Latest news with #RM1.5mil
The Star
4 days ago
- Business
- The Star
More than 100,000 social media posts removed by MCMC, majority linked to gambling, scams, says Teo
KULAI: The Malaysian Communications and Multimedia Commission (MCMC) has taken down more than 100,000 social media posts that have been deemed harmful, says Teo Nie Ching. The Deputy Communications Minister said a total of 107,687 pieces of content have been removed by platform providers on the request of MCMC as of April 14 this year. 'From the amount, 57,669 were related to gambling while 30,427 were linked to scams. 'I take this opportunity to remind social media users not to fall for content that promotes 'too good to be true' or 'get rich quick' schemes,' she said after presenting incentives to Sijil Pelajaran Malaysia high achievers here on Saturday (May 31). Separately, Teo also urged concert organisers to apply for a new initiative by her ministry called the Concert and Event in Malaysia (CEMI), which has an annual allocation of RM10mil. She said concerts with international artists could enjoy a 30% rebate on its actual Qualifying Malaysian Concert and Event Spend (QMCES) expenditure or a maximum of RM1.5mil. 'To qualify for this, the organiser must meet conditions such as having a minimum capacity of 15,000 attendees and hire 30% Malaysian manpower for the event. 'For events with local artists, organisers could enjoy 30% rebate of its actual QMCES or RM1mil if they meet the conditions for the incentive,' she said, adding that the conditions and application could be done online. Teo added that CEMI, managed by MyCreative Ventures with the support of the ministry, was to support the organisation of large-scale concerts and events in Malaysia. She said the incentive is open for application starting May 15 until July 10 for events taking place this year or next year.
The Star
22-05-2025
- Business
- The Star
RM1.5mil sought to buy boat to clean up Sg Klang
KLANG Royal City Council (MBDK) is seeking funds to buy a rubbish skimmer boat to clean Sungai Klang. MBDK Environmental Services Department director Zaireezal Ahmad Zainuddin said the city council has submitted a proposal to Selangor government for RM1.5mil to buy it. 'Our section of Sungai Klang stretches 21km after the Shah Alam border to the river mouth. The rubbish in this stretch mars Klang's image as a city,' he said. Zaireezal said that rubbish was often thrown into drains and it eventually ended up in the river. 'If the application for funds is approved, two workers would be trained to operate it,' he said. The rubbish skimmer boat will be able to scoop up single-use plastics as well as organic materials such as branches and leaves from the water. 'All floating waste from the river will go on a conveyor belt that will pull it into a storage area,' said Zaireezal. He said river pollution harmed aquatic life and affected the smooth discharge of surface runoff at sluice gates close to the river. 'Blockage and backflows lead to floods,' he said. He added that the rubbish skimmer boats would complement ongoing efforts such as gotong-royong and installation of rubbish screens at monsoon drains.
The Star
22-05-2025
- Business
- The Star
Making room for Penang tourism
(From left) Penang housing and environment state exco Datuk Seri Sundarajoo Somu, Zairil and Chief Minister Chow Kon Yeow having a discussion during the state assembly sitting. — LIM BENG TATT/The Star Aerial view of the Silicon Island Reclamation project site. — Filepic THIRTEEN new hotels have opened in Penang since August 2023 to meet growing demands of the state's tourism industry, with seven more expected to begin operations soon. Penang tourism and creative economy committee chairman Wong Hon Wai said the 13 hotels had contributed 2,311 rooms to the state's capacity for visitors' accommodation. The new rooms comprise 1,670 at 11 hotels in the northeast district, 298 at a southwest district hotel and 343 at a hotel in north Seberang Perai. An aerial view of the Silicon Island Reclamation project site. Wong was responding to a question from Heng Lee Lee (PH-Berapit) on the increase in hotel developments, at the state assembly sitting in George Town. Meanwhile, state infrastructure, transport and digital committee chairman Zairil Khir Johari said land reclamation of the 930ha Silicon Island, off Penang's southern coast, would take 10 to 15 years. He said reclamation works, which had begun in September 2023, were being carried out in two phases. Phase one involves the reclamation of 510ha while phase two covers 420ha. 