Latest news with #RM90
The Sun
4 days ago
- Business
- The Sun
Engineer loses over RM1.5m to online investment scam
BUKIT MERTAJAM: An engineer working in the Middle East lost over RM1.5 million to an online investment scam recently. Penang police chief Datuk Hamzah Ahmad sad the victim, 40, lodged a report with the Central Seberang Perai district police headquarters commercial crimes investigation division yesterday. 'In November last year the man got to know a woman through the phone and had a relationship before the woman invited him to join an investment scheme called Menurut mangsa, pada November tahun lepas lelaki tersebut telah berkenalan dengan seorang wanita melalui teGoldenCrimson that offered handsome returns. 'The man was interested to invest and was given a customer service number and a website link to register, and he invested RM90,510 and received returns of RM108,611,' he said in a statement tonight. The man grew confident in the scheme and made 103 transactions to 31 different accounts totalling RM1,532,563 from Dec 2 to March 8, and realised he was scammed when he failed to withdraw RM4,131,671 through the app but was asked instead to provide additional capital to be able to withdraw his profits. The case is being investigated under Section 420 of the Penal Code.
The Sun
4 days ago
- Business
- The Sun
Engineer loses RM1.5m in online investment scam
BUKIT MERTAJAM: An engineer working in the Middle East lost over RM1.5 million to an online investment scam recently. Penang police chief Datuk Hamzah Ahmad sad the victim, 40, lodged a report with the Central Seberang Perai district police headquarters commercial crimes investigation division yesterday. 'In November last year the man got to know a woman through the phone and had a relationship before the woman invited him to join an investment scheme called Menurut mangsa, pada November tahun lepas lelaki tersebut telah berkenalan dengan seorang wanita melalui teGoldenCrimson that offered handsome returns. 'The man was interested to invest and was given a customer service number and a website link to register, and he invested RM90,510 and received returns of RM108,611,' he said in a statement tonight. The man grew confident in the scheme and made 103 transactions to 31 different accounts totalling RM1,532,563 from Dec 2 to March 8, and realised he was scammed when he failed to withdraw RM4,131,671 through the app but was asked instead to provide additional capital to be able to withdraw his profits. The case is being investigated under Section 420 of the Penal Code.
The Star
4 days ago
- Business
- The Star
Engineer loses over RM1.5mil to online investment scam
BUKIT MERTAJAM: An engineer working in the Middle East lost over RM1.5mil to an online investment scam recently. Penang police chief Datuk Hamzah Ahmad said the victim, 40, lodged a report with the Central Seberang Perai district police headquarters commercial crimes investigation division yesterday. "In November last year the man got to know a woman through the phone and had a relationship before the woman invited him to join an investment scheme called GoldenCrimson that offered handsome returns. "The man was interested to invest and was given a customer service number and a website link to register, and he invested RM90,510 and received returns of RM108,611," he said in a statement on Friday (June 6) night. The man grew confident in the scheme and made 103 transactions to 31 different accounts totalling RM1,532,563 from Dec 2 to March 8, and realised he was scammed when he failed to withdraw RM4,131,671 through the app but was asked instead to provide additional capital to be able to withdraw his profits. The case is being investigated under Section 420 of the Penal Code. - Bernama
Focus Malaysia
4 days ago
- Business
- Focus Malaysia
China fried chicken, burger franchise AllAce going places in Malaysia – 65 outlets and counting
