Latest news with #RM6mil
The Star
2 days ago
- General
- The Star
MPAJ seeking High Court ruling on Highland Towers
MPAJ is seeking legal recourse to demolish the two remaining blocks at Highland Towers in Hulu Kelang, Selangor. The blocks have been abandoned following the Dec 11, 1993, tragedy which killed 48 people. — Filepic AMPANG Jaya Municipal Council (MPAJ) will seek a High Court order to proceed with the demolition of the remaining blocks of Highland Towers in Hulu Kelang, Selangor. This comes after MPAJ failed in its latest bid to obtain court approval from the Ampang Magistrate's Court to bring down the structures. MPAJ deputy president Hasrolnizam Shaari said the next course of action would be to bring the matter to the High Court for a ruling. 'We will need to get leave from the High Court to decide if MPAJ is allowed to carry out the demolition. 'The Magistrate's Court directed MPAJ to seek an order from the High Court as Highland Properties Sdn Bhd (the landowner) has been wound up,' Hasrolnizam said after chairing the local council's monthly full board meeting at Menara MPAJ in Pandan Indah yesterday. Last year, MPAJ initiated the process to demolish the remaining blocks, following multiple complaints from neighbouring residents. Then president Dr Ani Ahmad had said MPAJ would issue a notice to the property owners to demolish the structures. She had also said due process would be carried out according to Sections 87, 88 and 89 of the Street, Drainage and Building Act 1974 (Act 133). These relate to nuisances (Sections 87 and 88) and demolition of a house unfit for habitation (Section 89). At the time, she said the demolition was estimated to cost between RM6mil and RM7mil. The Highland Towers tragedy occurred on Dec 11, 1993, when one of the three blocks collapsed, resulting in 48 fatalities. The remaining towers were evacuated for safety reasons, leading to the area's eventual abandonment. On another matter, Hasrolnizam said MPAJ supported Selangor's centralised parking initiative, citing its potential to streamline operations and boost revenue. 'Although MPAJ is not one of the four initial councils targeted for the first phase, there have been discussions. 'So far, we do not have any major concerns,' he said, adding that the municipal council currently collected about RM600,000 in monthly parking fees. The Selangor Intelligent Parking (SIP) system is a state-led initiative to digitalise and centralise public parking. It is spearheaded by Menteri Besar Incorporated (MBI) Selangor and implemented through a company in collaboration with local councils. Under the SIP model, parking revenue will be split with 50% going to the concessionaire, 40% to the local councils involved and 10% to MBI. SIP is meant to kick off with Petaling Jaya City Council, Shah Alam City Council, Subang Jaya City Council and Selayang Municipal Council. Hasrolnizam said between January and July 24, MPAJ collected RM5.1mil in parking revenue. The main contributors were special bay rentals (RM2.5mil) and online payments (RM2.3mil), followed by monthly passes (RM144,000) and resident passes (RM193,000). During the meeting, Hasrolnizam also reported on MPAJ's efforts to recover assessment tax arrears from property owners as part of a pilot project launched in June last year. The initiative targeted 57 account holders with a total debt of RM109,462. 'As of July 2025, MPAJ successfully recovered RM75,728, achieving a 69.2% recovery rate.'
The Star
3 days ago
- Business
- The Star
Muar man loses nearly RM500K to investment scam
MUAR: A man here was duped into losing almost half a million ringgit in a bogus online investment scheme promising high returns within months. Muar OCPD Asst Comm Raiz Mukhliz Azman Aziz said the 46-year-old victim lodged a police report on Monday (July 28) after realising he had been scammed out of RM488,740 over two months. 'The victim came across an investment advertisement on social media and clicked on a link which directed him to communicate with an unknown individual via WhatsApp. 'The victim was then instructed to download a mobile application called 'PHG Plus', allegedly for investment purposes,' he said here on Tuesday (July 29). ACP Raiz Mukhliz added that the victim, who works at a furniture factory here, was promised an attractive return of 50% within a week and up to 500% in six months. He said between May 21 and July 21, the victim made 39 transactions totalling RM488,740 into six different bank accounts provided by the suspect. 'However, when he tried to withdraw his so-called profits, which appeared to have reached over RM6mil in the app, he was told to first pay an additional RM600,000 as 'income tax'. 'It was at that point that the victim realised he had been cheated,' he said, adding that the case was being investigated under Section 420 of the Penal Code for cheating. ACP Raiz Mukhliz urged the public to be vigilant against online investment scams that promise unrealistic returns within a short period. 'Always verify with official sources before making any financial commitments. 'Please follow the Royal Malaysia Police Commercial Crime Investigation Department's social media accounts on Facebook, Instagram and TikTok for updates on the latest scam tactics,' he added.
