Latest news with #RM165
The Sun
a day ago
- Business
- The Sun
Halim Saad loses appeal to reinstate lawsuit against Dr M and government
PUTRAJAYA: Businessman Tan Sri Halim Saad has lost his appeal to reinstate his lawsuit against the government, Tun Dr Mahathir Mohamad, and Tan Sri Nor Mohamed Yakcop. The case involved alleged losses from the government's 2001 acquisition of Renong Bhd and United Engineers Malaysia Berhad (UEM) shares. A three-judge panel dismissed Halim's appeal and ordered him to pay RM20,000 in legal costs. Justice Datuk Supang Lian stated the suit was time-barred under the Limitation Act 1953 and Public Authorities Protection Act 1948. She noted Halim's constitutional rights claim should have been raised in his 2013 lawsuit. The High Court had previously struck out the lawsuit on May 9, 2024. Halim had filed a similar case in 2013 seeking RM1.8 billion in damages but was dismissed due to exceeding the six-year limitation. His 2015 attempt to appeal to the Federal Court also failed. In his latest claim, Halim alleged Dr Mahathir and Nor Mohamed instructed him to abandon a UEM privatisation plan. He claimed the government took over UEM through Khazanah Nasional, forcing him to sell his Renong shares at a loss. Khazanah acquired UEM via Danasaham Sdn Bhd, gaining control of Renong's 32.6% stake. Halim sought compensation for the 2001 takeover and a declaration of his Renong shareholding. The defendants denied coercion, stating Halim approved the deal and received RM165 million in compensation. Halim was represented by lawyers Datuk Malik Imtiaz Sarwar, Ananth, and Yvonne Lim. Senior federal counsel Ahmad Hanir acted for the government, Dr Mahathir, and Nor Mohamed. - Bernama
Barnama
5 days ago
- Business
- Barnama
MNRB's Net Profit Surges To Record High Of RM168.43 Mln In 1Q FY2026
BUSINESS KUALA LUMPUR, Aug 14 (Bernama) -- MNRB Holdings Bhd posted a record-high net profit of RM168.43 million for the first quarter ended June 30, 2025 (1Q FY2026), up 82.7 per cent from RM92.20 million in the same quarter last year. The strong performance was driven by robust insurance/takaful revenue growth and favourable claims experience, particularly in the reinsurance and retakaful segments, the group said in a statement today. Group's revenue rose to RM975.56 million compared to RM857.58 million previously, underpinned by solid contributions from the reinsurance and general takaful businesses. Interim president and chief executive officer, Datuk Rudy Rodzilla Che Lamin said the group's insurance/takaful service result surged 223.5 per cent, supported by strong revenue growth. He noted that the combined ratio was another key financial highlight, continuing its positive trajectory and improving to 73 per cent from 90.1 per cent, driven by lower net incurred claims and attributable expenses. "The improvement reflects more favourable claims experience, particularly within the reinsurance segment, indicating enhanced underwriting discipline and risk diversification. These results affirm our transformation efforts and focus on long-term value accretion. 'We remain committed to executing key initiatives to strengthen and expand our market presence and distribution channels, enhance operational efficiency, and advance talent development," he said. MNRB said the group recorded investment results of RM165 million in 1Q FY2026, up 23.5 per cent from RM133.6 million in the same period last year. The strong quarterly performance lifted annualised return on equity (ROE) to 17.8 per cent, compared to 11.1 per cent in 1Q FY2025, underscoring enhanced capital productivity and shareholder value creation, it said
The Star
5 days ago
- Business
- The Star
MNRB's net profit surges to record high of RM168.43mil in 1QFY26
KUALA LUMPUR: MNRB Holdings Bhd posted a record-high net profit of RM168.43 million for the first quarter ended June 30, 2025 (1Q FY2026), up 82.7 per cent from RM92.20 million in the same quarter last year. The strong performance was driven by robust insurance/takaful revenue growth and favourable claims experience, particularly in the reinsurance and retakaful segments, the group said in a statement today. Group's revenue rose to RM975.56 million compared to RM857.58 million previously, underpinned by solid contributions from the reinsurance and general takaful businesses. Interim president and chief executive officer, Datuk Rudy Rodzilla Che Lamin said the group's insurance/takaful service result surged 223.5 per cent, supported by strong revenue growth. He noted that