Latest news with #RM461
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New Straits Times
3 days ago
- Business
- New Straits Times
MARKET PULSE PM MAY 28, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia closed lower today, pressured by selling activity amid cautious market sentiment as investors await key US economic data releases later this week. The FBM KLCI was unable to sustain an early recovery attempt despite Wall Street's strong overnight rally. Meanwhile, the ringgit strengthened against the US dollar at 4.2240. In the crypto market, Bitcoin continued its downtrend, falling to RM461,836. Ethereum slipped to RM11,179, while Solana declined to RM736. That wraps up today's Market Pulse.
The Star
5 days ago
- The Star
Italian man kidnapped in bizarre NY crypto plot: court docs
The grisly tale emerged as the bitcoin cryptocurrency this week set a new record, at US$109,856 (RM461,889). — Reuters NEW YORK: A cryptocurrency investor has been charged with kidnapping an Italian man for weeks, threatening and torturing him with a gun and a chainsaw in a grisly bid to extort his bitcoin password, court documents and US media said. In a plot like a bad Hollywood thriller, New York police told AFP on Sunday that they arrested 37-year-old John Woeltz, a Kentucky man, on Friday in the posh Manhattan apartment he was renting. Woeltz was charged Saturday with kidnapping, assault and criminal possession of a gun and pleaded not guilty, according to documents seen by AFP. A second person, 24-year-old Beatrice Folchi, is also being held. The police said the victim, a 28-year-old Italian whose name has not been released, managed to escape and ran up to a traffic agent with a horrific tale of having been held, bound and tortured for weeks before managing to escape from Woeltz's townhouse. The victim initially went to Woeltz's apartment on May 6. The two are believed to have had some previous business connection. Upon arrival, Woeltz and an unidentified accomplice, who has yet to be named or caught, seized the Italian's passport and electronic devices and demanded the access codes for his Bitcoin accounts. When he refused, according to the reports, the two men tied him up, struck him with a gun, pointed it at his face, menaced him with a chainsaw and even took him to the fifth floor of the building, threatening to throw him over the edge if he did not relent. They also reportedly threatened to kill members of his family. Several details of the story remain murky, including exactly why the victim had agreed to come to the townhouse in an upscale SoHo neighborhood, and whether he revealed anything of use to the kidnappers. More details are expected to come out at a court hearing scheduled for May 28. The grisly tale emerged as the bitcoin cryptocurrency this week set a new record, at US$109,856 (RM 461,889) . While cryptocurrencies like bitcoin and ethereum are said to be highly secure, they have faced numerous cyberattacks seeking to exploit weak spots in exchange platforms. In February, according to the FBI, North Korean hackers stole a historic US$1.5bil (RM6.3bil) from the Bybit platform. – AFP
Barnama
20-05-2025
- Business
- Barnama
Eight Flood Mitigation Projects In Johor Being Implemented
ISKANDAR PUTERI, May 20 (Bernama) -- Eight of the 11 High Priority Flood Mitigation (TBBT) projects in the state are in the implementation phase involving six districts, namely Segamat, Kota Tinggi, Batu Pahat, Muar, Tangkak and Johor Bahru. Johor State Public Works, Transport, Infrastructure and Communications Committee chairman Mohamad Fazli Mohamad Salleh said the remaining three TBBT projects are currently in the pre-implementation stage, with design negotiations and technical studies underway. "Among the TBBT projects that are currently underway is the Sungai Muar Flood Mitigation Plan (RTB) Phase 3, Package 1 in Segamat, by upgrading the Muar River between the confluence of Sungai Jementah to Sungai Labis worth RM461 million," he said at the Johor State Legislative Assembly sitting in Kota Iskandar here today. He was replying to Datuk Jefridin Atan (BN-Kukup), Anuar Abd Manap (BN-Pemanis) and Marina Ibrahim (PH-Skudai) on the latest status of TBBT projects, the approved flood mitigation plan and the progress of flood hotspot solutions in Johor. He said other TBBT projects currently being implemented are RTB Sungai Muar Phase 3, Package 2 in Segamat to increase the capacity of Sungai Labis, Sungai Jementah and its branches worth RM70.95 million and RTB Bandar Batu Pahat worth RM187.17 million. 'Meanwhile, the two TBBT projects in Kota Tinggi are RTB Sungai Johor Phase 1, Package 1 in Kota Tinggi which includes the construction of a flood reservoir and upgrading works of Sungai Johor worth RM376 million and RTB Sungai Johor Phase 1, Package 2 to improve Sungai Johor and its branches worth RM74.2 million,' he said. The Bukit Pasir assemblyman also said that the TBBT project in progress also involves a project to strengthen the Semberong flood mitigation dam structure in Batu Pahat at a cost of RM33 million and is expected to be completed in July 2028. He added that for the Tangkak district, the project is to complete work on the Sungai Kesang Basin RTB project worth RM24.8 million, which began in August 2023 and is expected to be completed in August next year, while the TBBT project that is also expected to be completed next year is the Sungai Pemandi RTB in Kota Tinggi, which involves a cost of RM29.73 million. 'Meanwhile, for the three projects in the pre-implementation stage, the Sungai Muar Phase II RTB project in Muar/Tangkak, worth RM331 million, is expected to begin design negotiations in June 2025, and the Sungai Batu Pahat (Seri Medan) RTB, worth RM56.7 million, is expected to begin in July 2025.
