Latest news with #TelekomMalaysia
Borneo Post
2 days ago
- Business
- Borneo Post
Sharp land tax increase puts financial pressure on Miri cooperative
Chong (third left) presides over the cooperative's AGM. MIRI (June 9): Koperasi Petani-Petani Miri Berhad has voiced serious concern over a sharp spike in its annual land tax, which has surged by 325 per cent – from RM440 to RM4,249 – posing a significant challenge to its 2025 financial planning. During its annual general meeting yesterday, secretary Oscar Chai revealed that the 2024 budget had only allocated RM1,000 for land tax, leaving a shortfall of RM3,249 due to the unexpected increase. 'The 2024 budget had only allocated RM1,000 for land tax. This unexpected increase left us a shortfall of RM3,429. 'In addition, Telekom Malaysia's rate hike in communication charges resulted in costs exceeding the initial budget by RM3602.10,' said Chai. The cumulative impact of these increases has led to a deficit of RM802.10, he highlighted. To address the situation, members of the cooperative unanimously agreed to adjust and subsidise the budget shortfalls for land tax and communication expenses. Meanwhile, board chairman Chong Vui Kuok proposed an 8.5 per cent dividend pay-out for the 2025 financial year – the highest in recent years – as a gesture of appreciation for members' continued support and contributions. 'In 2024, the cooperative recorded a total income of RM229, 722.00 and a net profit of RM67,433.00. 'This would not have been possible without the tireless support and trust of our members,' said Chong, adding that the board is committed to giving back to members through meaningful dividends. He further explained that the cooperative's income streams are primarily derived from dividends on investments in Bank Rakyat, agricultural land management fees, and rental income from shop lots and fixed deposits. In 2024 alone, it received RM91,439.15 in dividends from its RM554,207.00 investment in Bank Rakyat, he added. The proposed dividend distribution will be finalised upon member agreement and internal approval. Currently, the cooperative has 300 registered members managing over 300 acres of agricultural land. Beyond financial matters, the cooperative also reported efforts to upgrade and maintain critical agricultural infrastructure – including drainage systems, weed control, and road access. It also announced that new land lease agreements are being finalised to ensure fairness and improved returns for members managing larger land plots. These initiatives underscore the cooperative's strategic commitment to sustainable growth, financial prudence, and long-term member benefits. Koperasi Petani-Petani Miri Berhad land tax lead Oscar Chai
Malay Mail
3 days ago
- Business
- Malay Mail
Telcos assure public over privacy following MCMC's mobile data collection
KUALA LUMPUR, June 8 — Telecommunication companies (telcos) have reaffirmed their commitment to protecting customer data and privacy, following the use of mobile phone data (MPD) for official statistical purposes by the Malaysian Communications and Multimedia Commission (MCMC). U Mobile Sdn Bhd affirmed in a statement today that customer data and privacy are its top priority, with policies and processes in place to ensure any shared data is anonymised, aggregated and fully compliant with applicable data protection laws and regulations. 'We are aware of the objectives of the initiative and are committed to working with MCMC in a manner that upholds the highest standards of data governance,' it said. It noted that when the company does share the MPD, at no point will personally identifiable information be shared or processed. U Mobile remains committed to safeguarding customer privacy and ensuring full regulatory compliance in all aspects of data management, it added. Meanwhile, Telekom Malaysia Bhd (TM) also clarified that the MPD submitted to MCMC is fully anonymised and does not contain any personally identifiable information. Data submission is carried out under strict governance and security protocols, with full compliance to applicable company policies as well as national laws and regulatory requirements, it said in a statement. 'TM remains fully committed to safeguarding the safety and privacy of customer data with responsibility and integrity,' it noted. CelcomDigi Bhd said in a statement that it continues to work intently with MCMC to support the government's initiatives without compromising the integrity of customer data. 'When required, CelcomDigi will process requested data within our own secure environments and provide a limited sample on relevant fields comprising anonymised and aggregated output to the commission,' it said. YTL Communications Sdn Bhd also confirms compliance with MCMC's directive to submit mobile network usage records for the first quarter of 2025, in support of the government's recently approved mandate to use MPD for national statistics. 'In fulfilling this obligation, YTL Communications has taken rigorous steps to anonymise all data prior to submission. No personally identifiable information has been shared, and customer privacy remains our highest priority,' it noted in a statement. On June 6, MCMC clarified that its collection of MPD from mobile network operators (MNOs) does not involve the access, processing or disclosure of any personally identifiable information. MCMC said MPD was used strictly for the generation of official statistics to support evidence-based policymaking in two key domains, namely the information and communications technology sector and the tourism sector. — Bernama MCMC said MPD was used strictly for the generation of official statistics to support evidence-based policymaking in two key domains, namely the information and communications technology sector and the tourism sector. Telecommunication companies (telcos) have reaffirmed their commitment to protecting customer data and privacy, following the use of mobile phone data (MPD) for official statistical purposes by the Malaysian Communications and Multimedia Commission (MCMC). U Mobile Sdn Bhd affirmed in a statement today that customer data and privacy are its top priority, with policies and processes in place to ensure any shared data is anonymised, aggregated and fully compliant with applicable data protection laws and regulations. 