Latest news with #RM250
The Star
11 hours ago
- Business
- The Star
Pro teams ready to release cyclists for SEA Games if funding issue is resolved
Malaysia National Cycling Federation (MNCF) president Datuk Amarjit Singh Gill. PETALING JAYA: The National Sports Council (NSC) now holds the key after Malaysia Pro Cycling (MPC) and Terengganu Cycling Team (TSG) agreed to release their riders for the SEA Games in Thailand this December, following persuasion from the Malaysian National Cycling Federation (MNCF). All parties convened in Bukit Jalil today, with MNCF President Datuk Amarjit Singh Gill leading the meeting, alongside several top officials from the association. Malaysia Pro Cycling (MPC) was represented by Sporting Director Sayuti Zahit, while Terengganu Cycling Team (TSG) Chief Operating Officer Nasiruddin Wan Idrus attended virtually. Although the four-hour meeting ended without a conclusive decision, both teams expressed willingness to release their riders for the biennial Games, provided their previous requests are met. Amarjit viewed the meeting positively, noting the NSC's willingness to negotiate additional funding to support the teams' preparations for the SEA Games in Thailand. As a next step, the MNCF has given both teams a one-week deadline to submit a detailed breakdown of their proposed budgets, estimated to be around RM250,000 per team. 'We've asked both TSG and MPC to clearly outline their actual needs, including logistics, participation fees, and any additional or top-up costs required for the SEA Games. 'Once we receive the detailed budget, we can then prepare a working paper to be submitted to the NSC for consideration. The NSC has indicated their readiness to review the request for additional funding based on the proposed budget,' said Amarjit after the meeting. Amarjit believes the requests made by MPC and TSG are reasonable, involving essential technical matters such as spare parts, nutritional supplements, centralised training expenses, and other related costs. Once the MNCF receives the full breakdown of these expenses, he plans to engage the NSC again to secure the additional funding needed. Sayuti, while welcoming the meeting, said he is still waiting for a firm decision from the NSC at a follow-up meeting once the list requested by the MNCF is submitted. 'We're all looking for a solution, and we're hoping for a better outcome than before. Our requests remain the same, and we're appealing to the NSC to give us some room so we can find common ground and reach a compromise,' he said. So far, nine riders have been listed to represent the country in the road race event, comprising four from TSG, four from MPC, and one national rider. In total, Malaysia's cycling contingent for the SEA Games in Thailand will consist of 33 athletes across four disciplines: road (14 riders: nine men and five women), mountain bike (five riders: three men and two women), BMX (four riders: two men and two women), and track (11 riders: nine men and two women).
New Straits Times
12 hours ago
- Sport
- New Straits Times
MPC prepared to meet NSC 'in the middle'
KUALA LUMPUR: Malaysia Pro Cycling (MPC) team principal Sayuti Zahit is hoping they can come to a "win-win solution" with the National Sports Council (NSC) regarding funding for the Thailand Sea Games (Dec 9-20). Malaysia National Cycling Federation (MCNF) president Datuk Amarjit Singh Gill today (July 23) ordered the MNCF road cycling committee to prepare a new budget request for the Sea Games to be submitted to NSC by the end of the week. The new budget will take into consideration requests from TSG and MPC. Sayuti views the move positively. He attended a meeting to discuss preparations for the Sea Games together with representatives from NSC, MNCF and TSG in Bukit Jalil today. "I am grateful that everyone attended the meeting, especially the president (Amarjit). It shows that we are all working together to find a solution. Hopefully we will get a better outcome than before," said Sayuti. "Hopefully NSC will give us some leeway and meet us in the middle. We can compromise but let it be a win-win solution for all parties. "Once the new budget has been submitted we will wait to see what the counter-offer is like." NSC had early this year allocated RM300,000 to MNCF for road cycling though only RM196,000 remains after RM104,000 was spent on preparing and sending riders to compete at the Asian Championships in Thailand earlier this year. During a meeting with TSG, MPC and MNCF earlier this month, NSC had indicated that they were not keen on allocating additional funds for the Sea Games road cycling squad. MPC and Terengganu Cycling Team (TSG) subsequently stated that they will not release their riders for the biennial games if NSC does not meet their requests for funding. MPC had also requested for new time trial bikes. TSG had previously requested RM250,000 from NSC to cover training and competition expenses (at warm up races) to prepare their riders for the Sea Games. It is understood that MPC had been seeking a similar amount. It is, however, unlikely either team will get the full amount they have requested.
