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New Straits Times
23-07-2025
- Business
- New Straits Times
[UPDATED] Police: E-commerce scams cost Malaysians RM63mil in six months
KUALA LUMPUR: KUALA LUMPUR: E-commerce fraud continues to rise at an alarming rate, with over RM63 million in losses recorded in the first six months of 2025. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Rusdi Mohd Isa said a total of 5,252 cases were reported between January and June this year, involving multiple digital platforms including Facebook, WhatsApp, Instagram, Telegram, TikTok and He said the most common modus operandi involved fake sellers offering non-existent items, which were never delivered despite payment made by victims. "Other tactics include fraudulent websites designed to appear legitimate, which are used to steal personal and financial information, as well as phishing attacks via email or messaging apps that impersonate e-commerce companies," he told reporters today. Rusdi said some scams also involve false refund claims and the use of stolen credit cards in online transactions. "E-commerce fraud cases have remained persistently high in recent years, with 9,247 cases involving RM139 million in losses in 2022, 10,372 cases involving nearly RM175 million in losses in 2023, and 7,662 cases involving RM70.8 million in losses last year. "Between January and June this year, 5,252 cases have already been reported involving RM63.9 million in losses. "We urge consumers to only perform transactions on trusted, reputable platforms, and to check reviews and ratings from previous buyers before making purchases. "Avoid sharing sensitive information such as your identification number or bank details carelessly. Use secure and traceable payment methods, and be cautious of prices that seem too good to be true," he said. Rusdi also advised the public to remain vigilant and report any suspicious online activity to the authorities to help curb this growing threat.
Malaysian Reserve
21-07-2025
- Automotive
- Malaysian Reserve
Atlan to sell entire stake in United Industries for RM175m to Duty Free International
ATLAN Holdings Bhd has proposed to dispose of its entire equity interest in United Industries Holdings Sdn Bhd (UIHSB) to its 75.53%-owned Singapore-listed subsidiary Duty Free International Ltd (DFIL) for RM175 million in cash. The transaction, which involves 37.7 million shares representing 100% equity in UIHSB, is part of a strategic move to streamline Atlan's business structure and strengthen its financial position, the group said in a bourse filing. The sale consideration values UIHSB at 8.57 times its audited FY2025 profit after tax and minority interest (PATAMI) of RM20.42 million, and 4.91 times its EBITDA of RM38.47 million. UIHSB and its subsidiaries manufacture and market automotive component parts including exhaust systems, fuel tanks, and brake systems, supplying to original equipment manufacturers (OEMs) in Malaysia. Despite the full disposal, UIHSB will remain a subsidiary of Atlan by virtue of Atlan's majority stake in DFIL. However, Atlan's effective ownership in UIHSB will drop from 100% to 75.53%, which will reduce its attributable earnings going forward. Proceeds from the sale will be used for the redevelopment of Atlan's Jalan Ampang property (RM60 million), potential investments (RM78.5 million), working capital (RM30 million), and transaction expenses (RM6.5 million). Meanwhile, DFIL is proposing to diversify its core business beyond duty-free retailing to include automotive parts manufacturing, in line with its acquisition of UIHSB. The group said the new business will provide stable recurring income and reduce reliance on the increasingly competitive duty-free segment. The acquisition and diversification are subject to shareholder approvals at upcoming EGMs of both Atlan and DFIL. If approved, the deal is expected to be completed in 4Q2025. –TMR
New Straits Times
21-07-2025
- Automotive
- New Straits Times
Atlan Holdings to dispose of 100pct equity interest in United Industries for RM175mil
KUALA LUMPUR: Atlan Holdings Bhd has inked a conditional agreement to sell the entire paid-up capital of its automotive components manufacturing arm, United Industries Holdings Sdn Bhd (UIHSB), to its 75.53 per cent-owned subsidiary Duty Free International Ltd (DFIL) for RM175 million. The transaction involves the sale of 37.7 million shares, representing 100 per cent equity interest in UIHSB, Atlan said. "The proposed disposal is intended to strengthen the company's financial position by providing additional capital to support its working capital requirements and drive the expansion of its property and hospitality business as well as fund potential investments," it said in a filing with Bursa Malaysia today. Atlan said it plans to utilise RM60 million for redeveloping its property located in Jalan Ampang, Kuala Lumpur; RM78.50 million for potential investments that complement its existing business; and RM30 million for working capital. "The disposal will also allow the company to monetise its investment in the United Industries Group, realising its value in cash while retaining substantial control of the group," it said. The disposal to Singapore-based DFIL is expected to be completed by the fourth quarter of 2025. It is subject to the approval of Atlan's shareholders as well as the non-interested shareholders of DFIL. Meanwhile, DFIL said in a statement that the proposed acquisition of UIHSB represents a strategic initiative by the group to diversify beyond its existing core business in duty-free and duty-paid retailing in Malaysia. "While the duty-free segment continues to be a key revenue contributor, the board acknowledges the need to mitigate concentration risk and enhance the group's long-term resilience by expanding into business sectors that is able to provide stable recurring income," it added.
