Latest news with #KTC
Time of India
4 days ago
- Business
- Time of India
CM mulls 50% fare concession for women in private sector
Goa CM Pramod Sawant Bicholim: Chief minister Pramod Sawant on Saturday said that state govt is considering a 50% bus fare concession to women employed in the private sector in Goa. He said that the move is meant to cut down the expenditure on travel made by women, to encourage them to take up jobs in the private sector. Sawant relaunched the Mhaji Bus Scheme and fuel and insurance subsidy drive in Bicholim and Sattari talukas, a Rs 3/km operational subsidy, and a Rs 10 lakh one-time grant to private bus owners to replace old buses. Sawant said that with this aid of Rs 3/km, if a bus runs up to 200km per day under the scheme, the bus owner would be able to earn an average income of Rs 2.20 lakh per month. The CM said that bus operators would also get 50% of their insurance premium reimbursed, free ticketing machines, and KTCL smart card support. Some swipe machines were handed over to bus owners on Saturday. Sawant said that the card provided by KTC authorities can be also used in buses running under scheme, which will help bus owners earn more profit. Besides this, a real-time bus tracking app, 'Bus On The Go', will be introduced, he said. 'Goa will be the first state in the nation to digitalise bus services with the help of a novel technology under the scheme,' said Sawant. He also said that private buses would also be extended govt ad revenue and branding support. 'This is a big step towards modern, inclusive, and self-reliant public transport in Goa,' said Sawant. At the programme at Sanquelim, Sawant distributed approval letters of 50% of the pending arrears for diesel to bus owners, and promised to release the balance 50% payment in two months. Sawant also asked bus operators not to overtake other buses in a bid to get the more passengers in. He said that if a bus operator is seen regularly running on a route, govt may even take a KTC bus off the route. The CM said that the idea behind improving public transport is to reduce the movement of private vehicles, which will ultimately help reduce accidents.
Daily Express
13-06-2025
- Business
- Daily Express
Kim Teck Cheong Consolidated Berhad plans RM100 million Industrial Park
Published on: Friday, June 13, 2025 Published on: Fri, Jun 13, 2025 Text Size: Lau said the strategic investment marks a major milestone in the group's five-year expansion plan and will position KTC as the region's largest FMCG distribution center, serving markets across Sabah, Sarawak, Brunei and Indonesia. Kota Kinabalu: Kim Teck Cheong Consolidated Berhad (KTC), a leading fast-moving consumer goods distributor in East Malaysia, has acquired 15 acres of land worth RM40 million at Kota Kinabalu Industrial Park KKIP to develop its largest integrated operations and manufacturing hub. The KTC Industrial Park represents a total investment of RM100 million and is expected to expand the company's operational capacity by 40 per cent while boosting revenue projections to between RM1.5 billion and RM1.6 billion. Advertisement Executive Director Datuk Dexter Lau said the strategic investment marks a major milestone in the group's five-year expansion plan and will position KTC as the region's largest FMCG distribution center, serving markets across Sabah, Sarawak, Brunei and Indonesia. 'This development will significantly enhance our logistics capabilities and operational efficiency while creating 500 new jobs, with priority given to hiring locals from underprivileged backgrounds,' he said in a statement, here, Wednesday. The Bursa Malaysia main market-listed company has already surpassed RM1 billion in revenue as of June 2025, operating from a current footprint of 500,000 square feet. Construction of the industrial park will commence soon, with the facility expected to strengthen KTC's supply chain ecosystem across East Malaysia. Additionally, KTC's board has approved a RM10 million investment in Sarawak, targeting a combined 50 per cent revenue growth in East Malaysia over the next two to three years. The company aims to reach a workforce of 2,000 employees across Malaysia and Brunei within the year. * 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
Time of India
12-06-2025
- Automotive
- Time of India
Vehicles parked at same spot on roads for 8+ days will be scrapped: CM
Margao: In a stern warning to vehicle owners, chief minister Pramod Sawant on Thursday said that any vehicle left parked at the same spot on roads for more than eight days will be considered abandoned and will be sent directly for scrapping. 