Latest news with #RM55
Borneo Post
6 days ago
- Business
- Borneo Post
Sibu MP to hold subsidised food sale at Delta Mall tomorrow
File photo shows Ling at The Market Place at Delta Mall. SIBU (July 25): Sibu MP Oscar Ling's parliamentary service centre will be holding another round of subsidised food sales at The Market Place in Delta Mall here tomorrow (July 26). The event will run from 11.30am to 2.30pm, with 1,000 food packs available for purchase at RM55 each, Ling said in a statement yesterday. 'The original total price of the goods in each set is RM81, but it will be sold at a 32 per cent discount, or RM26 cheaper, thus making it very affordable,' he said. Each set contains a tray of 10 eggs, 10kg white rice, 10 packets of instant noodles, chocolate drink, biscuits, canned curry chicken, canned sardines, canned baked beans, and 500g condensed milk. Ling said each household is limited to one set on a first-come first-served basis while stocks last. 'The items in the pack will not be sold separately. Only cash payment is accepted,' he added. He also said those who purchase powdered milk worth RM20 or more during the event will get a RM5 rebate, with each buyer also receiving a small gift. 'This event is part of the Madani Government's ongoing efforts to ease the people's cost of living,' said Ling. Delta Mall oscar ling Sibu MP subsidised food sales
New Straits Times
23-07-2025
- Business
- New Straits Times
Investor caution pressures Bursa, but mega IPO could lift sentiment
KUALA LUMPUR: The prolonged caution among investors driven by ongoing trade and monetary policy uncertainties is expected to weigh on Bursa Malaysia's performance, dampening overall trading activity. RHB Research said the continued uncertainty will keep securities market prospects dampened and prolong risk-off investor behaviour. The firm believes that the derivatives market could also soften ahead in tandem with an expected half-on-half (HoH) softening in crude palm oil (CPO) prices. "Encouragingly, we gather that an initial public offering (IPO) deal carrying about RM30 billion market capitalisation—potentially the biggest ever IPO in Malaysia—is currently in the works and could be completed as soon as late third quarter (Q3) 2025. "On top of slightly lifting Bursa's non-trading revenue, this could also provide a boost to securities average daily value (SADV) should there be sufficient and sustained investor interest," it said. Meanwhile, RHB Research said Bursa Malaysia is scheduled to release its Q2 2025/first half of 2025 (1H25) financial results on July 29. As sequentially soft securities and derivatives indicators point towards a soft Q2 2025 overall, the firm said Bursa's 1H25 results could either underperform or just meet consensus' estimates. "We estimate Bursa could post a Q2 2025 net profit in the range of RM55 to RM65 million, bringing the 1H25 sum to RM123 million to RM133 million, a decline of 14-21 percent year-on-year (YoY) and 45-49 per cent YoY of consensus' financial year 2025 (FY25) profit after tax, zakat, and minority interest (PATAMI)," it said. RHB Research's unofficial forecast is premised on a sequential 10 per cent drop in total revenue due to weaker SADV and derivatives average daily volume (DADC) indicators and a higher cost-to-income ratio (CIR) of 52 per cent given the softer income generation. Overall, the firm expects Bursa to declare an interim dividend per share (DPS) in the range of 14-15 sen on a 90 per cent dividend payout ratio (DPR) assumption—a decline from the 18 sen/94 per cent DPS/DPR declared in 1H24. The firm has maintained a Neutral rating on Bursa Malaysia, raising its target price to RM8.05 from RM7.70 previously.
New Straits Times
22-07-2025
- Business
- New Straits Times
'I fear for my family': Father severs ties with son over repeated loan shark debts
KUALA LUMPUR: A heartbroken father has cut ties with his 22-year-old son, who repeatedly borrowed money from loan sharks and racked up debts totalling around RM150,000. Lim Kian Boon, a night market hawker, said the decision was necessary to protect the rest of the family – including elderly and young members – from harassment by loan sharks. He revealed that his son first borrowed RM50,000 three years ago. Although the family helped settle the amount, the son later took another RM55,000 loan without their knowledge, China Press reported. "I only found out about the second loan when the loan sharks called me directly," he said during a press conference today, accompanied by Selangor DAP Socialist Youth (DAPSY) secretary Lee Woon Bin. His son, who is also a night market vendor, offered little explanation for his borrowing – only citing cash flow problems related to his business. Despite promising not to repeat his actions, he went on to take a third loan of over RM20,000 in May. Loan sharks eventually turned up at the family's doorstep. When the family confronted him, he again promised to stop. But Lim said a fourth loan of RM25,000 was soon taken. "For the first three rounds, I borrowed over RM100,000 from relatives and friends to settle his debts. Even my 70-year-old father chipped in. Though the debts have been cleared, I'm now repaying RM5,000 a month to those who helped," Lim said. He added that during the most recent incident, his son's girlfriend even pawned her gold jewellery to help repay the loan. "I just can't keep helping anymore. I have to protect my family. Our home has elderly people and children. I fear for their safety," he said. Lim noted that his son recently posted on Facebook, hinting at wanting to borrow again – a move he said would test whether cutting ties would deter loan sharks from targeting the rest of the family.
