Latest news with #RM14mil
The Star
21-05-2025
- Business
- The Star
Hup Seng eyes growth despite global volatility
The group said it remains focused on enhancing overall performance by innovating its product portfolio and expanding its distributor network. PETALING JAYA: Hup Seng Industries Bhd remains cautiously optimistic about its outlook for the rest of the year, despite anticipating a highly competitive operating environment amid ongoing global uncertainties, including developments in US trade policy. 'The group witnessed some margin compression due to cost pressures. Nevertheless, efforts to enhance operational efficiency will continue to mitigate as much as possible the impact of higher input costs,' the food and beverage company said. Additionally, it remains focused on enhancing overall performance by innovating its product portfolio and expanding its distributor network to safeguard revenue and profitability. In the first quarter ended March 31, Hup Seng's net profit fell 24.2% to RM10.6mil, compared with almost RM14mil in the year-ago quarter. Revenue for the quarter dipped 2% to RM91.7mil against RM93.6mil last year, while earnings per share declined to 1.32 sen from 1.75 sen previously.
The Star
21-05-2025
- Business
- The Star
Hup Seng's 1Q profit slips 24%, stays focused on efficiency and expansion
KUALA LUMPUR: Hup Seng Industries Bhd remains cautiously optimistic about its outlook for the rest of the year, despite anticipating a highly competitive operating environment amid ongoing global uncertainties, including developments in US trade policy. 'The group witnessed some margin compression due to cost pressures. Nevertheless, efforts to enhance operational efficiency will continue to mitigate as much as possible the impact of higher input costs,' the food and beverage company said. Additionally, it said it remained focused on enhancing overall performance by innovating its product portfolio and expanding its distributor network to safeguard revenue and profitability. In the first quarter ended March 31, Hup Seng's net profit fell 24.2% to RM10.6mil compared with almost RM14mil in the year-ago quarter, due to lower revenue and higher input costs. Revenue for the quarter dipped 2% to RM91.7mil against RM93.6mil last year, while earnings per share declined to 1.32 sen from 1.75 sen previously.
The Star
09-05-2025
- Business
- The Star
Mixed views on revised KL plan
Members of the public perusing the revised KLLP2040. SEVERAL key recommendations by stakeholders remain unaddressed in the revised draft Kuala Lumpur Local Plan 2040 (KLLP2040), says Save Kuala Lumpur (SKL) coalition group. Its chairman Datuk M. Ali said Kuala Lumpur City Hall (DBKL) had acknowledged some suggestions by ratepayers, including the plot ratios for green lungs and public halls. However, he said, concerns remained over questionable and ambiguous categorisation of open spaces. 'Yes, they have made some adjustments to the plot ratios, but the larger concern is how easily public open spaces are being reclassified for private use. 'It feels like they are legitimising commercial development at the expense of green lungs. 'For instance, a Public Open Space (OS1) in Jalan Damansara has been reclassified to Private Open Space (OS3), effectively allowing a hotel's development. 'Similarly, in Jalan Maarof (Bangsar), a five-storey commercial building is now being legitimised despite standing amid predominantly low-rise residential structures,'' he said. Photo at left: Kok (left) and her staff talking to DBKL staff on issues related to the plan. Ali also voiced discontent over changes in Taman Tun Dr Ismail (TTDI), where land for a public hall was being rezoned for commercial purposes. 'We requested it be reinstated as institutional (use for public facility). 'If one request (to rezone) is allowed, everyone will start asking for it,' he said. Ali was among many Kuala Lumpur residents who attended a three-day public inspection of the KL Local Plan, which ended yesterday. The display of the plan at Menara DBKL was scheduled for 9.30am to 4.30pm, with a two-hour lunch break from 12.30pm to 2.30pm each day. However, some participants claimed they were not aware that there would be a two-hour lunch break each day. DBKL is planning to launch KLLP2040 this month. When met at Menara DBKL, Seputeh MP Teresa Kok told StarMetro that many areas in her constituency and across the city had been earmarked for redevelopment. She also voiced her frustration on learning that the police reserve land in Taman Desa had changed hands, with plans for a condominium. She claimed that the 0.32ha plot was sold for RM1.9mil, a fraction of its RM14mil market value. 'It is shocking. The government is selling prime land in KL at such bargain prices,' Kok said, adding that these deals needed to be reviewed. Happy Garden Residents Association secretary Evelyn Lau said that out of 20 pages of suggestions that they had submitted, only two were partially considered. She said Jalan Kelang Lama was extremely congested, with cars clogging the roads and developments consuming valuable infrastructure. She urged DBKL to take a closer look at the neighbourhood and prioritise sustainable development. Meanwhile, business owner Allen Lim was happy to find out that premises on Jalan Abdullah, Lorong Abdullah and Lengkok Abdullah in Bangsar would be retained for commercial use. The former houses-turned-businesses were categorised as residential in the initial KLLP2040. This, Lim said, would have disrupted businesses in the area.
The Star
24-04-2025
- General
- The Star
UK charity marks 25 years of orangutan conservation in Sabah
KOTA KINABALU: UK-based charity Orangutan Appeal UK is marking 25 years of conservation work in Sabah, celebrating a milestone that underscores its long-standing partnership with the Sabah Wildlife Department. In a press release issued on Thursday (April 24), the organisation announced it will be holding a special anniversary event on April 30 at Sepilok Hall, Sandakan, to commemorate a quarter of a century of support for orangutan conservation, particularly at the Sepilok Orangutan Rehabilitation Centre. Since 2000, the charity has contributed over RM14mil to various conservation efforts, including providing vital veterinary care, equipment, infrastructure, and supporting the rescue and rehabilitation of orphaned and injured orangutans. It also employs 13 local staff and has played a key role in raising international awareness of the challenges faced by the Bornean orangutan. Chairman of Orangutan Appeal UK, Jacha Potgieter, said the celebration is an opportunity to recognise the power of collaboration and the progress achieved over the past two decades. 'This anniversary is a chance to celebrate what's been achieved through strong partnerships, particularly with Sabah Wildlife Department, whose leadership and commitment have made so much possible,' he said. 'Orangutan conservation requires long-term dedication, and we're proud to continue supporting efforts here in Sabah, where the impact is both immediate and lasting.' The upcoming celebration will bring together guests, conservation partners, and local stakeholders to honour the shared journey and continued commitment to protecting one of the region's most iconic and endangered species. Despite the progress made, the charity said the threats to orangutans are far from over. However, it remains hopeful that with sustained public support and close collaboration with local authorities, the future of the species can be secured. More information about Orangutan Appeal UK and its work in Sabah is available at
