on Thursday (May 8). Nanta said that the false claims spread beyond Telegram to other social media, creating a "negative perception and prejudice" among the public. "I want to stress that slander should never be used as a tool to destroy anyone's reputation, especially for political or personal gain," he added. A police report was lodged at the Tun H.S. Lee police station on Wednesday through his senior private secretary, calling for a full investigation and action against those responsible. He pledged full cooperation with authorities in the investigation. Nanta has been the Works Minister since 3 December 2022, overseeing major infrastructure projects, including the Pan Borneo Highway, a toll-free network spanning 1,800km across Sabah and Sarawak, costing RM27bil.
