Latest news with #RM16
New Straits Times
a day ago
- Business
- New Straits Times
Negri Sembilan, a major growth frontier for SD Property
KUALA LUMPUR: Negri Sembilan has emerged as a key growth frontier for some property developers particularly Sime Darby Property Bhd (SD Property). SD Property plays an instrumental role as one of the lead developers of the Malaysia Vision Valley 2.0 (MVV2.0) development corridor. MVV2.0 is a catalytic development initiative aimed at unlocking the economic potential of Negri Sembilan. As part of the National Physical Plan, MVV2.0 is intended to transform the southern corridor of the Klang Valley into a new growth frontier, leveraging strategic connectivity and proximity to Greater Kuala Lumpur. SD Property contributes to the activation of this corridor by unlocking its sizeable landbank in Nilai and Labu. Currently, SD Property holds about 4,000 acres of remaining land within MVV2.0, with an estimated remaining gross development value of RM16 billion. TA Securities said SD Property's management sees Negri Sembilan as a fast-emerging hotspot, offering industrial land at significantly more competitive pricing, about half the cost of similar offerings in Selangor while enjoying superior accessibility. This view is increasingly reflected in the group's sales composition, as Negri Sembilan accounted for 20 per cent of its total property sales in the quarter, up markedly from an average of just five per cent in FY24. The strong demand for units at Hamilton Nilai City and the positive initial response to Vision Business Park (VBP) highlight the state's growing importance as a strategic industrial destination. VBP, a 760-acre integrated industrial and commercial estate located within MVV2.0, is a key project for the property developer. Launched in April, VBP boasts an estimated gross development value of RM2.4 billion. It is situated near key infrastructure nodes including KLIA, KLIA2, the Nilai Inland Port and the North-South Expressway. The project is designed to attract logistics operators, light manufacturers, and technology-driven businesses, with product offerings ranging from ready-built factories and industrial plots to R&D facilities and commercial shop offices.
Malaysian Reserve
27-05-2025
- Business
- Malaysian Reserve
Tenaga 1Q net profit jumps 48% on forex gains and lower costs
TENAGA Nasional Bhd posted a strong start to its 2025 financial year with a 48% rise in net profit to RM1.1 billion for the first quarter ended March 31, 2025 (1Q25), driven by foreign exchange gains and a 3% decline in operating expenses. Revenue grew 17.6% to RM16 billion, boosted by higher electricity sales under the regulatory incentive-based framework. The group recorded a foreign exchange gain of RM38.9 million compared to a RM171.3 million loss a year earlier, and benefited from an over-recovery in fuel costs of RM175.2 million versus a large under-recovery previously. Tenaga expanded its domestic data centre operations and secured new supply contracts while progressing with renewable energy projects in the UK. The company anticipates further financial strengthening from the upcoming regulatory period (RP4 2025-2027). — TMR
Straits Times
23-05-2025
- Health
- Straits Times
Malaysia cracks down on counterfeit medicine, urges consumers to exercise precaution
Counterfeit supplements often do not contain the correct active ingredients. PHOTO ILLUSTRATION: PEXELS PETALING JAYA - Over 6,000 units of unregistered supplements worth RM16 million (S$4.8 million) have been confiscated in the past five years, but fake medicines are still freely available in the market. The Malaysian Health Ministry is now intensifying efforts to crack down on such counterfeit medicine, reminding consumers to exercise caution when purchasing medicines or supplements online. 'These fake health products are often sold by irresponsible individuals who are more interested in profit than public safety,' its Pharmacy Enforcement Division told The Star. The Star had reported on May 17 that some supplements were being sold online with fake holograms and questionable content. Counterfeit supplements often do not contain the correct active ingredients while some may contain too much, too little or none at all – and could be ineffective in treating a condition or make it worse. 'Many also contain dangerous or toxic substances. Additionally, these products are often manufactured in unsanitary environments, raising the risk of contamination,' the ministry said. To safeguard public health, the division is intensifying efforts to monitor websites, social media platforms and online marketplaces to detect and investigate the sale of counterfeit products. 'Any identified links or listings will be subject to legal action,' it said. The division is also working closely with major e-commerce and social media platforms to ensure fake listings are swiftly removed and repeat offenders are dealt with accordingly so items are taken off the market quickly. In Malaysia, all pharmaceutical products and health supplements must be registered with the ministry's Drug Control Authority and need a valid registration number, which begins with MAL followed by a number. These packages will also have a security hologram on the packaging. 'Since 2005, the use of security holograms has played an important role in safeguarding consumers from counterfeit products,' the ministry said. 'In 2019, the ministry introduced the FarmaTag hologram to enhance and modernise the existing system. FarmaTag allows consumers and enforcement authorities to verify the authenticity of registered products.' Although counterfeiters have attempted to imitate the hologram, genuine products can still be identified by examining the unique security elements embedded in the FarmaTag label. The ministry also encouraged consumers to scan the hologram using the FarmaChecker mobile application upon receiving the product, and is also organising public education initiatives to raise awareness. 'One key initiative is the Tolak Ubat Tidak Sah campaign, a nationwide effort to educate the public about the dangers of using unregistered and counterfeit medicine,' it said. It also advised consumers to buy their medicine and supplements from reputable sources such as licensed pharmacies or verified platforms, and to be wary of heavily discounted products online as these are often counterfeits. 'Fake supplements can cause serious health complications, especially when consumed without proper medical supervision,' it said, adding that genuine products should always come in sealed original manufacturer packaging. 'If possible, compare the product with previous purchases. Any noticeable changes in pill size, shape, colour, taste or markings should raise suspicion. Be cautious of tablets or capsules that appear cracked, powdery or unusually coated with excess powder or crystals.' Buyers can report sellers of counterfeits, especially those operating through online channels, to the ministry. 'Consumers should also be on guard against unsolicited offers, particularly through spam emails or flashy advertisements on social media platforms. These are common tactics used by counterfeit product sellers to lure unsuspecting buyers with 'too-good-to-be true' deals,' it said. Consumers can also visit the National Pharmaceutical Regulatory Agency's website at to verify the registration status of any health products. Counterfeit products can also be reported through the Public Agency Complaints Management System. THE STAR/ASIA NEWS NETWORK Join ST's Telegram channel and get the latest breaking news delivered to you.