Borneo Post
07-07-2025
- Politics
- Borneo Post
Use rural funds to uplift women and families, not just fix pipes - Jannie
Jannie KOTA KINABALU (July 7): Kapayan assemblywoman Jannie Lasimbang has urged the Sabah Government to ensure that the additional rural development funds under the supplementary budget bring about long-term, meaningful change for women and families, rather than being limited to short-term infrastructure fixes. Debating the supplementary budget — which includes over RM175 million allocated for improving water supply and pipe systems across the state — Jannie welcomed the move but emphasised the need for deeper commitments to strengthen resilience in rural communities, particularly through empowering women. 'This is a much-needed step that shows the government is listening to people's frustrations over unreliable water supply and poor quality. But solving pipe leaks alone won't lift people out of poverty. We need to help families, especially women, stand on their own feet,' she said. She noted that while RM68 million has been allocated to the Ministry of Rural Development, the funds should not be restricted to physical infrastructure projects. 'I believe we need to look beyond just giving aid. We must build people's capacity to uplift themselves. That starts with women,' she added. Jannie proposed that part of the rural development allocation be channelled into targeted programmes for women's economic empowerment, stressing that thriving women lead to stronger families and communities. 'I urge the government to establish a Special Women's Microfinancing Scheme in Sabah, so women in villages and small towns can start businesses and generate income,' she said. She also called for direct, streamlined assistance for vulnerable women — including widows, single mothers, and abandoned wives — to help them support their children's education and daily needs without having to navigate 'burdensome bureaucracy.' Jannie further pushed for: Fair recognition of Indigenous women's rights under native customary land (NCR) programmes, stronger legal protection against domestic violence, sexual harassment, and child marriage — including within Sabah's customary legal system and stable annual funding for women's NGOs, particularly those serving remote communities. In her continued advocacy for gender parity in leadership, she repeated her call for at least 30% of community leadership positions such as village chiefs, native chiefs, JKKK heads, and local councillors, to be filled by women. 'If we want our policies and development plans to truly reflect the needs of all Sabahans, we must invest in women leaders from every background. Let women's voices be part of every decision,' she urged. She also welcomed the additional allocation for care centres for senior citizens and persons with disabilities, but called for improved training for caregivers to ensure that care services remain humane, inclusive, and gender-sensitive. 'I fully support this additional budget, but it must be spent transparently and efficiently, with the community involved in monitoring every ringgit. If we do it right, this will not just fix pipes and drains — it will lift families and bring dignity and security to women across Sabah,' Jannie stressed.
The Star
26-06-2025
- The Star
Civil servant, college student lose RM155,000 in scams
CHUKAI: A civil servant and a college student in the Kemaman district lost a total of RM155,000 after falling victim to two separate scams. Kemaman OCPD Supt Mohd Razi Rosli said that in the first case, a 40-year-old man was contacted on June 19 by an Indonesian woman he had recently befriended on social media. He added that she persuaded the victim to join an online tourism investment scheme that promised lucrative returns, resulting in the man investing a total of RM175,510, made via eight transactions into two different bank accounts between June 19 and 24. "But the victim became dissatisfied and felt cheated when he only received returns amounting to RM90,510. "He lodged a police report when he could not get hold of the investment agent or the woman,' he said in a statement on Thursday (June 26). In the second case, Supt Razi said the 20-year-old college student was contacted by a man posing as a police officer on Sunday (June 22). "The suspect claimed that the student was involved in money laundering and needed to make a payment to avoid arrest. "Overcome with fear and panic, the student made three payments totalling RM70,000 through an ATM on Tuesday and Wednesday (June 24 and 25) using funds from an education loan and a recent inheritance,' he said. – Bernama
