Omesti's bold plan: Real reset or just window dressing?
For the nine months ended Dec 31, 2024, the company posted a net loss of RM23mil – a slight improvement from a loss of RM28.3mil a year earlier – but revenue plunged from RM90.7mil to RM53.3mil.
Billed as RM9.73 for the 1st month then RM13.90 thereafters.
RM12.33/month
RM8.63/month
Billed as RM103.60 for the 1st year then RM148 thereafters.
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The Star
6 days ago
- The Star
Malaysia targets New Zealand market for pineapple exports
JOHOR BARU: Malaysia aims to tap into the high-value New Zealand market for pineapples, following strong interest expressed by New Zealand authorities during Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's recent visit to Wellington. Malaysian Pineapple Industry Board (LPNM) Chairman Sheikh Umar Bagharib Ali welcomed the development, describing it as a strategic opportunity to expand Malaysia's pineapple exports into markets with high growth potential. "The interest shown by New Zealand reflects growing international recognition of the quality, safety, and competitiveness of Malaysian pineapples, especially the premium MD2 variety, which is increasingly popular among global consumers," he said on Tuesday (July 22). He added the board had conducted two trial export studies to New Zealand, in October last year and June this year, featuring value-added pineapple products such as frozen pineapple cubes, dried chunks, pineapple chips, ice cream, and energy gels. "The trials received encouraging feedback in terms of flavour, packaging quality, and compliance with New Zealand's food safety and import standards. "LPNM is currently working with relevant agencies to assess Malaysia's readiness and capacity to meet New Zealand's strict export requirements," he said. Sheikh Umar added that LPNM is committed to ensuring Malaysia can supply sufficient and consistent volumes of high-quality pineapples to meet international demand. To support this goal, LPNM has implemented several strategic initiatives such as expanding pineapple cultivation areas, supporting growers and entrepreneurs, optimising the supply chain, and focusing on quality and food safety. Sheikh Umar also said that according to 2024 data, Malaysia exported 30,735 metric tonnes of pineapple-based products including juices, canned pineapples, ornamental varieties, and agro-industrial technology (IAT) goods. "Fresh pineapple exports amounted to 11,633 metric tonnes, valued at RM23mil, to over 20 countries including China, Singapore, the United Arab Emirates, and Japan. "Malaysia's total pineapple export value for 2024 stood at RM1.73bil. These efforts reflect our commitment to strengthening the competitiveness of Malaysia's pineapple industry through data-driven, technology-enabled, and market-focused strategies," he added. Sheikh Umar expressed appreciation to Ahmad Zahid for his continued efforts in promoting Malaysia's agricultural products, especially pineapples, on the international stage. "With the support of all stakeholders, we are confident that Malaysia can emerge as a leading global producer of high-quality tropical pineapples," he added. On Friday, Ahmad Zahid said that he found out during his five-day working visit that Malaysian pineapples were highly sought after in New Zealand. "There is a high demand for our pineapples due to their quality, texture, and sweetness. However, export of Malaysian pineapples is currently very limited," he said. Among the popular varieties with New Zealanders is the MD2 pineapple, considered a premium type known for its sweetness, low acidity, and fragrant aroma. The MD2, sold locally and exported, is also known by trade names such as "Golden Ripe," "Super Sweet," "Rompine," or "Gold." Malaysian MD2 pineapples are currently exported to several regions, including the Middle East and Europe. Johor is the largest producer of MD2 pineapples in Malaysia, with other states like Perak also involved in their cultivation. The MD2 pineapple is a key crop under Malaysia's Economic Transformation Programme, targeted for increased production to meet both domestic and export demands. Ahmad Zahid, who also serves as Rural and Regional Development Minister, plans to discuss increasing pineapple cultivation with Agriculture and Food Security Minister Datuk Seri Mohamad Sabu. "I will also request the Selangor, Pahang, Johor, and Melaka state governments to increase pineapple cultivation on a large scale," he added, noting the vast potential for expanding exports due to high demand.
