Latest news with #RM116
Daily Express
18-07-2025
- Daily Express
Eight arrested for alleged smuggling of marine produce off Semporna
Published on: Friday, July 18, 2025 Published on: Fri, Jul 18, 2025 By: Azmie Lim Text Size: Some of the detained suspects and seized items. SEMPORNA: The Marine Police detained eight individuals for allegedly smuggling marine produce from the Philippines in waters off Pulau Sibangkat early Thursday morning. Marine Police Commander ACP Mohd Nazri Ibrahim said the arrests followed intelligence operations that led to the interception of four boats at around 6.30am. Advertisement A total of 824 mantis shrimp and lobsters were seized during the operation, with the suspects – aged 17 to 40 – found without valid documentation from the Fisheries Department. The case is being investigated under the Fisheries Act 1985, with total seizures estimated at RM116,290. In a separate operation, a man was arrested and 600 litres of crude palm oil along with a lorry were seized in Lahad Datu, with the items worth an estimated RM124,100. * 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
New Straits Times
03-07-2025
- Business
- New Straits Times
LB Aluminium proposing to acquire land, properties worth RM22mil
KUALA LUMPUR: LB Aluminium Bhd is planning to acquire a parcel of leasehold industrial land and industrial buildings from Lucksoon Coatings Sdn Bhd for RM22 million. In a filing with Bursa Malaysia today, the company said the acquisition of the industrial land in Banting, Selangor, also includes an industrial complex comprising three adjoining single-storey detached factories, a double-storey office building, an open-sided single-storey factory, three open-sided stores and a guard house. The company also inked a three-year tenancy agreement to rent the property out to Lucksoon Metal Works Sdn Bhd with a monthly rental of RM116,000 per month upon completion of the proposed acquisition. "Lucksoon Metal Works Sdn Bhd is currently occupying the property to run a business of contractors and traders of metal works and metal products. "The proposed acquisition will enable the group to establish an additional source of recurring income and benefit from potential capital appreciation of the property in the foreseeable future," it said.
New Straits Times
01-07-2025
- Business
- New Straits Times
Powerwell accepts RM16.6mil switchboard orders for hyperscale data centre project
KUALA LUMPUR: Powerwell Holdings Bhd has accepted purchase orders (POs) worth RM16.63 million to supply switchboards and components for a hyperscale data centre project at Elmina Business Park, Selangor. In a filing with Bursa Malaysia today, the electrical products manufacturer said its wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, received the POs from RYBE Engineering (M) Sdn Bhd, Protech Builders Sdn Bhd, and LFE Engineering Sdn Bhd. Powerwell said the POs, accepted between April and July this year, are expected to be fulfilled by the first quarter of 2026. "The POs are expected to contribute positively to Powerwell's consolidated earnings and net assets for the financial year ending March 31, 2026," it said. Powerwell added that it does not foresee any exceptional risks apart from normal operational risks associated with POs and will take steps to mitigate these risks. In a separate statement, Powerwell managing director Catherine Wong Yoke Yen said the orders reflected the group's technical capability in delivering data centre projects. "We are delighted to have secured these orders, which reflect our strong technical expertise and proven track record, having completed numerous data centre projects for multinational corporations," she said. Wong added that the company's outstanding order book as of end-March 2025 was about RM116 million, excluding the latest POs. -- BERNAMA
Borneo Post
26-06-2025
- Business
- Borneo Post
New RM99.9 mln road project in Kapit to benefit 11 longhouses, 219 families
