Latest news with #RM270
New Straits Times
22-07-2025
- New Straits Times
Unemployed man loses RM267,888 to stock scam found on Facebook
JOHOR BARU: A 57-year-old unemployed man lost nearly RM270,000 after falling prey to a bogus online stock investment scheme promising returns of up to 80 per cent in a short period. Johor Baru (South) police chief Assistant Commissioner Raub Selamat said the victim lodged a police report yesterday after he realised he had been cheated by a scammer posing as an investment agent. The victim claimed he responded to an investment advertisement on Facebook and was contacted on WhatsApp by a person who said she was an investment agent. The victim was persuaded to download a trading app and was instructed to deal with another man on transactions. Between July 4 and 17, the victim made nine online money transfers totalling RM267,888 to a company account. "The suspect kept urging the victim to invest more, even when he asked to withdraw his returns," Raub said today. After multiple failed attempts to withdraw his investment, both agents cut off all contact and locked him out of the platform. The case is being investigated under Section 420 of the Penal Code for cheating, which carries a jail term of up to 10 years, whipping and a fine upon conviction. Raub advised people not to fall for get-rich-quick promises, especially those promoted on social media platforms. "Always verify company backgrounds, never share personal information and avoid downloading suspicious apps." Channel information on scams to the National Scam Response Centre at 997 and check the Semak Mule portal at before you invest.
Barnama
18-07-2025
- Business
- Barnama
Melaka Launches Guideline Book For JKAS
MELAKA, July 18 (Bernama) -- The Melaka government today launched a guideline book for the state's Public Private Partnership Committee (JKAS), aimed at fostering stronger synergy between the public and private sectors to advance the state's sustainable and inclusive economic agenda. Its Chief Minister, Datuk Seri Ab Rauf Yusoh, said the book serves as the primary reference document for JKAS, covering various aspects including technical requirements, investor-friendly practices, outcome-driven approaches, responsiveness to current needs and alignment with state and federal development policies and the principles of 'Environmental, Social and Governance'. He said the launch of the book was in line with the rebranding of the committee, previously known as the State Privatisation Committee, as part of efforts to strengthen its role, which is coordinated by the State Economic Planning Unit (UPEN) through the State Public Private Partnership Section. "JKAS functions as a key facilitating entity that coordinates, evaluates and approves public-private partnership proposals the initial review stage, through comprehensive assessment, to post-implementation monitoring,' he told reporters after launching the committee here today. He stressed the need for all technical and related agencies to adopt the guidelines consistently in evaluating public-private partnership projects to avoid duplication, delays, and uncertainty in the decision-making process. He said that through the implemented initiative, the state government continues to provide opportunities for collaboration across various scales—whether large or small—as long as they add value to the state's economy, generate employment, and safeguard the overall interests of the people. Earlier, in his speech, Ab Rauf said that to date, more than 50 companies have actively collaborated with the state government in various key sectors, including property development, ports, health, education and tourism. He said that since 2014, the public-private partnership initiative had contributed more than RM270 million to the state's revenue, which is between 20 to 30 per cent of the state's total annual revenue. "This figure is more than just a statistic, it reflects investors' confidence in the state's administrative efficiency, economic policies and the government's consistent commitment to implementing the 'ease of doing business' principle,' he said.
New Straits Times
18-07-2025
- Business
- New Straits Times
PTT Synergy's unit acquires eight industrial land parcels for RM60 mln
KUALA LUMPUR: PTT Synergy Group Bhd's wholly-owned subsidiary, PTT Logistics Hub 2 Sdn Bhd, has entered into eight separate sale and purchase agreements to acquire eight parcels of freehold industrial land in Rawang, Selangor, for a total cash consideration of RM60 million. In a filing with Bursa Malaysia today, the group said the agreements were signed with Koperasi Kakitangan Bank Rakyat Bhd on July 18. "The proposed acquisition provides an investment opportunity for the group to develop a commercial warehouse. "This is part of the group's strategy to continuously provide comprehensive solutions for warehousing and distribution centres, with a strong emphasis on total intralogistics solutions," it said. PTT Synergy said it plans to construct a single-storey industrial building with Automated Storage and Retrieval System Equipment to be subsequently leased/rented to a third party. The expected development cost for the said project is estimated at RM270 million, commencing July 31 and targeted for completion within 18 months. "The development will be financed by a combination of internally generated funds and bank borrowings, and the completed facility is expected to fetch an annual rental/lease of RM22.2 million," it said. PTT Synergy said the proposed acquisition and subsequent development are expected to contribute positively to the group's future revenue and profitability. The acquisition is expected to be completed within four months from the date of the agreements, subject to the fulfilment of conditions in the sale and purchase agreements.
The Sun
18-07-2025
- Business
- The Sun
Melaka launches JKAS guideline book for public-private partnerships
MELAKA: The Melaka government has launched a guideline book for the state's Public Private Partnership Committee (JKAS) to strengthen cooperation between the public and private sectors. The initiative aims to support sustainable and inclusive economic development in the state. Chief Minister Datuk Seri Ab Rauf Yusoh stated that the book serves as the main reference for JKAS, detailing technical requirements, investor-friendly practices, and alignment with state and federal policies. 'This guideline ensures systematic coordination, evaluation, and approval of public-private partnership projects,' he said during the launch. The rebranding of the committee, previously known as the State Privatisation Committee, is part of efforts to enhance its role. UPEN (State Economic Planning Unit) oversees JKAS operations, ensuring projects undergo thorough assessment from planning to post-implementation monitoring. Ab Rauf urged all agencies to follow the guidelines to prevent delays and inefficiencies. 'Consistency in evaluation will streamline decision-making and avoid duplication,' he added. Since 2014, public-private partnerships have contributed over RM270 million to Melaka's revenue, accounting for 20-30% of annual income. 'This reflects investor confidence in our governance and economic policies,' he said. The event also featured an agreement exchange and replica cheque presentations from two sea reclamation firms—Parkland Diversified Sdn Bhd (RM3.5 million) and Yayasan Melaka (RM1.67 million)—totalling RM5.17 million in commitments. - Bernama
The Sun
17-07-2025
- Politics
- The Sun
Urban youths must lead climate change action says Dr Zaliha
KUALA LUMPUR: Urban youths must take proactive steps in addressing climate change rather than merely understanding its effects, said Minister in the Prime Minister's Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa. She emphasised their crucial role as agents of change for future sustainability. 'Every action you take, no matter how small, can have a greater impact than we expect. Don't waste this opportunity,' she said during the launch of the Federal Territories-level 2025 Climate Change and Green Energy Leadership Project (IKLIM). Dr Zaliha stressed that initiatives like IKLIM go beyond awareness, proving that youths can spearhead meaningful change. She referenced a recent study in the Earth System Science Data journal, warning that current carbon emission rates could deplete the global carbon budget by 2028, making it nearly impossible to limit global warming to 1.5 degrees Celsius. Kuala Lumpur, with its population exceeding two million and a GDP of nearly RM270 billion last year, faces significant climate challenges. The city produces up to 9.3 tonnes of carbon per capita annually, highlighting the strain of rapid urbanisation on environmental balance. Despite this, Dr Zaliha noted progress through the Low Carbon Society Blueprint 2030 and Kuala Lumpur Climate Action Plan 2050. 'Alhamdulillah, Kuala Lumpur has reduced its carbon intensity from 30 grammes of CO2 per ringgit of GDP in 2010 to nearly seven grammes in 2024—a 75 per cent reduction in 14 years,' she said. - Bernama