'We are aware of the objectives of the initiative and are committed to working with MCMC in a manner that upholds the highest standards of data governance,' it said. It noted that when the company does share the MPD, at no point will personally identifiable information be shared or processed. U Mobile remains committed to safeguarding customer privacy and ensuring full regulatory compliance in all aspects of data management, it added. Meanwhile, Telekom Malaysia Bhd (TM) also clarified that the MPD submitted to MCMC is fully anonymised and does not contain any personally identifiable information. Data submission is carried out under strict governance and security protocols, with full compliance to applicable company policies as well as national laws and regulatory requirements, it said in a statement. 'TM remains fully committed to safeguarding the safety and privacy of customer data with responsibility and integrity,' it noted. CelcomDigi Bhd said in a statement that it continues to work intently with MCMC to support the government's initiatives without compromising the integrity of customer data. 'When required, CelcomDigi will process requested data within our own secure environments and provide a limited sample on relevant fields comprising anonymised and aggregated output to the commission,' it said. YTL Communications Sdn Bhd also confirms compliance with MCMC's directive to submit mobile network usage records for the first quarter of 2025, in support of the government's recently approved mandate to use MPD for national statistics. 'In fulfilling this obligation, YTL Communications has taken rigorous steps to anonymise all data prior to submission. No personally identifiable information has been shared, and customer privacy remains our highest priority,' it noted in a statement. On June 6, MCMC clarified that its collection of MPD from mobile network operators (MNOs) does not involve the access, processing or disclosure of any personally identifiable information.
Malay Mail
3 days ago
- Business
- Malay Mail
U Mobile, TM assure public over privacy following MCMC's mobile data collection
KUALA LUMPUR, June 8 — Telco companies have reaffirmed their commitment to protecting customer data and privacy, following the use of mobile phone data (MPD) for official statistical purposes by the Malaysian Communications and Multimedia Commission (MCMC). U Mobile Sdn Bhd, in a statement today, affirmed that customer data and privacy are its top priority, with policies and processes in place to ensure any shared data is anonymised, aggregated and fully compliant with applicable data protection laws and regulations. 'We are aware of the objectives of the initiative and are committed to working with MCMC in a manner that upholds the highest standards of data governance,' it said. It noted that when the company does share the MPD, at no point will personally identifiable information be shared or processed. U Mobile remains committed to safeguarding customer privacy and ensuring full regulatory compliance in all aspects of data management, it added. Meanwhile, Telekom Malaysia Bhd (TM) also clarified that the MPD submitted to MCMC is fully anonymised and does not contain any personally identifiable information. Data submission is carried out under strict governance and security protocols, with full compliance to applicable company policies as well as national laws and regulatory requirements, it said in a statement. 'TM remains fully committed to safeguarding the safety and privacy of customer data with responsibility and integrity,' it noted. On June 6, MCMC clarified that its collection of MPD from mobile network operators (MNOs) does not involve the access, processing, or disclosure of any personally identifiable information. MCMC said MPD was used strictly for the generation of official statistics to support evidence-based policymaking in two key domains, namely the information and communications technology (ICT) sector and the tourism sector. — Bernama
Free Malaysia Today
27-05-2025
- General
- Free Malaysia Today
5 cops among 16 arrested for cable theft in Selangor, KL
Selangor police chief Hussein Omar Khan said the two sergeants and three corporals were arrested on May 22 at several locations in Cheras and Kajang. PETALING JAYA : Five police officers have been arrested over their alleged involvement in cable theft activities in Kuala Lumpur and Selangor over the past one year. Selangor police chief Hussein Omar Khan said the two sergeants and three corporals, serving at district police headquarters and stations in Kuala Lumpur and Selangor, were among 16 suspects arrested in connection with a syndicate known as 'Sindiket Mulia', Bernama reported. 'Investigations found that the syndicate members received information from the police officers involved about areas with fewer patrols and so on,' he was quoted as saying. Hussein said the police officers had been under remand since May 23 to assist in investigations after being arrested on May 22 at several locations in Cheras and Kajang. He said the syndicate was also aided by technicians and security guards from companies appointed by Telekom Malaysia. According to Hussein, these policemen acted as insiders to inform syndicate members about which cable parts to cut to prevent alarms from being triggered. 'Every cable theft involved insiders who showed them where and how to steal the cables,' he said. Hussein said the stolen cables were taken to a plantation to have the copper extracted for sale to scrap metal dealers. He said the syndicate was masterminded by two men with 36 and 29 previous criminal cases each, including drug-related offences. 'Initial investigations found the syndicate had conducted 23 transactions at scrap metal shops around Semenyih, making an estimated RM683,000. We believe this syndicate has committed more than 23 thefts,' he said. Hussein said police seized a Toyota Hilux four-wheel-drive, a Proton Perdana, a Mitsubishi Fuso Canter lorry, 1.2 tonnes of metal, and metal-cutting equipment. He said the case is being investigated under Section 379 of the Penal Code for theft, Section 431A of the Penal Code for mischief involving telegraph cables and wires, and Section 29(1) of the Minor Offences Act 1955 for fraudulent possession of property.
