Latest news with #RM1
Straits Times
6 hours ago
- Straits Times
Nearly 200 travellers fined for not declaring large cash amounts, evading GST and taxes on tobacco
A traveller was caught for not declaring his GST-payable items, which include collectible toys and a pair of branded shoes. PHOTO: SINGAPORE CUSTOMS Nearly 200 travellers fined for not declaring large cash amounts, evading GST and taxes on tobacco SINGAPORE - Nearly 200 travellers were caught at the land, sea and air checkpoints for not declaring more than $20,000 in cash, not declaring or paying taxes on tobacco and other goods. The authorities nabbed 14 foreign travellers carrying cash exceeding $20,000 or the equivalent in foreign currency into or out of Singapore without making a declaration or declaring inaccurate amounts. Four of them, men aged between 26 and 71, were caught on May 21 bringing cash of various currencies amounting to between $20,700 and $380,139 across Singapore borders. Another traveller, a 55-year-old man, was caught two days later making an inaccurate declaration when moving $399,965 and RM1,621 (S$492) into Singapore. The cash is suspected to be linked to the traveller's unlicensed moneylending activities, said the authorities. The offenders were caught during a week-long operation carried out by government agencies between May 21 and May 27, said the Singapore Police Force, Immigration and Checkpoints Authority, Central Narcotics Bureau, Singapore Customs, National Parks Board, and Health Sciences Authority in a joint statement on May 31. During the week-long operation, the authorities conducted enhanced checks on travellers and vehicles at the checkpoints. PHOTO: SINGAPORE POLICE FORCE Four of the 14 travellers were given warnings, while seven were fined a total of $27,000. Others are still under probe, and one has been charged with possessing property obtained from criminal activities. During the operation, the authorities conducted checks on travellers and vehicles at the checkpoints. More than 19,000 travellers and 1,600 vehicles were identified for checks, and more than 26,000 pieces of luggage and hand-carry bags were scanned or searched, the statement said. During the week-long operation, the authorities conducted enhanced checks on travellers and vehicles at the checkpoints. PHOTO: SINGAPORE POLICE FORCE It is a crime not to report cash or currency of more than $20,000 when crossing Singapore's borders. If found guilty, offenders can be fined up to $50,000, jailed for up to three years, or both. The cash can also be confiscated. 'Smuggling cash across borders is a way by which criminals launder proceeds of crime. Singapore will not tolerate such activities, said the police commercial affairs department director David Chew. During the week-long operation, the authorities conducted enhanced checks on travellers and vehicles at the checkpoints. PHOTO: SINGAPORE POLICE FORCE Other travellers were found with Pop Mart toys and branded shoes, which they failed to declare. The authorities caught 153 travellers for failing to declare and pay taxes on cigarettes or tobacco products, liquor exceeding the duty-free allowance, or goods exceeding goods and services tax import relief allowances, such as souvenirs and gifts. During the week-long operation, the authorities conducted enhanced checks on travellers and vehicles at the checkpoints. PHOTO: SINGAPORE POLICE FORCE The total duty and GST evaded by these travellers amounted to $10,754, and they were fined a collective $35,165. In one case, a traveller was caught carrying 20 packets of duty-unpaid cigarettes. Another had undeclared luxury goods and Popmart toys, while a third had four litres of Chinese liquor in excess of duty-free allowances. A traveller did not declare the four litres of Chinese liquor that was in excess of his duty-free allowance. PHOTO: SINGAPORE CUSTOMS On May 26, five male travellers aged between 26 and 45 were caught possessing e-vaporisers upon entering Singapore. HSA officers seized five e-vaporisers and fined the travellers. Anyone found guilty of the fraudulent evasion of customs or excise duties can face a fine of up to 20 times the amount evaded, or a jail term of up to two years. Join ST's WhatsApp Channel and get the latest news and must-reads.