Uggah (centre) and others give their thumbs-up to the new road project set to boost Kapit rural connectivity. KAPIT (June 26): The proposed Jalan Nanga Ibau/Ulu Sungai Ibau project, valued at RM99.9 million, is expected to significantly improve rural connectivity and uplift the socio-economic conditions of interior communities, said Deputy Premier Datuk Amar Douglas Uggah Embas. He said the project, involving the construction of approximately 12.5 kilometres of new road and two spur roads, would feature three reinforced steel joist bridges (each 3.7 metres wide), reinforced concrete culverts, drainage systems, geotechnical works, earthworks, and the installation of road furniture. With a construction period of 36 months, the road will directly benefit 11 longhouses comprising 219 families, and improve access to the Nanga Ibau Health Clinic as well as two rural schools – SK Nanga Ibau and SK Nanga Segenok, he added. 'This road project will bring long-term socio-economic benefits to the local community. 'It is part of ongoing efforts to advance the rural development agenda in a comprehensive manner, aimed at providing convenient connectivity for rural communities,' he said during the earth-breaking ceremony earlier today. Uggah, who is also State Infrastructure and Port Development Minister, also expressed appreciation to Premier Datuk Patinggi Tan Sri Abang Johari for allocating significant funding to accelerate rural infrastructure development. Under the State Infrastructure and Port Development Ministry, he noted that 40 state-funded projects are currently being implemented in the Kapit Division. 'The total allocation for all these projects is RM1.233 billion. Of this, 19 projects have been fully completed, while five projects worth RM116 million are currently under construction. 'These include road and bridge developments that are much needed by the rural population. 'The remaining 16 projects, worth RM721 million, are expected to be tendered within this year,' he said, affirming the state government's commitment to ensuring development in rural areas like Kapit. He also urged contractors to commit fully to their work and strictly follow contract terms regarding schedules, specifications, and costs. 'As the project implementing agency, JKR (Public Works Department) Kapit must also ensure this project is handled transparently and efficiently,' he said. On the use of former logging roads, Uggah said the state government is upgrading inactive routes to serve as vital links for economic and social development in Kapit's interior. The Kapit Resident Office had requested RM60 million for this purpose, and RM27 million has been approved to begin upgrading works. An additional RM100 million has been allocated under the 2026 state budget for further road repairs across the region. 'With this approach, it is hoped that the PCDS (Post Covid-19 Development Strategy) 2030 target will be achieved as soon as possible,' he said. Uggah also called on longhouse communities and landowners to support the contractor to ensure smooth project implementation. He stressed that once completed, the road will reduce travel distances and enable landowners to develop idle land, unlocking new economic opportunities and improving quality of life in the area. douglas uggah embas economy Kapit new road rural
Barnama
26-06-2025
- Business
- Barnama
40 Infrastructure Projects For Kapit
KAPIT, June 26 (Bernama) -- A total of 40 infrastructure projects fully funded by the Sarawak government are being and will be implemented in the Kapit Division under the supervision of the Sarawak Ministry of Infrastructure and Port Development. Sarawak Deputy Premier, Datuk Amar Douglas Uggah Embas said that all the projects involved an allocation of RM1.233 billion as part of the state government's ongoing efforts to drive rural development. "Of the total, 19 projects have been fully completed while five others are currently being implemented with a total cost of RM116 million covering the construction of roads and bridges that are much needed by the rural population," he said. According to him, the remaining 16 projects worth RM721 million are expected to be tendered this year. "This reflects the Sarawak Government's continued commitment to ensuring that development is implemented comprehensively, especially in rural areas like Kapit," he said when officiating the groundbreaking ceremony for the Nanga Ibau/Ulu Sungai Ibau road here, today. Uggah, who is also the Minister of Finance and New Economy II, said the road project involves the construction of a 12.5-kilometre road according to JKR R1 standards with a total value of RM99.9 million. The project also includes the construction of two spur roads, three iron bridges, earthworks, the installation of concrete under-road water channels (culverts), a drainage system and the installation of road equipment. He added that the project is scheduled to be completed within 36 months starting May 5, 2025, and is expected to benefit 11 longhouses involving 219 doors and almost 1,900 residents. "This project will also provide better access to the Nanga Ibau Health Clinic and two primary schools, namely SK Nanga Ibau and SK Nanga Segenok," he explained.
