Latest news with #RBPF
The Star
3 days ago
- The Star
Malaysian man involved in online Macau scam sentenced to seven years' jail in Brunei
Royal Brunei Police Force personnel escort the suspect to a police cell. - Photo: RBPF BANDAR SERI BEGAWAN: A Malaysian national believed to be involved in an online Macau scam produced before court on May 17 was sentenced to a seven year jail term by Magistrate Nur Eleana Hairol Arni. The man faced nine charges under Section 420 and 109 of Chapter 22 of the Penal Code, as well as the Criminal Asset Recovery Order, 2012, related to money laundering. Deputy Public Prosecutors Emily Goh and Mohammad Syafi'e Mirhan led the prosecution. The suspect was apprehended by the Royal Brunei Police Force (RBPF) on March 21, following an investigation by the Cyber Crime Investigation Division under the Criminal Investigation Department. As part of ongoing efforts, the Interpol Unit under RBPF is working with foreign agencies to trace and extradite other suspects believed to be still at large overseas. Authorities have reported several cases where scammers impersonated bank officers or police personnel to deceive victims. The modus operandi is the victims are falsely informed they are involved in credit card debt or money laundering and are tricked into transferring money online or handing over cash to unknown individuals. To date, over 50 such cases have been reported, with local victims suffering losses exceeding BND1 million. The RBPF urged the public to remain vigilant and avoid sharing personal or financial information over calls or messages from unknown sources. Members of the public are advised to confirm with official authorities before making financial transactions and to report suspicious calls to the police immediately. - Borneo Bulletin/ANN
The Star
20-05-2025
- The Star
Vice raid in Gadong, Brunei leads to arrest of three local women
The women arrested during the raid by the police's Anti-Vice and Gambling Suppression Unit of the Criminal Investigation Department (CID). - Photo: RBPF BANDAR SERI BEGAWAN: Three local women, aged between 27 and 37, were recently arrested for alleged involvement in immoral activities during a raid conducted by personnel from the Anti-Vice and Gambling Suppression Unit of the Criminal Investigation Department (CID) under the Royal Brunei Police Force (RBPF). According to the RBPF, the raid was carried out at a rented room in Mukim Gadong and targeted illegal activities believed to involve the online offering of sexual services. Items seized as evidence included cash, several condoms, and mobile phones. The evidence seized by the police. The suspects and the confiscated items were brought to the CID for further investigation. The case is being investigated under Section 294A, Chapter 22 of the Penal Code for offences related to the offering of sexual services. The RBPF reaffirmed its ongoing commitment to monitoring, intelligence gathering, and law enforcement to curb criminal activities in the country. The public is encouraged to report any suspected criminal activity by contacting the police hotline at 993 or the nearest police station. - Borneo Bulletin/ANN
Yahoo
15-05-2025
- Business
- Yahoo
REC Ltd (BOM:532955) Q4 2025 Earnings Call Highlights: Record Profits Amidst Challenges
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. REC Ltd (BOM:532955) recorded its highest ever annual profit of 15,713 crores, marking a 12% year-on-year growth. The company's net worth increased by 13% to approximately 78,000 crores. REC Ltd's total income grew by 20%, reaching around 56,000 crores. The net interest margin improved to 3.63%, an increase of 6 basis points from the previous year. The company maintains a strong capital adequacy ratio of 26%, well above the RBI requirement, providing a cushion for future growth. REC Ltd faced prepayments of 34,000 crores, which impacted the potential growth of its loan book. There are ongoing issues with the signing of Power Purchase Agreements (PPAs) in the renewable energy sector, which could affect future project funding. The company has 12 projects under NPA, with some requiring resolution through the National Company Law Tribunal (NCLT). There is concern about the elevated provision coverage ratio for private renewable projects, indicating potential stress in this segment. The declining interest rate environment poses a challenge, as banks may aggressively seek to refinance projects funded by REC Ltd. Warning! GuruFocus has detected 2 Warning Sign with BOM:532955. Q: What is REC Ltd's outlook on disbursement growth for FY 