The Sun
a day ago
- Business
- The Sun
Appeals Court rejects Hydroshoppe, Menara KL injunction appeal
PUTRAJAYA: The Court of Appeal today dismissed an appeal by the former operator of the Kuala Lumpur Tower and its subsidiary to obtain an ad interim injunction to stop the award of the KL Tower concession to LSH Service Master Sdn Bhd. The decision was delivered by a three-member bench comprising Justices Datuk Collin Lawrence Sequerah, Datuk Dr Choo Kah Sing and Datuk Wan Ahmad Farid Wan Salleh. Justice Sequerah, who delivered the court's unanimous decision, said Hydroshoppe Sdn Bhd and its subsidiary Menara Kuala Lumpur Sdn Bhd failed to meet the legal threshold for the grant of an ad interim injunction. 'We are of the view that there is no status quo to maintain as the fifth supplementary agreement has lapsed on March 31, this year,' he said. Justice Sequerah ordered Hydroshoppe and Menara KL to pay legal costs totalling RM30,000 to the respondents. The respondents were the Ministry of Communications, its minister Datuk Fahmi Fadzil, the government, LSH Service Master Sdn Bhd, LSH Best Builders Sdn Bhd and Service Master (M) Sdn Bhd. The appeal was against the decision of the High Court in April, this year which had similarly dismissed the application for the ad interim injunction. Hydroshoppe and Menara KL had filed a breach of contract suit against the respondents, claiming that LSH and its units had induced a breach of contract that the companies (Hydroshoppe and Menara KL) had agreed to with the government in an Aug 2022 meeting. They claimed that LSH Capital and its units had committed dishonest assistance, and want the award of the KL Tower concession to LSH Service Master to be declared void and unlawful. They are also claiming an estimated RM1 billion in damages, and for the concession of the iconic Kuala Lumpur landmark building to be transferred back to them. The High Court will hear the interparte injunction on June 9. It will also hear on June 5, an ex parte contempt application filed by the companies. In the proceedings before the Court of Appeal today, lawyer Vinayak Sri Ram represented Hydroshoppe and Menara Kuala Lumpur, Senior Federal Counsel Ahmad Hanir Hambaly@Arwi for the Ministry of Communications, Fahmi and the government. Lawyer Datuk Malik Imtiaz Sarwar represented LSH Service Master, LSH Best Builders and Service Master.
The Sun
a day ago
- Business
- The Sun
Appeals Court dismisses appeal by Hydroshoppe, Menara KL for ad interim injunction
PUTRAJAYA: The Court of Appeal today dismissed an appeal by the former operator of the Kuala Lumpur Tower and its subsidiary to obtain an ad interim injunction to stop the award of the KL Tower concession to LSH Service Master Sdn Bhd. The decision was delivered by a three-member bench comprising Justices Datuk Collin Lawrence Sequerah, Datuk Dr Choo Kah Sing and Datuk Wan Ahmad Farid Wan Salleh. Justice Sequerah, who delivered the court's unanimous decision, said Hydroshoppe Sdn Bhd and its subsidiary Menara Kuala Lumpur Sdn Bhd failed to meet the legal threshold for the grant of an ad interim injunction. 'We are of the view that there is no status quo to maintain as the fifth supplementary agreement has lapsed on March 31, this year,' he said. Justice Sequerah ordered Hydroshoppe and Menara KL to pay legal costs totalling RM30,000 to the respondents. The respondents were the Ministry of Communications, its minister Datuk Fahmi Fadzil, the government, LSH Service Master Sdn Bhd, LSH Best Builders Sdn Bhd and Service Master (M) Sdn Bhd. The appeal was against the decision of the High Court in April, this year which had similarly dismissed the application for the ad interim injunction. Hydroshoppe and Menara KL had filed a breach of contract suit against the respondents, claiming that LSH and its units had induced a breach of contract that the companies (Hydroshoppe and Menara KL) had agreed to with the government in an Aug 2022 meeting. They claimed that LSH Capital and its units had committed dishonest assistance, and want the award of the KL Tower concession to LSH Service Master to be declared void and unlawful. They are also claiming an estimated RM1 billion in damages, and for the concession of the iconic Kuala Lumpur landmark building to be transferred back to them. The High Court will hear the interparte injunction on June 9. It will also hear on June 5, an ex parte contempt application filed by the companies. In the proceedings before the Court of Appeal today, lawyer Vinayak Sri Ram represented Hydroshoppe and Menara Kuala Lumpur, Senior Federal Counsel Ahmad Hanir Hambaly@Arwi for the Ministry of Communications, Fahmi and the government. Lawyer Datuk Malik Imtiaz Sarwar represented LSH Service Master, LSH Best Builders and Service Master.
