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Barnama
09-07-2025
- Business
- Barnama
PGB Restores Gas Supply To Key Areas Following Bypass Pipeline Completion
BUSINESS KUALA LUMPUR, July 7 (Bernama) -- PETRONAS Gas Bhd (PGB) has fully restored natural gas supply to Batu Tiga, Shah Alam, and Connaught Bridge following the successful commissioning of its newly constructed bypass pipeline on July 1, 2025. The gas infrastructure and utilities company said the operation was carried out after fulfilling all engineering, operational, and regulatory safety requirements, including the issuance of a permit to operate (PTO) by the Occupational Safety and Health Department (DOSH). 'With natural gas powering between 40 per cent to 50 per cent of Malaysia's electricity, PGB remains focused on ensuring the public feels secure living near this critical infrastructure – a responsibility the company embraces as part of its commitment to safe, reliable energy for all,' it said in a statement today. PGB said as part of its safety-first philosophy, the company has implemented enhanced engineering reinforcements at the bypass section in Putra Heights, including advanced sensors to detect soil and pipe movement, exceeding standard requirements. To ensure long-term stability and structural integrity, sheet piling and engineered support structures were also installed to safeguard the pipeline, ensuring safe, secure, and uninterrupted performance. The company also said a new permanent pipeline is currently being designed with enhanced safety features and will be installed on deep-piled slab foundations, offering greater structural resistance to soil movement and unpredictable ground shifts, given the specific risks in the area due to surrounding development. It noted that the layout will also include new shut-off valves to allow shorter isolation distances in the unlikely event of an emergency. In addition to restoring supply, the company has disbursed more than RM2 million in ex-gratia and humanitarian aid through local authorities, including RM1.38 million in direct assistance to affected families and a RM25 million contribution via the Housing and Local Government Ministry for home reconstruction. PGB also carried out precautionary assessments along other sections of the 2,680-kilometre Peninsular Gas Utilisation (PGU) pipeline to ensure system-wide integrity.
Daily Express
09-07-2025
- Business
- Daily Express
Insurance scheme pays out RM21,000 in claims
Published on: Wednesday, July 09, 2025 Published on: Wed, Jul 09, 2025 Text Size: Leiking called for more transparency in this scheme while emphasising the need to raise awareness and accessibility. Kota Kinabalu: The Sabah Insurance Scheme has paid out RM21,000 in claims since the programme was initiated in May this year. The State Finance Ministry said as of then, three claims were received and processed, with payouts amounting to RM21,000 disbursed. The Ministry said this in a written response to Datuk Darell Leiking's (Warisan-Moyog) question over this matter. Later, he issued a statement asking why only RM21,000 was disbursed to three individuals in May when the scheme was intended to cover Sabah's 2.7 million eligible population. 'The total cost of insurance is RM50 million over three years, that means the Government has to pay RM1.38 million a month,' he said. Leiking called for more transparency in this scheme while emphasising the need to raise awareness and accessibility. 'This insurance protection scheme is a good effort by the Government, but did the Government reach out to village chiefs, local and community leaders in each district to bring awareness to people about this programme? 'Did our people know about this scheme and the process to claim since the insurance protection is said to have commenced automatically on May 1?' he asked. Leiking asked for a review of the premium structure, given the substantial gap between the monthly premium paid (RM1.38 million) and the total payout (RM21,000). He urged the Government and the appointed insurance provider to review the scheme's cost-effectiveness and stressed the importance of ensuring that public funds were spent efficiently. He said the scheme must deliver real and measurable benefits to a wider segment of the population. * 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
The Star
07-07-2025
- Business
- The Star
PGB restores gas supply to key areas following bypass pipeline completion