2026, considering the elevated repayment rates? A: REC Ltd expects disbursements to reach around ?210,000 crore during the year, provided market conditions remain favorable. Prepayments are anticipated to continue at a similar rate, with approximately ?100,000 crore generally due annually. The company received prepayments of around ?34,000 crore this year, primarily from the RBPF scheme, which allows for surplus funds to be repaid and re-disbursed. (Respondent: Unidentified_6) Q: Can you provide an update on the renewable energy projects, particularly regarding the signing of PPAs and any stress in the private renewable book? A: REC Ltd only funds projects with signed PPAs, so the lack of PPA signing does not pose a risk to the company. While there are delays in PPA signings, they are expected to be resolved over time. Regarding the private renewable book, there has been an increase in provision coverage due to some rating downgrades, but no new NPAs have occurred. (Respondent: Unidentified_7 and Unidentified_6) Q: What are REC Ltd's strategies to address the potential pressure from declining interest rates and competition from banks? A: REC Ltd plans to incentivize early project completion and offer refinancing options post-COD. The company is also streamlining business processes to enhance ease of doing business. Despite the declining rate environment, REC Ltd's unique sector expertise and competitive rates are expected to retain business. (Respondent: Unidentified_3 and Unidentified_6) Q: How does REC Ltd plan to achieve its target of a net zero NPA by the end of FY 2026? A: REC Ltd aims to resolve the remaining 12 NPA projects by the end of FY 2026. The company has filed IBC cases for six projects and expects significant recoveries from these resolutions. (Respondent: Unidentified_6) Q: What is the expected borrowing for FY 2026, and how will it be divided between domestic and foreign sources? A: REC Ltd plans to borrow ?170,000 crore in FY 2026. The company evaluates funding sources based on cost-effectiveness at the time of requirement, choosing between domestic and foreign options, including ECBs, based on the most favorable rates. (Respondent: Unidentified_6) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
The Star
09-05-2025
- The Star
Brunei joins workshop on Asean legal cooperation to combat human trafficking
The delegation in a group photo. - RBPF BANDAR SERI BEGAWAN: A delegation from Brunei recently attended a workshop on the Asean International Legal Cooperation (ILC) Handbook and Asean International Legal Cooperation (ILC) Compendium in Bangkok, Thailand. The delegation included personnel from the Prime Minister's Office, the Criminal Justice Division of the Attorney General's Chamber, the Human Trafficking Investigation Unit (USPM) of the Royal Brunei Police Force (RBPF), and the Immigration and National Registration Department, who attended as representatives of the National Working Committee on Anti-Trafficking in Persons. The two-day workshop, held on May 6 and 7, was organised by the Senior Officials Meeting on Transnational Crime in cooperation with Counter Trafficking Asean-Australia (Asean-ACT) and the United Nations Office on Drugs and Crime. The workshop's objectives align with the implementation of the Asean Convention Against Trafficking in Persons, Especially Women and Children (ACTIP), and the Asean Multi-Sectoral Work Plan Against TIP 2023-2028 (Bohol TIP Work Plan 2.0). It aims to strengthen international legal cooperation (formal and informal) among Asean member states, in line with Asean member states' laws on cross-border crimes, especially trafficking in persons (TIP) cases. The project aims to update the Asean Handbook on International Legal Cooperation in Cases of Trafficking in Persons and prepare an Asean Compendium on International Legal Cooperation in Cases of Trafficking in Persons. It also aimed at disseminating information to more stakeholders about the Asean Handbook and the Asean Compendium on Trafficking in Persons Cases to explore any future collaboration. The two documents are expected to be further discussed for endorsement during the 25th Senior Officials Meeting on Transnational Crime (SOMTC). The workshop was attended by 69 representatives from various Asean Sectoral Bodies, including participants from 11 countries. The programme also promoted international cooperation and the exchange of ideas and views on the increasingly complex issue of human trafficking, ensuring a stronger response against all forms of exploitation related to human trafficking. – Borneo Bulletin/ANN
