Latest news with #RM1.63
Malaysian Reserve
12-06-2025
- Business
- Malaysian Reserve
EquitiesTracker's auditors flag going concern risk amid deepening losses
EquitiesTracker Holdings Bhd (ETH) has received a statement of material uncertainty related to going concern from its external auditors, ChengCo PLT, for its financial year ended Dec 31, 2024 (FY24), raising questions over the company's ability to remain financially viable. In a filing with Bursa Malaysia, the investment research and analytics firm reported a significantly widened net loss of RM12.81 million in FY2024, compared to RM3.25 million in the previous year. As of end-2024, the company also reported net current liabilities of RM1.63 million, reversing from net current assets of RM11.27 million a year earlier. The auditors noted that these financial conditions 'indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.' However, the audit opinion was not modified. ETH clarified that the material uncertainty applies solely to the company level and does not affect the financial standing of the group. In an effort to address liquidity concerns, ETH had earlier embarked on a private placement exercise approved by Bursa Securities in January 2025. The company successfully raised RM2.77 million and RM3.5 million in two tranches in February and June respectively, issuing a total of 28.48 million shares at RM0.22 apiece. 'With the completion of the private placement, the company has addressed the issue of net current liabilities,' the filing said. ETH is listed on Bursa Malaysia's LEAP Market. –TMR
Daily Express
10-06-2025
- Business
- Daily Express
RM1.63 mil aid delivered to Sabah oil palm smallholders
Published on: Tuesday, June 10, 2025 Published on: Tue, Jun 10, 2025 Text Size: KOTA KINABALU: Over RM1.63 million was distributed to 21 oil palm smallholders in interior Sabah for replanting 90.32 hectares under the TSPKS 2.0 scheme, announced Deputy Minister Datuk Chan Foong Hin during a two-day visit. The aid, channelled through MPOB, also included support for MSPO certification, agricultural practices, and equipment. Advertisement Chan emphasised Sabah's strategic role in Malaysia's palm oil sector and urged smallholders to adopt sustainable practices and apply for the RM100 million TSPKS 2.0 grant managed by Agrobank. To date, 571 applications covering 2,505 hectares have been approved in Sabah. Nearly 98 pc of Sabah's smallholders are now MSPO certified. KPSM Apin-Apin also made history as the first Sabah cooperative to obtain MSPO certification for its weighing centre. Chan called on all smallholders to utilize available government support to boost productivity and sustainability. * 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
![[UPDATED] RM1.63mil worth of drones declared as kitchen towels seized](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FBN052607690_1748343104.jpg&w=3840&q=100)
![[UPDATED] RM1.63mil worth of drones declared as kitchen towels seized](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
27-05-2025
- New Straits Times
[UPDATED] RM1.63mil worth of drones declared as kitchen towels seized
PETALING JAYA: A shipment declared as kitchen towels that arrived at North Port, Port Klang last month was found to contain 20 agricultural drones instead. The drones, with an estimated value of RM1.63 million, were shipped from a neighbouring country. Customs Department assistant director-general Raizam Setapa @ Mustapha said the container was detected at 5.15pm on April 23. "Our officers, in collaboration with representatives from the Standards and Industrial Research Institute of Malaysia (Sirim), scanned the container and discovered 20 drones inside, instead of kitchen towels," she told reporters today. "I would like to emphasise that the importation of electronic goods such as drones requires a Certificate of Approval (CoA) from Sirim before they can be legally brought into Malaysia." Raizam said the drones were believed to have been imported from an Asian country for the local market, specifically for agricultural purposes. "This marks the first case of its kind involving the seizure of large-scale drones," she said. "We have recorded statements from several individuals, including the forwarding agent and the importer." In a separate case, Raizam said 21,351 litres of illicit alcoholic beverages, valued at RM2.81 million, were seized at North Port, Port Klang on May 7. The shipment was declared as furniture in an attempt to evade detection. "We believe the consignment, which originated from a neighbouring country, was intended for distribution within the local market," she said.
