Latest news with #RM265
Daily Express
27-06-2025
- Daily Express
Bid to smuggle fuel foiled, three boats detained
Published on: Friday, June 27, 2025 Published on: Fri, Jun 27, 2025 By: Azmie Lim Text Size: Among the items seized during the operation. SEMPORNA: Marine Police foiled an attempt by three speed boats to smuggle out petrol at the waters of Kampung Batu at 7.14pm on Wednesday. Sabah Region Four Marine Commander, ACP Mohd Nazri Ibrahim, said inspection of the boats led to the discovery of 416 gallons containing petrol. But he said no arrest had been made as the Marine believed that the boats' operators managed to sniff out the presence of the enforcement team. 'All the seizures are estimated worth RM265,638,' he said, adding that investigation would be carried out under the Control of Supply Act 1961. * 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
New Straits Times
26-06-2025
- Automotive
- New Straits Times
MCE earnings more than double in Q3 despite slight revenue dip
Business Times KUALA LUMPUR: MCE Holdings Bhd's net profit for the third quarter ended April 30, 2025, jumped 151 per cent year-on-year to RM6.08 million, driven by a sharp increase in other income and lower raw material and employee costs. In a filing with Bursa Malaysia, the group said it recorded other income of RM876,000 compared to RM265,000 a year earlier, while raw material costs fell to RM18.3 million from RM19.4 million. Employee benefits expenses also declined to RM7.64 million from RM8.12 million previously. Quarterly revenue, however, slipped 1.6 per cent to RM36.8 million from RM37.4 million, primarily due to weaker demand for certain automotive parts. MCE attributed the stronger bottom line to improved operational efficiency and higher interest income, in addition to cost savings. Group managing director Goh Kar Chun said the results reflected the company's resilience amid a challenging environment. "We continued to deliver a solid performance amidst an evolving yet challenging operating environment. Our results reflect the strength of our fundamentals and the discipline of our team as we head into the final quarter of the financial year," he said in a statement. Earnings per share rose to 4.43 sen from 1.96 sen. No dividend was declared for the quarter under review. For the nine-month period, MCE paid a total dividend of RM1.85 million. As at April 30, the group's cash and bank balances stood at RM19.65 million, up from RM15.83 million at end-July 2024. Short-term investments rose sharply to RM89.64 million from RM33.66 million, bringing total current assets to RM149.3 million. Total liabilities increased to RM74.3 million from RM61 million, mainly due to higher term loans, which more than doubled to RM22.4 million from RM12 million previously. Looking ahead, MCE expects future earnings to benefit from the launch of Perodua's first electric vehicle by year-end, for which it will supply key components including multimedia units and the Advanced Driver Assistance Systems (ADAS). The group noted it has been appointed to supply a wide range of parts for the model, including multimedia display units, instrument panel clusters, switches, interior lighting, and ADAS modules. Its upcoming Serendah manufacturing plant, slated to begin operations by end-2025, is also expected to boost production capacity and support next-generation automotive technologies. Goh said the new facility "will significantly increase MCE's capacity, enabling it to scale up its offerings in high-value automotive electronics." The Serendah plant would also support MCE's diversification into non-automotive contract manufacturing through a joint venture with Hong Kong-based Sounding Industries Ltd and enhance its presence in the ADAS segment via a collaboration with Nanjing Chuhang Technology Co Ltd. "Looking ahead, MCE remains focused on driving sustainable long-term growth by strengthening our technological capabilities and capturing emerging opportunities across Malaysia and key export markets," Dr Goh said.
The Sun
23-06-2025
- The Sun
Johor cops bust RM7.1 million drug syndicate in two major raids
JOHOR BAHRU: Johor Police have successfully busted a drug trafficking syndicate believed to have been active since the beginning of this year through two separate raids in residential areas around Johor Bahru, with the value of the seizure estimated to exceed RM7.1 million. Johor police chief CP Datuk M Kumar said the special operation was carried out by the Narcotics Criminal Investigation Department (NCID) of the Johor police contingent headquarters with Bukit Aman Narcotics Criminal Investigation Division, at about 7.30 pm, between June 14 and 15. He said that in the first raid at a two-storey terrace house in Taman Mutiara Rini, police arrested a 45-year-old local man believed to be the mastermind along with a 34-year-old Vietnamese woman. 'As a result of the inspection, police seized 2.67 kilogrammes of powder believed to be ecstasy and 368 grammes of drugs suspected to be marijuana,' he said in a press conference today. Following the arrest, police launched a second raid on another terrace house about a kilometre from the first location, which had also been rented by the same male suspect since May 2024 and arrested a 23-year-old Vietnamese woman. 'In this second raid, police seized 38 kg of ecstasy powder and 1.37 kg of ketamine,' he said. In both raids, police also seized two cars worth RM190,000, cash RM49,150 and various jewellery worth RM17,630, with the total seizure amounting to RM265,615. He said the two foreign women were believed to have entered the country legally, but further investigations were being conducted into their travel documents. The syndicate is believed to operate in an organised manner, including using social media and delivery via 'runners' and police believe there are still members at large out there and investigations are underway to track them down. He said that apart from being used as a residence, the first house is believed to be used as a place to store drugs, while the second house is a location to package the drug powder into small packets which are believed to be sold in the local market for RM250 to RM350. Kumar said urine tests showed that the man involved tested positive for methamphetamine while the two foreign women tested positive for ketamine and benzodiazepines. All of them have been remanded until June 26 for further investigation under Section 39B of the Dangerous Drugs Act 1952 and Section 6(1)(c) of the Immigration Act 1959/63.
Barnama
23-06-2025
- Barnama
Johor Police Smash Drug Trafficking Syndicate, Seize Drugs Worth Over RM7.1 Mln
JOHOR BAHRU, June 22 (Bernama) -- Johor Police have successfully busted a drug trafficking syndicate believed to have been active since the beginning of this year through two separate raids in residential areas around Johor Bahru, with the value of the seizure estimated to exceed RM7.1 million. Johor police chief CP Datuk M Kumar said the special operation was carried out by the Narcotics Criminal Investigation Department (NCID) of the Johor police contingent headquarters with Bukit Aman Narcotics Criminal Investigation Division, at about 7.30 pm, between June 14 and 15. He said that in the first raid at a two-storey terrace house in Taman Mutiara Rini, police arrested a 45-year-old local man believed to be the mastermind along with a 34-year-old Vietnamese woman. 'As a result of the inspection, police seized 2.67 kilogrammes of powder believed to be ecstasy and 368 grammes of drugs suspected to be marijuana,' he said in a press conference today. Following the arrest, police launched a second raid on another terrace house about a kilometre from the first location, which had also been rented by the same male suspect since May 2024 and arrested a 23-year-old Vietnamese woman. 'In this second raid, police seized 38 kg of ecstasy powder and 1.37 kg of ketamine,' he said. In both raids, police also seized two cars worth RM190,000, cash RM49,150 and various jewellery worth RM17,630, with the total seizure amounting to RM265,615. He said the two foreign women were believed to have entered the country legally, but further investigations were being conducted into their travel documents. The syndicate is believed to operate in an organised manner, including using social media and delivery via 'runners' and police believe there are still members at large out there and investigations are underway to track them down.
