Latest news with #RM615
New Straits Times
03-06-2025
- Automotive
- New Straits Times
GOF foils petrol smuggling attempt using modified cars in Kelantan
KOTA BARU: The General Operations Force (GOF) has foiled an attempt to smuggle 300 litres of subsidised petrol into Thailand using five cars fitted with modified fuel tanks. The vehicles were discovered at a storage facility in Pangkalan Haram Mek, near Pengkalan Kubor, during a raid carried out in coordination with the Domestic Trade and Cost of Living Ministry (KPDN), said GOF Southeast Brigade Commander Datuk Nik Ros Azhan Nik Ab Hamid. "The petrol was found concealed in customised tanks inside the cars. The seized fuel, worth RM615, is believed to have been prepared for cross-border smuggling," he said in a statement yesterday. The case is being investigated under Section 21 of the Control of Supplies Act 1961 and all seized items have been handed over to KPDN for further action. – BERNAMA
The Sun
03-06-2025
- Automotive
- The Sun
GOF foils petrol smuggling attempt using modified cars in Kelantan
KOTA BHARU: The General Operations Force (GOF) has foiled an attempt to smuggle 300 litres of subsidised petrol into Thailand using five cars fitted with modified fuel tanks. The vehicles were discovered at a storage facility in Pangkalan Haram Mek, near Pengkalan Kubor, during a raid carried out in coordination with the Domestic Trade and Cost of Living Ministry (KPDN), said GOF Southeast Brigade Commander Datuk Nik Ros Azhan Nik Ab Hamid. 'The petrol was found concealed in customised tanks inside the cars. The seized fuel, worth RM615, is believed to have been prepared for cross-border smuggling,' he said in a statement today. The case is being investigated under Section 21 of the Control of Supplies Act 1961 and all seized items have been handed over to KPDN for further action.
The Sun
03-06-2025
- Automotive
- The Sun
GOF foils petrol smuggling attempt using modified cars
KOTA BHARU: The General Operations Force (GOF) has foiled an attempt to smuggle 300 litres of subsidised petrol into Thailand using five cars fitted with modified fuel tanks. The vehicles were discovered at a storage facility in Pangkalan Haram Mek, near Pengkalan Kubor, during a raid carried out in coordination with the Domestic Trade and Cost of Living Ministry (KPDN), said GOF Southeast Brigade Commander Datuk Nik Ros Azhan Nik Ab Hamid. 'The petrol was found concealed in customised tanks inside the cars. The seized fuel, worth RM615, is believed to have been prepared for cross-border smuggling,' he said in a statement today. The case is being investigated under Section 21 of the Control of Supplies Act 1961 and all seized items have been handed over to KPDN for further action.
New Straits Times
23-05-2025
- Business
- New Straits Times
NCT Group, Canada's Intrinsic Venture to leverage RM615mil fund to catalyse innovation
KUALA LUMPUR: Canadian venture capital firm Intrinsic Venture Capital has partnered with the Invest NCT Programme under NCT Group to support industrial innovation and drive Malaysia's economic transformation. The partnership aims to leverage Intrinsic Venture's RM615 million (CAD 200 million) fund to catalyse innovation, smart industry growth and global market integration from Malaysia. It also aims to empower high-growth start-ups and advanced industries at the NCT Smart Industrial Park (NSIP), under the theme "New Money for New Industries". The fund targets strategic sectors including semiconductors, medical technology, electronics, green technology and digital infrastructure, positioning NSIP as Southeast Asia's leading hub for smart industrial transformation. The initiative was formalised with the signing of a Memorandum of Understanding (MoU) today between NCT Group and Intrinsic EO, a global cross-border financial consultancy. The MoU outlines plans to integrate global finance, digital infrastructure, and market entry strategies into the NSIP, in line with the objectives of Malaysia's National Industrial Master Plan 2030 (NIMP 2030) and Industry ESG 4.0 standards. NCT founder and group managing director Datuk Seri Yap Ngan Choy said the strategic partnership with Intrinsic EO opens exciting possibilities for NSIP and Malaysia's industrial landscape. "By tapping into global expertise and digital capabilities, we are not only strengthening NSIP's value proposition as an investment-attractive industrial hub, but also reinforcing our commitment to sustainable and innovation-led development," he said in a statement. Intrinsic EO chairman Andrew Sanden said the partnership allows the company to bring its international experience in market expansion, cross-border investment, and digital transformation to a strategic location in Southeast Asia. "Together with NCT Group, we aim to build a smart, connected industrial environment that supports companies entering and scaling within the region — while contributing to Malaysia's role as a regional hub for innovation and sustainable industry," he said. As a strategic facilitator, the Invest NCT Programme offers flexible industrial property models, including Built-to-Suit and lease-to-buy schemes, supported by a capital consortium comprising venture capital, private equity, bank co-investments, and talent bank resources. It embodies a future-forward investment strategy that integrates "New Finance, New Money" principles to create a fully bankable industrialisation model.
