Latest news with #RM146
The Star
26-06-2025
- Automotive
- The Star
Waste management firm to tighten subcontractor oversight amid summons controversy
SHAH ALAM: KDEB Waste Management Sdn Bhd (KDEB) has announced plans to impose stricter rules and checks on all its subcontractors following recent controversy over having the highest number of unpaid Road Transport Department (JPJ) summonses. KDEB Waste Management managing director Datuk Ramli Mohd Tahir explained that current agreements with subcontractors result in summonses issued to KDEB vehicle drivers, who are employed by subcontractors, being directed to KDEB itself. Unlike most other states' waste management services, KDEB owns all its 1,540 vehicles currently used by its subcontractors, as per a company mandate when it was established as a subsidiary of the Selangor government. "We are responsible for any manufacturing defects on the vehicle, but maintenance to ensure road-worthiness and fixing wear-and-tear is the responsibility of the subcontractors as per our agreement with them. "This, combined with poor communication about JPJ summonses between both the vehicle drivers and subcontractors, as well as between the subcontractors and KDEB, has resulted in many summonses going missing-in-action, leaving us in the dark. "The plan now is to review existing clauses in our subcontractors' contracts to be more stringent with increased penalties while improving KDEB's own monitoring operations," he said during a press conference on Thursday (June 26). Ramli stated that changes could include increasing the frequency of KDEB's checks on subcontractors for JPJ summonses from monthly to bi-weekly, as well as system improvements to better trace wrongdoings by subcontractors' drivers. He also mentioned that checks with the JPJ MySikap website found KDEB only had 14,343 active unpaid summonses. Ramli added that KDEB had paid RM2,378,205 for 23,218 JPJ summonses since August 2015, which includes 1,237 summonses incurred in 2025 alone, valued at RM146,890, as of Wednesday (June 25). This comes after Transport Minister Anthony Loke stated that KDEB was among the companies with the highest number of unpaid JPJ summonses for various traffic offences, reported to be 22,017, on Wednesday (June 25). "We are now planning to meet with JPJ officials to resolve this 8,000 figure discrepancy," Ramli added.
The Star
20-05-2025
- Entertainment
- The Star
Scaling heights at lion dance competition
FORTY teams from 15 countries will participate in the 15th Resorts World Genting (RWG) lion dance championship. First held back in 1994, this year's competition will take place from July 25 to 27 at RWG's Arena of Stars in Genting Highlands, Pahang. The participating countries are Australia, Brunei, Canada, China, Hong Kong, Indonesia, Japan, Malaysia, Myanmar, the Philippines, Singapore, Taiwan, Thailand, the US and Vietnam. The top three teams will receive cash prizes totalling US$34,000 (about RM146,000), said RWG sales, marketing and public relations executive vice-president Spencer Lee. Lee: Top three teams will receive prizes totalling about RM146,000, and there will be seven Excellence Awards. 'There will also be seven Excellence Awards worth US$1,800 (RM7,700) each,' he said at a press conference in Kuala Lumpur. A new category, 'Best Difficulty Award', was also announced by Selangor and Federal Territory Dragon and Lion Dance Association chairman Leong Lik Tong. This new prize will be awarded to the team who executes the most daring stunts during their performance. 'We decided that the team showcasing the most impressive set of stunts deserves to be acknowledged too,' said Leong, adding that the first prize was US$2,000 (about RM8,600) and a trophy. Leong: New category recognises the most daring stunts. To close the competition with a bang, Miss Universe Malaysia 2024 Sandra Lim will present a martial arts routine. 'I will be performing on the day of the finals,' said Lim, who does her own stunts as an actress. For tickets, visit or RWG's mobile app. — By LEE JUNE LING
New Straits Times
15-05-2025
- Business
- New Straits Times
Stocks removal from index may lead to RM146mil fund outflows
KUALA LUMPUR: The removal of six stocks from the MSCI Malaysia Small Cap Index is expected to lead to fund outflows of RM146 million, according to CIMB Securities. In its latest review, MSCI removed British American Tobacco (Malaysia) Bhd, D&O Green Technologies Bhd, Dayang Enterprise Holdings Bhd, Pentamaster Corp Bhd,Sports Toto Bhd and UWC Bhd from the index. MSCI said the six stocks accounted for around 4.4 per cent of the total free float adjusted market capitalisation. Non-strategic foreign shareholdings in these stocks are relatively low ranging between 4.7 per cent and 17.7 per cent. "We project that potential fund outflows - assuming all identified passive holders within the top 30 shareholders fully exit their positions - could amount to about RM146 million," it said. All changes will take effect at the close of trading on May 30, 2025, according to MSCI. "Given the absence of major changes in the MSCI Malaysia Index, which represents 85 per cent of the Malaysian stock market, we expect minimal market impact from the latest index review," it added. Separately, CIMB Securities noted that daily foreign fund inflows surged to a record-high of RM796.1 million on May 13, a day after the US and China agreed to lower tariffs on each other's products for the next 90 days. This marked a de-escalation in the ongoing trade war between the world's two largest economies. "To put things in perspective, foreign funds' net buy of RM2.6 billion from April 10 to 14 May, 2025 represented only 21 per cent of the total net sell from Jan 1 to April 9, 2025 of RM12.4billion. "This suggests there is room for foreign funds to return to the Malaysian equity market especially in light of the low foreign shareholding of 19.4 per cent and improving market sentiment," it added.
