Latest news with #RM106.2mil
The Star
21-05-2025
- Politics
- The Star
Johor allocates RM213mil for 353 flood management projects
ISKANDAR PUTERI: The Johor government will have spent RM213mil to implement 353 flood management projects in hotspots involving 16 local government authorities since 2023. State housing and local government committee chairman Datuk Mohd Jafni Md Shukor said that for 2025 alone, the state has allocated RM106.2mil to implement 104 projects in flood hotspots involving 16 local authorities. He said the Johor Baru City Council received the highest allocation of RM42.4mil to implement 16 flood management projects, followed by the Iskandar Puteri City Council (RM36.1mil; 13 projects), Pasir Gudang City Council (RM9.1mil; 16 projects) and the Kulai Municipal Council (RM5.7mil; 15 projects). The projects involve, among others, upgrading reservoirs, building small dams along drains and raising the drain walls to avoid flooding in the low-lying areas, he said, adding that the methods for solving the flood issue vary from area to area. Apart from that, he said development must also be kept under control. "We have found over the past three years that areas that used to be flood-free have become flooded due to uncontrolled development," he told a press conference here on Wednesday (May 21). Mohd Jafni said there was also a need to improve the conditions and specifications for drainage and flood management in planning permission in line with the rapid pace of development and changing rainfall patterns. "The specifications given to these developers are specifications that are 10, 15 years old and are not relevant to the amount of rainfall that falls now, which has increased five or six times. "If we control the development part, and we solve these flood hotspot areas, the flood problems can be resolved," he said. - Bernama
The Star
08-05-2025
- Business
- The Star
Berjaya Food reports wider loss in 3Q25, remains focused on long-term growth and expansion
KUALA LUMPUR: Berjaya Food Bhd (BFood), which reported its sixth consecutive loss-making quarter, remains committed to growth and diversification by actively expanding its brand portfolio and exploring both local and international markets, despite ongoing challenges faced by Starbucks. BFood said that although current growth remains modest, significant efforts are underway to reposition the business for greater resilience. 'The group is focusing on steadily building a strong foundation for future value creation. Strategic initiatives are already underway to enhance operational performance, and though the impact may not yet be substantial, the direction is clear. 'With continuous efforts to strengthen the core business and execute on its strategic roadmap, the group is well-positioned for sustained progress and improved financial outcomes over time,' BFood said in a filing with Bursa Malaysia. In the third quarter ended March 31 (3Q25), BFood posted a wider net loss of RM37.2mil, compared to RM29.8mil in the same period last year, marking its sixth consecutive loss-making quarter. Revenue for the quarter fell to RM113.6mil, down from RM138.6mil last year, while loss per share increased to 2.10 sen, compared to 1.68 sen previously. BFood said the lower revenue was mainly due to a reduced number of stores in operation compared to the corresponding quarter of the previous year. It said the higher loss was mainly due to the weaker performance of Kenny Rogers Roasters' operations and additional pre-operating costs incurred for the group's overseas operations For the nine months ended March 31, BFood reported a net loss of RM106.2mil, compared to RM53.3mil previously, while revenue dropped to RM360.9mil from RM599.7mil last year. BFood attributed the lower revenue and profit to the prolonged impact of the ongoing sentiment surrounding the Middle East conflict, which affected market dynamics and influenced customer spending patterns.