the combined ratio was another key financial highlight, continuing its positive trajectory and improving to 73 per cent from 90.1 per cent, driven by lower net incurred claims and attributable expenses. "The improvement reflects more favourable claims experience, particularly within the reinsurance segment, indicating enhanced underwriting discipline and risk diversification. These results affirm our transformation efforts and focus on long-term value accretion. "We remain committed to executing key initiatives to strengthen and expand our market presence and distribution channels, enhance operational efficiency, and advance talent optimisation," he said. MNRB said the group recorded investment results of RM165 million in 1Q FY2026, up 23.5 per cent from RM133.6 million in the same period last year. The strong quarterly performance lifted annualised return on equity (ROE) to 17.8 per cent, compared to 11.1 per cent in 1Q FY2025, underscoring enhanced capital productivity and shareholder value creation, it said According to the group, its reinsurance/retakaful arm, Malaysian Reinsurance Bhd (Malaysian Re), delivered its highest-ever 1Q profit after tax (PAT) of RM112.1 million, a 30.3 per cent increase from RM86.1 million in 1Q FY2025. Malaysian Re's insurance/takaful revenue grew 10.1 per cent to RM539.1 million from RM489.6 million, driven by family retakaful portfolios as well as managing general agent (MGA) and specialty lines of business. Meanwhile, the takaful segments, Takaful Ikhlas General Bhd and Takaful Ikhlas Family Bhd, collectively known as Takaful Ikhlas, posted a combined PAT of RM23.9 million, up 43.1 per cent from RM16.7 million in 1Q FY2025 Takaful Ikhlas General's revenue jumped 42.3 per cent to RM267.5 million from RM188 million a year earlier, fuelled by continued expansion in the motor portfolio and strong agency channel contribution. Takaful Ikhlas Family's revenue grew 13.7 per cent to RM91 million from RM80 million, supported by credit-related and single-contribution businesses through its bancatakaful and corporate channels. On prospects, MNRB said its retakaful/reinsurance business will remain focused on pursuing geographic and risk diversification in profitable markets. "While the general takaful business continues to expand its presence in the motor takaful segment, greater emphasis will be placed on accelerating growth in the non-motor segment. "At the same time, the family takaful business will focus on growing its agency force and enhancing agent productivity through targeted development initiatives and retention strategies," it added. - Bernama
Hype Malaysia
6 days ago
- Entertainment
- Hype Malaysia
Fenty Skin, Estée Lauder, Laneige & More: New Beauty Drops To Slay Your Glow-Up Game!
Time to level up your beauty routine. From glow-boosting serums to hydrating cushions, playful scents, and hair must-haves – these new launches make getting ready effortless and fun. Fenty Skin Rihanna is back with a glow revolution with the new Fenty Skin Dew N Plump Hydrating Nectar Glow Serum. This 3-in-1 serum hydrates, plumps, and strengthens your skin's moisture barrier in just one step, making complicated routines a thing of the past. Its lightweight gel texture absorbs quickly, pairs seamlessly with makeup, and leaves skin radiant and dewy from morning to night. The serum also delights the senses with a refreshing scent of bergamot, jasmine, and white orchid. The Fenty Skin Dew N Plump Hydrating Nectar Glow Serum, priced at RM165, is available now in-store and online. Estée Lauder Estée Lauder's Re-Nutriv Ultimate Diamond Age Reversal Lotion brings 15 years of pioneering skin longevity science into a luxurious water-light treatment. Powered by patented SIRTIVITY-LP technology, it targets key sirtuins in the skin to reduce lines, boost firmness, improve texture, and enhance radiance. Infused with Black Diamond Truffle Extract, the lotion also fuels cellular energy to help skin look smoother, plumper, and more youthful with continued use. Clinically tested and dermatologist-approved, this lotion absorbs quickly, so it preps skin for the full Re-Nutriv Age Reversal Ritual while delivering visible improvements from the very first drops. It is suitable for all skin types and helps restore vitality, elasticity, and luminosity for a radiant, age-defying complexion. The Estée Lauder Re-Nutriv Ultimate Diamond Age Reversal Lotion 200ml retails for RM850 and is available now at Estée Lauder locations nationwide, online, and at major international airports. Laneige