'As of April 30 this year, 60ha of land, equivalent to 6.5% of the project, had been reclaimed,' he told the assembly. In response to questions from Muhamad Kasim (PN-Telok Bahang), Zairil (PH-Tanjong Bungah) said no land acquisition was involved. However, he said land acquisitions in Permatang Damar Laut would be needed for construction of phase one of the Pan Island Link 2A (PIL2A) highway connecting Batu Maung to Silicon Island. 'It involves 13 land lots, 17 residential houses, two business premises, one welfare home and one place of worship. 'The land acquisition process was approved by authorities on May 8 last year and gazetted on July 11 last year under Section 8 of Land Acquisition Act 1960,' he said. Zairil disclosed that owners of the premises had received compensation based on valuations by the Valuation and Property Services Department. 'A majority of the stakeholders received compensation of over RM1.5mil for each lot of land. 'Three individuals received ex-gratia payments of RM43,500 each. 'The total compensation for land acquisition under PIL2A amounted to RM24,154,948.73, with ex-gratia payments totalling RM130,500,' he added. Mohamad Kasim had asked about the land reclamation progress of Silicon Island, the number of residents involved in land or property acquisition and the compensation they received. Silicon Island, previously known as Island A, is being developed by Silicon Island Development Sdn Bhd. The developer also oversees the design and management of Phase 1 reclamation works via turnkey contractor SRS TC Sdn Bhd, a wholly-owned subsidiary of Gamuda Bhd.
The Star
21-05-2025
- Business
- The Star
Gift of legacy: One plan, multiple dreams
NAVIGATING life after decades of work brings a unique set of aspirations and anxieties. The desire to safeguard one's health, secure a comfortable retirement and establish a meaningful legacy often intertwines with the realities of ongoing financial commitments. Many in this stage of life may still be managing mortgage loans, business investments, supporting their children's education or marriage, and dependents' living and medical expenses, adding complexity to long-term financial planning. Addressing these multifaceted needs requires a solution that offers robust protection and the potential for wealth preservation. Discover Wealth Creator Premier, an investment-linked insurance plan crafted by Generali Life Insurance Malaysia Bhd to resonate with the ambitions and concerns of individuals in their prime and pre-retirement years. Preserving wealth, securing legacies The Wealth Creator Premier plan offers a powerful combination—the protection of high insurance coverage for assets, business and loved ones against life's uncertainties, coupled with the opportunity for your money to grow, building a solid foundation for your future and the legacy you envision. With exclusive bonuses and guaranteed renewability until age 100, the plan ensures your wealth-building journey continues seamlessly, even after your demise. Additionally, starting your legacy creation with a high protection coverage of RM800,000 safeguards your family's future and empowers you to confidently pursue your financial goals. For instance, as illustrated above, if an individual with a wife and two children wishes to protect his dependents and ensure business continuity after his passing, Wealth Creator Premier could help secure that legacy. With a total wealth of RM2mil, RM500,000 is set aside for immediate business continuity, while RM1.5mil in cash is used to purchase the Wealth Creator Premier plan. This plan creates RM6mil* in legacy value, providing RM1.5mil each to the spouse and two children, while increasing the business continuity fund to RM2mil. This ensures both the family's financial security and the sustainability of the business. *The above illustration is based on a 50-year-old male, who is a non-smoker, with a 20-year coverage term and 20-year premium payment term. Terms and conditions apply. With flexible options of premium payment and coverage terms, policyholders can tailor their plan with premium payment terms of five, 10, 15 or 20 years, or align them with coverage terms of 20 or 30 years, or up to age 70 or 80, to fit their legacy planning horizon. Plan benefits The plan is designed with flexibility and long-term security at its core, offering a range of benefits tailored to policyholders' evolving needs, such as: 1. Comprehensive Life Protection > Death, total and permanent disability (TPD) or terminal illness benefit In the event of death or TPD before age 70, the plan provides a payout of the higher value between the basic sum insured (less any withdrawals) and the account value. Upon diagnosis of a terminal illness, 100% of the death benefit will be payable. > Accidental guard booster (AGB) rider Enhance your protection with additional coverage for death or TPD resulting from various accidental events, offering substantial payouts up to RM10mil per life for accidental death and RM4mil per life for accidental TPD. Applicable if the AGB rider is attached. > Maturity benefit Upon the policy's maturity, policyholders will receive the higher of the basic sum insured (less any withdrawals) or any accumulated account value. 