Latest news with #RM2.7mil
The Star
a day ago
- Business
- The Star
A1 A.K. Koh Group reports RM2.7mil 3Q net profit
PETALING JAYA: ACE Market-bound A1 A.K. Koh Group Bhd has reported a net profit of RM2.7mil, on revenue of RM20.13mil for its third quarter ended March 31, 2025. There are no comparative figures for the preceding corresponding quarter and period as there is no interim financial report prepared for the comparative period concerned. In a filing with Bursa Malaysia, the food and beverage (F&B) firm said its revenue and gross profit is all generated from F&B segment, which is mainly contributed by the sale of in-house branded products. Amid an increasingly challenging and uncertain global economic outlook, the company said its operating environment has become more complex. 'This landscape is significantly shaped by the imposition of reciprocal tariffs by the US government, which are set to take effect on Aug 1, 2025, and ongoing geopolitical tensions that continue to disrupt global supply chains and heighten economic volatility.' The company will be listed on July 11.
The Star
01-07-2025
- Business
- The Star
Ipoh oil and gas consultant loses RM2.7mil in online investment scam
IPOH: An oil and gas consultant in Ipoh lost approximately RM2.7mil to a fraudulent online investment scheme, according to Comm Datuk Noor Hisam Nordin. The Perak police chief reported that the 37-year-old victim realised he had been scammed on May 20 after continuously failing to withdraw the "profits" from the scheme. Comm Noor Hisam explained that the victim registered on a website called "Nova 88" in April 2023, after learning about it from an acquaintance. "Trusting the acquaintance, the victim initially invested about RM30,000 into a bank account provided to him to obtain a login name and password for the website to check his investment. "Between Jan 5, 2024, and May 20 this year, the victim made 136 transactions into seven different accounts, totalling around RM2.7mil," he said in a statement on Tuesday (July 2). "The funds were from the victim's own savings and contributions from his family members. Whenever he tried to withdraw the earnings, he was required to make more payments, but was still unable to access the money," he said, adding that a police report was lodged on June 29. "The acquaintance provided excuses when questioned and has since become uncontactable," he added. Comm Noor Hisam advised the public against engaging in investments offered on unverified or unregistered websites, or those not regulated by recognised authorities. "High-risk investments like this can lead to significant losses," he said, noting that the case is being investigated under Section 402 of the Penal Code for cheating. "Always check the background of the investment company with relevant agencies like Bank Negara or the Securities Commission before making any decisions," he added.
The Star
21-06-2025
- Sport
- The Star
Classic swings into its 32nd year
This year's Classic is expected to feature over 3,600 golfers at 32 clubs. MALAYSIA'S longest-running amateur golf series - the Carlsberg Golf Classic - is back with a refreshed sponsor lineup and fierce competition expected in a tournament that will grace some of the leading courses in the region. An iconic event on the local amateur scene, the tournament returns bigger than ever, as Carlsberg celebrates its 32nd edition, bringing with it RM2.7mil in prizes, 32 qualifying rounds nationwide and a grand final on one of Asia's most elite courses — the West Course at Kuala Lumpur Golf & Country Club.