Malaysian Reserve
15-07-2025
- Malaysian Reserve
Bursa opens slightly higher on upbeat Wall Street
BURSA MALAYSIA opened slightly higher on Tuesday, tracking gains from upbeat overnight Wall Street amid the United States (US) trade policy uncertainties. At 9.11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.09 of a point to 1,537.60 from Monday's close of 1,537.51. The benchmark index had opened 1.45 points lower at 1,536.06. Market breadth was positive, with gainers outnumbering decliners 198 to 120, while 256 counters were unchanged, 1,855 untraded, and eight suspended. Turnover stood at 124.59 million shares worth RM70.13 million. Malacca Securities Sdn Bhd said the overnight session saw buying interest in both Wall Street and US Treasuries, despite the recent announcement of blanket tariffs. Although the brokerage said there has been little progress towards de-escalating the trade wars, and it anticipates that sentiment may remain positive amid a recovery in the US dollar index. 'Despite the ongoing trade war with uncertain US trade policies, we believe it may drive tighter inspection protocols and regulatory compliance, leading to greater demand for security screening machines,' it said in a note today. Among the heavyweights, Maybank rose one sen to RM9.73, Public Bank and CIMB fell two sen each to RM4.32 and RM6.67, respectively, Tenaga Nasional added four sen to RM13.94, while IHH Healthcare was flat at RM6.59. In active trade, NexG, Eldrige Energy and Hartanah Kenyalang were all half a sen lower at 47.5 sen, 64 sen and 16 sen, respectively. Both TWL and JAKS Resources remained unchanged at 2.5 sen and 10 sen, respectively. On the broader index board, the FBM Emas Index rose 11.13 points to 11,569.59, the FBMT 100 Index gained 9.74 points to 11,330.78, and the FBM Emas Shariah Index climbed 19.77 points to 11,580.37. The FBM 70 Index advanced 54.07 points to 16,841.27, while the FBM ACE Index inched up 9.47 points to 4,580.99. By sector, the Financial Services Index declined 29.84 points to 17,634.03, the Energy Index edged down 1.25 points to 746.13, while the Plantation Index improved 3.92 points to 7,438.02, and the Industrial Products and Services Index ticked up 0.61 of a point to 154.48. — BERNAMA
The Star
11-07-2025
- The Star
Bank worker gets life for selling fake products
Compiled by DIYANA PFORDTEN, and R. ARAVINTHAN A BANK employee from Zhengzhou, China, was sentenced to life imprisonment for selling 160mil yuan (RM94.7mil) worth of fake wealth management products, China Press reported. She spent nearly half of it on tips to male livestreamers. Based on a verdict from the Zhengzhou Intermediate People's Court, bank relationship manager Xi Wei had sold fictitious investment products between 2009 and 2022 which guaranteed the principal sum and promised high returns. Some 31 customers trusted her and handed her a total of 160mil yuan for investment. The court heard that she spent more than 60mil yuan (RM35.5mil) on credits on a livestreaming platform and another 10mil yuan (RM5.92mil) on luxury goods, cars, clothing and two houses. Xi currently still owes her 'investors' 90mil yuan (RM53.3mil) and was sentenced to prison for life. A source close to the case claimed that following her failed marriage, Xi would spend most of her time watching male livestreamers and send them tips on the platform. On one occasion, she even tipped one male livestreamer just so he would spend eight hours straight singing for her, the source claimed. When interviewed, a source from the livestreaming platform said that Xi has five accounts on the platform and has sent 32,442 tips to 2,797 livestreamers, with each tip costing an average of 197.35 yuan (RM116.88). As a result of Xi's actions, the Chinese authorities are also taking action against the livestreaming platform. They deemed that the company should have flagged Xi's actions as spending 60mil yuan on credits was not considered 'reasonable consumer behaviour'. (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.)