2. Exclusive bonuses to maximise your wealth > Loyalty bonus Every two years, starting from the sixth policy anniversary, an additional 0.5% of the average monthly account value over the last two years will be credited to the policyholder's account value. > Special booster Every 15th policy anniversary, an additional 10% of the average monthly account value over the last 10 years will be credited to the policyholder's account value. The aggregate of all Special boosters is payable while the policy is still in force, and shall not exceed a maximum of 10% of the basic sum insured. > Legacy booster At the end of the initial coverage term, an additional 10% of the average monthly account value over the last 10 years will be credited to the policyholder's account value. The total amount payable is subject to 10% of the basic sum insured. > Wellness rewards For policies with a sum insured of RM1mil and above, subject to no claims made on the basic plan, policyholders will enjoy a 5% discount on insurance charges, rewarding you for prioritising your well-being. 3. Flexible solutions to meet your evolving financial needs > Fund switching Policyholders can adapt their investment strategy to changing market conditions by switching between available global and local investment-linked funds at any time, free of charge. > Premium holiday Take a break from paying premium returns without incurring penalties, as long as the account value is sufficient to cover the ongoing insurance and policy charges. > Partial withdrawal Access funds when needed for unexpected events, with a partial withdrawal charge applicable within the first two policy years. With its dual focus on protecting your present and shaping your future, Generali's Wealth Creator Premier plan empowers you to embrace your post-career years with financial confidence, ensuring you can fulfil your dreams while securing a lasting legacy for your loved ones. Sign up during the Wealth Creator Premier campaign from May 1-31 to receive up to two months' premium cashback, up to RM3,000. Terms and conditions apply. For more information, visit
The Star
12-05-2025
- Politics
- The Star
RM1.5mil boost for Tawau's health facilities under SMJ programme
Chief Minister Datuk Seri Hajiji Noor presenting a mock key to one of the Rumah Mesra SMJ recipients during the Thanksgiving and Doa Selamat Ceremony and Outreach Programme with NGOs, held at the Sri Balung Open Hall, Tawau, on Sunday (May 11), while Tawau MP Datuk Lo Su Fui (left) looks on. KOTA KINABALU: Health facilities in Tawau received a significant boost with over RM1.5mil in contributions channelled through the Sabah Maju Jaya (SMJ) development programme. At a thanksgiving and community engagement event held at the Sri Balung Open Hall on Saturday (May 10), Chief Minister Datuk Seri Hajiji Noor presented RM1mil for the Sri Stella Rehabilitation Hub and RM500,000 for the East Coast Respiratory Corridor at Tawau Hospital. 'This reflects the state government's commitment to enhancing healthcare and community welfare across the state,' said Hajiji, who also handed over three hearses to local mosques. The event also saw Hajiji engaging with recipients of the Sentuhan Kasih Rakyat (Syukor) programme and presenting keys to 10 Rumah Mesra SMJ recipients in the Balung state constituency. Organised as a gesture of gratitude for the successful rollout of the state's development agenda, the gathering marked progress in implementing the SMJ Development Plan 1.0 (2021–2025). As part of the outreach, Hajiji also officiated the 'Outreach Programme with NGOs and Young Entrepreneurs', a personal initiative driven by the Institute for Government and People's Cooperation (Ikrar), aimed at empowering 5,000 young rural entrepreneurs across Sabah. A total of 100 participants from Balung were selected for this phase. 'The state government remains committed to implementing inclusive, high-impact, and sustainable programmes that directly benefit the people,' Hajiji added. A total of 234 Syukor recipients from Balung attended the event.
