Latest news with #RM8.2mil
The Star
2 days ago
- The Star
Kuantan boy reported missing found safe in relative's house
KUANTAN: A 13-year-old student who was reported missing on Sunday was found safe at his relative's house in Chukai, Terengganu. Pahang police chief Comm Datuk Seri Yahaya Othman said police was informed by the family that the boy was seen at the house at about 7am yesterday. 'Police have conducted investigations and interviewed the boy's family members. 'We are conducting further investigations to find out how the student reached the location,' he told reporters after the Pahang police contingent monthly assembly. On Sunday, Kuantan OCPD Assistant Commissioner Wan Mohd Zahari Wan Busu was reported to have said the teenager was reported missing after leaving home without the family's knowledge. It is believed that this was because he refused to return to his boarding school in Pekan. Meanwhile, Comm Yahaya said the police seized various types of drugs worth more than RM84mil with 4,839 arrests in the first four months of this year. He said this was a sharp increase compared to the same period last year, where RM8.2mil worth of seizures were recorded while the total number of arrests was 4,810. 'A total of 190 cases were brought to court from January to April this year compared to 220 cases for the same period, Bernama reported. 'The police also succeeded in busting four drug trafficking syndicates involving six arrests through Ops Indera,' Comm Yahaya said. In addition, he said the Commercial Crime Investigation Department had opened 817 investigation papers involving losses worth RM26mil.
The Star
22-05-2025
- Business
- The Star
UEM Sunrise posts strongest 1Q profit since 2019
UEM Sunrise officer-in-charge and chief financial officer Hafizuddin Sulaiman. PETALING JAYA: UEM Sunrise Bhd posted a profit after tax and non-controlling interests (Patanci) of RM20.5mil for the first quarter ended March 31, 2025 (1Q25), representing a 150% increase from the RM8.2mil recorded in the same quarter last year. Revenue rose 86% year-on-year (y-o-y) to RM417.6mil from RM225mil in 1Q24, driven by stronger contributions from ongoing developments. The property developer said The MINH, Serene Heights, Residensi ZIG, Residensi AVA from the central region, coupled with Senadi Hills, Aspira Hills and Aspira LakeHomes from the southern region, all recorded steady operational progress. 'Sales progress remained strong, with RM370.6mil recorded during the quarter vis-a-vis RM232.6mil a year ago. This uptick was driven by successful launches and steady demand for ongoing developments. 'The central region led performance with RM201.2mil (54.3%) from 222 units sold, while the southern region contributed RM169.4mil (45.7%) from 260 units, bringing the total units sold in 1Q25 to 482.' UEM Sunrise attributed the stronger financial and operational performance to sustained focus on execution, enhanced project delivery and ongoing transformation initiatives aimed at strengthening operational efficiency. Hafizuddin Sulaiman, officer-in-charge and chief financial officer of UEM Sunrise, said this was the group's strongest 1Q Patanci since 2019. 'These results reflect the strength of our foundations and our ability to deliver, even in a dynamic market. 'The progress we are making is the outcome of disciplined execution, a sharper focus on operational excellence and our transformation journey to be a thoughtful master planner and innovative developer in delivering sustainable long-term value for our home purchasers and stakeholders.' UEM Sunrise also said it maintained a healthy financial position, with cash and bank balances including short-term investments amounting to RM1.56bil as at March 31, 2025, up 55% from RM1.01bil a year ago. 'Unbilled sales rose to RM3.02bil, offering earnings visibility for the next 18 to 36 months. Inventories declined to RM89.3mil from RM118.2mil in 1Q24. Net gearing improved to 0.41 times from 0.47 times y-o-y.'
