Latest news with #RM275
Daily Express
4 days ago
- Business
- Daily Express
RM5k aid for Tambunan small traders
Published on: Monday, July 28, 2025 Published on: Mon, Jul 28, 2025 By: Gerry Lewis Text Size: Dr Jeffrey presenting aid to recipients. TAMBUNAN: A total of RM275,000 was distributed to 55 licensed small stall traders in Tambunan through a one-off special aid of RM5,000 each. The assistance was presented by Datuk Seri Dr Jeffrey G. Kitingan at the Tambunan District Community Hall. The initiative is part of the 'Bantuan Untukmu' program aimed at easing the operational costs of traders, improving their business infrastructure, and boosting grassroots entrepreneurship. In his speech, Dr Jeffrey expressed pride in the achievements of the Tambunan community, noting that the district has nearly eradicated hardcore poverty. However, he acknowledged that there remain segments of the population living in poverty who require targeted strategic support tailored to current needs. He stressed the importance of continued support and new initiatives to ensure no citizen is left behind in the development process. Dr Jeffrey also reminded the people of Tambunan to stay alert to the various forms of assistance available, not only from the State Government but also from the Federal Government. He emphasized that such aid is not meant to foster dependency but to serve as a stepping stone toward self-reliance and long-term well-being. The federal government, through the Sabah Ministry of Agriculture, Fisheries, and Food Industries (Maffi), has also intensified efforts in rural development with allocations exceeding RM33.59 million for agri-food projects across Sabah. These projects include the rehabilitation of 534.55 hectares of abandoned paddy fields, the construction of 23 agricultural produce collection centres, and the implementation of integrated cash crop and livestock initiatives. These efforts not only generate economic output but also empower the local agricultural sector. He also highlighted the Agropreneur Muda program, which offers opportunities for youth aged 18 to 45 to become agricultural entrepreneurs. The program provides grants, fertilizer assistance, access to productive land, and technical training. He noted that the initiative is particularly relevant for young people in Tambunan who possess idle land with development potential. He advised the RM5,000 aid recipients to use the funds wisely, whether to improve their stall structures, upgrade business equipment, or increase inventory. The assistance is expected to boost their daily income and stimulate the local economy through higher-quality services and products. Furthermore, he encouraged traders to view the aid as a catalyst toward achieving more stable and sustainable income streams. In closing, he congratulated all recipients and expressed hope that their businesses would continue to grow and benefit their families and communities. He also called on the people of Tambunan to continue supporting his leadership as the Tambunan assemblyman, assuring that all assistance distributed is based on accurate data and genuine community needs. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
02-07-2025
- Business
- The Star
Moomoo Malaysia condemns misuse of its name by scammers
PETALING JAYA: Online trading platform Moomoo Malaysia has condemned the misuse of its name and brand by online scammers. In a statement, Moomoo Malaysia acknowledged a recent incident involving a 57-year-old engineer who lost RM275,000 to an online investment scam falsely using the name "Moomoo". "We would like to clarify that Moomoo Malaysia has no affiliation with any third-party platform involved in this scam, and we strongly condemn the misuse of our name and brand to deceive the public," it stated on Wednesday (July 2). Moomoo Malaysia emphasized that as a regulated platform licensed by the Securities Commission Malaysia (SC), it does not collaborate with external platforms or third-party applications to offer investment schemes. "All official communications and transactions are strictly conducted through the Moomoo app, website, and verified support channels," it added. Moomoo Malaysia expressed sympathy for the victim who lost RM275,000 in the investment scam. "The tactics employed by scammers have become increasingly sophisticated, often impersonating trusted brands like Moomoo Malaysia to exploit vulnerable investors," it said. The company urged the public to stay vigilant and emphasized that it will never request personal information such as passwords, PINs, or one-time passcodes, nor does it provide investment tips or financial advice via social media platforms. It also clarified that it never asks users to make deposits, transfers, or transactions through third-party platforms, external apps, or unofficial links. "Our priority remains the safety and trust of the Moomoo community," it stated. For support and verified updates, Moomoo Malaysia advised the public to contact them directly at support@ via their hotline at +603 9212 0708, or visit
The Star
30-06-2025
- Business
- The Star
Engineer loses RM275,000 to online Moomoo scam
ALOR SETAR: A 57-year-old engineer lost RM275,000 after falling for an online investment scam known as Moomoo, say police. Kedah Commercial Crime Investigation Department (CCID) chief Supt Loi Yew Lik said the victim responded to an investment offer involving Chinese currency on April 20 by clicking a WhatsApp link. He later communicated with several individuals using the numbers 019-200 7253 and 019-234 5678. 'The scammers promised a 10% return within days, prompting the victim to transfer RM275,000 in eight transactions between May 27 and June 13 to two company accounts under the names Cisi Infra Solution and Cisi CPT Infra Trading,' he said yesterday, Bernama reported. When the victim did not receive the profits, he grew suspicious as the scammers continued requesting more money, claiming it was needed to release his returns and initial capital. He lodged a police report after realising he had been cheated. Supt Loi advised the public to verify any investment offers with the police or to use tools such as the Mule Check app, the CCID Facebook page, or to contact the National Scam Response Centre at 997.
The Star
29-06-2025
- Business
- The Star
Engineer loses RM275,000 to online 'Moomoo' investment scam
ALOR SETAR: A 57-year-old engineer lost RM275,000 after falling for an online investment scam known as 'Moomoo', which was advertised on Facebook in April. Kedah Commercial Crime Investigation Department chief Supt Loi Yew Lik said the victim responded to an investment offer involving Chinese currency on April 20 by clicking a WhatsApp link, which led him to a group called '6 Investment Securuties Internasional'. He later communicated with several individuals using the numbers 019-2007253 and 019-2345678. "The scammers promised a 10% return within days, prompting the victim to transfer RM275,000 in eight transactions between May 27 and June 13 to two company accounts under the names Cisi Infra Solution and Cisi CPT Infra Trading," he said in a statement on Sunday (June 29). When no profits were received, the victim grew suspicious as the scammers continued requesting more money, claiming it was needed to release his returns and initial capital. He eventually lodged a police report at the Baling District Police Headquarters on Saturday after realising he had been cheated. Loi advised the public to verify any investment offers with the police or nearby stations and to use tools such as the Mule Check app, the CCID Facebook page, or contact the National Scam Response Centre at 997. - Bernama
Barnama
29-06-2025
- Business
- Barnama
Engineer Loses RM275,000 To Online 'Moomoo' Investment Scam
ALOR SETAR, June 29 (Bernama) -- A 57-year-old engineer lost RM275,000 after falling for an online investment scam known as 'Moomoo', which was advertised on Facebook in April. Kedah Commercial Crime Investigation Department chief Supt Loi Yew Lik said the victim responded to an investment offer involving Chinese currency on April 20 by clicking a WhatsApp link, which led him to a group called '6 Investment Securuties Internasional'. He later communicated with several individuals using the numbers 019-2007253 and 019-2345678.
