Latest news with #RM268
The Star
a day ago
- Entertainment
- The Star
Sheila Majid celebrates 40 years in music with mega concert in November
Sheila Majid is celebrating 40 years in the music industry with a mega concert. Photo: Sheila Majid/Instagram Datuk Sheila Majid is celebrating her 40 years in the music industry with a mega concert. The Queen of Jazz is set to perform at the Axiata Arena, Bukit Jalil, Kuala Lumpur on Nov 8. 'For three hours, it's going to be a solid Sheila Majid repertoire,' the 60-year-old singer said at a press conference earlier today (July 15) to announce the show. Although she says she and her team are still finalising the setlist – possibly trimming it to two-and-a-half hours instead of three – one thing is certain: it will feature most of her beloved hits, starting with the crowd-pleaser Sinaran. 'Forty years is a long career. I never imagined being blessed with the love and support of fans who have stood by me all this time,' added Sheila. For the concert, she is teaming up once again with her long-time collaborators who are legendary for their work in the music industry including Mac Chew, Jenny Chin and Jennifer Thompson. Also joining in is Steve Ho, an acclaimed stage and lighting designer who has worked with Cantopop stars like Jacky Cheung and Eason Chan. While there is no significance to the date of the concert, Sheila said there's a significance to the venue picked. Admitting she is feeling a little nervous performing on such a big stage, she adds it is more because she always wants to give her absolute best to her fans. "But having said that, when I started performing 40 years ago, Axiata Arena didn't even exist. We had Stadium Negara, Stadium Merdeka and PWTC. "Now, I thought, why not? It's a major milestone, and this feels like the right time and place to do it," she explained, continuing that she only does big concerts when there's a real reason for it. "The last one I did was Big Band in 2023 at PWTC. But I'd already told fans that I'd be marking my 40th anniversary with something special in 2025. So here we are. "Also, I've realised that I now have Gen Z fans too ... and they're excited to attend as well. "So it made sense to pick a bigger venue (that could accommodate everyone)." Tickets to Sheila Majid 40 Years In Music will go on sale July 17, 10am via Tickets are priced between RM268 and RM768. There's also a "Party Zone" ticket priced at RM3,400, which admits four people. Accessible tickets for persons with disabilities can be purchased via WhatsApp hotline 019-595 1931.
New Straits Times
11-06-2025
- Business
- New Straits Times
Binastra bags RM268mil contract to build 45-storey apartment block
KUALA LUMPUR: Binastra Corporation Bhd's unit Binastra Builders Sdn Bhd has secured a RM268 million contract for the construction of a 45-storey suite apartment block here. The contract was awarded by TNJ Development Sdn Bhd, a subsidiary of CPI Land Sdn Bhd. According to a filing with Bursa Malaysia, the project is set to begin on Aug 15 and is expected to be completed within 28 months. The scope of contract includes the main building works for the development, which consists of a 45-storey tower housing 1,269 apartment units. The structure will feature three levels of amenities and recreational facilities, eight levels of podium parking, 37 floors of residential suites and a guardhouse. "The contract is expected to provide an additional income stream for the group over the next three financial years," it said. Binastra managing director Datuk Jackson Tan Kak Seng said the latest contract represents further progress in strengthening the company's footprint in the Klang Valley, as it continues to expand its portfolio and gain momentum, with nearly RM1 billion in new contracts secured to date this year. "We are honoured to secure this contract from a new client beyond our existing main clienteles. It is always exciting to collaborate with forward-thinking developers who share our passion for creating exceptional projects," he said. Binastra's new contract wins for the year to date have reached RM976.9 million, boosting its total outstanding order book to RM4.3 billion.