The Star
a day ago
- Entertainment
- The Star
Stark Cup Penang Press talent showcase returns with dazzling performances
TALENTS SHINE BRIGHT: The winners of the 'Stark Cup Penang Press Talent Showcase 2025' — champion Tan Kang Leng (centre), first runner-up Tan Hoon Cheng (fourth from left) and second runners-up Koh Huai Chen (fourth from right) and Koh Huai Jing (third from right) — posing with their mock cheques. Joining the winners on stage were representatives from the organising committee and sponsors, including (from left) Penang Press Club president Ang Tong Kai, Penang Hui Yin Seh Society chairperson Khiah Hock Leong, Stark Development Sdn Bhd deputy chairman Datuk Toh Chin Leong, Stark Development Sdn Bhd chief executive officer cum Zeon Properties Group founder Leon Lee and event organising chairperson Pek Bee Hong. AFTER a six-year hiatus, the 'Stark Cup Penang Press Talent Showcase 2025' made a highly anticipated return, with Penang Press Club life member Tan Kang Leng clinching the top spot. He took home RM1,000 cash prize with a soulful performance that blended his voice and guitar in perfect harmony. Coming in second was member Tan Hoon Cheng, who won over the judges with her emotive rendition of Michelle Pan's "Fu Sheng Qian Shan Lu" (Many Roads in Life). She received RM800. The third-place honours went to her children, Koh Huai Chen and Koh Huai Jing, who delivered a dynamic modern dance performance enhanced by rhythmic drumming. Their captivating act earned them a RM500 prize. Ten outstanding performers took home RM150 each while seven participants won consolation prizes worth RM80 each in the competition held at Penang Hui Yin Seh Buddhist Society in Air Itam. One of the outstanding performers Yeoh Yin Yin also won the Most Popular Award and the Best Costume Award. She received an additional RM200 for each category. Organised by Penang Press Club (PPC), with Stark Development Sdn Bhd as the primary sponsor and Penang Hui Yin Seh Buddhist Society as co-organiser, the showcase offered RM5,000 in cash prizes. Press members and their immediate family members showcased a wide range of talents in the competition, from singing, dancing and impersonation to instrumental and group performances. Event organising committee chairman Pek Bee Hong said this year's competition was opened to the family members of lifetime members, with the goal of encouraging the younger generation to showcase their talents. "The youngest participant is five-year-old Chua Lee Hong, who gave his all during the performance. His mother Tan Phaik Shan was there to encourage him. "This kind of parent-child interaction was one of the reasons for organising this event,' she said. Penang Hui Yin Seh Buddhist Society chairperson Khiah Hock Leong praised the participants, noting that media professionals, who are usually tasked with documenting reality through words and images, revealed a different side of themselves on stage. "Through this talent competition, we saw a vibrant, creative aspect of media professionals. Their performances and that of their family members were truly admirable," he said.
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
AirAsia X, Capital A extend aviation restructuring deadline to July 31
AirAsia X Bhd and Capital A Bhd have extended the deadline for their aviation business restructuring deal by two months – from May 31 to July 31, 2025 – to allow time for finalising the terms of AirAsia X's RM1 billion private placement and securing regulatory and lender approvals. In filings to Bursa Malaysia, the companies noted that due diligence for AirAsia Aviation Group and AirAsia Bhd has been completed. The proposed restructuring involves AirAsia X acquiring AirAsia Aviation Group for RM3 billion and AirAsia Bhd for RM3.8 billion, alongside a RM1 billion fundraising exercise led by a sovereign wealth fund. AirAsia X's shares closed 2.33% lower at RM1.68 today, with a market capitalisation of RM751.1 million. Capital A slipped 2.3% to 85 sen, valuing the group at RM3.7 billion. — TMR