Laneige brings dewy skin to life with the new Neo Cushion Mewy. Packed with 89 percent skin-caring essence, it gives smooth, lightweight coverage while keeping skin hydrated all day. Its Water Lock System locks in moisture and improves skin texture over time. The cushion is comfortable to wear and comes with a puff and mirror for easy, precise application anytime. BTS's Jin fronts the global campaign, highlighting how the Neo Cushion Mewy creates moisturised and smooth skin with every application. Fans can watch Jin introduce the product and its benefits on Laneige's official social media channels. The Laneige Neo Cushion Mewy is available now at Laneige boutiques, departmental stores, online, and official e-commerce stores on TikTok Shop, Lazada, Shopee, and Zalora. Sol de Janeiro Sol de Janeiro has launched Sundays in Rio, a limited-edition perfume mist that captures the vibrant spirit of Brazil's most joyful day of the week. This floral gourmand fragrance combines pink pepper, pear, and ambrette absolute at the top, warm vanilla, orris concrete, and champaca jungle essence in the heart, and amber musk with upcycled orcanox at the base. Inspired by the Brazilian feeling of aconchego, every spritz creates a cozy, welcoming, and uplifting experience. Sundays in Rio is perfect for adding a feel-good boost to your day, inviting you to embrace boldness and joy with a scent that is both comforting and playful. The Sol de Janeiro Sundays in Rio Perfume Mist is available now for RM125 exclusively at Sephora Malaysia in-store and online. OUAI OUAI's Super Dry Shampoo refreshes hair without a full wash. It absorbs oil, sweat, and dirt while adding volume and texture, leaving hair soft, fresh, and ready for photos. Available in two long-lasting scents, Cape Town with ginger, spearmint, green fig, and basil, and Melrose Place with bergamot, lychee, white musk, and champagne, it is perfect for busy mornings, post-workout touch-ups, or extending time between washes. The OUAI Super Dry Shampoo is available now exclusively at Sephora Malaysia in-store and online. Dyson Omega™ Dyson takes haircare to the next level with the new Dyson Omega™ Nourishing Range. Powered by the Dyson Oli7™ blend of seven omega-rich oils, including sunflower oil from Dyson's own farms in Lincolnshire, this range tackles dry, frizzy, and tangled hair while boosting shine and softness. The hydrating hair oil conditions and seals moisture into the cuticle, and the leave-in conditioning spray nourishes, detangles, and protects hair from heat and UV damage. Together, they deliver salon-worthy results at home while embracing the natural power of farm-grown ingredients. The Dyson Omega™ Hydrating Hair Oil and Leave-in Conditioning Spray are currently available in select markets globally.
Barnama
31-05-2025
- Sport
- Barnama
Harimau Malaya's Draw Against Cape Verde Boosts Team Confidence
SEREMBAN, May 31 (Bernama) -- Youth and Sports Minister Hannah Yeoh has described Harimau Malaya's 1-1 draw against Cape Verde in a Tier 1 international friendly on Thursday in Kuala Lumpur as a positive development for the national team. She said the result, achieved against a team ranked 72nd in the world, will help build the team's confidence ahead of their crucial 2027 Asian Cup qualifying match against Vietnam on June 10. 'I hope every match will provide new confidence for our players, especially as they prepare to face Vietnam,' she told reporters at the 14th National Junior Wushu Championship here last night. bootstrap slideshow The event was graced by the Yang di-Pertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir, and featured nearly 500 exponents from 17 teams nationwide. Malaysia will face Cape Verde again in a closed-door friendly at the National Stadium in Bukit Jalil on Tuesday (June 3) as part of preparations for the qualifier. Hannah also urged fans to turn out in full force to support Harimau Malaya, stressing that the energy and chants from the Ultras can significantly lift the players' spirit. 'The cheers from fans really matter. The Ultras' songs and chants play a big role in motivating the team,' she said, citing the difference in atmosphere during a recent Manchester United-ASEAN All-Stars match without Ultras. She expressed hope the national squad can improve their ranking under the new head coach, with the support of government and corporate sponsorship. On the junior wushu championship, Hannah said her ministry has channelled RM165,000 through the Sports Matching Grant to support the five-day event.
