Latest news with #RM215
The Sun
a day ago
- Sport
- The Sun
Rexy hails Pearly-Thinaah's 'awesome' performance
NATIONAL doubles coaching director Rexy Mainaky needed just one word to describe the performance of top women's doubles pair Pearly Tan and M. Thinaah in the Indonesia Open 2025 final in Jakarta yesterday — 'awesome.' Despite narrowly missing out on the top podium, Rexy expressed satisfaction with the world No. 4 duo's performance, noting their composure and focus against the world No. 1 pair from China, Liu Sheng Shu and Tan Ning, at the iconic Istora Senayan. Pearly and Thinaah pushed the top seeds to the limit in a gripping one-hour and 29-minute battle, ultimately falling 25-23, 12-21, 19-21. 'The only thing that I can say is that their performance was awesome,' he told Bernama. As runners-up, Pearly-Thinaah took home USD50,750 (about RM215,000) while the champions Sheng Shu-Tan Ning pocketed USD107,300 (approximately RM454,000). Although yesterday's result extended Sheng Shu and Tan Ning's lead in the rivalry to 8-3, Pearly and Thinaah's latest performance indicates the gap is narrowing. Meanwhile, the Indonesian doubles expert also expressed satisfaction with the strong overall showing from other national doubles representatives at the Super 1000 tournament. 'All our doubles players played really well in the Indonesia Open,' he said. Of the seven other national doubles pairs competing at the Indonesia Open, two reached the semi-finals: men's doubles duo Man Wei Chong and Tee Kai Wun, and mixed doubles pair Chen Tang Jie and Toh Ee Wei. Last Saturday, Wei Chong and Kai Wun narrowly lost to the home favourites Sabar Karyaman and Moh Reza Isfahani, 18-21, 21-12, 18-21, while Tang Jie and Ee Wei were edged out by Thailand's Dechapol Puavaranukroh and Supissara Paewsampran, 23-21, 15-21, 11-21.
The Sun
a day ago
- Sport
- The Sun
Rexy hails Pearly-Thinaah's 'awesome' Indonesia Open final performance
NATIONAL doubles coaching director Rexy Mainaky needed just one word to describe the performance of top women's doubles pair Pearly Tan and M. Thinaah in the Indonesia Open 2025 final in Jakarta yesterday — 'awesome.' Despite narrowly missing out on the top podium, Rexy expressed satisfaction with the world No. 4 duo's performance, noting their composure and focus against the world No. 1 pair from China, Liu Sheng Shu and Tan Ning, at the iconic Istora Senayan. Pearly and Thinaah pushed the top seeds to the limit in a gripping one-hour and 29-minute battle, ultimately falling 25-23, 12-21, 19-21. 'The only thing that I can say is that their performance was awesome,' he told Bernama. As runners-up, Pearly-Thinaah took home USD50,750 (about RM215,000) while the champions Sheng Shu-Tan Ning pocketed USD107,300 (approximately RM454,000). Although yesterday's result extended Sheng Shu and Tan Ning's lead in the rivalry to 8-3, Pearly and Thinaah's latest performance indicates the gap is narrowing. Meanwhile, the Indonesian doubles expert also expressed satisfaction with the strong overall showing from other national doubles representatives at the Super 1000 tournament. 'All our doubles players played really well in the Indonesia Open,' he said. Of the seven other national doubles pairs competing at the Indonesia Open, two reached the semi-finals: men's doubles duo Man Wei Chong and Tee Kai Wun, and mixed doubles pair Chen Tang Jie and Toh Ee Wei. Last Saturday, Wei Chong and Kai Wun narrowly lost to the home favourites Sabar Karyaman and Moh Reza Isfahani, 18-21, 21-12, 18-21, while Tang Jie and Ee Wei were edged out by Thailand's Dechapol Puavaranukroh and Supissara Paewsampran, 23-21, 15-21, 11-21.