KUALA LUMPUR: Petronas Gas Bhd (PGB) has fully restored natural gas supply to Batu Tiga, Shah Alam, and Connaught Bridge following the successful commissioning of its newly constructed bypass pipeline on July 1, 2025. The gas infrastructure and utilities company said the operation was carried out after fulfilling all engineering, operational, and regulatory safety requirements, including the issuance of a permit to operate (PTO) by the Occupational Safety and Health Department (DOSH). "With natural gas powering between 40 per cent to 50 per cent of Malaysia's electricity, PGB remains focused on ensuring the public feels secure living near this critical infrastructure - a responsibility the company embraces as part of its commitment to safe, reliable energy for all,' it said in a statement today. PGB said as part of its safety-first philosophy, the company has implemented enhanced engineering reinforcements at the bypass section in Putra Heights, including advanced sensors to detect soil and pipe movement, exceeding standard requirements. To ensure long-term stability and structural integrity, sheet piling and engineered support structures were also installed to safeguard the pipeline, ensuring safe, secure, and uninterrupted performance. The company also said a new permanent pipeline is currently being designed with enhanced safety features and will be installed on deep-piled slab foundations, offering greater structural resistance to soil movement and unpredictable ground shifts, given the specific risks in the area due to surrounding development. It noted that the layout will also include new shut-off valves to allow shorter isolation distances in the unlikely event of an emergency. In addition to restoring supply, the company has disbursed more than RM2 million in ex-gratia and humanitarian aid through local authorities, including RM1.38 million in direct assistance to affected families and a RM25 million contribution via the Housing and Local Government Ministry for home reconstruction. PGB also carried out precautionary assessments along other sections of the 2,680-kilometre Peninsular Gas Utilisation (PGU) pipeline to ensure system-wide integrity. These efforts involved the use of inspection tools such as Geopig and Magnetic Flux Leakage (MFL) technology, complemented by targeted visual inspections at selected segments. The company confirmed that to date, no other locations exhibit risk characteristics similar to those identified in Putra Heights. - Bernama
New Straits Times
28-05-2025
- Business
- New Straits Times
Matrix Concepts beats FY25 sales target, eyes RM1.6bil launches in FY26
KUALA LUMPUR: Matrix Concepts Holdings Bhd recorded a 10.4 per cent increase in new property sales to RM1.38 billion for the financial year ended March 31, 2025 (FY25) from RM1.25 billion a year earlier. The growth was driven by strong market demand and an increase in new launches across its diverse development portfolio. The new property sales significantly surpassed the the property developer's sales target of RM1.3 billion, bolstered by strong performances from its projects. This includes its core township developments, Sendayan Developments and Bandar Seri Impian, as well as the Klang Valley high-rise project, Levia Residences. The sales also included the company's first industrial land sales from the highly anticipated Malaysia Vision Valley City (MVV City). Taking advantage of favourable market conditions, Matrix Concepts launched projects with a total gross development value (GDV) of RM1.45 billion in FY25, a 9.8 per cent rise from RM1.32 billion last year. The overall take-up rate for FY25 launches stood at 73 per cent as of March 31, 2025, indicating strong buyer confidence. Datuk Mohamad Haslah Mohamad Amin said that surpassing the FY25 sales target reflects the enduring trust and confidence of homeowners across generations. Datuk Mohamad Haslah Mohamad Amin said the FY25 surpassing our sales target for the year reflects the lasting trust of homeowners across generations. He stated that for nearly three decades, the commitment to delivering premium-quality, trend-driven homes at accessible prices has driven strong take-up across Matrix Concepts' developments in Negri Sembilan, Johor and the Klang Valley. "FY26 is positioned for transformative growth, supported by a launch target of RM1.6 billion in GDV of new projects. "These upcoming launches include the first phase of the MVV City's industrial land, a key catalyst for our next growth phase. "Spanning 964.1 hectares with a projected GDV of RM15 billion, the MVV City development is poised to provide a clear earnings trajectory in the near term and reinforce our long-term confidence," Mohamad Haslah added. In FY25, the company's revenue declined 11.2 per cent to RM1.19 billion from RM1.34 billion previously due to the timing of launches and revenue recognition for properties sold in Sendayan Developments and Bandar Seri Impian. Its net profit also fell 12 per cent to RM214.1 million from RM244.3 million previously. Matrix Concepts' unbilled sales stood at RM1.46 billion as of March 2025, providing significant earnings visibility for the next 15 to 18 months. The company declared a fourth quarter interim dividend of 1.35 sen per share that will be paid on July 10, 2025. Mohamad Haslah said the company is expanding its footprint within the high-growth Klang Valley region, particularly Selangor. He said the recent investments have established a robust platform for future developments in the Banting and Sepang areas. "Beyond our core property development activities, we are strategically expanding into high-potential sectors such as hospitality, education and healthcare. "These complementary ventures are designed to create diversified and recurring income streams, strengthening our resilience and enhancing long-term value creation," he added.
