Latest news with #RM189
New Straits Times
6 days ago
- Business
- New Straits Times
Y&G Corp units buy four Selangor land parcels worth RM395 mln
KUALA LUMPUR: Y&G Corporation Bhd's wholly-owned subsidiaries, Nusa Wibawa Sdn Bhd and Duta Asiana Sdn Bhd, have acquired four parcels of land worth RM395 million. On the breakdown, Y&G said Nusa Wibawa has acquired three parcels of leasehold land in Sepang, Selangor, with a combined area of approximately 38.45 hectares, from Nurani Saujana Sdn Bhd for RM206 million. It added that Duta Asiana Sdn Bhd has purchased a parcel of land measuring 148.52 hectares in Kuala Selangor, Selangor, from Asian Regal Holdings Sdn Bhd for RM189 million. "Y&G has also acquired one million ordinary shares in Konsep Wawasan Sdn Bhd, representing 100 per cent equity interest in the company, for a cash consideration of RM82 million," it said in a filing to Bursa Malaysia today.
Borneo Post
25-06-2025
- Business
- Borneo Post
MPP records rise in assessment rate collection, reaffirms commitment to devt
Tan (centre) and others pose for a photo call after the meeting. KUCHING (June 26): The Padawan Municipal Council (MPP) has recorded an increase in assessment rate collection, with RM16 million collected as of June 2025, marking a 58.06 per cent collection rate, up from 57.47 per cent during the same period last year. Chairman Tan Kai, after chairing the MPP full council meeting yesterday, said the increase demonstrates the council's ongoing commitment to enhance revenue collection and community cooperation. 'Arrears collection has also risen by RM189,000 compared to the same period in 2024. 'MPP has implemented several proactive measures, including mobile counters, door-to-door programmes, SMS and email reminders, follow-up calls, and reminder notices,' he said, stressing that assessment rate revenue is crucial for sustaining services and development in Padawan. Payments can be made at all MPP counters, Service Sarawak locations, the Kuching North City Commission (DBKU), the Kuching South City Hall (MBKS), Post Malaysia Bhd, H&L Supermarkets, and online via the Service Sarawak website, S Pay Global app, and PayBills Malaysia website. Ratepayers who have not received their bills are encouraged to update the contact details at MPP or Service Sarawak counters to receive digital copies. During the meeting, Tan also provided updates on infrastructure projects funded through the Malaysian Road Records Information System (Marris). A total of 121 projects under the Special Marris Road allocation, amounting to RM8.2 million, have been approved, with 47.1 per cent completed. Under the Special Marris Drainage allocation, 28 projects worth RM7.8 million were approved, with 32.14 per cent completed. Separately, 133 out of 411 routine maintenance projects across the council's area have been completed. 'The council reaffirms its commitment to transparency, efficiency, and timely project delivery to ensure maximum benefit for the community,' said Tan. He also warned private developers against carrying out earthworks without prior engineering approval, noting that companies must apply for road permits and clearly indicate routes for heavy vehicles, particularly when transporting construction materials. 'Repeated damage to roads caused by heavy vehicles places a burden on public resources due to frequent repairs,' he said. 'Non-compliance with Section 8A of the Sarawak Building Ordinance 1996 and planning regulations may lead to enforcement, including site closure. A non-compliant site was closed just last month as part of such enforcement efforts.' Moreover, MPP is also moving to regularise unauthorised advertisements within its jurisdiction. Tan stressed that all advertisements must follow council guidelines and by-laws to ensure public safety and preserve the townscape. 'Violators may face a compound of RM1,000 under By-law 28 of the Local Authorities (Advertisements) By-laws 2012,' he said, adding that MPP is committed to working closely with business owners to support compliance and guide them through proper licensing procedures. On another matter, MPP will hold a free dog licensing, anti-rabies vaccination, and microchipping programme this Saturday at the Kota Sentosa basketball court parking lot. The first 50 dogs vaccinated, licensed, and registered with the council will receive a RM150 subsidy. assessment rate collection lead MPP Tan Kai