Borneo Post
a day ago
- Sport
- Borneo Post
Rexy hails Pearly-Thinaah's 'awesome' Indonesia Open final performance
Pearly and Thinaah during their final match in the Indonesia Open 2025 final in Jakarta yesterday. – Bernama photo KUALA LUMPUR (June 9): National doubles coaching director Rexy Mainaky needed just one word to describe the performance of top women's doubles pair Pearly Tan and M. Thinaah in the Indonesia Open 2025 final in Jakarta yesterday — 'awesome.' Despite narrowly missing out on the top podium, Rexy expressed satisfaction with the world No. 4 duo's performance, noting their composure and focus against the world No. 1 pair from China, Liu Sheng Shu and Tan Ning, at the iconic Istora Senayan. Pearly and Thinaah pushed the top seeds to the limit in a gripping one-hour and 29-minute battle, ultimately falling 25-23, 12-21, 19-21. 'The only thing that I can say is that their performance was awesome,' he told Bernama. As runners-up, Pearly-Thinaah took home US$50,750 (about RM215,000) while the champions Sheng Shu-Tan Ning pocketed US$107,300 (approximately RM454,000). Although yesterday's result extended Sheng Shu and Tan Ning's lead in the rivalry to 8-3, Pearly and Thinaah's latest performance indicates the gap is narrowing. Meanwhile, the Indonesian doubles expert also expressed satisfaction with the strong overall showing from other national doubles representatives at the Super 1000 tournament. 'All our doubles players played really well in the Indonesia Open,' he said. Of the seven other national doubles pairs competing at the Indonesia Open, two reached the semi-finals: men's doubles duo Man Wei Chong and Tee Kai Wun, and mixed doubles pair Chen Tang Jie and Toh Ee Wei. Last Saturday, Wei Chong and Kai Wun narrowly lost to the home favourites Sabar Karyaman and Moh Reza Isfahani, 18-21, 21-12, 18-21, while Tang Jie and Ee Wei were edged out by Thailand's Dechapol Puavaranukroh and Supissara Paewsampran, 23-21, 15-21, 11-21. Indonesia Open 2025 Istora Senayan M. Thinaah Pearly Tan Rexy Mainaky
Malaysian Reserve
19-05-2025
- Business
- Malaysian Reserve
Malayan Flour Mills allocates RM215m capex for FY25
MALAYAN Flour Mills Bhd (MFM) has earmarked RM215 million in capital expenditure (capex) for the financial year ending Dec 31, 2025 (FY2025), with investments focused on expanding its flour and poultry segments in Malaysia and Vietnam. At its AGM today, the group said RM55 million will be allocated to its flour and grain trading (FGT) division to expand capacity and improve efficiency. This includes RM20 million for automation upgrades at its Lumut and Pasir Gudang mills, aimed at reducing manual labour and enhancing product consistency. In Vietnam, MFM is investing RM34 million – RM21 million to expand capacity and upgrade operations in the north, and RM13 million for new flour silos and blending facilities in the south. The remaining RM160 million will be directed to the group's Poultry Integration segment, shared between MFM and its joint venture partner. Of this, RM100 million will go towards new farming infrastructure including parent farms and hatcheries, while RM60 million is earmarked for productivity improvements at existing farms. 'These strategic investments are critical to strengthening our production capacity and operational efficiency, enabling us to meet the growing demand in both Malaysia and Vietnam,' said executive deputy chairman and MD Teh Wee Chye. For FY2024, MFM posted a net profit of RM58.1 million, rebounding from a RM6.7 million net loss a year earlier, thanks to strong FGT performance. The group noted that net profit would have reached RM100.2 million if not for a RM42.1 million impairment on its Indonesian flour operation, which has remained loss-making for three consecutive years. Teh said the group remains optimistic about the long-term prospects of its flour and poultry businesses, and that the capex will be funded via a mix of internal funds and borrowings. 'These initiatives reflect our commitment to solidifying our position as a leading staple food supplier while driving sustainable growth,' he added. –TMR
The Sun
19-05-2025
- Business
- The Sun
Malayan Flour Mills earmarks RM215 million for capital expenditure in FY25
