Latest news with #RM204
The Sun
07-07-2025
- Business
- The Sun
Sabah assembly approves RM1.18 billion supplementary budget for 2025
KOTA KINABALU: The Sabah State Legislative Assembly has approved a RM1.18 billion Supplementary Supply Bill for 2025, ensuring smooth administrative operations until the assembly's automatic dissolution on November 11. State Finance Minister Datuk Seri Masidi Manjun tabled the bill, which was passed via majority voice vote after debates by 26 assemblymen. The allocation is divided into six categories, with RM600 million designated for contributions to the Statutory Fund. Other key allocations include RM204 million for administrative expenses, RM195 million for operational costs, RM84 million for domestic grants, RM54.4 million for investments, and RM50.7 million for special allocations. Masidi clarified that the Finance Ministry received an additional RM789.1 million, including RM600 million for the Statutory Fund. Of this, RM250 million will reduce the Development Account deficit without affecting cash flow. Another RM185.5 million is allocated for general treasury services, RM3.6 million for ministry operations, and RM150 million for the Statutory Trust Fund to maintain roads and bridges statewide. A RM200 million provision under the Special State Trust Fund will support initiatives like SENTOSA (student aid), SUBFLY (airfare subsidies), SUKSES (school activities), and infrastructure repairs. Additionally, RM54.4 million from the treasury services budget will fund equity investments, RM89.1 million for infrastructure, and RM30 million for Kota Kinabalu City Hall. The supplementary budget also includes RM147.6 million for the Works Ministry, RM94.4 million for the Chief Minister's Department, and RM55.7 million for the Agriculture, Fisheries and Food Industry Ministry. Smaller allocations cover housing, community development, and youth programs. For development expenditure, RM416 million is allocated across 83 projects under 10 ministries. The Works Ministry receives the largest share (RM254.9 million), followed by Rural Development (RM82.5 million). The assembly resumes tomorrow. – Bernama
Barnama
07-07-2025
- Business
- Barnama
Sabah Assembly Passes RM1.18 Billion Supplementary Supply Bill
REGION - SABAH > NEWS KOTA KINABALU, July 7 (Bernama) -- The Sabah State Legislative Assembly today passed the Supplementary Supply Bill 2025 involving an allocation of RM1.18 billion. The bill, tabled by State Finance Minister Datuk Seri Masidi Manjun, was passed with a majority voice vote after being debated by 26 assemblymen. It is aimed at facilitating the state government's administrative operations until the end of the year, before the automatic dissolution of the 16th Sabah State Legislative Assembly on Nov 11. bootstrap slideshow Masidi, when tabling the bill, said the additional allocation was divided into six spending categories, including RM600 million for contributions to the Statutory Fund, RM204 million for administrative expenses, and RM195 million for operational expenses. 'In addition, RM84 million is allocated for domestic grants, RM54.4 million for investment purposes, and RM50.7 million for special allocations,' he said. Masidi said the Finance Ministry received an additional allocation of RM789.1 million, which included RM600 million for contributions to the Statutory Fund, with RM250 million of that amount channelled to the Development Fund to reduce the Development Account deficit without involving cash flow. In addition, he said RM185.5 million was allocated for general treasury services, RM3.6 million for the Finance Ministry's operating expenses and RM150 million for the Statutory Trust Fund to carry out road and bridge maintenance projects statewide. RM200 million has been allocated for the Special State Trust Fund to support initiatives such as Sumbangan Mahasiswa Pengajian Tinggi Dalam Sabah (SENTOSA), subsidies for Sabah student airfare (SUBFLY), contributions for Sabah school activities (SUKSES), as well as the construction and repair of infrastructure, he added. According to Masidi, of the RM185.5 million set aside for general treasury services, RM54.4 million was allocated for equity investments, RM89.1 million for infrastructure projects and RM30 million in domestic grants for Kota Kinabalu City Hall (DBKK).