New Straits Times
27-05-2025
- Business
- New Straits Times
RM1.63mil worth of drones declared as kitchen towels seized
PETALING JAYA: A shipment of kitchen towels that arrived at North Port, Port Klang last month turned out to be 20 drones intended for agricultural use. The drones, estimated to be worth RM1.63 million in total, were shipped from a neighbouring country. Customs Department Assistant Director General Raizam Setapa @ Mustapha said the container was detected around 5.15pm on April 23. "Our personnel conducted a scan of the shipping container with representatives from the Standards and Industrial Research Institute of Malaysia (Sirim) and found 20 drones instead of kitchen towels inside. "I would like to stress that the importation of electronic goods such as drones requires a Certificate of Approval (COA) from Sirim before the items can be brought into Malaysia," she told reporters today.
Malaysian Reserve
26-05-2025
- Business
- Malaysian Reserve
Bursa Malaysia closes flat with key index slightly down
KUALA LUMPUR — Bursa Malaysia closed flat on Monday with the key index down slightly, weighed by selling in telecommunication counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 1.08 points, or 0.07 per cent, to 1,534.30 from Friday's close of 1,535.38. The benchmark index opened 0.95 of a point higher at 1,536.33, and fluctuated between 1,528.93 and 1,537.27 throughout the day. In the broader market, decliners thumped gainers 595 to 338, with 478 counters unchanged, 1,019 untraded and 42 suspended. Turnover improved to 3.12 billion units worth RM1.63 billion compared with Friday's 2.72 billion units worth RM2.17 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI trimmed earlier losses on the back of late buying interest, especially in banking counters. 'Markets across the region saw mixed results following US President Donald Trump's tariff rhetoric over the weekend, where he first threatened and later walked back on plans for increased European tariffs. Meanwhile, technology stocks came under selling pressure after Trump floated a 25 per cent tariff on iPhones and other smartphone imports,' he told Bernama. Thong said the benchmark index of the local bourse remains range-bound amid a lack of catalysts. 'A decisive move above the 1,550–1,560 level is necessary to shift sentiment positively. For now, we expect the FBM KLCI to trade between 1,520 and 1,550 through the week,' he added. Among heavyweight stocks, Maybank rose four sen to RM9.92, while Public Bank and IHH Healthcare added one sen each to RM4.41 and RM6.91, respectively. CIMB gained two sen to RM6.96, while Tenaga was flat at RM14. Among active stocks, Sapura Energy, OCR Group and Harvest Miracle were unchanged at four sen, 3.5 sen and 18 sen, respectively, while Tanco Holdings added 2.5 sen to RM1 and Eco Shop fell four sen to RM1.16. On the index board, the FBM Emas Index lost 18.35 points to 11,455.69, the FBMT 100 Index cut 14.39 points to 11,218.71, and the FBM ACE Index was down 17.87 points to 4,598.07. The FBM Emas Shariah Index dropped 36.23 points to 11,389.98, and the FBM 70 Index lost 46.89 points to 16,303.36. Across the sectors, the Financial Services Index was 68.50 points higher at 18,171.08, the Industrial Products and Services Index inched down 0.30 of a point to 153.74, the Energy Index eased 4.86 points to 705.91, and the Plantation Index added 5.06 points to 7,335.37. The Main Market volume fell slightly to 1.23 billion units valued at RM1.34 billion against Friday's 1.41 billion units valued at RM1.98 billion. Warrant turnover increased to 1.60 billion units worth RM198.00 million from 1.11 billion units worth RM130.73 million previously. The ACE Market volume declined to 278.81 million shares worth RM86.35 million from 204.53 million shares worth RM64.75 million last Friday. Consumer products and services counters accounted for 207.96 million shares traded on the Main Market, industrial products and services (214.60 million), construction (121.07 million), technology (139.47 million), SPAC (nil), financial services (49.22 million), property (143.76 million), plantation (96.20 million), REITs (10.83 million), closed/fund (4,900), energy (235.24 million), healthcare (29.06 million), telecommunications and media (24.26 million), transportation and logistics (21.15 million), utilities (33.36 million), and business trusts (35,200). — BERNAMA