The Sun
20-05-2025
- Politics
- The Sun
Eight flood mitigation projects in Johor being implemented
ISKANDAR PUTERI: Eight of the 11 High Priority Flood Mitigation (TBBT) projects in the state are in the implementation phase involving six districts, namely Segamat, Kota Tinggi, Batu Pahat, Muar, Tangkak and Johor Bahru. Johor State Public Works, Transport, Infrastructure and Communications Committee chairman Mohamad Fazli Mohamad Salleh said the remaining three TBBT projects are currently in the pre-implementation stage, with design negotiations and technical studies underway. 'Among the TBBT projects that are currently underway is the Sungai Muar Flood Mitigation Plan (RTB) Phase 3, Package 1 in Segamat, by upgrading the Muar River between the confluence of Sungai Jementah to Sungai Labis worth RM461 million,' he said at the Johor State Legislative Assembly sitting in Kota Iskandar here today. He was replying to Datuk Jefridin Atan (BN-Kukup), Anuar Abd Manap (BN-Pemanis) and Marina Ibrahim (PH-Skudai) on the latest status of TBBT projects, the approved flood mitigation plan and the progress of flood hotspot solutions in Johor. He said other TBBT projects currently being implemented are RTB Sungai Muar Phase 3, Package 2 in Segamat to increase the capacity of Sungai Labis, Sungai Jementah and its branches worth RM70.95 million and RTB Bandar Batu Pahat worth RM187.17 million. 'Meanwhile, the two TBBT projects in Kota Tinggi are RTB Sungai Johor Phase 1, Package 1 in Kota Tinggi which includes the construction of a flood reservoir and upgrading works of Sungai Johor worth RM376 million and RTB Sungai Johor Phase 1, Package 2 to improve Sungai Johor and its branches worth RM74.2 million,' he said. The Bukit Pasir assemblyman also said that the TBBT project in progress also involves a project to strengthen the Semberong flood mitigation dam structure in Batu Pahat at a cost of RM33 million and is expected to be completed in July 2028. He added that for the Tangkak district, the project is to complete work on the Sungai Kesang Basin RTB project worth RM24.8 million, which began in August 2023 and is expected to be completed in August next year, while the TBBT project that is also expected to be completed next year is the Sungai Pemandi RTB in Kota Tinggi, which involves a cost of RM29.73 million. 'Meanwhile, for the three projects in the pre-implementation stage, the Sungai Muar Phase II RTB project in Muar/Tangkak, worth RM331 million, is expected to begin design negotiations in June 2025, and the Sungai Batu Pahat (Seri Medan) RTB, worth RM56.7 million, is expected to begin in July 2025. 'Also in pre-implementation is the development study for the Sungai Skudai Basin in Johor Bahru, worth RM9 million, with a 12-month technical design process expected to begin in October 2026. According to Mohamad Fazli, the state government is also taking proactive steps by approving nine flood mitigation plan projects involving Tangkak, Pontian, Kulai, Segamat, Kota Tinggi, Kluang, Batu Pahat, Mersing and Johor Bahru districts worth RM15.53 million. In addition, he said, the state government is also planning to apply for allocations to implement flood prevention works. According to him, the application to the federal government, through the 13 Malaysia Plan (13MP) is worth RM 2.23 billion and the application through the state government is worth RM60.38 million. 'As for the flood hotspot project, there are seven projects in implementation, especially in the Johor Bahru city area, worth RM142.7 million. 'In conclusion, as a comprehensive solution to address flooding in high-risk areas, the federal government through the 5th Rolling Plan of the 12th Malaysia Plan has approved the implementation of the Sungai Skudai Integrated River Basin Development Project (PLSB) at a cost of RM99 million,' he said. He said this covers all risky areas in the Sungai Skudai basin, including Kg Poh Chi Lin, Kg Sepakat Baru, Kg Laut and Kg Syahbandar. 'Currently, the project is at the consultant appointment stage and physical works are expected to begin in 2027,' he said.