The Star
14-07-2025
- Automotive
- The Star
Solid Automotive acquires motor vehicles spare parts company for RM6mil
PETALING JAYA: Solid Automotive Bhd is acquiring motor vehicles spare parts company, SG, for RM6mil. In a filing with Bursa Malaysia, the autoparts company said it had acquired the entire stake in SG (or 500,000 shares) from the latter's shareholders, namely Ng Tian Seow, Leong Foo Weng and Hong Kok Liang. Solid Automotive said the proposed acquisition represents a new growth and profitability avenue for the group in the general automotive aftermarket parts for passenger cars, which constitute a large segment of the automotive aftermarket parts industry in Malaysia. It said the general automotive aftermarket parts segment is expected to continue to grow in tandem with the growth in the automotive market. 'SG is well established in the trading of genuine automotive parts, and genuine brands including, but not limited to, Perodua, Proton and Nissan. 'Its customers' base mainly comprises spare parts shops and a network of over 300 customers. Accordingly, Solid will be able to tap into the well-established distribution channels of SG.'
The Star
11-07-2025
- Business
- The Star
Hektar REIT to acquire 41.8 acres in Melaka for RM40mil, signs 30-year leaseback deal
KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) has proposed to acquire two parcels of leasehold land in Melaka, totalling 41.8 acres for RM40mil. In a filing with Bursa Malaysia, Hektar REIT said its trustee, MTrustee Bhd, entered into two conditional sale and purchase agreements with KYS College Sdn Bhd for the proposed acquisition. The land comprises a 6.3-acre parcel priced at RM6mil and a 35.5-acre portion of land priced at RM34mil, both located in Mukim Durian Tunggal, Alor Gajah. The properties will also be leased back to the vendor as part of the agreement. As part of the deal, the land will be leased back to KYS College. MTrustee has also signed two lease agreements with KYSA Education Sdn Bhd, the current operator of Kolej Yayasan Saad Melaka, for a 30-year triple net lease on the properties. The lease includes a 10% rental escalation every three years, with a combined average yield of 8.45% over the 30-year term. It added that the lessee also has the option to extend the lease for another 30 years, and subsequently until the end of the leasehold period. Hektar REIT said the proposed acquisition will be funded through a combination of cash and borrowings, with RM24mil in financing expected to be raised. It said the proposed acquisition and lease align with its long-term goal of providing sustainable income to unitholders by investing in quality real estate with stable returns. Although the acquisition currently involves only the land, it lays the groundwork for future expansion of KYS. Once the lessee completes development on the site, Hektar REIT may choose to acquire the completed building, shifting the rental structure to one based on gross floor area. It said this would boost future income potential and further diversify the REIT's portfolio with greater exposure to the growing education sector.
The Star
10-07-2025
- Entertainment
- The Star
Residents in 10 Perak villages facing water woes
AT times, they have to wait up to five hours to fill up a water tank at home. Utusan Malaysia highlighted the woes of residents from 10 villages in Alor Pongsu, Perak, who have been putting up with low water pressure in their homes for the past three years. One of the villagers, Asman Hariza Mohamad, 38, said their daily life had been disrupted as they faced problems carrying out activities like washing, cooking, and bathing. 'It's getting dire as most of us have to wait for long hours to fill up the water tank. This is especially so during peak hours such as in the morning or Maghrib time,' said Asman. 'During festive seasons and school holidays, we would have to turn on the tap at dusk. The water tank will be full only after midnight,' he added. > Singer Shila Amzah has revealed that she turned down a RM6mil offer to be the product ambassador of a shampoo brand as it required her to remove her hijab, Utusan Malaysia reported. 'They wanted to give me 10 million yuan, equivalent to RM6mil, on the condition that I remove my hijab,' she said, recounting the offer that was made to her several years ago in China. Shila, 34, had made a name for herself in China after finishing third in a singing competition there in 2014. > Despite suffering a tonsil infection which nearly required surgery when he was 18, Kudien Rafee has succeeded as a singer today, Harian Metro reported. The constant medical attention at that time had saved his voice box. Kudien Rafee, who is 30 now, had taken part in various singing contests. Although there were many rounds of early elimination in the competitions and he came close to giving up – the support from his family led him to win the grand finale in the rock category of the reality show, 3 Juara in 2017. These days, he is busy staging performances for corporate dinners, among others. The above articles are compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with a, it denotes a separate news item.
