Latest news with #RM31.3
New Straits Times
3 days ago
- Business
- New Straits Times
Deleum's 70pct stake in PT OSA to boost Southeast Asia presence
KUALA LUMPUR: Oil and gas services provider Deleum Bhd's 70 per cent acquisition of PT OSA Industries Indonesia (PT OSA) for RM31.3 million is set to enhance its presence in Southeast Asia, strengthen its technical expertise in valve services, and broaden its operations within Indonesia. In a research note today, MIDF Amanah Investment Bank (MIDF) opined that the acquisition, carried out through Deleum's wholly owned subsidiary Deleum Services Sdn Bhd, also complemented the group's current valve business under its subsidiary, Penaga Dresser Sdn Bhd. "The acquisition aligns with the group's expected growth trajectory, and we had anticipated it as a logical step to support long-term operational benefits. "Going forward, Deleum will likely focus on integrating PT OSA's operations and aligning business processes," it said. MIDF said the integration with PT OSA is expected to unlock synergies such as improving valve lifecycle management services, streamlining delivery mechanisms, and fostering knowledge sharing with the Indonesian team. "We make no changes in its forecast projection for Deleum, as we had factored in this acquisition in its estimates. "We maintain our 'buy' call, with a target price of RM1.92," MIDF said.
New Straits Times
4 days ago
- Business
- New Straits Times
Deleum completes RM31mil acquisition to bolster valve business
KUALA LUMPUR: Deleum Bhd's unit Deleum Services Sdn Bhd has completed the acquisition of a 70 per cent stake in PT OSA Industries (PT OSA) for US$7 million (about RM31.3 million). PT OSA is an Indonesian company specialising in the supply, servicing, and maintenance of valves for the oil and gas (O&G) sector. The deal includes a profit guarantee of US$2.7 million (RM12.1 million) across the financial years ending Dec 31, 2024, and 2025. Chief executive officer Rao Abdullah said the completion of the acquisition marks a strategic turning point for Deleum as it moves beyond domestic borders to establish a stronger regional platform. "With our technical capabilities, market insights, and fresh perspective, we believe we can further enhance PT OSA's capabilities and performance. "Our goal is to expand PT OSA's market reach within Indonesia, delivering more comprehensive solutions to our customers and ultimately increasing shareholder value through sustainable growth," he said in a statement. Deleum said the acquisition strengthens the company's presence in the Southeast Asian O&G sector, boosting its technical capabilities in valve maintenance and extending its operational footprint in Indonesia. It also complements the group's existing valve business under its subsidiary, Penaga Dresser Sdn Bhd. "With the acquisition now completed, Deleum will shift its focus towards integrating PT OSA's operations and aligning business practices to unlock cross-border synergies. "The company plans to enhance valve lifecycle management services, streamline delivery processes, and share technical expertise between the Malaysian and Indonesian teams. "These integration efforts will enable Deleum to deliver more comprehensive, regional scale solutions to customers across Southeast Asia," it added.
Barnama
30-04-2025
- Business
- Barnama
219,015 Active Women-Owned Establishments Operating In 2022 -- DOSM
30/04/2025 03:18 PM KUALA LUMPUR, April 30 (Bernama) -- A total of 219,015 active women-owned establishments were recorded in 2022, representing 20.1 per cent of the total registered establishments in Malaysia, based on the Economic Census 2023, said the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the total number represented an annual growth rate of 2.3 per cent compared to the previous census (2015: 187,265 establishments). He said a total of 205,012 establishments or 93.6 per cent were concentrated in the services sector, followed by the manufacturing (8,469 establishments; share: 3.9 per cent) and the construction (3,869 establishments; share: 1.8 per cent). 'Findings by subsector showed that more than 70 per cent of the women-owned establishments were involved in the wholesale and retail trade subsector (share: 45 per cent) and the food and beverage subsector (share: 31.1 per cent),' he said. DOSM said Selangor remained as the top state with the highest number of women-owned establishments in 2022, contributing 15.9 per cent of the total 219,015 establishments, followed by Sabah with 22,740 establishments (10.4 per cent), Kelantan (21,079 establishments: 9.6 per cent), Kuala Lumpur (20,237 establishments: 9.2 per cent) and Johor (19,495 establishments: 8.9 pr cent). It said the gross output value generated by women-owned establishments stood at RM136.9 billion in 2022, contributing 3.6 per cent to the overall economic sector in Malaysia, with the services sector generating the highest at RM83 billion or 60.7 per cent share and wholesale and retail trade subsector was the catalyst, contributing 37.7 per cent (RM31.3 billion). In terms of growth, the value of gross output rose 7.0 per cent annually in 2022 compared to 2015, it added. DOSM said there were 185,582 women-owned small and medium enterprise (SME) establishments, representing 17 per cent of the total establishments in Malaysia in 2022. 'Of this number, 171,800 establishments (share: 92.6 per cent) were involved in the services sector, followed by 8,359 establishments (4.5 per cent) in the manufacturing sector.