THE rise and rise of Chinese fast-food brands and cafes which are seemingly sprouting up overnight like wild mushrooms has certainly caught the eye of many. The latest to make inroads into Malaysia is AllAce Burger & Chicken (formerly Wallace). In just a short space of time, the franchise has opened 65 outlets across Malaysia. Allace (dulu Wallace) ni aku panggil Mixue version ayam goreng haha. Murah. Business model yg brilliant. Execution pun laju. Dalam 18 bulan, AllAce ni dah bukak 65 outlets kat Malaysia 🤯 Ini cerita AllAce: — Umar (@umarmaggi) June 4, 2025 The chain's rapid expansion grabbed the attention of digital creator Umar (@umarmaggi) who exclaimed on X that it had a brilliant business model. The co-founder of Mokky's Pizza further exclaimed that the affordability of its items has fuelled its fast growth. The poster started by giving a brief over view of the company by highlighting that the business which was founded by the Hua siblings in 2000 has over 20,000 outlets in China. Towards end-2023, the company– then known as Wallace – established its first outlet outside China in Bandar Sungai Long, Selangor. This was quickly followed with another outlet in Setapak, Kuala Lumpur. In just 18 months, the chain now operates 65 outlets with a re-branding exercise to better chime with the local market. Already, 15 outlets have been certified halal with the rest underway. Displaying solid operational backend, the brand opened 25 more outlets in April of this year alone. This is when the poster went on to highlight the business model which was different from other brands. Key to the model's success was giving staff a share in the business which ensures better employee performance. Such business model which departed from the norm of relying on bank borrowings has enabled AllAce to scale faster than its competitors though the poster is unsure if the same model is applied in Malaysia. The super lowball pricing was also highlighted as a reason for its success – RM19 for a whole fried chicken was astounding value. Though the price is now RM25, it is very affordable, according to Umar. This allowed the brand to position itself as a 'budget-friendly sharing meal brand'. Assuming each outlet brought in RM90,000 in profits a month, this works out to be close to RM6 mil/month from all its outlets! Undeniably, the key to AllAce successfully penetrating the Malaysian market was obtaining halal certification which will allow it to market to a much larger demographic. Fast, focused, frugal and scalable – those were the main factors behind their rapid expansion. Of course, there were plenty of comments on the taste of AllAce products but suffice to say, most were down to individual preferences. It does not detract from the fact the brand has managed to conquer a large slice of the fast food landscape in just a short space of time. Perhaps local franchises such as DarSa Fried Chicken can learn a thing or two from it. Not with regard to taste but to business models and operational know-how. If local companies don't buck up, they are liable to be swallowed up wholesale by these fast-growing brands. Time to toughen up and face the competition. – June 6, 2025
The Sun
7 days ago
- The Sun
E-hailing driver accused of cash scam after ride cancelled
A Malaysian recently alleged that they were ripped off by an e-hailing driver, despite the ride booking being cancelled by the driver herself. In a Threads post, the passenger claimed that the driver allegedly proceeded with the ride despite the cancellation, adding that she claimed to have 'renewed' the booking request. According to the post, the passenger had booked a ride from KL Sentral to a bank in Bangi. While en route to the passenger's drop-off point, it was alleged that the driver was eating while behind the wheel. ALSO READ: Requests to cancel e-hailing rides irk passengers Upon reaching the drop-off point in Bangi, the driver allegedly demanded that the passenger pay her RM90 in cash. What's more, the passenger further alleged that the driver immediately left after they requested a receipt for the RM90 payment. Netizens were horrified by the driver's blatant misconduct and urged the passenger to lodge a police report, in addition to reporting the incident to the e-hailing platform's customer service. One user attached a screenshot showing that the typical fare for a ride from KL Sentral to Bangi ranges between RM27 and RM45, depending on traffic and peak hours. ALSO READ: E-hailing driver cancels ride five minutes after arriving at customer's destination, claims penalty fee and leaves passengers stranded Some users also pointed out the driver's 4.1-star rating, remarking that the rating likely reflects her overall conduct as an e-hailing driver. 'It is your mistake for agreeing to give her the money. I'm afraid she's used to doing this because she knows how kind Malaysians are. I hope she gets blacklisted immediately — this is cheating,' one user commented. 'Maybe this driver didn't want the platform to take a cut of her earnings and just wanted the cash—but she's still in the wrong,' another speculated.