KUALA LUMPUR: Malayan Flour Mills Bhd (MFM) has earmarked RM215 million for capital expenditure (capex) in the financial year ending Dec 31, 2025 (FY25) to expand its poultry integration and flour trading operations in Malaysia and Vietnam. The capex will be financed through a combination of internally generated funds and borrowings. Of the total, RM160 million will be allocated to the group's poultry integration (PI) segment. This includes RM100 million for the expansion and upgrading of farming infrastructure – such as construction of parent farms and hatcheries – in collaboration with its joint venture partner. The remaining RM60 million will be used to upgrade existing farms to enhance productivity and supply chain efficiency. Executive deputy chairman and managing director Teh Wee Chye said MFM is expanding its poultry business with government support because Malaysia still relies heavily on imported chicken and does not produce enough domestically to meet demand. 'For poultry integration, we are also working closely with the government. We see further upside in growth because poultry remains the most affordable source of protein,' he said at a press conference after its AGM today. Teh said MFM is partnering with Tyson Foods to modernise its farming operations, as around 60–70% of chicken coops in Malaysia still operate under open-house systems, which are increasingly vulnerable to climate change. 'Open houses tend to experience higher mortality rates, whereas closed, climate-controlled houses will definitely perform better.' MFM has completed the design and cost planning for the climate-controlled houses, which feature temperature control systems that are more efficient and better suited to extreme weather conditions. 'With the climate-controlled houses we have finalised in terms of design and costing, we believe this will result in better efficiency, particularly under harsher climate conditions,' Teh said. He highlighted the company's logistics advantage through having its own jetty, which enables bulk importation of poultry feed. 'This allows us to add value to the business, especially since we have our own jetty, enabling us to bring in combo shipments of corn and soya meal, and helping to reduce our cash conversion cycle,' he said. MFM's investment also extends to its flour and grain trading segment, which will receive RM55 million to expand capacity and enhance operational efficiency in key markets. This includes RM20 million for automation upgrades at MFM's flour mills in Lumut and Pasir Gudang to reduce manual labour, boost efficiency and ensure consistent product quality. In Vietnam, MFM plans to scale up operations with a total investment of RM34 million – comprising RM21 million for capacity expansion and operational upgrades at its northern Vietnam plant, and RM13 million for the ongoing construction of flour silos and blending facilities in the southern region. The RM55 million investment is jointly funded by MFM and its partners: RM20.4 million from MFM, RM20.9 million from Vima, RM13.1 million from Mekong and RM600,000 from DSM. Teh said these investments are critical to strengthening production capacity and operational efficiency to enable them to meet the growing demand for flour and flour-related products in both Malaysia and Vietnam. 'We are encouraged by the strong performance in our flour business in these key markets, and we believe that this growth trajectory is sustainable. The investments in automation and capacity expansion are timely, positioning us to capture future demand. 'On the flour mills, as you can see, our operations in Malaysia and Vietnam are performing very positively. As we grow capacity to meet market demand, we also aim to be cost-efficient. I believe we are on the right track.' Teh added that MFM's flour plant in northern Vietnam is operating near full capacity which prompted the board to approve a new 500-tonne-per-day mill to support future demand. 'Since it's maxed out, and the Vietnam economy – pending everything moves well – is still projecting an 8% growth rate, we see prospects for these two investments.' MFM's Vietnam flour operations posted over RM2 billion in revenue in 2024, contributing RM250 million in profit. 'We are encouraged by the strong performance in our flour business in these key markets, and we believe that this growth trajectory is sustainable. The investments in automation and capacity expansion are timely, positioning us to capture future demand,' Teh said. He reaffirmed MFM's long-term optimism for both its flour and poultry businesses, citing continued investments in infrastructure and technology as key to strengthening the group's competitive edge. 'Our commitment to automation, capacity expansion, and infrastructure upgrades reflects our goal of becoming a leading staple foods supplier in the countries where we operate, while driving sustainable growth for the group,' he added.
