Latest news with #MalaysianVisionValley2.0
The Star
3 days ago
- Business
- The Star
Proposed water tariff hike for long-term support, says SAINS
SEREMBAN: The proposed water tariff adjustment in Negeri Sembilan is expected to boost the state's water supply system and asset capabilities and ensure long-term sustainability, says Syarikat Air Negeri Sembilan Sdn Bhd (SAINS). In a statement, SAINS said the new tariff structure will affect all customer categories, covering more than 490,000 accounts. However, domestic users consuming less than 20 cubic metres per month will continue to receive subsidised rates under the revised structure. "The proposed tariff review is currently under evaluation by the National Water Services Commission (SPAN) and will require federal government approval before implementation,' it said. SAINS called for public understanding and cooperation, stressing that the tariff adjustment is necessary to improve water service delivery and infrastructure across the state, as well as ensure a sufficient supply of treated water for the future. One of the main challenges, it said, is ageing infrastructure, particularly asbestos cement pipes prone to frequent bursts, which often disrupt supply. SAINS said the rising demand for water is driven by rapid development in Seremban and Port Dickson, population growth, and industrial projects under the Malaysian Vision Valley 2.0 initiative. Shifting climate conditions have also affected raw water quality, leading to higher treatment costs to meet national drinking water standards. To address these challenges, SAINS is undertaking continuous infrastructure development projects to ensure a sufficient water supply for current needs and future demand across various sectors and industries. "SAINS has allocated nearly RM1.3bil for projects under Operational Periods 5 and 6 (2021-2026) as outlined in its Business Plan. These include plant upgrades, construction of new treatment plants and pump houses, Non-Revenue Water reduction programmes and replacement of ageing pipelines statewide,' it said. SAINS stressed that sustainable funding is critical to delivering these planned infrastructure projects. Previously, SPAN confirmed it had received tariff review applications from water operators in 10 states under its jurisdiction. Detailed assessments are still underway. In addition to Negeri Sembilan, the states involved are Penang, Perlis, Kedah, Kelantan, Terengganu, Selangor, Melaka, Johor and Pahang. - Bernama
The Sun
4 days ago
- Business
- The Sun
Negeri Sembilan water tariff hike proposal to enhance sustainability
SEREMBAN: The proposed water tariff adjustment in Negeri Sembilan is set to strengthen the state's water supply system and infrastructure, ensuring long-term sustainability, according to Syarikat Air Negeri Sembilan Sdn Bhd (SAINS). The new tariff structure will impact all customer categories, covering more than 490,000 accounts. However, domestic users consuming less than 20 cubic metres per month will continue to benefit from subsidised rates. 'The proposed tariff review is currently under evaluation by the National Water Services Commission (SPAN) and will require federal government approval before implementation,' SAINS said in a statement. The utility company emphasised the need for public understanding, explaining that the adjustment is crucial for improving water service delivery and infrastructure. One major challenge is ageing pipes, particularly asbestos cement pipelines prone to frequent bursts, which disrupt supply. Rising demand for water, driven by rapid development in Seremban and Port Dickson, population growth, and industrial projects under the Malaysian Vision Valley 2.0 initiative, has further strained resources. Climate shifts have also affected raw water quality, increasing treatment costs to meet national standards. To address these issues, SAINS has allocated nearly RM1.3 billion for infrastructure projects under Operational Periods 5 and 6 (2021–2026). These include plant upgrades, new treatment facilities, pump house construction, and pipeline replacements to reduce Non-Revenue Water losses. 'Sustainable funding is critical to delivering these planned infrastructure projects,' SAINS added. SPAN has confirmed receiving tariff review applications from water operators in 10 states, including Negeri Sembilan, Penang, Perlis, Kedah, Kelantan, Terengganu, Selangor, Melaka, Johor, and Pahang. Assessments are ongoing. - Bernama
New Straits Times
4 days ago
- Business
- New Straits Times
Proposed water tariff hike in Negeri Sembilan affects over 490,000 users: SAINS
SEREMBAN: The proposed water tariff adjustment in Negri Sembilan is expected to boost the state's water supply system and asset capabilities, ensuring long-term sustainability, said Syarikat Air Negeri Sembilan Sdn Bhd (SAINS). In a statement, SAINS said the new tariff structure will affect all customer categories, covering more than 490,000 accounts. However, domestic users consuming less than 20 cubic metres per month will continue to receive subsidised rates under the revised structure. "The proposed tariff review is currently under evaluation by the National Water Services Commission (SPAN) and will require federal government approval before implementation," it said. SAINS called for public understanding and cooperation, stressing that the tariff adjustment is necessary to improve water service delivery and infrastructure across the state, as well as ensure a sufficient supply of treated water for the future. One of the main challenges, it said, is ageing infrastructure, particularly asbestos cement pipes prone to frequent bursts, which often disrupt supply. SAINS said the rising