Borneo Post
28-06-2025
- Business
- Borneo Post
Sarawak scales up entrepreneur support through skills, grants, digital tools
Awang Tengah (fourth right) prepares to officiate at SUS 2025, witnessed by (from left) Iskandar, Ripin, Malcolm, Asfia, Naroden, Pang and Dzulkornain. BINTULU (June 28): The Sarawak government remains steadfast in its commitment to enhancing entrepreneurial development across the state. According to Deputy Premier Datuk Amar Awang Tengah Ali Hasan, the state administration is actively building entrepreneurial capacity through initiatives focused on essential skills such as accounting fundamentals and digital proficiency. He added that between 2021 and April 2025, the State Ministry of International Trade, Industry and Investment (Mintred), together with state and federal agencies, had implemented over 930 capacity-building programmes that had benefitted more than 73,000 entrepreneurs throughout Sarawak. 'Access to business assistance, whether financial or advisory, is crucial for entrepreneurs to start, sustain and grow their ventures,' said Awang Tengah, also the state Minister of Natural Resources and Urban Development, in his opening remarks for the Showcase Usahawan Sarawak (SUS) 2025 at Times Square Megamall here on Friday. The event, which concludes today, was jointly organised by Mintred and its strategic partners. Also present at the opening ceremony were Sarawak State Legislative Assembly Speaker Tan Sri Datuk Amar Mohamad Asfia Awang Nassar; Deputy Minister for Mintred, Datuk Dr Malcolm Mussen Lamoh; Deputy State Minister for Youth, Sports and Entrepreneur Development, Datuk Dr Ripin Lamat; assemblymen Iskandar Turkee (Jepak) and Johnny Pang (Tanjong Batu), as well as Mintred advisor Dato Sri Mohd Naroden Majais and its permanent secretary Dzulkornain Masron. Adding on, Awang Tengah said the Sarawak government had rolled out extensive support programmes through Mintred, as well as departments and agencies including the Department of Agriculture Sarawak, Sarawak Economic Development Corporation (SEDC), and Sarawak Timber Industry Development Corporation (STIDC). 'Mintred alone has channelled RM204 million in assistance to more than 41,800 MSMEs (micro small-and-medium enterprises) in Sarawak under various programmes including the Graduate Towards Entrepreneurship (GERAK) and Technical and Vocational Entrepreneurs (USTEV) , which provide grants of up to RM20,000 to graduates and skilled school-leavers to help them start up and expand their businesses. 'The government also runs the Go Digital programme, offering grants of up to RM10,000 to facilitate the purchase of digital hardware, software and services. 'The Sarawak Micro Credit Scheme (SKMS) provides financial assistance for MSMEs to expand their operations, while the Small and Medium Industry Loan Scheme (SPIKS) supports Bumiputera-owned SMEs in obtaining working capital, purchasing equipment, or renovating business premises. 'Additionally, the 'Jum REGISTA Bisnes', implemented by Mintred in collaboration with other agencies, has helped register 4,280 informal entrepreneurs into the formal business sector.' Awang Tengah thus called upon Sarawak entrepreneurs to actively seize the opportunities offered through these government initiatives to grow and future-proof their businesses. 'To date, over 178,000 entrepreneurs in Sarawak have received support from both state and federal agencies, amounting to more than RM3.3 billion. These efforts will continue to ensure our entrepreneurs thrive and scale up their ventures.' Meanwhile, a total of RM1,556,000 was disbursed to the participants of entrepreneurial assistance, in connection with SUS 2025 here. On the showcase, Awang Tengah highlighted it as a platform not only to showcase and market quality products from across Sarawak's districts and divisions, but also to connect local entrepreneurs with wider markets. 'The 2024 SUS editions in Miri and AEON Mall Tebrau City in Johor Bahru generated RM17.7 million in combined sales, with participation from 100 Sarawakian entrepreneurs. 'One standout success story from SUS in Miri is Watiza Agrofarm Sdn Bhd, a company that produces salted duck eggs. Through business-matching sessions, they achieved RM1 million in potential sales,' he said. Watiza Agrofarm further raised Sarawak's profile at the national level when, on Jan 20 this year, it emerged as a winner in the Rural Business Challenge (RBC) 2.0, organised by the Ministry of Rural and Regional Development (KKDW), which earned it a business grant of RM500,000. The SUS 2025 event also involved the participation of six major retail chains – Emart, Everrise, AEON, Doremart, Mydin, and Mari Mart – with projected sales of RM3 million. In addition, Mintred, in collaboration with the Sarawak Digital Economy Corporation (SDEC), had set up a 'live streaming booth' to enable entrepreneurs promote and sell their products online via TikTok Shop live sessions. Other activities include the 'Kamek Digital Entrepreneurial Transformation Course' at Promenade Hotel Bintulu, which signed up over 150 participants, as well as an embroidery workshop held on the main SUS stage. The next SUS is scheduled to take place at Queensbay Mall in Penang this Aug 28 until Sept 1. Awang Tengah entrepreneurial development Mintred
New Straits Times
10-06-2025
- Business
- New Straits Times
Syndicate using courier services to transport subsidised cooking oil busted
BUTTERWORTH: The Domestic Trade and Cost of Living Ministry has exposed a new tactic in misappropriating subsidised cooking oil packs using courier services following a raid on a warehouse in Kampung Sungai Puyu here today. Its Penang branch director S. Jegan said 14,380 packets of 1kg subsidised cooking oil packs were seized from the warehouse, along with a lorry and other documents, with a total value of RM204,500. "Preliminary investigations found that the wholesaler used courier services to send the packs in large quantities to an address in Perlis while the packs were brought to the courier warehouse in a lorry in deliveries of twice a month," he told reporters at a media conference at the location of the raid. A man, 60, who was the driver of the lorry was arrested after he failed to provide any license, permit or documents to conduct business, to store or use the controlled item. The case is being investigated under the Control of Supplies Act 1961, he added. – Bernama
The Sun
10-06-2025
- The Sun
Penang KPDN exposes new subsidised cooking oil misappropriation tactic
BUTTERWORTH: The Domestic Trade and Cost of Living Ministry (KPDN) has exposed a new tactic in misappropriating subsidised cooking oil packs using courier services following a raid on a warehouse in Kampung Sungai Puyu here today. Penang KPDN director S Jegan said 14,380 packets of one-kilogramme (kg) subsidised cooking oil packs were seized from the warehouse, along with a lorry and other documents, with a total value of RM204,500. 'Preliminary investigations found that the wholesaler used courier services to send the packs in large quantities to an address in Perlis while the apcks were brought to the courier warehouse in a lorry in deliveries of twice a month,' he told reporters at a media conference at the location of the raid. A man, 60, who was the driver of the lorry was arrested after he failed to provide any license, permit or documents to conduct business, to store or use the controlled item. The case is being investigated under the Control of Supplies Act 1961, he added.