Malay Mail
27-05-2025
- Business
- Malay Mail
TM to invest RM430m in fibre backhaul for Malaysia's second 5G network
KUALA LUMPUR, May 27 — Telekom Malaysia Bhd (TM) is expected to incur capital expenditure (capex) of RM430 million over the financial years (FY) 2026-2027, representing 18 per cent of the 10-year contract revenue, to roll out the fibre backhaul services for the second 5G network, according to CIMB Securities Sdn Bhd. It was reported yesterday that U Mobile Sdn Bhd has appointed TM as its key fibre backhaul partner to accelerate the deployment of the former's 5G network nationwide. Under the 10-year partnership agreement worth RM2.4 billion, TM will provide U Mobile a comprehensive suite of backhaul infrastructure services, including fibre leased line access to U Mobile's 5G Radio Access Network, data centre and TM Edge Facility leasing for Points of Interconnect. CIMB Securities said the contract implies that TM will generate an average revenue of RM240 million per annum once fibre connectivity has been fully provided. However, it assumed that TM will only generate RM100 million in revenue in FY2026. 'This is because U Mobile may want to start the fibre backhaul leases closer to the commercial launch of its 5G services in the second half of 2026 (2H2026) to minimise expenses and given that it has prepaid RM233 million for 5G wholesale leases from Digital Nasional Bhd (DNB). 'Thereafter, we expect TM's revenue from the contract to climb to RM230 million in FY2027 and to the full RM240 million per annum from FY2028,' it said. Factoring in these assumptions, CIMB Securities have raised TM's FY2026-FY2027 core earnings per share (EPS) estimates by 2-4 per cent. 'Post revisions, we forecast TM's core EPS to grow 5.6 per cent/2.7 per cent/2.2 per cent year-on-year (y-o-y) in FY2025/2026/2027, respectively — an improvement over our earlier projections of largely flat core EPS in FY2026-2027,' it said. Commenting on the contract win, CIMB Securities said the development comes as little surprise, noting that TM has by far the most extensive domestic fibre network in Malaysia and is therefore best-positioned to support U Mobile in achieving its 5G coverage targets of 80 per cent by 2H2026 and 90 per cent by 2H2027. The deal also follows an earlier contract signed with DNB in 2021 to provide fibre backhaul services for its 5G network over 10 years valued at RM2.0 billion, it said. CIMB Securities has maintained a 'Buy' call for TM with a higher target price (TP) of RM7.55 per share. Meanwhile, Kenanga Investment Bank Bhd said the contract announcement does not come as a complete surprise as TM had publicly expressed its eagerness to serve as an infrastructure partner for U Mobile's second 5G network deployment. 'However, we are mildly surprised by the slightly higher contract value of RM2.4 billion for second 5G network from RM2.0 billion in the first 5G network, which may be an indication that both networks are of comparable scale,' it said. The investment bank is positive on the contract as it is expected to strengthen TM's long-term recurring wholesale revenue under the carrier-to-carrier segment. 'Assuming the contract value is evenly spread over 10 years (similar to the first 5G network agreement), we estimate that it could lift TM's FY2025 forecast earnings by one per cent (assuming contributions start in 2HFY2025) and FY2026 forecast earnings by two per cent. 'We maintained 'Outperform' call and lift our TP by one per cent to RM8.15 per share (from RM8.07 per share),' it added. — Bernama