Yahoo
20-05-2025
- Business
- Yahoo
Penang posts RM65m Q1 surplus for 2025 amid new revenue push
GEORGE TOWN, May 19 — The Penang state government recorded a surplus of RM65.3 million for the first quarter ending March 31, 2025, attributed to new revenue streams and expenditure cuts, the state legislative assembly was told today. Penang Chief Minister Chow Kon Yeow announced that the state registered revenue totalling RM268,463,025.36 against an expenditure of RM203,189,122.16 as at March 31. 'This resulted in a surplus of RM65,273,903.20 for the state's finances as at March 31, 2025,' he said in reply to a question from Goh Choon Aik (PKR-Bukit Tambun). Chow attributed this positive outcome to several initiatives undertaken by the state finance department to identify new revenue streams for 2025. He detailed that as at March 31, 2025, the state's Consolidated Fund stood at RM1.535 billion, comprising a Consolidated Revenue Account of RM199.22 million and a Consolidated Trust Account of RM1.33578 billion. Providing context from the previous year, Chow said the state's unaudited financial statement for the year ending 2024 showed the Consolidated Fund at RM1.38474 billion, compared to RM1.46604 billion in 2023. This comprised a Consolidated Revenue Account of RM155.94 million and a Consolidated Trust Account of RM1.22880 billion. For 2024, the Consolidated Revenue Account decreased by RM174.09 million compared to 2023, while the Consolidated Trust Account increased by RM92.79 million, Chow noted. 'The state government concluded the 2024 financial year with a deficit totalling RM174.09 million, which is lower compared to the 2023 deficit of RM358.8 million,' he stated. Chow explained that while revenue collected in 2024 reached RM810.46 million, the deficit arose from operating expenditure of RM719.55 million and transfers to the Development Fund totalling RM265 million. 'The state received an advance of RM100 million from the federal government to cover cash flow, which, among other things, contributed to the increase in the Consolidated Trust Account,' he added. Responding to an additional question on strategies to increase revenue, Chow outlined nine approaches. These include selling more state land, collecting an estimated RM6 million in quit rent arrears, and reviewing land title conversion processes. Chow added that the state is also considering a review of liquor licence fees, entertainment duty, and hotel room fees. 'We are also looking at reducing our expenditure, but it keeps increasing each year due to salary realignments, which impacts emoluments,' he said, also noting that expenditure for the i-Sejahtera social welfare aid programme has risen as more people qualify. Chow clarified that billions in foreign investments do not directly translate into state revenue, except through land sales. 'The benefits from investments manifest as job opportunities and a trickle-down effect for local suppliers,' he explained, adding that investors and suppliers pay taxes directly to the federal government. 'These are our limitations; we do not have natural resources to generate more state revenue,' he said. Regarding the RM100 million advance from the federal government, Chow said the state applied for it as a standby fund in case of a deficit. 'The projected deficit of more than RM500 million (for 2024) did not materialise, as we managed to increase our revenue and lower the deficit to about RM100 million,' he said, referencing the RM1.047 billion budget for 2024 tabled in November 2023. He confirmed the RM100 million fund remains available, but must eventually be returned to the federal government.
Malaysian Reserve
14-05-2025
- Business
- Malaysian Reserve
MACC arrests three bank officers over RM21m loan fraud, graft
KUALA LUMPUR — The Malaysian Anti-Corruption Commission (MACC) has arrested three bank officers from two financial institutions in the federal capital for alleged involvement in money laundering and corruption linked to loan applications exceeding RM21 million. According to a source, the male suspects — a business manager, a department head, and a branch manager, aged between 30 and 40, were detained between 4 pm and 5 pm yesterday at the MACC headquarters in Putrajaya while giving their statements. 'Preliminary investigations suggest the trio were involved in acquiring, transferring, and using illicit funds received as bribes from three companies in 2024. 'One of them, a department head, is believed to have solicited and accepted over RM170,000 from the companies as a reward for processing and approving five loan applications totalling more than RM21 million,' the source said. The MACC also froze four bank accounts belonging to the suspects, involving around RM268,000, and seized three mobile devices and a laptop. All three have been remanded for five days starting today, following approval by Magistrate Mohd Dinie Shazwan Ab Shukor at the Putrajaya Sessions Court. In a separate case, three individuals, including a former company executive director, were also remanded for five days beginning today over alleged conspiracy to use falsified documents in claims worth about RM2.5 million. The suspects – a man and two women aged between 30 and 40, were arrested yesterday between 4pm and 7pm while giving their statements at the MACC headquarters. 'They are believed to have committed the offences between 2022 and 2024, involving reimbursement and bonus payment claims totalling approximately RM2.5 million,' the source added. MACC Anti-Money Laundering Division director Norhaizam Muhammad confirmed the arrests in both cases, adding that investigations are being conducted under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA), and Section 18 of the MACC Act 2009 for abetment. — BERNAMA
The Sun
14-05-2025
- Business
- The Sun
MACC nabs three bank officers over RM21mil loan fraud
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has arrested three bank officers from two financial institutions in the federal capital for alleged involvement in money laundering and corruption linked to loan applications exceeding RM21 million. According to a source, the male suspects - a business manager, a department head, and a branch manager, aged between 30 and 40, were detained between 4 pm and 5 pm yesterday at the MACC headquarters in Putrajaya while giving their statements. 'Preliminary investigations suggest the trio were involved in acquiring, transferring, and using illicit funds received as bribes from three companies in 2024. 'One of them, a department head, is believed to have solicited and accepted over RM170,000 from the companies as a reward for processing and approving five loan applications totalling more than RM21 million,' the source said. The MACC also froze four bank accounts belonging to the suspects, involving around RM268,000, and seized three mobile devices and a laptop. All three have been remanded for five days starting today, following approval by Magistrate Mohd Dinie Shazwan Ab Shukor at the Putrajaya Sessions Court. In a separate case, three individuals, including a former company executive director, were also remanded for five days beginning today over alleged conspiracy to use falsified documents in claims worth about RM2.5 million. The suspects - a man and two women aged between 30 and 40, were arrested yesterday between 4 pm and 7 pm while giving their statements at the MACC headquarters. 'They are believed to have committed the offences between 2022 and 2024, involving reimbursement and bonus payment claims totalling approximately RM2.5 million,' the source added. MACC Anti-Money Laundering Division director Norhaizam Muhammad confirmed the arrests in both cases, adding that investigations are being conducted under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA), and Section 18 of the MACC Act 2009 for abetment.
