Latest news with #RM25.37
Barnama
22-07-2025
- Business
- Barnama
25 Pct Increase In Per Capita Grants For States Starting 2026
KOTA BHARU, July 22 (Bernama) -- The federal government has agreed to raise per capita grants for all states by 25 per cent, involving an increase of RM548 million starting in 2026, the Kelantan State Legislative Assembly was told today. Kelantan Menteri Besar Datuk Mohd Nassuruddin Daud said the new rate was agreed upon during the meeting of Menteris Besar and Chief Ministers held last year. 'On behalf of Kelantan, I put forward a motion to review the per capita grant due to rising costs, and the proposal was agreed to by the Menteris Besar and received a positive response from Prime Minister Datuk Seri Anwar Ibrahim. 'As a result, the National Finance Council agreed to increase the per capita grants by 25 per cent to RM548 million, effective from 2026 and involving all states,' he said. He said this in response to a question from Wan Rohimi Wan Daud (PAS–Melor) on the per capita grant to Kelantan, including when the rate was last reviewed and the annual amount received by the Kelantan government over the past 10 years, during the State Assembly sitting at the Kota Darulnaim Complex here. Elaborating, Mohd Nassuruddin said the newly agreed rates were RM102 per person for the first 100,000 people (previously RM72); RM14 for the next 500,000 (previously RM10.20); RM13.50 for the next 500,000 (previously RM10.40); and RM13 for the remaining individuals (previously RM11.40). He added that Kelantan had received per capita grants amounting to RM291.06 million between 2015 and 2025. 'The amount comprises RM24.75 million in 2015, RM24.75 million in 2016, RM25.06 million in 2017, RM25.37 million in 2018, RM25.69 million in 2019, RM26.03 million in 2020, RM26.38 million in 2021, RM26.75 million in 2022, RM27.14 million in 2023, RM27.54 million in 2024, and RM28.9 million in 2025,' he said. -- BERNAMA
New Straits Times
11-07-2025
- Automotive
- New Straits Times
Meta Bright sells Australian unit for RM25.37 mln, enters JV for EV charging infrastructure
KUALA LUMPUR: Meta Bright Group Bhd (MBGB) has sold its wholly-owned Australian subsidiary, Meta Bright Australia Pty Ltd (MBA), for RM25.37 million as part of a strategic shift towards strengthening domestic operations. In a filing with Bursa Malaysia today, MBGB said the disposal to Amber International Sdn Bhd is expected to result in a gain of about RM324,000 for the group. It said proceeds from the disposal will be used to repay RM17 million in bank borrowings and for working capital needs of RM8.37 million within 36 months. "The proposed disposal allows MBGB and its subsidiaries to mitigate exposure to cross-border operational risks, including increased uncertainties arising from global tariffs, foreign exchange volatility, and geopolitical developments associated with operating business in Australia. "It also enables the group to reallocate capital towards its core business segments within Malaysia and the broader ASEAN region, where the group has an established operational base and competitive advantage," it said. Meanwhile, in another filing with Bursa Malaysia, MBGB said it has entered into a joint venture (JV) with ChargeHere EV Solution Sdn Bhd to develop and operate electric vehicle (EV) charging infrastructure across Malaysia. MBGB said its wholly-owned subsidiary, Meta Bright Energy Sdn Bhd, will hold a 51 per cent stake in the new entity, while ChargeHere EV Solution Sdn Bhd will hold 49 per cent. "The JV is in line with MBGB group's long-term strategy to broaden its presence in the renewable energy (RE) and energy efficiency sectors, and specifically, to support the advancement of EV infrastructure in Malaysia," it said. In a separate statement, MBGB executive director of corporate and strategic planning Derek Phang said the joint venture with ChargeHere will allow the group to build its presence in renewable energy and take part in the development of EV infrastructure. "Our immediate and planned installations will substantially broaden our operational footprint in key urban areas, supporting national goals and meeting rising consumer demand for accessible EV charging solutions," he said.
