Latest news with #RM758
Daily Express
6 days ago
- Business
- Daily Express
Naimah to challenge MACC's freezing order on overseas assets
Published on: Wednesday, June 04, 2025 Published on: Wed, Jun 04, 2025 By: FMT Reporters Text Size: MACC obtained a court order to freeze £132 million or RM758.2 million worth of assets in London belonging to Naimah Khalid and her family. (Bernama pic) PETALING JAYA: Naimah Khalid, the widow of former finance minister Daim Zainuddin, will challenge the court order obtained by the Malaysian Anti-Corruption Commission (MACC) to freeze RM758 million worth of assets abroad linked to her and her family. Naimah claimed that the assets were lawfully acquired and that her lawyers would immediately move to set aside the freezing order, which was granted ex parte. 'I will challenge this order to defend what should never be taken from any of us: our rights, our voice, and a country governed by law, not by fear. 'Let there be no doubt that I will fight this politically motivated, reckless, vindictive and lawless action, through all legal means at my disposal,' she said in a statement today. She argued that no reasonable person would say the order was in accordance with fairness or the rules of natural justice, accusing MACC of obtaining it by ambush. The Kuala Lumpur High Court reportedly granted MACC's application to freeze £132 million (RM758.2 million) worth of assets in London belonging to Naimah and her family. The assets include two commercial buildings, five luxury residences, and one bank account, Utusan Malaysia reported. Naimah alleged that the move was part of a 'long and continuous smear campaign' against her family by Prime Minister Anwar Ibrahim and MACC chief commissioner Azam Baki since late 2022. 'No crime of any kind has ever been proven against Daim. No charges were brought in his lifetime, and none after his death,' she said, adding that the Anti-Money Laundering Act cited by MACC required a serious offence to be proven first. She warned that failure to push back against such actions would embolden those in power to act with impunity. 'A line has been crossed. And if we do not resist, there may soon be no lines left at all. Then no Malaysian will be safe from the reach of unchecked power,' she said. Daim was charged in January last year with failing to declare assets to MACC, including interests in 38 companies, 19 land plots in five states, six properties, two unit trust accounts and seven luxury vehicles. MACC said he had asked for five deadline extensions but still failed to comply. After Daim's death on Nov 13 last year, the prosecution withdrew the charges, and the court granted an order discharging and acquitting him. Naimah also faces an asset declaration charge. She is accused of failing to declare her ownership in various companies, several plots of land here and in Penang, and two vehicles. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
30-05-2025
- Health
- New Straits Times
Three major health projects underway at Penang Hospital
GEORGE TOWN: Three health projects are ongoing at Penang Hospital here, backed by a federal allocation of RM758 million under the Malaysia Plan. State Youth, Sport and Health Committee chairman Daniel Gooi Zi Sen said these projects represented a critical upgrade to the state's healthcare infrastructure. The three projects are the RM307 million women and children's block, the RM23 million stem cell services block and the RM428 million specialist clinic and ward block. Gooi said the women and children's block involved demolishing the existing block and constructing an eight-storey hospital building with 329 beds and a 12-storey car park with 449 parking bays. "It includes major services such as outpatient and inpatient care, diagnostic and treatment units, medical support services, administrative offices, and public amenities including a cafeteria, surau and playground. "This block will consolidate all women and children's services, reducing congestion and eliminating the need for patients to access the main hospital block. "The project is currently 34.35 per cent completed as of May 22, and is targeted for completion by January 2026," he said during a visit to the women and children's block construction site here today. Gooi said the stem cell services block was aimed at upgrading stem cell transplant services, including allogeneic bone marrow transplant facilities, apheresis units and stem cell labs. He said additional infrastructure included 25 parking lots, a covered connecting bridge, support buildings (including a waste house and M&E room), and utility upgrades. "This project is 10.19 per cent completed as of May 29, with completion scheduled for March 2027. "As for the specialist clinic and ward block, this 14-storey building will house specialist clinics (levels 1–11) and wards (levels 12–14) with 216 beds, along with parking on levels 2–7 and mechanical facilities in the basement. "The project currently stands at 3.33 per cent progress as of May 20, with completion targeted for May 2029," he added. Gooi said that despite earlier delays due to the Covid-19 pandemic and handover constraints, construction had picked up pace, particularly following the piling phase. He said the implementation of the Industrialised Building System was expected to accelerate progress. "These upgrades will enhance public healthcare access, reduce overcrowding and resolve long-standing parking issues at the hospital. "These developments reflect the government's commitment to a more equitable, high-quality healthcare system," he said. Gooi said they would continue to strengthen public health infrastructure to ensure no one is left behind.
The Sun
22-05-2025
- Business
- The Sun
CelcomDigi posts resilient Q1 results, declares 3.7 sen interim dividend
PETALING JAYA: CelcomDigi Bhd delivered resilient results for the first quarter of financial year 2025 (Q1'25) with growth in revenue and profit after tax (PAT) while its core business stabilised. This achievement, CelcomDigi said in a statement today, sets the company in the right direction for sustained profitable growth as the nation's largest mobile network operator. Total revenue grew 1.2% year-on-year (y-o-y) to RM3.209 billion, while earnings before interest and tax (Ebit) registered growth of 21.3% y-o-y to RM696 million, and PAT improved 4.6% y-o-y to RM388 million as a result of prudent cost management in trimming operational expenditure and lower depreciation and amortisation. Adjusted for non-recurring items (severance packages in Q1'24 and rights-of-use impairments in Q4'24), Ebit would have been RM758 million, while PAT was at RM434 million. The company declared a first interim dividend of 3.7 sen per share, in line with its sustainable dividend commitment to shareholders. Integration and transformation initiatives progressed as planned across network, IT and retail, with intensified efforts in driving customer and operational excellence across the organisation. CelcomDigi's network integration and modernisation reached about 80% completion as of end-March 2025, with six states completed. The company continued to ramp up IT consolidation activities, with 28 out of over 50 systems integrated to date, with a target of achieving approximately 75% of systems integrated by year end. This will enable seamless, personalised digital experiences at scale for its customers, and will strengthen the company's customer positioning. CelcomDigi's retail transformation continued to advance, with over 50 new digital-concept stores launched to date, resulting in higher sales productivity and enhanced customer engagements. CelcomDigi is now embarking on the next phase of transforming more than 300 exclusive partner stores. Upon completion, the company will form one of Malaysia's largest branded retail chains of digital products distribution, well-positioned to support Malaysians' evolving digital lifestyles. As a flow-through of cost efficiencies from these integration initiatives, the company remains on track to deliver steady-state annualised cost savings of around RM700 million to RM800 million post-2027. CEO Datuk Idham Nawawi said, 'We are pleased to report an encouraging start to 2025, with our first quarter performance delivering growth in revenue, Ebit, and PAT. This reflects the continued strength of our core business and disciplined execution of our strategic priorities. 'We are progressing well in creating pathways for sustained profitable growth through four strategic focus areas – solidifying market leadership, enhancing customer experience, driving operational excellence, and investing for the future. Our prioritisation on customer and operational excellence continues to underpin our performance, supported by ongoing investments in enhancing our network infrastructure, technology platform capabilities, and talent bench strength, alongside disciplined cost management. 'With these efforts, we are well-positioned to deliver long-term value to our customers and stakeholders, and to compete effectively in a dynamic and competitive market.'
