Latest news with #Loh
Business Times
2 days ago
- Business
- Business Times
New board appointments announced for Singapore Land Authority; Yeoh Oon Jin steps down
[SINGAPORE] The Ministry of Law (MinLaw) on Monday (Jul 28) announced the latest board appointment changes at the Singapore Land Authority (SLA). Former executive chairman of PwC Singapore Yeoh Oon Jin will be stepping down as chairman of the SLA board on Jul 31. In his role, Yeoh pushed for the adaptive reuse of state properties for more social and community uses. This included the rejuvenation of heritage buildings into vibrant community and lifestyle clusters, such as the former St Andrew's Mission Hospital. He served on the board since Aug 1, 2016. He played a key role in developing the Digital Conveyancing Portal, which aims to transform the current manual, paper-based conveyancing process into an efficient, streamlined digitalised process. It is expected to be fully completed in 2026. Under Yeoh's guidance, SLA was elected co-chair of the United Nations Committee of Experts on Global Geospatial Information Management, and implemented a refreshed National Geospatial Masterplan to drive a geo-enabled Singapore. His replacement is Loh Lik Peng, founder and director of Unlisted Collection, who will be appointed as chairman on Aug 1. Loh has been on the SLA board since Aug 1, 2017, and was appointed as deputy chairman on Aug 1, 2020. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up He is also currently the chairman of Shatec Institutes, the Singapore Arts School, Singapore Cruise Centre and National Museum of Singapore. Loh is a board member of the National Heritage Board. Jerry Koh, managing partner at Singapore law firm Allen and Gledhill, will be appointed as deputy chairman of the SLA board on Aug 1. He has been a member of the board since Aug 1, 2020. Additionally, two new members will be appointed to the SLA board for a term of two years. They are Boo Junfeng, director and writer at Peanut Pictures, and Rafiq Bin Mohamad, founder and creative and branding director at Feral. Meanwhile, the six board members who will be reappointed for a term of two years are: Jaelle Ang, chief executive and co-founder of The Great Room; Angelene Chan, executive chairman of DP Architects; Cheung Pui Yuen, chief risk officer of Deloitte South-east Asia; Chong Siak Ching, former chief executive of National Gallery Singapore; Lien Choong Luen, general manager of Gojek Singapore; and Melvyn Yeo, founder and managing partner of Trirec. Angeline Poh, chief customer and corporate development officer at Mediacorp, will complete her current term of office on Jul 31 and will not be reappointed as an SLA board member. Existing SLA board members such as Calvin Phua, chief executive of SLA; Colin Chow, deputy secretary (policy) at the Ministry of Law; and Kenny Tan, deputy secretary (workforce) at the Ministry of Manpower will continue serving on the board.
The Sun
4 days ago
- Automotive
- The Sun
Perak targets semiconductor and automotive growth with RM63 billion investments
IPOH: Perak is positioning itself as a key player in Malaysia's semiconductor and automotive industries, driven by RM63 billion in investments under the National Semiconductor Strategy (NSS). State Tourism, Industry, Investment and Corridor Development committee chairman Loh Sze Yee highlighted the role of companies like Carsem and Unisem in strengthening Perak's back-end semiconductor services. Loh noted that while Perak may not host large semiconductor factories, its niche lies in critical support services. 'This is the uniqueness of Perak's electrical and electronics (E&E) sector. We are expecting more investments,' he said. The federal government's commitment is evident in projects such as the Kerian Integrated Green Industrial Park (KIGIP), a 1,214-hectare development designed to attract E&E investors. 'The northern border areas are being developed to tap into Penang's E&E spillover effect,' Loh explained. Key investments include Carsem's advanced packaging for EVs and AI, NXP's semiconductor products, and Infineon's silicon carbide power fabrication plant. However, Loh cautioned that full economic benefits may only materialise by 2030 due to extensive planning and infrastructure requirements. Under the Perak Sejahtera 2030 plan, the state anticipates creating over 483,700 jobs across primary and secondary sectors, supported by training initiatives like Pusat Aspirasi Anak Perak (PASAK). - Bernama
The Star
4 days ago
- Business
- The Star
Young investors urged to approach Malaysia's capital market with caution
IPOH: With more opportunities emerging in Malaysia's capital market, young investors are encouraged to get involved but with caution, strategy, and a solid understanding of financial risks. State tourism, industry, investment, and corridor development committee chairman Loh Sze Yee said young investors must equip themselves with knowledge. 'This knowledge is important to assess risks, formulate sound strategies, and develop the discipline required to make informed decisions. 'At the same time, the rise in youth participation must be matched by greater vigilance against fraud. 'The growing sophistication of investment scams, particularly those targeting inexperienced investors, remains a serious concern,' he said in his speech at the Bursa Malaysia 2025 Investment Carnival held at Universiti Tunku Abdul Rahman (UTAR) in Kampar on Saturday (July 26). Loh said alongside the excitement of market entry, there is a real need for heightened awareness. He said fraudulent schemes have become more deceptive, and many first-time investors are falling victim. 