'Notices will be sent to the parties concerned, and if the vehicles are not removed within eight days, action will be taken. The original owner will not be able to claim the vehicle thereafter,' Sawant told reporters after inaugurating the traffic police cell at Fatorda. He also announced major traffic management measures aimed at addressing the state's road safety issues. The chief minister said that 250 abandoned vehicles were already seized in Panaji, with the trend particularly noticeable on widened roads. He also announced action against roadside garages contributing to the problem. It was informed that the police cracked down on 550 private vehicles operating illegally as rentals, with reports submitted to the transport department for licence cancellation. Sawant further disclosed statistics indicating that over 70% of Goa's 365 annual accident deaths involved victims who were not at fault and that these accidents were caused by rental cars and bikes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Heads Turn as Walgreens Shoppers Discover 87¢ ED Pills fridayplans Learn More Undo The state witnesses one to two accidental deaths daily, with pedestrians accounting for 50% of fatalities. Recognising Goa's distinction as having the highest people-to-vehicle ratio in the country, Sawant stressed the urgent need to strengthen public transport infrastructure. Key initiatives include expanding the Mhaji Bus network, deploying KTC buses on internal roads, and introducing services connecting industrial estates, villages, and major towns. Plans also include introducing KTC's buses and Mhaji Bus services in remote areas. To address traffic congestion, the CM announced an elevated overbridge proposal at Verna junction following a joint inspection by the PWD and traffic authorities. He also said that smart traffic signals with integrated CCTV cameras will be implemented to detect violations effectively. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
The Star
12-06-2025
- Business
- The Star
Sabah poised for major industrial expansion
KTC executive director Lau said the strategic location in KKIP will strengthen logistics infrastructure and streamline supply chain operations. KOTA KINABALU: A new integrated industrial hub will soon rise in the Kota Kinabalu Industrial Park (KKIP), aimed at enhancing logistics, warehousing and distribution capacity in Sabah and the wider East Malaysian region. The development, set on a newly acquired 15-acre site worth RM100mil, is expected to increase operational capacity by 40% and create at least 500 new jobs, with priority given to local hires from underprivileged backgrounds. 'This is part of our commitment to support government efforts in tackling poverty and promoting inclusive economic growth,' said Kim Teck Cheong Consolidated Bhd (KTC) executive director, Datuk Dexter Lau. The upcoming facility, to be known as the KTC Industrial Park, will function as the largest fast-moving consumer goods distribution centre in the region, designed to serve markets in Sabah, Sarawak, Brunei and Indonesia. Lau said the strategic location in KKIP will strengthen logistics infrastructure and streamline supply chain operations, allowing the group to better meet growing market demand. 'Our focus is on long-term growth and operational excellence, and this development marks an important milestone in our five-year expansion plan,' he added. As of June, the company had already recorded over RM1bil in revenue. With the expansion, annual earnings are projected to grow by 50%, reaching up to RM1.6bil. An additional RM10mil investment has also been approved for operations in Sarawak, which Lau said is expected to contribute 10% to overall regional revenue growth, with Sabah expected to add 40% over the next two to three years. Lau added that the company's total workforce is expected to reach 2,000 across Malaysia and Brunei within a year.
The Star
12-06-2025
- Business
- The Star
Sabah set for major industrial expansion
KOTA KINABALU: A new integrated industrial hub will soon rise in the Kota Kinabalu Industrial Park (KKIP), aimed at enhancing logistics, warehousing and distribution capacity in Sabah and the wider East Malaysian region. The development, located on a newly acquired 15-acre site worth RM100mil, is expected to increase operational capacity by 40% and create at least 500 new jobs, with priority given to local hires from underprivileged backgrounds. 'This is part of our commitment to support government efforts in tackling poverty and promoting inclusive economic growth,' said Kim Teck Cheong Consolidated Bhd (KTC) executive director, Datuk Dexter Lau. The upcoming facility, to be known as the KTC Industrial Park, will function as the largest fast-moving consumer goods (FMCG) distribution centre in the region, designed to serve markets in Sabah, Sarawak, Brunei and Indonesia. Lau said the strategic location in KKIP will strengthen logistics infrastructure and streamline the group's supply chain operations, enabling it to better meet growing market demand. 'Our focus is on long-term growth and operational excellence, and this development marks an important milestone in our five-year expansion plan,' he added. As of June, the company had already recorded over RM1bil in revenue. With the expansion, annual earnings are projected to grow by 50%, reaching up to RM1.6bil. An additional RM10mil investment has also been approved for operations in Sarawak, which Lau said is expected to contribute 10% to overall regional revenue growth, with Sabah expected to add 40% over the next two to three years. Lau added that the company's total workforce is expected to reach 2,000 across Malaysia and Brunei within a year.
