Latest news with #RM102
The Sun
3 days ago
- Business
- The Sun
25% increase in per capita grants for Malaysian states from 2026
KOTA BHARU: The federal government has approved a 25 per cent increase in per capita grants for all states, amounting to an additional RM548 million starting in 2026. The announcement was made during the Kelantan State Legislative Assembly session today. Kelantan Menteri Besar Datuk Mohd Nassuruddin Daud confirmed the decision, stating that the adjustment was agreed upon during last year's meeting of Menteris Besar and Chief Ministers. 'On behalf of Kelantan, I proposed a review of the per capita grant due to rising costs, and the motion received support from other state leaders and Prime Minister Datuk Seri Anwar Ibrahim,' he said. The revised rates will see allocations rise to RM102 per person for the first 100,000 residents, up from RM72 previously. Subsequent tiers include RM14 for the next 500,000 (from RM10.20), RM13.50 for another 500,000 (from RM10.40), and RM13 for remaining individuals (from RM11.40). Mohd Nassuruddin also disclosed that Kelantan received RM291.06 million in per capita grants between 2015 and 2025. Annual figures showed a steady increase, from RM24.75 million in 2015 to RM28.9 million in 2025. The adjustment aims to address financial pressures faced by states amid rising living costs. The National Finance Council's approval ensures all states will benefit from the revised allocations. - Bernama
New Straits Times
07-07-2025
- Business
- New Straits Times
U Mobile capex to hit RM3bil for 5G rollout
KUALA LUMPUR: U Mobile Sdn Bhd's capital expenditure is projected to rise between financial years 2025 and 2027 (FY25–FY27), potentially reaching a total of RM3 billion, as the company undertakes the rollout of Malaysia's second 5G network, CIMB Securities said. U Mobile posted a net loss of RM722 million for the financial year, a sharp reversal from the RM102 million net profit recorded in financial year 2023 (FY23). The loss was mainly attributed to an accelerated depreciation charge of RM489 million, as the telco shortened the useful lifespan of its telecommunications equipment ahead of its 5G network rollout. "Excluding this, forex losses, and interest costs from shareholders' advances (SHA) and redeemable convertible preference shares (RCPS), we estimate a core net loss of RM19 million versus FY23 core net profit of RM295 million," CIMB Securities said. The firm said U Mobile recorded a 3.4 per cent increase in service revenue for financial year 2024, outperforming both Maxis Bhd and CelcomDigi Bhd. As a result, its mobile service revenue market share (RMS) rose by 0.4 percentage points on a yearly basis to 15.7 per cent. "Excluding SHA and RCPS, the telco company's net debt, including finance leases and vendor financing, fell three per cent to RM2.70 billion at the end of financial year 2024 (FY24)," it said. CIMB Securities noted that U Mobile's capital expenditure in FY24 remained relatively low for the third straight year, amounting to RM189 million, or 5.1 per cent of its revenue. This reflects the telco's targeted 4G investments and continued reliance on Digital Nasional Bhd's 5G network to handle traffic. "Still, the latest Opensignal network test indicates that U Mobile's scores for overall download speed and video and games experience have been improving, although it ranked either third or fourth in these categories among the telcos," CIMB Securities added.
Borneo Post
02-07-2025
- Business
- Borneo Post
Awang Tengah: Sarawak shifts focus to value-added exports and green energy leadership
Awang Tengah (seated centre) in a group photo with guests and participants during the event. Also seen are Mussen (seated third right), Reezal (seated third left) and other officials. KUCHING (July 2): The Sarawak government is actively pursuing value-added growth and is no longer focusing solely on raw commodity exports, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan. The International Trade, Industry and Investment Minister said the state is now laying the foundation for advanced manufacturing, green economy initiatives and digital-based exports as part of a long-term strategy to build a more resilient and innovation-driven economy. 'We are investing in the future, which is in renewable energy, semiconductors and high-value sectors that will position Sarawak as a major economic force in the region. 'Our focus has thus shifted because we want to go beyond exporting crude oil, gas and palm oil,' he said during his keynote address at the launching ceremony of Sarawak Export Day 2025 held at a local hotel here today. He added that Sarawak is poised to lead the country in green energy development, with active initiatives in hydropower, solar, biomass and hydrogen production. To support this ambition, Awang Tengah said the state has amended its Electricity Ordinance to allow greater investor participation in boosting generation capacity. 'We have set a clear target in which by 2030, we aim to generate at least 10,000 megawatts of electricity, and by 2035, 15,000 megawatts which will all be from clean and renewable sources,' he said. Awang Tengah also mentioned that Sarawak will be developed into a hub for semiconductor manufacturing and aerospace economic activities, reflecting the state's shift towards high-technology industries and global competitiveness. These sectors, he said, offer enormous potential, and Sarawak wants its local players to seize the opportunities and grow alongside global industry leaders. Commenting on investments, he said the state government's message is clear: investment is the cornerstone of Sarawak's future, not only to boost exports and gross domestic product but also to transform the economic landscape, drive technological advancement, and ensure inclusive prosperity for Sarawakians. 'Since 2021, Sarawak has approved over RM102 billion in investments involving 1,180 projects. These projects are expected to create nearly 23,000 job opportunities and open doors for small and medium enterprises (SMEs) to participate in supporting industries,' he said. To further boost global engagement, Awang Tengah said Sarawak is expanding its international trade network, adding that in addition to existing offices in Singapore and Brunei, a new trade office will soon open in Pontianak, Indonesia. Also present during the event were Deputy Minister of International Trade, Industry and Investment Datuk Dr Malcolm Mussen Lamoh, Malaysia External Trade Development Corporation (Matrade) chairman Datuk Seri Reezal Merican Naina Merican and other officials. Sarawak Export Day 2025 was jointly organised by the Ministry of International Trade, Industry and Investment Sarawak and Matrade. Awang Tengah export lead sarawak value-added growth
