Latest news with #RM135mil
The Star
15-05-2025
- Business
- The Star
Dialog Group maintains positive outlook for FY25
KUALA LUMPUR: Dialog Group Bhd is optimistic about its performance for the financial year ending June 30, 2025 (FY25). 'As the economic environment is expected to remain challenging in the short to medium term, we will continue to build and strengthen our competencies by investing in and upskilling our workforce, and digital transformation to ensure we remain efficient and competitive,' it said in the notes accompanying its financial results. In the third quarter ended March 31, Dialog's net profit fell 13.6% to RM135mil, or earnings per share of 2.39 sen, compared with RM156.2mil, or 2.77 sen in the year-ago quarter. Its revenue fell 17.6% to RM578.8mil from RM702.2mil achieved a year ago. For the nine months ended March 31, Dialog posted a sharply lower net profit of RM156.4mil, down from RM436.6mil, while revenue fell 19% to RM1.9bil from RM2.3bil. It has declared an interim dividend of 1.30 sen per share for FY25, payable on June 26 to shareholders registered in the record of depositors as at June 12. Dialog said it remained focused and steadfast in executing its long-term strategies across the energy sector's upstream, midstream and downstream segments. Backed by a dedicated management team, Dialog said the group is confident that its integrated business model is well-positioned to navigate economic uncertainties, oil price volatility and currency fluctuations. Dialog said it would continue expanding its upstream business by developing and rejuvenating oil and gas fields. The company added that development of the Baram Junior Cluster, a 70:30 joint venture with Petros, started in January 2025 following the final investment decision. Meanwhile, pre-development studies for the RAJA Cluster Small Fields Asset Production Sharing Contract, awarded to DIALOG in December 2024, are currently underway. Dialog, the second-largest independent terminal owner and operator in Southeast Asia with 5.1 million m³ of operating capacity, said its Midstream business will remain a key focus. 'Our focus will be on our ongoing development of Pengerang Deepwater Terminals (PDT) into one of the largest petroleum and petrochemical hubs for the Asia Pacific region. 'Within PDT, Dialog and Petronas Gas Bhd joint venture has commenced work on the liquefied natural gas-driven air separation unit facility,' it said. Dialog is also expanding into renewable fuel storage at Dialog Terminals Langsat 3. The first phase, comprising 24,000 m³ of storage, began operations in February 2025. The second phase, adding 150,000 m³ of capacity, is expected to be completed by September 2026, reinforcing the group's focus on sustainable, recurring income. In its downstream business, Dialog will maintain focus on its core EPCC and maintenance services, adopting a cautious and selective approach to new projects that align with its risk management framework and strategic goals amid market uncertainties.
The Star
21-04-2025
- Business
- The Star
Only 10% of Teachers Provident Fund contributors have retrieved unclaimed funds
KUALA LUMPUR: Only 10% of former teachers who contributed to the Teachers Provident Fund (KWSG) between 1962 and 1972 have come forward to retrieve their unclaimed money from the Accountant General's Department as of April 2025. Tun Hussein Onn Teachers' Foundation chief executive officer, Zahiruddin Mohammad Hanif, said this figure represents 185 former teachers or their heirs who have made claims. As a result, the unclaimed funds under the Unified Teachers Service (UTS) scheme have decreased to RM11.7mil from RM13.58mil in 2018, he said. "Since the announcement in 2018, not many heirs have come forward. Out of 1,910 contributors, 1,725 have yet to make a claim. So far, fewer than 200 individuals have come forward, which is only about 10%. "The contributors were UTS teachers who served between 1962 and 1972. They are not recipients of government pensions," he said. He dismissed recent claims circulating online that the unclaimed KWSG contributions of former UTS teachers have reached RM135mil. Zahiruddin explained that contributions categorised as unclaimed funds remain with the Accountant General's Department, and may still be retrieved at any time. Commenting on the delay in claims, he said many families were unaware their relatives had contributed to the fund, and outdated contact information makes it difficult for the foundation to reach them. "It's not that the families are intentionally delaying, but many simply don't know. The addresses we have are outdated, so notification letters are often returned. Without current contact details, we have no way of locating the contributors," he said. Zahiruddin added that the foundation will issue another media statement soon to encourage eligible next of kin to come forward and claim the funds at any time. He said contributors or their next of kin may initiate claims at the Accountant General's Department, which will verify their status with the foundation. Eligible individuals may check their status at or contact the foundation at 03-8890 2427. Zahiruddin said that the verification process is important to prevent misuse or fraudulent claims, emphasising that the foundation has not appointed any third parties or agents to manage the claims process. "The list of contributors can be checked via a link uploaded on the Tun Hussein Onn Teachers' Foundation official channels. That's the only authorised way to verify names. "We've decided not to publish the names in media releases to prevent any risk of exploitation," he said. In 2018, Zahiruddin reported that the total amount of unclaimed contributions in the KWSG stood at RM13.58mil, involving 1,910 contributors who served as teachers since the 1950s. - Bernama
