Latest news with #RM61
Malaysiakini
2 days ago
- Business
- Malaysiakini
Kelantan water company owes TNB RM61m as of June
PARLIAMENT | State water provider Air Kelantan Sdn Bhd (AKSB) owed Tenaga Nasional Berhad some RM61 million in unsettled electricity bills as of June 30 this year. This is according to a parliamentary reply by Energy Transition and Water Transformation Minister Fadillah Yusoff, who was responding to a question posed by Zahari Kechik (PN-Jeli) on Aug 7.
The Star
04-08-2025
- Business
- The Star
Mindset change needed for 13MP to succeed, says Rafizi
KUALA LUMPUR: Former economy minister Datuk Seri Rafizi Ramli (PH-Pandan) says a change in attitude and approach is needed to ensure successful implementation of the 13th Malaysia Plan (13MP). He said good initiatives under the 13MP should be continued and improved upon, regardless of which administration started them. 'If the government, or even the ministers, were changed, usually plans that were previously agreed upon would be discarded, and the government would spend (more) to create something new. 'This practice needs to stop. If the plan is good and its target is good, it should be maintained and improved upon by the (next) government,' he said when debating 13MP in the Dewan Rakyat on Monday (Aug 4). ALSO READ: All 13MP projects will be monitored regularly to avoid delays He also said the prevalent mindset of rejecting ideas simply because they did not originate from one's own political faction is a significant issue that must be addressed. This attitude, which often results in good ideas being sidelined despite their potential benefits and the resources already invested, is widespread within the system, he added. 'It's prevalent in our system. The idea might be good, but the attitude is such that even though it has gone through the proper process, just because the suggestion didn't come from 'us', we don't support it. ALSO READ: Opposition moots cross-party committee to draw up effective 13MP strategies 'Even if it isn't completely discarded, it's shelved while other things are pursued, although the government has already spent money,' he said. He also said the attitude that undermines efforts under the plan is another thing that should be eradicated. 'In meetings, there is often unanimous agreement, with everyone expressing approval when a policy decision is reached. 'However, when it's time to implement it, various conflicting opinions arise. "People start saying it can't be done in this way or that way, despite the initial consensus that it should proceed,' he said. ALSO READ: Proper execution key for 13MP's success He added that this would hamper progress and result in failure to achieve the goals that have been set. He also pointed out the mismatch between plans and implementation, noting that often the projects implemented do not align with the strategic shifts and plans laid out. 'Under 13MP, all the proposed initiatives are commendable, but when it comes to the plans put forward to translate the annual allocations, they often have no connection to the Plan or the strategic shifts intended. 'Therefore, after five years of the plan, regardless of where we go or what happens, I don't know – the projects involve significant spending but do not translate into the necessary changes,' he said. On July 31, Prime Minister Datuk Seri Anwar Ibrahim tabled the five-year 13MP, which covers the period from 2026 to 2030 and provides a strategic framework for Malaysia's economic, social and environmental priorities. He stated that a total of RM611bil would be required to ensure the success of 13MP, covering the whole nation.
New Straits Times
14-07-2025
- Business
- New Straits Times
MIDF: Local institutions anchor RM463.9mil Bursa net inflows, extend streak
KUALA LUMPUR: Local institutional investors continued to anchor buying momentum on Bursa Malaysia for the eighth straight week, posting net inflows of RM463.9 million for the week ended July 11, according to MIDF Research. In its latest weekly Fund Flow Report, MIDF said the inflows were more than seven times higher than the RM61 million recorded in the previous week. Local retailers also swung back to net buying after two weeks of net selling, with net inflows totalling RM52.7 million. However, overall trading activity was more subdued. The average daily trading volume saw broad-based declines, with local retailers and local institutions recording drops of 1.6 per cent and 12.9 per cent, respectively. Foreign investors also registered a decline of 8.3 per cent. Meanwhile, MIDF reported that foreign investors turned net sellers on Bursa Malaysia after two straight weeks of buying, recording a net outflow of RM516.6 million. The firm said foreign investors were net sellers on all trading days, with daily outflows ranging from RM10.1 million to RM272.3 million. The largest outflow occurred on Monday, followed by Friday, with RM103.6 million. The smallest outflow was recorded on Tuesday at RM10.1 million. MIDF said the top three sectors that saw the highest net foreign inflows were utilities (RM52.5 million), property (RM35.4 million), and transportation and logistics (RM32.1 million). "The sectors with the largest net foreign outflows were financial services (RM237.6 million), telecommunications and media (RM142.7 million), and construction (RM89.1 million)," it said.
New Straits Times
21-06-2025
- Business
- New Straits Times
Batu Ferringhi coastal erosion project nears completion
GEORGE TOWN: The coastal erosion mitigation project at Batu Ferringhi has made significant progress, with sandbag installation works now 95 per cent completed. State Infrastructure, Transport and Utility Committee chairman Zairil Khir Johari said the initiative, which started in April, was funded through an emergency allocation of RM250,000. "The project, covering a 130m stretch from Rasa Sayang Hotel to Golden Sands Hotel, is now in its final stages, with contractors focusing on finishing works," he said in his latest Facebook entry. He also showed several photos of the work done. Zairil said, in addition to the immediate response, a long-term solution was underway under the 12th Malaysia Plan (12MP), with an estimated cost of RM61 million. He said the Department of Irrigation and Drainage (DID) is currently in the process of appointing surveyor for hydrographic survey of the coastline, which spans from Batu Ferringhi to Tanjung Bunga. "Physical works for the long-term solution are expected to begin next year or 2027," he added. During a visit here in April, Deputy Energy Transition and Water Transformation (Petra) Minister Akmal Nasrullah Mohd Nasir said the federal government had approved a RM61 million budget for vital restoration works for Batu Ferringhi following erosion issue. He said the project would focus on both immediate protection and long-term preservation, with particular details to maintaining the beach's attractiveness as a tourist destination. The design, to be finalised this year, would incorporate a combination of solutions such as breakwaters, sand nourishment, and other mitigation measures to stabilise the area and protect the 7km beachfront, stretching from Batu Ferringhi to Tanjung Bunga. The Batu Ferringhi beach, one of Penang's most iconic tourist destinations, has experienced considerable degradation over the past few years due to shifting sand and constant wave action.
The Star
07-06-2025
- Entertainment
- The Star
'Zombie Cure Lab': A new twist on the zombie genre
The game takes a pleasant new approach by focusing on reconstruction after a disaster, rather than producing even more atrocities like many other games. — Aerosoft BERLIN: What if instead of brutally slaughtering zombies, you could actually heal them and turn them back into humans? Zombie Cure Lab , a strategy game from Thera Bytes, puts that idea to the test. You start with a small base and a few scientists. The most important thing to do first is to produce enough raw materials like wood, stone and food to gradually find a cure for the zombie pandemic. But the undead are not friendly: When night falls, hordes of them attack the camp. Players must defend themselves against the attackers with defensive towers. Once the scientists have developed an ice beam, they can freeze zombies and capture them. These trapped zombies then become the basis for a potential cure, which proceeds in stages. Initially, the undead can only be partially cured, making them ideal for the base's labour market. These so-called "humbies" can take on simple tasks as long as they receive enough food. The game takes a pleasant new approach by focusing on reconstruction after a disaster, rather than producing even more atrocities like many other games. The comic-like graphic style further underlines the game's peaceful approach. Behind this, however, lie some complex economic simulation and management systems. Zombie Cure Lab is available as a PC game on Steam, priced at RM61. – dpa/Tribune News Service