New Straits Times
13 hours ago
- Sport
- New Straits Times
MNCF determined to resolve Sea Games road cycling funding issue
KUALA LUMPUR: There is still hope that professional riders from Terengganu Cycling Team (TSG) and Malaysia Pro Cycling (MPC) will represent the country at this year's Thailand Sea Games (Dec 9-20). The two teams had previously stated that they will not release their riders for the biennial games if the National Sports Council (NSC) does not meet their requests for funding. MPC had also requested for new time trial bikes. The Malaysia National Cycling Federation (MNCF) today (July 23) announced that they will submit a new Sea Games budget to NSC within one week. The new budget will take into consideration requests from TSG and MPC. Representatives from NSC, MNCF, MPC and TSG attended a four-hour meeting in Bukit Jalil today to discuss preparations for the games. MNCF president president Datuk Amarjit Singh Gill, technical director John Beasley and road cycling committee chairman Norazman Abu Samah were among those present. "I feel things are moving positively, there is nothing in this world that cannot be resolved through discussion," said Amarjit. "NSC have always had an open door policy and they are willing to consider any additional support required for the Sea Games. "I have asked the (MNCF) road committee to prepare a detailed budget for the Sea Games which we will submit within a week. We have to be quick because the Sea Game is just a few months away. "I believe most of the requests from TSG and MPC are acceptable. "I can't speak on behalf of NSC, however, I believe they will accept some of the requests but maybe not all. We are hoping for a positive outcome." TSG had previously requested RM250,000 from NSC to cover training and competition expenses (at warm up races) to prepare their riders for the Sea Games. It is understood that MPC had been seeking a similar amount. NSC had early this year allocated RM300,000 to MNCF for road cycling though only RM196,000 remains after RM104,000 was spent on preparing and sending riders to compete at the Asian Championships in Thailand earlier this year. Amarjit said the response from both professional teams was positive after the meeting. "I think they were both quite receptive, they understood the situation and that NSC also has constraints," said Amarjit. "When we left the meeting, everyone had smiles on their faces which is good. "At the end of the day, we just want to make sure we have the best riders representing the country at the Sea Games." Amarjit disclosed that nine riders have been shortlisted for the Sea Games squad - four from TSG, four from MPC and one from St George Continental Cycling Team. Ren Bao Tsen is currently on the books at St George, which is a UCI continental squad from Australia.
New Straits Times
15 hours ago
- Business
- New Straits Times
CapitaLand completes bookbuilding to raise RM250mil from private placement
KUALA LUMPUR: CapitaLand Malaysia Trust Bhd (CMLT) has completed its accelerated bookbuilding exercise to raise RM250 million in gross proceeds from its private placement. CLMT, in a statement today, said a total of 409.8 million new units at 61 sen each will be issued under the private placement. "The private placement was well oversubscribed, attracting strong participation from new and existing unitholders, including institutional investors and accredited investors. "A majority of the private placement new units were allocated to long-only investors," it said. According to CLMT, the proceeds will primarily be used to repay existing bank borrowings incurred for the acquisitions of nine industrial and logistics assets. These include the completed acquisitions of Valdor logistics hub and Glenmarie distribution centre which are already contributing to income, it said. CLMT said the placement is part of the manager's prudent capital management strategy to optimise CLMT's financing structure, enhance balance sheet flexibility and create additional headroom for future growth opportunities. "The issuance of new placement units will increase the number of units in circulation, thereby enhancing CLMT's trading liquidity," it added. CLMT's new units are expected to be listed on Aug 8 this year.
New Straits Times
3 days ago
- New Straits Times
New patrol car base boosts KL police efficiency and public safety
KUALA LUMPUR: Police patrol vehicles remain a vital force within the Kuala Lumpur police contingent, serving as the frontliners in maintaining the capital's security. Bukit Aman Commercial Crime Investigation Department (CCID) Director, Datuk Rusdi Mohd Isa, who launched the Sentul police patrol car base at Jinjang today, said the unit has contributed to numerous successful arrests involving drug cases, criminal activities, and immigration offences. It has also strengthened police presence through patrols, crime prevention efforts, and emergency response. "When we talk about patrols, we immediately think of the patrol cars and the Motorcycle Patrol Unit (URB). Patrols must operate 24 hours a day. "The patrol car unit has achieved numerous successes during my tenure as the Kuala Lumpur Police Chief. They are the 'frontliners' in ensuring Kuala Lumpur remains safe and peaceful," he told reporters. Also present were Kuala Lumpur Police Management Department Chief, Senior Assistant Commissioner Suffian Sulaiman; Sentul district police chief Assistant Commissioner Ahmad Sukarno Mohd Zahari; and Kepong member of Parliament Lim Lip Eng. Rusdi added that the establishment of this new base marks a strategic move to boost MPV operational efficiency and enhance public confidence and the sense of safety. According to him, statistics from last year show that 1,127 reports were lodged, with 1,155 individuals arrested by the patrol car and URB units under Sentul district police headquarters. "This marks an increase compared to the previous year, which recorded 913 reports and 934 arrests," he said. He said the development of the base, located at a former seized-items storage area adjacent to the Jinjang Centralised Lockup, was made possible through contributions, including RM250,000 from Lim and RM15,000 from Segambut MP Hannah Yeoh, among other donors. "The placement of the MPV base in this area was proposed by the Sentul District Police Chief and his deputy before receiving approval," he said. Meanwhile, Lim expressed hope that all frontline police officers in the capital, including patrol personnel, would be equipped with body cameras and dashboard cameras in their patrol vehicles. "I will raise this with the Home Ministry so that priority can be given to equipping Kuala Lumpur police with these devices. "This is important because Kuala Lumpur has a high population and many business centres, which in turn results in a higher likelihood of crime," he said.