Malay Mail
30-04-2025
- Business
- Malay Mail
DOSM: Nearly 220,000 women-led firms power Malaysia's service sector, Selangor tops nationwide count
KUALA LUMPUR, April 30 — A total of 219,015 active women-owned establishments were recorded in 2022, representing 20.1 per cent of the total registered establishments in Malaysia, based on the Economic Census 2023, said the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the total number represented an annual growth rate of 2.3 per cent compared to the previous census (2015: 187,265 establishments). He said a total of 205,012 establishments or 93.6 per cent were concentrated in the services sector, followed by the manufacturing (8,469 establishments; share: 3.9 per cent) and the construction (3,869 establishments; share: 1.8 per cent). 'Findings by subsector showed that more than 70 per cent of the women-owned establishments were involved in the wholesale and retail trade subsector (share: 45 per cent) and the food and beverage subsector (share: 31.1 per cent),' he said. DOSM said Selangor remained as the top state with the highest number of women-owned establishments in 2022, contributing 15.9 per cent of the total 219,015 establishments, followed by Sabah with 22,740 establishments (10.4 per cent), Kelantan (21,079 establishments: 9.6 per cent), Kuala Lumpur (20,237 establishments: 9.2 per cent) and Johor (19,495 establishments: 8.9 per cent). It said the gross output value generated by women-owned establishments stood at RM136.9 billion in 2022, contributing 3.6 per cent to the overall economic sector in Malaysia, with the services sector generating the highest at RM83 billion or 60.7 per cent share and wholesale and retail trade subsector was the catalyst, contributing 37.7 per cent (RM31.3 billion). In terms of growth, the value of gross output rose 7.0 per cent annually in 2022 compared to 2015, it added. DOSM said there were 185,582 women-owned small and medium enterprise (SME) establishments, representing 17 per cent of the total establishments in Malaysia in 2022. 'Of this number, 171,800 establishments (share: 92.6 per cent) were involved in the services sector, followed by 8,359 establishments (4.5 per cent) in the manufacturing sector. 'The women-owned SMEs generated a gross output of RM89.3 billion and a value added of RM44.3 billion, which increased by 3.7 per cent and 4.1 per cent each year,' it said. Additionally, the statistics department said women-owned establishments employed 833,311 persons, with an annual growth rate of 0.9 per cent. In terms of salaries and wages and fixed asset values, they recorded RM16.2 billion and RM39.7 billion, with annual growth rates of 4.5 per cent and 3.4 per cent respectively, it said. Mohd Uzir said the increasing presence of women in the entrepreneurial ecosystem reflects Malaysia's ongoing commitment to gender inclusivity and empowerment. 'These statistics serve not only as a testament to the strength and capabilities of women entrepreneurs, but also as a vital input for policy makers, researchers and industry players in formulating informed strategies to support and accelerate women's economic participation,' he said. — Bernama
The Sun
30-04-2025
- Business
- The Sun
Women own 219,015 businesses, make up 20.1% of establishments in economy in 2022
PUTRAJAYA: A total of 219,015 active women-owned establishments were recorded in Malaysia in 2022, representing 20.1 per cent of the total registered establishments in the country's economy, according to the Women-Owned Statistics based on the Economic Census 2023 released by the Department of Statistics Malaysia (DOSM) today. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the number of women-owned establishments operating in 2022 shows an annual growth rate of 2.3 per cent as compared to the 2015 census, with 187,265 establishments. He said 93.6 per cent or 205,012 establishments were concentrated in the services sector, followed by the manufacturing sector with 8,469 establishments, and the construction sector with 3,869 establishments. 'Findings by subsector showed that more than 70 per cent of the women-owned establishments were involved in the wholesale and retail trade subsector with 45 per cent and the food and beverage subsector with 31.1 per cent,' he said in a statement. Selangor remained the top state with the highest number of women-owned establishments in 2022, contributing 15.9 per cent of the total, followed by Sabah (22,740 establishments), Kelantan with 21,079 establishments, Kuala Lumpur with 20,237 establishments, and Johor with 19,495 establishments. 'These five states accounted for more than half of the total women-owned establishments in Malaysia,' he said. Mohd Uzir said the value of gross output generated by women-owned establishments amounted to RM136.9 billion in 2022, contributing 3.6 per cent to the overall economic sector in Malaysia with the services sector generated the highest gross output value with RM83 billion or 60.7 per cent share while the wholesale and retail trade subsector was the catalyst which contributed 37.7 per cent or RM31.3 billion. 'In line with the increase of gross output, the total value added for women-owned establishments grew 6.5 per cent annually, increased by RM21.8 billion to record RM61.4 billion in 2022 from RM39.6 billion in 2015. 'The main contributor to the value added was the services sector, registering 72.2 per cent or RM44.4 billion with an annual growth rate of 5.7 per cent. Meanwhile, the manufacturing and agriculture sectors contributed RM10.5 billion and RM5 billion respectively,' he said. The value of fixed assets for women-owned establishments showed an increase of 5.6 per cent annually from RM37.9 billion in 2015 to RM55.4 billion in 2022, mainly influenced by the services sector which recorded RM41.3 billion in 2022 from RM22.8 billion in 2015, while manufacturing sector with a value of fixed assets of RM7.6 billion and agriculture sector registered RM5.9 billion. Mohd Uzir said there were 185,582 women-owned small and medium Enterprises (SMEs) establishments in 2022, representing 17.0 per cent of the total establishments in Malaysia, where 171,800 establishments were involved in the services sector followed by 8,359 establishments in the manufacturing sector. He said the women-owned SMEs generated a gross output of RM89.3 billion and a value added of RM44.3 billion, which increased by 3.7 per cent and 4.1 per cent respectively each year. Additionally, he said women-owned establishments employed 833,311 persons, with an annual growth rate of 0.9 per cent, while in terms of salaries and wages and fixed asset values, they recorded RM16.2 billion and RM39.7 billion, with annual growth rates of 4.5 per cent and 3.4 per cent, respectively. 'The increasing presence of women in the entrepreneurial ecosystem reflects Malaysia's ongoing commitment to gender inclusivity and empowerment. 'These statistics serve not only as a testament to the strength and capabilities of women entrepreneurs, but also as a vital input for policymakers, researchers, and industry players in formulating informed strategies to support and accelerate women's economic participation,' he added.
