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Daily Express
5 hours ago
- Daily Express
KTMB blames cable theft for train delays up north, plans RM12.8 million prevention upgrade
Published on: Tuesday, June 10, 2025 Published on: Tue, Jun 10, 2025 By: Bernama Text Size: Since 2024, KTMB's total losses from cable theft in the northern sector has reached RM1.44 million, comprising RM1.28 million in 2024 and RM162,000 as of March 2025. — File picture by Hari Anggara Kuala Lumpur: Cable theft involving the signalling and communication systems on three Keretapi Tanah Melayu Berhad's (KTMB) northern routes today has caused disruption and train delays of more than 60 minutes for both the Northern Komuter and Electric Train Services (ETS). KTMB in a statement said among the affected locations were the Tapah Road - Sungkai (KM250.5) route with approximately 200 metres of cable stolen, Kamunting - Bukit Merah - Bagan Serai (KM87.25) with 110 metres stolen, and Simpang Ampat - Bukit Mertajam (KM15.5) with 40 metres affected. Advertisement The incident disrupted train operations, causing significant delays of between 80 and 115 minutes involving the following services; EP9172 (KL Sentral - Butterworth), EG9321 (Butterworth - Segamat), EX9107 (Butterworth - KL Sentral), EX9207 (Padang Besar - KL Sentral), and EG9420 (Segamat - Padang Besar). In addition, the Northern KTM Komuter service on the Ipoh - Butterworth - Ipoh route was also affected, with average delays of 30 minutes. KTMB said early notifications of the disruptions were sent to passengers via SMS and KTMB's official social media platforms. KTMB chief operating officer Mohd Zain Mat Taha in the same statement said 45 cases of cable theft have been recorded in the northern sector from January to May this year. 'This type of theft amounts to sabotage of railway infrastructure and could threaten the safety of hundreds of passengers while also crippling public transportation,' he said. As a mitigation measure, KTMB announced a plan to upgrade its signalling network, involving an estimated cost of RM12.8 million annually over the next three years, with a focus on hotspot areas. Among the planned improvements are installing manhole covers with special locking mechanisms at 21 locations, enhancing surveillance and prevention infrastructure including CCTV cameras and drones, and installing anti-climb security fencing. Additionally, he said monitoring and patrols by KTMB Auxiliary Police with cooperation from the Royal Malaysia Police (PDRM) would be intensified in hotspot areas to curb theft. 'We (KTMB) would like to call for the public's cooperation to report any suspicious activity to the authorities in order to combat such crime. 'We also apologise for any inconvenience experienced by passengers and remain committed to ensuring train service safety and reliability in the interest of the people and the country,' he added. Since 2024, total losses from cable theft in the northern sector has reached RM1.44 million, comprising RM1.28 million in 2024 and RM162,000 as of March 2025. * 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
BusinessToday
27-05-2025
- Business
- BusinessToday
HLIB Maintains Hold On FGV
Hong Leong Investment Bank Bhd (HLIB) Research has maintained a HOLD call on FGV Holdings Bhd with an unchanged target price of RM1.26, following the group's move to acquire full ownership of eight subsidiaries from Koperasi Permodalan Felda Malaysia Bhd (KPF) for RM229.8 million. The house noted that while the earnings uplift from the acquisitions is likely to be limited—especially after accounting for funding costs—the move enhances FGV's operational control, improves decision-making agility and aligns better with its long-term strategic goals. HLIB has kept its earnings forecasts unchanged for now, pending further updates from FGV's upcoming results briefing scheduled for 28 May 2025. The acquisitions involve remaining minority stakes in key units including a 16.67% stake in FGV Kernel Products for RM12.9 million, a 33.33% stake in FGV Refineries for RM17.9 million, and a 49% stake in FGV Transport Services for RM77.9 million, among others. The transaction will be funded via a mix of internal funds and bank borrowings, and is expected to be completed by the third quarter of 2025. HLIB stated that based on FY2024 earnings, the acquisitions are not expected to contribute significantly to bottom-line growth. However, the analyst added that the initiative may support long-term gains by streamlining management efficiency across the