The Star
16-07-2025
- The Star
MACC arrests clerk for allegedly submitting false hotel claims totalling RM55,000
SEREMBAN: The Malaysian Anti-Corruption Commission (MACC) has obtained a court order to remand a woman for seven days until July 22 to investigate her for allegedly providing false information to claim a total of RM55,000. The suspect, in her 20s, was detained when she arrived for questioning at the state MACC office around 9.30pm on July 15. The woman, who is a clerk at a tour company in Kuala Lumpur, had allegedly submitted documents containing false details involving a company credit card payment claim for hotel bookings. A source said the suspect was believed to have committed the offences between March 2023 and February last year. "The suspect is believed to have submitted company credit card payment claim documents containing false details for hotel bookings on official company business for personal gain," he said. When contacted, state MACC chief Awgkok Ahmad Taufik Putra Awg Ismail confirmed the case, adding that it was being investigated under Section 18 of the MACC Act.
Hype Malaysia
27-06-2025
- Hype Malaysia
Vacation Like A Boss With This Scenic 4D3N Escape By Road & Ferry To Redang!
Island vacays are back, and hotter than ever! If your feed is full of ocean dips, sandy toes, and sunset shots, you're not imagining it. The island escape is officially back, and there's no better time to plan your own. Think crystal-clear waters, golden sunsets, and a splash of local culture. We've got your ultimate 4D3N game plan: from KL's bright lights to the laidback vibes of Kuala Terengganu, and finally to the Instagram-famous shores of Pulau Redang. And the best part? With redBus, you don't need to juggle multiple bookings or stress out over ferry timings. Just head over to redBus — where you can book your bus to Kuala Terengganu and ferry to Redang in one go. Travel smart, travel smooth. So, here's your perfect 4D3N coast-to-island escape, built for long weekends and spontaneous getaways alike. Packing essentials: sunglasses, sunscreen, a hat, swimwear, comfortable walking shoes, a camera, and a good playlist. Day 1: Road Trip KL → Kuala Terengganu Start your long weekend adventure with a classic kopitiam breakfast near KL Sentral — soft-boiled eggs, kaya toast, and a strong kopi to fuel your journey. Then it's time to board a double-decker bus from KL to Kuala Terengganu. The ride takes about 6 to 7 hours, so bring a book, listen to a podcast, or catch up on sleep. Along the way, you'll pass stretches of lush greenery, winding coastal highways, and small towns that offer a glimpse of east coast charm. Upon arriving in Kuala Terengganu in the afternoon, you can stretch your legs and head over to the city's colourful Chinatown. This historic quarter is home to the oldest temple in Terengganu, Ho Ann Kiong, built in the 1800s. It's a preserved slice of pre-colonial heritage. Its traditional Chinese-style shophouses and settlements are part of a UNESCO World Heritage Site, now refreshed with vibrant murals and the charming Memory Lane, which pays tribute to notable Chinese figures from Terengganu's past. With every corner steeped in culture and character, it's also an ideal spot for snapping some insta-worthy photos. As the day winds down, make your way to Pantai Batu Buruk for a relaxed sunset session by the sea. The beach vibes here are laid-back with families flying kites and some strolling leisurely. Wrap up your evening with a seafood feast at one of the nearby warungs. Don't miss local favourites, spicy sambal sotong and ikan celup tepung. DAY 2 & 3: Boat Rides & Island Life Kuala Terengganu → Pulau Redang Wake up early, check out, and make your way to Taman Tamadun Islam Jetty to catch the first ferry to Pulau Redang. The ride takes around 1.5 hours, so settle in and enjoy the sea breeze. If you get seasick easily, it's a good idea to take a pill beforehand and do not forget to layer on the sunscreen before you board! Pro tip: Book your ferry via redBus for around RM55 with free cancellation (just in case your plans change). Even better? Use the code RBFERRY to score 25% off instantly + 25% cashback on your booking. More savings = more beach snacks. Check in to your resort, drop your bags, and hit the beach. First swim, first floating-in-the-sea pic, first fresh coconut water — all before the sun goes down. As evening falls, settle in for a sunset dinner right on the beach. Many popular resorts host grill nights and fire shows, a perfect way to end your first island evening. The next day is all about soaking in the best of Redang. Post breakfast, join a snorkel tour to explore the Marine Park and Coral Gardens, where with a little luck, you might spot turtles gliding through the water. Make sure to carry a waterproof pouch or GoPro to document these incredible moments. Spend the afternoon as you like. Kayaking, beach volleyball, or lounging under coconut trees, do as much (or as little) as you want. The only rule? Relax and repeat. Ps. if you stay up late, you will be treated to a spectacular show of stars above the island. DAY 4: One Last Dip Pulau Redang → Kuala Terengganu → KL Ease into your final island morning with a coffee and a quiet beach walk. And yes, squeeze in that last swim before reality (and your inbox) calls. Before you pack up, swing by the local beach stalls for a few souvenirs. Catch the ferry back to Kuala Terengganu. If you have a bit of time before catching your bus back, make a quick stop at Pasar Payang, one of Kuala Terengganu's most vibrant local markets. Take your time browsing for woven bags, batik prints, and quirky souvenirs. Then it is back on the road for the journey home. As the city lights of KL come back into view, you will already be dreaming of your next east coast escape. What's your Reaction? +1 0 +1 0 +1 0 +1 0 +1 0 +1 0
