Latest news with #RM5.68
Borneo Post
2 days ago
- Business
- Borneo Post
RM5.68 mln S'wak Infra hall project faces delay, ministry steps up monitoring
Rubiah (fourth right) during the on-site briefing. – Ukas photo KUCHING (June 6): Construction of the multi-purpose hall at the Sarawak branch of the Institute for Rural Advancement (Infra) is currently at 60 per cent completion, which is significantly behind its target of 83 per cent. According to the Sarawak Public Communications Unit (Ukas) report, the RM5.68 million project is being closely monitored following the delay, with efforts underway to ensure it is delivered according to schedule. Deputy Minister of Rural and Regional Development, Datuk Rubiah Wang, visited the site recently to assess the situation and receive an on-site briefing from project stakeholders. Implemented by Mindagang Resources Sdn Bhd and supervised by the Special Project Team 2 of the Public Works Department (JKR) Malaysia, the project, which started on December 20, 2023, was initially expected to be completed by August 19 this year. But with just over a year remaining before the new targeted completion date, Rubiah said her ministry is expected to intensify monitoring efforts to address any further delays and bring the project back on track. 'We want every sen spent to bring direct benefit to the people, not just building structures, but creating inclusive and conducive spaces for rural community development,' she said. Among the key facilities being built under the project are a main hall, badminton court, male and female prayer rooms, changing areas, an AV room, lobby, stage, switch room, accessible toilets, and ablution areas. Rubiah said the site visit demonstrated the ministry's commitment to ensuring rural infrastructure projects proceed according to standards and deliver value to local communities. Infra multi-purpose hall project delay Rubiah Wang
The Sun
09-05-2025
- Business
- The Sun
Cambridge remains unfazed as US slashes tariffs on UK cars, steel
CAMBRIDGE: The United States (US) has reduced tariffs on British cars and steel, making headlines across the United Kingdom (UK) on Thursday (May 8). According to the UK government's official website, Washington slashed tariffs on UK car imports to 10 per cent from 27.5 per cent and eliminated tariffs on steel and aluminium, reducing them from 25 per cent to zero. However, on the cobbled streets of Cambridge, the world's most renowned university town, life continues as usual, with no noticeable public reaction. In fact, when US President Donald Trump made the 'Liberation Day' tariff announcement on April 2, consumers here seemed largely indifferent to the political impact of tariffs. There were no 'Buy British' campaigns trending in town, nor any significant shift in consumer sentiment. This is despite a recent survey conducted by British universal bank Barclays Plc showing that, based on its consumer card spending data, 71 per cent of consumers plan to buy more 'Made in Britain' products in response to the trade tariffs. As observed by Bernama around King's Parade, one of the busiest tourist streets in central Cambridge following Thursday's (May 8) tariffs announcement, American fast food chains remained crowded with people enjoying burgers and fried chicken, coffee continued to be sipped, and the Apple store was as busy as ever. It seems that the impact of US tariffs has had little effect on the everyday lives of most Cambridge residents. A quiet confidence in the bubble Perhaps the reality in Cambridge is that its economy is not tied to the industries most affected by tariffs. Rather than relying on exports like steel or dairy products, the university town thrives on knowledge, intellectual capital and research funding. For most people here, the tariff dispute always felt distant or perhaps irrelevant. Even with the reversal of automotive and steel tariffs, which brought cheers from engine-maker Rolls-Royce Holdings Plc and aerospace firm Melrose Industries Plc, and despite the Bank of England cutting interest rate by 25 basis points to 4.25 per cent to cushion the UK's economy against the impact of Trump's tariff policies, Cambridge remains unfazed. At Thursday's close, Rolls-Royce rose 3.66 per cent to 794 pence (100 pence = RM5.68) a piece, while Melrose was 5.21 per cent higher at 470.70 pence a piece. Muted consumer attitudes Although the US maintained a hard stance during the Trump administration, British consumers never seemed to 'retaliate' against the tariffs imposed. In Cambridge, American fast food chains remain as popular as ever, with visitors, students and professionals continuing to dine at these restaurants or shop at the stores of American tech giants without a second thought. The easing of US tariffs on UK automotive, steel and aluminium may signal progress in trade relations, and the change will certainly be welcomed by the sectors directly affected, ranging from local businesses to major exporters. For them, it represents an opportunity to expand market access in the world's largest economy. However, this change will likely be absorbed quietly in Cambridge, the centuries-old university town by the River Cam.
The Sun
09-05-2025
- Business
- The Sun
US cuts tariffs on UK goods, Cambridge unfazed
CAMBRIDGE: The United States (US) has reduced tariffs on British cars and steel, making headlines across the United Kingdom (UK) on Thursday (May 8). According to the UK government's official website, Washington slashed tariffs on UK car imports to 10 per cent from 27.5 per cent and eliminated tariffs on steel and aluminium, reducing them from 25 per cent to zero. However, on the cobbled streets of Cambridge, the world's most renowned university town, life continues as usual, with no noticeable public reaction. In fact, when US President Donald Trump made the 'Liberation Day' tariff announcement on April 2, consumers here seemed largely indifferent to the political impact of tariffs. There were no 'Buy British' campaigns trending in town, nor any significant shift in consumer sentiment. This is despite a recent survey conducted by British universal bank Barclays Plc showing that, based on its consumer card spending data, 71 per cent of consumers plan to buy more 'Made in Britain' products in response to the trade tariffs. As observed by Bernama around King's Parade, one of the busiest tourist streets in central Cambridge following Thursday's (May 8) tariffs announcement, American fast food chains remained crowded with people enjoying burgers and fried chicken, coffee continued to be sipped, and the Apple store was as busy as ever. It seems that the impact of US tariffs has had little effect on the everyday lives of most Cambridge residents. A quiet confidence in the bubble Perhaps the reality in Cambridge is that its economy is not tied to the industries most affected by tariffs. Rather than relying on exports like steel or dairy products, the university town thrives on knowledge, intellectual capital and research funding. For most people here, the tariff dispute always felt distant or perhaps irrelevant. Even with the reversal of automotive and steel tariffs, which brought cheers from engine-maker Rolls-Royce Holdings Plc and aerospace firm Melrose Industries Plc, and despite the Bank of England cutting interest rate by 25 basis points to 4.25 per cent to cushion the UK's economy against the impact of Trump's tariff policies, Cambridge remains unfazed. At Thursday's close, Rolls-Royce rose 3.66 per cent to 794 pence (100 pence = RM5.68) a piece, while Melrose was 5.21 per cent higher at 470.70 pence a piece. Muted consumer attitudes Although the US maintained a hard stance during the Trump administration, British consumers never seemed to 'retaliate' against the tariffs imposed. In Cambridge, American fast food chains remain as popular as ever, with visitors, students and professionals continuing to dine at these restaurants or shop at the stores of American tech giants without a second thought. The easing of US tariffs on UK automotive, steel and aluminium may signal progress in trade relations, and the change will certainly be welcomed by the sectors directly affected, ranging from local businesses to major exporters. For them, it represents an opportunity to expand market access in the world's largest economy. However, this change will likely be absorbed quietly in Cambridge, the centuries-old university town by the River Cam.