The Star
01-06-2025
- Health
- The Star
Free health checks benefit thousands in Butterworth
Chua (centre) looking on as Wai Kuan undergoes his health check. HAVING drawn over 10,000 visitors to free health tests, the One Hope Charity Health Carnival 2025 in Butterworth, Penang, marked another milestone in early intervention. Organised by non-governmental organisation (NGO) One Hope Charity & Welfare, the weekend event featured 250 booths for 30 types of health screening, tests and treatments. Qualified medical practitioners and specialists attended to visitors to the carnival at the Penang International Convention Cultural & Arts Centre (Picca) Convention Centre. One Hope chairman Datuk Chua Sui Hau said droves of visitors came over the weekend to undergo tests, ranging from basic eye and foot checks to liver and heart examinations. 'This year's edition is the biggest since the health carnival was first organised in 2017, with hospitals and health institutions from various states stepping in to support. 'We had 4,000 blood screenings for cancer markers while 3,000 spectacles were given out. Visitors getting free eye checks during the carnival. — Photos: ZHAFARAN NASIB/The Star 'A total of 5,000 flu vaccines were also administered,' he said, adding that organisers anticipated 8,000 visitors but the turnout surpassed this number. He said RM2.7mil had been spent to hold the event. This included about RM850,000 in donations channelled to various hospitals. Among those who made it for a health check was retired Jelutong contractor Ng Wai Kuan, 71, who uses a wheelchair after having lost a leg in an accident about 20 years ago. 'It's always a long queue at public hospitals and also inconvenient for me to undergo various tests at different sessions. 'When I heard about free health tests available here, I hopped onto my bike and took the ferry across to check it out,' he said. Housewife Maimunah Mat Taib had a massage at a traditional Chinese medicine booth. 'This is the first time I'm trying something like this and after a 15-minute session, I felt such relief,' she said. Teenagers Ng Zi Yu and Chong Xin Yi, both of whom recovered from scoliosis, were among volunteers who explained to visitors about the spinal condition, and treatments available. They both received aid from One Hope for their condition and have since recovered. At the carnival's opening, Penang Chief Minister Chow Kon Yeow shared that high numbers of chronic conditions such as diabetes and hypertension was recorded in the state. According to the National Health and Morbidity Survey (NHMS) 2023, the prevalence of diabetes in Penang stood at 18.4%, compared to the national average of 15.5%. Hypertension in Penang was recorded at 31.3% (national average 29.2%), while high cholesterol was 34% (national average 33.3%). Chow said these alarming figures should serve as a wake-up call for Penangites to take better care of their health.
The Star
10-05-2025
- The Star
Putra Heights inferno: Victims claim difficulties in securing compensation
SUBANG JAYA: Some residents affected by the gas pipeline explosion in Putra Heights claim they are still facing various challenges in securing compensation for their damaged homes and vehicles, more than a month after the incident. Topaz Putra Heights Residents Association secretary, Lau Cheng Chew, said the residents were frustrated to find that insurance payouts were significantly lower than expected, despite the level of damage to their properties and vehicles due to intense heat exposure for nearly eight hours. "Insurance assessors only conducted external inspections of the damage without considering the impact of prolonged heat on the internal structure of homes and vehicles. "As a result, many residents are unable to carry out full repairs on their homes or receive fair compensation for their vehicles,' he told reporters after a public dialogue with residents on Saturday (May 10). The session, which was held at Taman Putra Harmoni, was attended by representatives from 65 homes along Jalan 1/3E, Jalan 1/3F and Jalan 1/3G. Lau also noted that around 30 residents who suffered injuries are now burdened by rising follow-up medical costs, particularly at private hospitals, adding to their stress. "As of April 20, total medical bills have reached RM2.7mil. This is a growing concern as it could deplete the insurance coverage limits, making it harder for residents to seek treatment for other illnesses in the future,' Lau said. He added that some residents have yet to receive the RM2,000 rental assistance promised by the government while waiting for their homes to be repaired by the original township developer. "The residents' association is monitoring the matter and will bring the complaints to the relevant authorities,' he said. Meanwhile, Farhan Ghani, a lawyer from REC Legal, said during a separate briefing session that around 200 affected residents are considering filing a class-action lawsuit against the parties responsible for the explosion and fire. "Further briefing sessions will be held to provide residents with information on potential legal action,' he said. The gas pipeline inferno on April 1 saw flames reaching over 30m high, with temperatures soaring to 1,000 degrees Celsius. It took nearly eight hours to fully extinguish the blaze. Eighty-one homes were completely destroyed with structural damage exceeding 40 per cent, another 81 were partially damaged, 57 were affected by heat but not burned, while 218 homes remained unscathed.- Bernama
