Latest news with #RM15.9
The Sun
5 days ago
- Business
- The Sun
Govt allocates RM15.9 million to develop agricultural infrastructure, mechanisation services
BAGAN SERAI: The government has allocated RM15.9 million through the Agrofood Mechanisation and Automation Programme to enable departments and agencies under the Ministry of Agriculture and Food Security (KPKM) to develop farm infrastructure and deliver mechanisation services to targeted groups nationwide. Its Deputy Minister, Datuk Arthur Joseph Kurup said that of the total, RM11 million is allocated for the procurement of agricultural machinery, equipment and systems, while RM2.6 million is for the development of farm infrastructure, buildings and mechanisation facilities. RM1 million, meanwhile, is for the supply of machinery spare parts, agricultural mechanisation and automation and so on. 'This proves that the government has taken steps to ensure farmers benefit from modern technology... so that we can increase agricultural yield, reduce operational costs and make the sector more sustainable,' he said when speaking at the Perak state-level Agricultural Machinery and Equipment Handover ceremony at Dewan Dato' Zainal Abidin Zin here today. He also expressed confidence that such programmes would empower the agricultural sector, to address whatever hurdles and challenges it faced. As for the programme, he said a total of RM643,985.72 has been allocated for the distribution of small and medium-sized machinery through a matching grant to 185 recipients, involving 20 Farmers' Organisations across Perak. Arthur said this is part of efforts by KPKM and the Farmers' Organisation Authority (LPP) to assist and support farmers in ensuring the country's food security continues to be protected.
The Sun
5 days ago
- Business
- The Sun
Govt allocates RM15.9m to develop agricultural infrastructure
BAGAN SERAI: The government has allocated RM15.9 million through the Agrofood Mechanisation and Automation Programme to enable departments and agencies under the Ministry of Agriculture and Food Security (KPKM) to develop farm infrastructure and deliver mechanisation services to targeted groups nationwide. Its Deputy Minister, Datuk Arthur Joseph Kurup said that of the total, RM11 million is allocated for the procurement of agricultural machinery, equipment and systems, while RM2.6 million is for the development of farm infrastructure, buildings and mechanisation facilities. RM1 million, meanwhile, is for the supply of machinery spare parts, agricultural mechanisation and automation and so on. 'This proves that the government has taken steps to ensure farmers benefit from modern technology... so that we can increase agricultural yield, reduce operational costs and make the sector more sustainable,' he said when speaking at the Perak state-level Agricultural Machinery and Equipment Handover ceremony at Dewan Dato' Zainal Abidin Zin here today. He also expressed confidence that such programmes would empower the agricultural sector, to address whatever hurdles and challenges it faced. As for the programme, he said a total of RM643,985.72 has been allocated for the distribution of small and medium-sized machinery through a matching grant to 185 recipients, involving 20 Farmers' Organisations across Perak. Arthur said this is part of efforts by KPKM and the Farmers' Organisation Authority (LPP) to assist and support farmers in ensuring the country's food security continues to be protected.
The Sun
08-05-2025
- Business
- The Sun
Techstore secures RM15.9m ICT maintenance deal from Home Ministry
PUCHONG: Enterprise IT services provider TechStore Bhd, via its wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has accepted a letter of award (LoA) from the Ministry of Home Affairs to provide maintenance and support services for the software and hardware of information, communication, and technology (ICT) to the Royal Malaysian Police for RM15.9 million. TechStore managing director Eugene Tan Hock Lim said the home ministry entrusted the company with critical ICT maintenance services, reflecting its proven capabilities in enterprise IT solutions and commitment to delivering reliable and responsive support services. 'We remain focused on upholding the highest standards of service quality to support the operational efficiency of key government agencies,' he said in a statement. The LoA will further strengthen the group's order book, which currently encompasses enterprise IT services for Malaysian government agencies, as well as major infrastructure projects such as the LRT3 and the RTS Link between Malaysia and Singapore. 'At TechStore, we are committed to supporting the nation's progress toward a digital transformation economy by providing critical IT security and automation solutions that are localised and customised to meet our customers' needs — covering the full spectrum from consultation and assessment to solution design, hardware and software procurement, implementation, as well as maintenance and support,' Tan said. TechStore's project pipeline remains robust, supported by a tender book of RM647.2 million as of Dec 31, 2024. The group's strengthening track record in the public and infrastructure sectors continues to enhance its market presence and position it to secure larger and more complex projects. Meanwhile, given the group's domestic focus, TechStore's operations are not materially affected by international trade tariffs. To recap, TechStore was listed on the ACE Market of Bursa Malaysia on Feb 18, 2025 and has successfully raised a total of RM25.0 million in proceeds. Tan said group's strengthening track record in the public and infrastructure sectors continues to enhance its market presence and position it to secure larger and more complex projects.
New Straits Times
29-04-2025
- Business
- New Straits Times
Tuju Setia poised for stronger earnings growth in FY25
KUALA LUMPUR: Tuju Setia Bhd's earnings could improve in the financial year 2025 (FY25) following the significant drop in raw material prices and operating costs, according to Rakuten Trade Sdn Bhd. The firm said the construction firm successfully achieved a turnaround in FY24 and expected to grow stronger going forward. It noted that Tuju Setia's outstanding order book stood at RM2.08 billion as of early April 2025, offering strong earnings visibility through to 2028. "In FY24, it secured project wins totalling RM1.6 billion in FY24 from repeat and reputable clients, such as Sunway Group, Avaland, SimeProp, Pelaburan Hartanah, BRDB and Beverly Group. "This solid pipeline enables the Group to leverage operational scale, maintain high work quality and build resilience," it added. Rakuten Trade projects Tuju Setia to record net earnings of RM8.6 million in FY25 and RM15.9 million in FY26, supported by increased project recognition and improving profit margins. The firm said Tuju Setia Bhd is expected to reward shareholders with dividend payouts of 0.6 sen and 1.1 sen for FY25 and FY26, respectively, translating into estimated dividend yields of 2.7 per cent and 5.0 per cent. While concerns remain over the company's relatively high net gearing ratio of 1.07 times as of FY24, it said stronger projected earnings for FY25 are expected to ease the balance sheet. Net gearing is anticipated to improve to below 0.9 times by end-FY25F and further decline to around 0.6 times by end-FY26. Rakuten Trade has issued a "buy" recommendation on Tuju Setia, with a target price of 37 sen per share.