'Get-rich-quick scams and bogus investment offers are becoming harder to detect. The number of victims, especially those just starting to invest, is on the rise,' he warned. He said the state government expressed serious concern over the matter, urging collective action. Loh said while enforcement remains crucial, public awareness and individual responsibility are equally important in protecting both oneself and others. 'Every prospective investor must fully understand both the potential gains and the risks involved. 'It is essential that all investment transactions are conducted through legitimate, secure, and regulated channels,' he added. Loh also stressed the need to build a generation of financially literate Malaysians who can serve not just as informed investors, but also as community watchdogs against investment fraud. 'Financially savvy individuals will play a vital role in educating others and forming a line of defence to prevent more people from falling victim to scams,' he said. Loh said the strategic collaboration between Bursa Malaysia and Utar is seen as a significant step in supporting the aspirations of the Perak Sejahtera 2030 Plan, especially in empowering youth and communities through practical and relevant knowledge, including effective financial management. He said the initiative aligns well with Perak's demographic profile, where a large portion of the 2.5mil population comprises young people, regarded as the backbone of the state's development agenda. 'Beyond its role in financial literacy, UTAR has also been directly involved in advancing several key strategic projects within the state. Among the most notable is Utar's participation, along with other higher learning institutions, in the Silver Valley Technology Park (SVTP) in Chemor. 'The high-impact project is expected to drive the growth of mineral-based and advanced technology industries in Perak,' he said. Loh said close collaboration between educational institutions, the government, and the industrial sector is seen as vital in boosting financial literacy among youth, which is increasingly regarded as an urgent need. 'Such efforts will not only unlock greater entrepreneurial potential and workforce readiness in the state, but also help build a stronger foundation for long-term financial stability in Perak,' he added.
New Straits Times
5 days ago
- Business
- New Straits Times
CTOS' Q2 earnings drop 17pct to RM21.61mil, revenue rises
KUALA LUMPUR: CTOS Digital Bhd's net profit fell 17 per cent to RM21.16 million in the second quarter of June 30, 2025 (2Q25) from RM25.5 million a year ago. Its quarterly revenue, however, increased to RM79 million from RM76.64 million previously, driven by stronger contributions from the key accounts, commercial and direct-to-consumer segments. CTOS' earnings per share of fell to 0.90 sen from 1.10 sen in 2Q24. In the first half of the year ended June 30, 2025 (1H25), CTOS registered a lower net profit of RM35.6 million from RM46.32 million a year ago, while revenue rose to RM155.07 million from RM148.22 million. The company declared a second interim single-tier dividend of 0.65 sen per ordinary share in respect of the three-month period ended June 30, 2025, which will be paid on Oct 24, 2025. This translates to a payout ratio of 71 per cent for the quarter, while the entitlement date for the dividend payment is Sept 26, 2025. CTOS interim group chief executive officer Kevin Loh said it continues to see positive revenue growth as it intensifies efforts to deepen market penetration both in Malaysia and across the region. "In 1H25, we undertook a series of initiatives across the company to optimise our cost structure and deploy resources more effectively. "These initiatives form part of our broader strategy to enhance operational efficiency and strengthen our foundation for sustainable long-term growth," he added. Loh said the company has made meaningful progress in product innovation, with several new solutions launched to address the evolving needs of its clients. "Our associate companies are also performing well. Notably, JurisTech continues to gain strong traction, supported by a growing orderbook and an expanding regional presence," he added.
The Star
5 days ago
- Politics
- The Star
Saturday rally an expression of frustration, not politically engineered, says grassroots MCA leader
IPOH: The "Turun Anwar" rally is a genuine expression of frustration by the people, and not a politically engineered conspiracy by the Opposition, says an MCA grassroots leader. Kanthan Baru MCA deputy chairman Jimmy Loh said the rally to be held Saturday (July 26) reflected the people's growing anger over the rising cost of living and unfulfilled election promises 'MCA does not support extremist political actions, especially those linked to Perikatan Nasional, but the people's suffering cannot be brushed aside. 'The people have had enough, and this protest is their voice, and not a political stunt. 'This is not an attempted power grab, but a final wake-up call to a government too caught up in self-praise and statistical achievements,' he said in a statement Friday (July 25). Loh said if the government continued to be arrogant and deaf, then it should be prepared to face a larger wave of public anger. He also urged leaders to reconnect with their constituents and not just appear during election season. 'You were elected to serve, and if you cannot hear the cries of those left behind by the economy, you do not deserve to lead. 'People want food, jobs, and not gratitude speeches,' he said in reference to the Prime Minister's recent remarks thanking Malaysians for their support. Loh also questioned Datuk Seri Anwar Ibrahim's visibility on the ground in his own Tambun parliamentary constituency. He argued that the so-called macroeconomic recovery has failed to reflect the harsh realities of everyday Malaysians. Loh also said the promises made ahead of the 15th General Election, including on cost of living, judicial reform, integrity, and transparency had not been fulfilled.