The Sun
21-05-2025
- Business
- The Sun
NAFAS announces 10% DPK dividend
PUTRAJAYA: The National Farmers Organisation (NAFAS) has announced a 10 per cent dividend for the National Farmers Fund (DPK) for the financial year ending Dec 31, 2024, under the Farmers' Special Investment Scheme (SPKP). Minister of Agriculture and Food Security Datuk Seri Mohamad Sabu said the dividend comprises seven per cent in returns and a three per cent bonus for the first 100,000 investment units, involving a total payout of RM16 million to 15,000 investors. Also announced was a 0.75 per cent hibah (non-guaranteed gift) for the DPK Al-Wadiah General Savings Account, with an overall payout commitment of RM100,000. Mohamad Sabu said the DPK recorded impressive growth in 2024, including in profits, asset value, and distribution of benefits to investors. 'This reflects investors' confidence in the administrative structure and investment policies spearheaded by DPK, which continue to strengthen year after year,' he said in his speech at the SPKP DPK dividend announcement ceremony here today. Mohamad said DPK's efforts to diversify its investment portfolio, including modern agricultural projects and specialised financial services, proved that farmers can also be economic players in a broader ecosystem. However, he cautioned that DPK must not rest on its current success and should continue to be aggressive in exploring new investment opportunities to provide even higher returns to investors. 'In my view, the time has come for DPK to expand its investment partnerships, possibly with financial institutions, agri-tech companies, or in the rapidly growing green investment sector,' he said. Meanwhile, DPK Steering Committee chairman Haris Alimudin said in his speech that DPK recorded a net profit of RM20.03 million, attributed to more efficient and strategic fund management. He said this represented DPK's best performance to date — not only competitive but also reflecting investor confidence in efficient and ethical management. 'On average, over the past three years, DPK has recorded an income growth of around 21 per cent per year and asset growth of approximately 7.5 per cent annually,' he said. Haris said SPKP-DPK investments reached RM264.7 million by the end of 2024 — a nine per cent increase from the previous year — indicating a growing investment trend among members. During the event, the Klang Area Farmers Organisation (PPK Klang) was named top winner of the Best Agent Incentive and Highest Collection Award for 2020 to 2024, followed by PPK Batu Pahat Tengah and PPK Ledang Tangkak. Commenting on the announced dividend, PPK Klang General Manager Masdura Supian said she believed all DPK investors were very grateful for the higher-than-expected rate. 'We did not anticipate 10 per cent, as for the past two years we only received around eight to nine per cent. This is extremely joyful news for our investors,' she said. Meanwhile, PPK Batu Pahat Tengah General Manager Syahurin Sarjuni said the dividend rate was highly competitive compared with other investment options. 'When we compare, this is one of the investments offering high returns... our PPK investors hope that this DPK investment will continue to yield even better returns,' he said.
Barnama
21-05-2025
- Business
- Barnama
NAFAS Announces 10 Pct DPK Dividend
PUTRAJAYA, May 21 (Bernama) -- The National Farmers Organisation (NAFAS) has announced a 10 per cent dividend for the National Farmers Fund (DPK) for the financial year ending Dec 31, 2024, under the Farmers' Special Investment Scheme (SPKP). Minister of Agriculture and Food Security Datuk Seri Mohamad Sabu said the dividend comprises seven per cent in returns and a three per cent bonus for the first 100,000 investment units, involving a total payout of RM16 million to 15,000 investors. Also announced was a 0.75 per cent hibah (non-guaranteed gift) for the DPK Al-Wadiah General Savings Account, with an overall payout commitment of RM100,000. Mohamad Sabu said the DPK recorded impressive growth in 2024, including in profits, asset value, and distribution of benefits to investors. 'This reflects investors' confidence in the administrative structure and investment policies spearheaded by DPK, which continue to strengthen year after year,' he said in his speech at the SPKP DPK dividend announcement ceremony here today. Mohamad said DPK's efforts to diversify its investment portfolio, including modern agricultural projects and specialised financial services, proved that farmers can also be economic players in a broader ecosystem. However, he cautioned that DPK must not rest on its current success and should continue to be aggressive in exploring new investment opportunities to provide even higher returns to investors. 'In my view, the time has come for DPK to expand its investment partnerships, possibly with financial institutions, agri-tech companies, or in the rapidly growing green investment sector,' he said. Meanwhile, DPK Steering Committee chairman Haris Alimudin said in his speech that DPK recorded a net profit of RM20.03 million, attributed to more efficient and strategic fund management.
