Latest news with #RM489
BusinessToday
21-05-2025
- Business
- BusinessToday
SP Setia Delivers RM89 Million In Net Profit Despite Market Volatility
SP Setia Bhd kicked off the financial year on a strong footing, announcing resilient earnings for the first quarter ended March 31, 2025 (1Q25), despite a backdrop of global market volatility. The group recorded a net profit of RM89 million, driven by operational efficiency and disciplined cost management. Revenue for the quarter stood at RM771 million, underpinned by robust sales performance and effective execution across its diversified property portfolio. Notably, the group reduced its borrowings by RM156 million, maintaining a healthy net gearing ratio of 0.35 times, aligned with its ongoing debt-reduction strategy. SP Setia secured RM718 million in sales for 1Q25, with local projects contributing RM489 million (68%) and international projects adding RM229 million (32%). Regionally, the Central region led domestic sales with RM284 million, followed by the Southern region at RM189 million. 'Our financial performance this quarter underscores the effectiveness of our strategies and adaptability to changing market dynamics. 'We continue to prioritise capital efficiency and expansion in high-growth segments, while navigating market fluctuations with prudence,' SP Setia President and Chief Executive Officer Datuk Choong Kai Wai said. Looking ahead, Choong said SP Setia plans to launch RM5.1 billion in property developments and RM300 million in industrial projects in FY25. 'Domestically, the group will continue accelerating catalytic township developments, eco-industrial parks and exploring land monetisation and strategic partnerships to unlock further value. 'Internationally, the group is gaining traction with the launch of ATLAS Melbourne, a high-impact development with an estimated gross development value (GDV) of A$886.7 million. In Vietnam, new residential phases within its successful EcoLakes development are scheduled for launch in FY25,' Choong added. As of March 31, 2025, SP Setia's unbilled sales stood at RM3.8 billion, supported by 42 ongoing projects, a remaining land bank of 5,364 acres, and an effective remaining GDV of RM120.1 billion. Related
Malay Mail
06-05-2025
- Malay Mail
Macau Scam strikes yet again as Penang woman loses RM489,550
NIBONG TEBAL, May 6 — A woman working for a private company lost RM489,550 after falling victim to a Macau Scam syndicate recently. Seberang Perai Selatan (SPS) police chief Supt Jay January Siowou said the 39-year-old woman received a phone call on Feb 17 from an individual claiming to be a police officer, who accused her of being involved in a criminal case. 'The individual claimed that the suspect needed to make payments to settle the investigation that is supposedly being carried out against her. The suspect also threatened her not to inform anyone of the matter. 'The woman then made 47 online cash transactions amounting to RM256,550 to 13 different bank accounts and 12 cash deposits amounting to RM233,000 to four different bank accounts via the cash deposit machine, with the amount transferred totalling RM489,550,' he said in a statement yesterday. He said the victim only realised she had been duped after confiding in her younger brother and lodged a report at the Sungai Bakap Police Station yesterday, adding that the case is being investigated under Section 420 of the Penal Code for cheating. — Bernama
New Straits Times
05-05-2025
- New Straits Times
Woman loses almost RM500,000 to Macau scam
WOMAN LOSES ALMOST RM500,000 TO MACAU SCAM NIBONG TEBAL, May 5 (Bernama) – A woman working for a private company lost RM489,550 after falling victim to a Macau Scam syndicate recently. Seberang Perai Selatan (SPS) police chief Supt Jay January Siowou said the 39-year-old woman received a phone call on Feb 17 from an individual claiming to be a police officer, who accused her of being involved in a criminal case. "The individual claimed that the suspect needed to make payments to settle the investigation that is supposedly being carried out against her. The suspect also threatened her not to inform anyone of the matter. "The woman then made 47 online cash transactions amounting to RM256,550 to 13 different bank accounts and 12 cash deposits amounting to RM233,000 to four different bank accounts via the cash deposit machine, with the amount transferred totalling RM489,550," he said in a statement today. He said the victim only realised she had been duped after confiding in her younger brother and lodged a report at the Sungai Bakap Police Station yesterday, adding that the case is being investigated under Section 420 of the Penal Code for cheating. – BERNAMA
The Sun
05-05-2025
- The Sun
Woman loses almost RM500,000 to Macau scam
NIBONG TEBAL: A woman working for a private company lost RM489,550 after falling victim to a Macau Scam syndicate recently. Seberang Perai Selatan (SPS) police chief Supt Jay January Siowou said the 39-year-old woman received a phone call on Feb 17 from an individual claiming to be a police officer, who accused her of being involved in a criminal case. 'The individual claimed that the suspect needed to make payments to settle the investigation that is supposedly being carried out against her. The suspect also threatened her not to inform anyone of the matter. 'The woman then made 47 online cash transactions amounting to RM256,550 to 13 different bank accounts and 12 cash deposits amounting to RM233,000 to four different bank accounts via the cash deposit machine, with the amount transferred totalling RM489,550,' he said in a statement today. He said the victim only realised she had been duped after confiding in her younger brother and lodged a report at the Sungai Bakap Police Station yesterday, adding that the case is being investigated under Section 420 of the Penal Code for cheating.
Barnama
05-05-2025
- Barnama
Woman Loses Almost RM500,000 To Macau Scam
NIBONG TEBAL, May 5 (Bernama) -- A woman working for a private company lost RM489,550 after falling victim to a Macau Scam syndicate recently. Seberang Perai Selatan (SPS) police chief Supt Jay January Siowou said the 39-year-old woman received a phone call on Feb 17 from an individual claiming to be a police officer, who accused her of being involved in a criminal case. "The individual claimed that the suspect needed to make payments to settle the investigation that is supposedly being carried out against her. The suspect also threatened her not to inform anyone of the matter.