The Sun
18-06-2025
- Politics
- The Sun
MOHE urges Malaysian students in Iran to leave immediately
NILAI: The Higher Education Ministry (MoHE) has urged Malaysian students currently in Iran to leave the country immediately and report to the Malaysian Embassy in Tehran following the escalating situation there. Its deputy minister Datuk Mustapha Sakmud said so far, four Malaysian students have been identified as studying in Qom and Isfahan, and are currently safe. Their families have also been informed of the latest developments. 'In collaboration with the Ministry of Foreign Affairs, we are asking all these students to register with the embassy to facilitate evacuation procedures. 'From a safety standpoint, they need to leave Iran as soon as possible, as we do not want any untoward incidents to occur given the increasingly critical conflict,' he told reporters after officiating the 25th anniversary celebration of Universiti Sains Islam Malaysia (USIM) here today. The Tunku Ampuan Besar of Negeri Sembilan, Tuanku Aishah Rohani Tengku Besar Mahmud, in her capacity as USIM Chancellor, officiated the ceremony. Yesterday, the Foreign Ministry issued an advisory for all Malaysians in Iran to leave the country immediately due to the increasingly tense security situation following Israel's aggressive actions against Iran. In a statement, the ministry said the situation in Iran remains volatile and could deteriorate without prior warning. Tensions between Iran and Israel have escalated since last Friday following an unprovoked airstrike by Israel on Iranian territory, reportedly killing several senior military officials and scientists. Meanwhile, USIM vice-chancellor Prof Datuk Dr Sharifudin Md Shaarani said to date, the university hosts 14,000 students, including more than 700 international students from over 30 countries, forming a diverse and global academic community. 'In terms of research, USIM has undertaken 2,476 projects since 2000, with total funding exceeding RM102 million from various sources, including university, national, industry and international grants. 'For instance, national-level contributions amounted to RM63 million, while private sector and non-governmental organisations contributed more than RM14 million,' he said, adding that USIM has produced over 37,000 alumni to date.
The Sun
28-05-2025
- Automotive
- The Sun
GWM unveils ICE-Powered Haval Raptor for China
GREAT WALL MOTOR (GWM) has officially introduced the internal combustion engine (ICE) version of its Haval Raptor SUV in the Chinese market, expanding the model's lineup beyond the plug-in hybrid electric vehicle (PHEV) variant launched earlier. This new petrol-powered variant is positioned as a capable off-road SUV and is now available in two trim levels. The Haval Raptor 2.0T 4WD Pro is priced at 156,900 yuan, approximately RM102,300, while the more premium 2.0T 4WD Ultra is listed at 166,900 yuan, or around RM108,800. In contrast, the previously released PHEV models range from 165,800 yuan to 192,800 yuan (roughly RM108,000 to RM126,000). Offered in two size configurations, the ICE variant is available either with an external spare tyre or with an external storage box mounted at the rear. The spare tyre version measures 4,800 mm in length, while the box version is shorter at 4,680 mm. Both versions maintain a width of 1,950 mm, a height of 1,843 mm, and a 2,738 mm wheelbase, roughly the same size as a Tank 300. Wheel options include 18-inch (245/60 R18) and 19-inch (255/60 R19) tyres. Five body colours are available: green, two shades of grey, black, and white. Visually, the Haval Raptor retains the squared-off, boxy silhouette reminiscent of the PHEV version. It features traditional door handles and roof racks, while the front end showcases a redesigned grille with vertical elements and distinctive rectangular headlights inspired by the mortise and tenon joints of traditional Chinese architecture. At the rear, vertically-oriented taillights are fitted with 300 red LEDs emitting at 628 nanometres. Engineered with serious off-road intent, the Raptor boasts an approach angle of 25 degrees and a departure angle of 32 degrees. It offers a minimum ground clearance of 223 mm (unladen), a maximum wading depth of 580 mm, and a towing capacity of 1,600 kg. Powering the vehicle is a 2.0-litre turbocharged engine generating 235 horsepower and 385 Nm of torque, paired with a 9-speed dual-clutch transmission. The intelligent four-wheel-drive system is supported by a rear electronically controlled mechanical differential lock. Acceleration from 0 to 100 km/h takes 8.1 seconds, with a WLTC-rated combined fuel consumption of 8.65 litres per 100 km. The fuel tank holds 60 litres, and the Raptor offers nine selectable driving modes. Inside the cabin, subtle refinements have been introduced, including a new flat-bottomed steering wheel and an updated digital interface. The dashboard houses a 12.3-inch digital instrument cluster alongside a 14.6-inch central infotainment screen. The centre console has been simplified, removing the large gear lever, though physical buttons and rectangular air vents have been retained for tactile control. The SUV operates on GWM's Coffee OS 3.0 and integrates the Coffee AI Sound system with a 10-speaker audio setup. Advanced Level 2 driver assistance features are included as standard, encompassing automatic emergency braking, traffic sign recognition, adaptive cruise control, and rear collision warning. The Haval Raptor also offers practical cargo solutions. The standard luggage compartment provides 586 litres of space, which can be expanded to 1,404 litres with the rear seats folded down. An additional 2.7-litre storage space is built into the rear external box. For added convenience, strap-type cup holders are fitted on all doors, accommodating cups with a diameter of up to 90 mm and a strap height of 120 mm. With the introduction of this ICE variant, GWM is broadening the Raptor's appeal, offering consumers a petrol alternative that balances rugged off-road performance with updated technology and practicality.