demand for water is driven by rapid development in Seremban and Port Dickson, population growth, and industrial projects under the Malaysian Vision Valley 2.0 initiative. Shifting climate conditions have also affected raw water quality, leading to higher treatment costs to meet national drinking water standards. To address these challenges, SAINS is undertaking continuous infrastructure development projects to ensure a sufficient water supply for current needs and future demand across various sectors and industries. "SAINS has allocated nearly RM1.3 billion for projects under Operational Periods 5 and 6 (2021–2026) as outlined in its Business Plan. These include plant upgrades, construction of new treatment plants and pump houses, Non-Revenue Water reduction programmes, and replacement of ageing pipelines statewide," it said. SAINS stressed that sustainable funding is critical to delivering these planned infrastructure projects. Previously, SPAN confirmed it had received tariff review applications from water operators in 10 states under its jurisdiction. Detailed assessments are still underway. In addition to Negeri Sembilan, the states involved are Penang, Perlis, Kedah, Kelantan, Terengganu, Selangor, Melaka, Johor, and Pahang. - BERNAMA
Barnama
4 days ago
- Business
- Barnama
Negeri Sembilan's Proposed Water Tariff Hike To Support Long-Term Sustainability
SEREMBAN, July 16 (Bernama) -- The proposed water tariff adjustment in Negeri Sembilan is expected to boost the state's water supply system and asset capabilities, ensuring long-term sustainability, said Syarikat Air Negeri Sembilan Sdn Bhd (SAINS). In a statement, SAINS said the new tariff structure will affect all customer categories, covering more than 490,000 accounts. However, domestic users consuming less than 20 cubic metres per month will continue to receive subsidised rates under the revised structure. 'The proposed tariff review is currently under evaluation by the National Water Services Commission (SPAN) and will require federal government approval before implementation,' it said. SAINS called for public understanding and cooperation, stressing that the tariff adjustment is necessary to improve water service delivery and infrastructure across the state, as well as ensure a sufficient supply of treated water for the future. One of the main challenges, it said, is ageing infrastructure, particularly asbestos cement pipes prone to frequent bursts, which often disrupt supply. SAINS said the rising demand for water is driven by rapid development in Seremban and Port Dickson, population growth, and industrial projects under the Malaysian Vision Valley 2.0 initiative. Shifting climate conditions have also affected raw water quality, leading to higher treatment costs to meet national drinking water standards. To address these challenges, SAINS is undertaking continuous infrastructure development projects to ensure a sufficient water supply for current needs and future demand across various sectors and industries. 'SAINS has allocated nearly RM1.3 billion for projects under Operational Periods 5 and 6 (2021–2026) as outlined in its Business Plan. These include plant upgrades, construction of new treatment plants and pump houses, Non-Revenue Water reduction programmes and replacement of ageing pipelines statewide,' it said.
New Straits Times
05-05-2025
- Business
- New Straits Times
RHB: MVV 2.0 set to drive earnings growth for Matrix Concepts in FY26
KUALA LUMPUR: Malaysian Vision Valley 2.0 (MVV 2.0) is expected to serve as a new earnings growth catalyst for Matrix Concepts Holdings Bhd in the financial year 2026 (FY26), RHB Research said. The firm noted that lower land costs will offer the company greater flexibility in pricing and help support stronger profit margins. "Negri Sembilan makes up 88 per cent of Matrix Concept's total revenue in nine months of the financial year 2025 and almost 80 per cent of total landbank. "Upon the maiden launch of the first residential product in FY26, MVV City is expected to be the next property sales growth driver over the longer term," it said. RHB Research noted that prior to this, the company had already begun marketing its industrial land plots, securing between RM300 million and RM400 million in sales, which are expected to be recognised starting from the second half of financial year 2026. The firm added that management is also expected to pursue a joint venture for the development of its managed industrial park, with both initiatives to be located within the 1,000-acre industrial zone in MVV City. RHB Research further stated that the upcoming development in Negeri Sembilan is expected to benefit Matrix Concepts, as the creation of new job opportunities will likely drive demand for housing in the area. "We note that Matrix Concepts already has a long track record in property development in the state, and it has acquired 2,382 acres of land in MVV 2.0 over the last three to four years (1,000 acres pending completion in the second half of financial year 2026). "This is on top of its current remaining landbank of 1,366 acres for the Sendayan developments," it said. RHB Research said Negeri Sembilan is poised for accelerated economic growth in the medium term, driven by recent progress in MVV 2.0 and Port Dickson. It noted that aside from Matrix Concepts, which has already held a groundbreaking ceremony for its MVV City project, Gamuda Bhd has purchased 389 acres in Springhill Industrial Park, Port Dickson, to develop cloud and data centre facilities. In addition, SD Guthrie Bhd and NS Corporation have officially partnered with a well-known developer to jointly develop 1,195 acres in Bukit Pelandok into an industrial park.