group's downstream and support businesses. On the balance sheet, the impact is anticipated to be modest, with net gearing projected to rise slightly from 0.27 times as at 31 December 2024 to 0.31 times post-acquisition. At the current share price of RM1.28, FGV is trading at a slight premium to HLIB's target price, with a projected capital downside of 1.3%. The expected total return is marginal at 0.3%, supported by a 1.6% dividend yield. Despite recent share price gains, HLIB believes the stock remains fairly valued, given muted earnings visibility and potential margin pressures in its core plantation segment. The research house will revisit its outlook following the management's briefing later this month. Related
Daily Express
20-05-2025
- Business
- Daily Express
Some public housing tenants skipped rent for over 2 decades, says Kuala Lumpur mayor
Published on: Tuesday, May 20, 2025 Published on: Tue, May 20, 2025 By: Anne Muhammad, FMT Text Size: Kuala Lumpur mayor Maimunah Sharif said an internal discussion will be held next week on measures to address the mounting rental arrears across PPR and PA units managed by DBKL. PETALING JAYA: Some public housing (PA) tenants have failed to pay rent for up to 26 years, with arrears reaching as high as RM39,140, Kuala Lumpur mayor Maimunah Sharif revealed. She said the monthly rental rate was RM124, excluding maintenance charges. The highest arrears were recorded at the People's Housing Programme (PPR) in Kampung Muhibbah (RM1.9 million) and Desa Rejang (RM1.28 million). To address the issue of mounting rental arrears across PPR and PA units managed by Kuala Lumpur City Hall (DBKL), which now total RM70 million, she said an internal discussion would be held next week. 'I'll need to assess the situation because the measures we currently take involve meeting tenants face to face, asking why they haven't paid, and locking their water meters. 'We do have the authority to evict non-paying tenants, but most of them are from the B40 group, so we have to consider the situation carefully. 'I'll conduct an analysis and discuss the matter with federal territories minister Dr Zaliha Mustafa,' she told FMT. Advertisement Maimunah said tenants often cite financial difficulties as the reason for not paying rent. 'But when we visit their areas, they complain about a lack of parking. I understand that having a car isn't a luxury anymore, it's a necessity. Still, people need to prioritise. 'At the moment, we're not taking strict action so some feel there's room not to pay,' she added. She said that in the upcoming discussions, DBKL would work on developing clearer procedures on housing and rental arrears. DBKL will also issue public notices to warn tenants with outstanding rent so that they are not caught off guard when enforcement begins. 'When we shut off the water supply, they often find a way to pay. Previously, we also introduced a scheme allowing them to settle arrears in instalments if they couldn't pay in full,' Maimunah said.
The Sun
24-04-2025
- The Sun
Three men arrested for stealing electricity for bitcoin mining
JOHOR BAHRU: Three men, 40 to 48, have been arrested for stealing electricity for bitcoin mining activities, causing losses of up to RM1.28 million. Johor police chief Datuk M Kumar said the three, who were part of a syndicate, were arrested in an operation conducted with the cooperation of the Tenaga Nasional Bhd (TNB) on April 22 and 23. The team also seized 87 Bitcoin mining rigs worth RM217,500 in nine raids on premises around Johor Bahru, Seri Alam, Kulai, Segamat and Tangkak 'Various mobile phones, laptops, routers and several keys were also seized. The group targets residential areas and shoplots as operation areas. 'Electricity theft caused TNB to suffer losses of RM1,289,371.86,' he said in a statement today, adding that the case is being investigated under Section 427 of the Penal Code and Section 37(1) of the Electricity Supply Act 1990.
Barnama
24-04-2025
- Barnama
Three Men Arrested For Stealing Electricity For Bitcoin Mining
JOHOR BAHRU, April 24 (Bernama) -- Three men, 40 to 48, have been arrested for stealing electricity for bitcoin mining activities, causing losses of up to RM1.28 million. Johor police chief Datuk M Kumar said the three, who were part of a syndicate, were arrested in an operation conducted with the cooperation of the Tenaga Nasional Bhd (TNB) on April 22 and 23. The team also seized 87 Bitcoin mining rigs worth RM217,500 in nine raids on premises around Johor Bahru, Seri Alam, Kulai, Segamat and Tangkak