BusinessToday
15-05-2025
- Business
- BusinessToday
99 Speed Mart's Q1 Revenue Hits RM2.61 Billion PAT Increases To RM143 Million
99 Speed Mart Retail Holdings Berhad announced its results for the first quarter of its financial year ending 31 December 2025, delivering a 7.7% year-on-year growth in revenue to RM2.61 billion. The profit before tax and profit after tax increased by 6.6% and 7.5%, Y-o-Y, to RM190.2 million and RM143.2 million respectively. Total sales transactions for the quarter rose 7.8% to 119.6 million with the average ticket size remaining stable at RM21.80. The Board of Directors has declared a first interim dividend of 2.25 sen per ordinary share, amounting to approximately RM189 million in respect of the financial year ending 31 December 2025. The entitlement date is fixed on 29 May 2025, and payment will be made on 9 June 2025. Related
Fibre2Fashion
08-05-2025
- Business
- Fibre2Fashion
Malaysia's Lotte Chemical Titan narrows Q1 losses despite revenue dip
Lotte Chemical Titan Holding Berhad (LCT) has reported net loss of RM134.8 million (~$31.5 million) for first quarter of fiscal 25 (Q1 FY2025), compared to RM189 million in the same quarter last year. Lotte Chemical Titan posted a Q1 FY2025 net loss of RM134.8 million (~$31.5 million), improving from RM189 million last year. Revenue fell 22 per cent YoY to RM1.5 billion (~$351 million) due to lower sales volume. LBITDA dropped 38.3 per cent YoY to RM37.7 million (~$8.8 million). LCT stays committed to strategic goals, including its LINE Project in Indonesia. Although revenue declined 22 per cent year on year (YoY) to RM1.5 billion (~$351 million) primarily due to reduced sales volume the Group showed operational resilience, LCT said in a release. The Group also posted a 38.3 per cent YoY reduction in LBITDA, down to RM37.7 million (~$8.8 million). President & CEO Jang Seon Pyo acknowledged the tough global landscape, shaped by geopolitical tensions and continued oversupply of petrochemical products, particularly in China. However, LCT remains focused on delivering its strategic initiatives chief among them being the LINE (Lotte Chemical Indonesia New Ethylene) Project, set for completion in 2025. LCT is one of Southeast Asia's largest producers of ethylene, propylene, polyethylene (PE), and polypropylene (PP)—key building blocks in plastics used across consumer goods, automotive parts, healthcare, packaging, and more. Fibre2Fashion News Desk (VK)
The Sun
30-04-2025
- The Sun
Married couple nabbed with drugs worth almost RM200,000
ALOR SETAR: A husband and wife were arrested on suspicion of being involved in a drug trafficking syndicate with drugs worth more than RM189,600 in a raid conducted at a housing estate near here, on Monday. Kota Setar district police chief ACP Siti Nor Salawati Saad said the local couple, in their 50s, were arrested by a Narcotics Criminal Investigation Division team from Kota Setar district police headquarters (IPD) at 3 pm. 'The results of the raid led to the seizure of 10,340 erimin 5 pills weighing about 2846.29 grammes (g), a transparent plastic packet containing ketamine weighing 493.23 g and methylenedioxymethamphetamine (MDMA) powder weighing 364.2 g. 'All the drugs obtained from outside Kedah, if released into the market, could be supplied to 3,200 addicts. Police also seized cash totalling RM530 believed to have been obtained from the drug trafficking activity,' he said at a press conference here, today. He said the results of a urine test found the male suspect, who has five previous criminal records, positive for methamphetamine and amphetamine while the female suspect had no previous record and was negative for drugs. According to him, the couple is believed to have been carrying out the activity for the past four years, distributing the drug supplies to small dealers. 'The couple have been remanded for seven days until May 5 for investigation under Section 39B of the Dangerous Drugs Act 1952,' he said. Meanwhile, regarding the development of the sexual harassment case involving a male teacher at a private school here, Siti Nor Salawati said police had received seven reports regarding the case so far. 'All the reports made in Alor Setar are from students and former students of the school in papers have been opened and for now one investigation paper has been handed over to the Deputy Public Prosecutor,' he said.