The Star
22-05-2025
- Business
- The Star
UEM Sunrise posts best 1Q profit since 2019, up 150% to RM20.5mil
UEM Sunrise officer-in-charge and chief financial officer Hafizuddin Sulaiman PETALING JAYA: UEM Sunrise Bhd posted a profit after tax and non-controlling interests (patanci) of RM20.5mil for the first quarter ended March 31, 2025 (1Q25), representing a 150% increase from RM8.2mil recorded in the same quarter last year. Revenue rose 86% year-on-year to RM417.6mil from RM225mil in 1Q24, driven by stronger contributions from ongoing developments. The property developer said The MINH, Serene Heights, Residensi ZIG, Residensi AVA from the Central region, coupled with Senadi Hills, Aspira Hills and Aspira LakeHomes from the Southern region, all recorded steady operational progress. 'Sales progress remained strong, with RM370.6mil recorded during the quarter vis-a-vis RM232.6mil a year ago. This uptick was driven by successful launches and steady demand for ongoing developments. 'The Central region led performance with RM201.2mil (54.3%) from 222 units sold, while the Southern region contributed RM169.4 million (45.7%) from 260 units, bringing the total units sold in 1Q25 to 482.' UEM Sunrise attributed the stronger financial and operational performance to sustained focus on execution, enhanced project delivery and ongoing transformation initiatives aimed at strengthening operational efficiency. Hafizuddin Sulaiman, officer-in-charge and chief financial officer of UEM Sunrise said this was the group's strongest 1Q patanci since 2019. 'These results reflect the strength of our foundations and our ability to deliver, even in a dynamic market. 'The progress we are making is the outcome of disciplined execution, a sharper focus on operational excellence and our transformation journey to be a thoughtful master planner and innovative developer in delivering sustainable long-term value for our home purchasers and stakeholders.' UEM Sunrise also said it maintained a healthy financial position, with cash and bank balances including short-term investments amounting to RM1.56bil as at March 31, 2025, up 55% from RM1.01bil a year ago. 'Unbilled sales rose to RM3.02bil, offering earnings visibility for the next 18 to 36 months. Inventories declined to RM89.3mil from RM118.2mil in 1Q24. 'Net gearing improved to 0.41 times from 0.47 times year-on-year.'
The Star
07-05-2025
- General
- The Star
S'gor in a fix over unowned ponds
Flood mitigation works along Sungai Kandis in Klang is one of the 32 projects under DID. — KK SHAM/The Star The status of over 300 flood retention ponds in Selangor are unknown as the developers who sold off all units in their projects decades ago, are either no longer in business or bankrupt. State infrastructure and agriculture committee chairman Datuk Izham Hashim said over 300 retention ponds in Selangor were 'absent of an owner' hence putting the state government in a fix. 'Absent ownership of these retention ponds creates challenges in maintenance. 'Ensuring the ponds effectively store and release surface runoff is crucial,' he told reporters after chairing the infrastructure development meeting at Klang Royal City Council (MBDK). Izham said the over 300 ponds still served their flood prevention purpose despite ownership issues. 'We have carried out a census on flood retention ponds. Out of 600 ponds, more than 100 are under the purview of Selangor Drainage and Irrigation Department (DID). Izham: Selangor taking over 55 retention ponds in Klang. 'Not many are under local councils; most of the ponds are under third parties – developers who have not surrendered the ponds to the authorities for decades,' he said. Izham said Selangor government was working out a method to tackle the issue as it involved private land and the state did not want to be drawn into a legal dispute. 'Selangor is in the midst of taking over 55 retention ponds in Bandar Puteri and Bandar Botanic in Klang. 'For new developments, we have made it compulsory for developers to hand over the ponds before the Certificate of Completion and Compliance (CCC) is issued,' he added. (The CCC certifies building safety and regulatory standards.) Izham said regular maintenance of those ponds was critical to ensure effective function. 'Important aspects of maintenance work include removing accumulated sediment, controlling wild vegetation and ensuring effective operations. 'Ponds are desilted twice annually but at times once a year, depending on the area,' he said. On a similar matter, Izham said 17 projects aimed at addressing flood issues in Klang were scheduled for completion before October 2025 as part of short-term measures carried out by the state. 'The projects costing RM3.35mil are being implemented at 13 flood hotspots in Klang.' Among them are Kampung Johan Setia, Taman Teluk Pulai and Kampung Bukit Kapar. 'For the medium-term, 10 projects have been planned costing RM8.2mil while in long-term, there are five projects costing RM36mil in the pipeline.' He added that 32 flood mitigation projects in Klang, costing RM47.55mil, were being managed by DID. Izham said a working paper on the decision by the MBDK infrastructure development meeting would be tabled at the Selangor Economic Action Council meeting, in the next two weeks, for state government approval.
