Latest news with #RM32
The Sun
11 hours ago
- Health
- The Sun
Local woman foiled smuggling health products worth RM4,000 in Kedah
PUTRAJAYA: The Bukit Kayu Hitam Malaysian Border Control and Protection Agency (AKPS) successfully intercepted a local woman attempting to smuggle four unregistered health products at the Bukit Kayu Hitam Immigration, Customs, Quarantine and Security Complex (ICQS) in Kedah. The products, estimated to be worth RM4,460, were suspected of containing scheduled poisons under the Poisons Act 1952. According to an AKPS statement, the Royal Malaysian Customs Department (JKDM) referred the seized items to the Pharmaceutical Enforcement Division, Ministry of Health (MOH) for further action. 'The inspection found that the health products in question were not registered with the Drug Control Authority (PBKD) and were suspected of containing poisons controlled under the Poisons Act 1952,' the statement read. AKPS confirmed that the confiscated goods would undergo forfeiture and disposal procedures, while investigations into the woman involved would proceed under existing legal provisions. 'AKPS will not compromise with any party attempting to smuggle prohibited goods that could threaten public safety and health,' the agency emphasized. The statement also revealed that this year alone, the MOH has seized goods worth RM32,986, including seven items worth RM2,640 in January, 18 items worth RM25,116 in March, and seven items worth RM5,230 in July. - Bernama
New Straits Times
13 hours ago
- Health
- New Straits Times
Woman caught smuggling unregistered health products
BUKIT KAYU HITAM: A Malaysian woman's attempt to smuggle four unregistered health products was thwarted yesterday at the Bukit Kayu Hitam ICQS Complex. The items, suspected to contain scheduled poison, were valued at RM4,460. In a statement, the Malaysian Border Control and Protection Agency said all four products were found to be unregistered with the Drug Control Authority (DCA) and may contain substances controlled under the Poisons Act 1952. It said the Customs Department referred the case to the Health Ministry's Pharmaceutical Enforcement Division at around 3.30pm. "For the record, this year the Health Ministry has already handed over 32 items worth RM32,986 to Customs," read the statement. These included seven items worth RM2,640 in January, 18 items worth RM25,116 in March, and another seven worth RM5,230 this month. The items will be confiscated and disposed of, with further investigation underway against the woman involved. It said it would not compromise with any parties attempting to smuggle prohibited items that may pose a threat to public safety and health.
Focus Malaysia
7 days ago
- Business
- Focus Malaysia
European Credit Investment Bank emerges substantial shareholder of Oasis Harvest with 5.78% stake
MAIN Board-listed food & beverage (F&B) player Oasis Harvest Corp Bhd (formerly Dolphin International Bhd) has landed the European Credit Investment Bank Ltd (ECIB) as its substantial shareholder. The Labuan Financial Services Authority (Labuan FSA)-regulated investment bank acquired a 5.78% interest – an equivalent of 1,392,800 shares – in Oasis Harvest through an open market transaction on July 18, according to a Bursa Malaysia filing yesterday (July 21). This development marks a significant vote of confidence from a reputable financial institution in Oasis Harvest's future. Established in 2008, the Labuan-based ECIB specialises in investment banking and wealth management with strong insights into the Asia-Pacific region. Under the leadership of its CEO, Ken Lim, ECIB is known for its experience in capital markets and strict regulatory compliance. 'We are delighted to welcome ECIB as a substantial shareholder. This is an important milestone for Oasis Harvest and a clear endorsement of our growth potential,' an elated Oasis Harvest executive director Ch'ng Eu Vern pointed out. 'ECIB's deep experience in finance and strategic advisory will be invaluable to us. We look forward to a close collaboration, tapping into their insights to accelerate our strategic plans and create greater value for our shareholders.' ECIB's investment is poised to provide Oasis Harvest with a stable and strategic financial partner, hence strengthening the group's foundation for future expansion. Moving forward, the association with a well-regarded investment bank is expected to boost Oasis Harvest's reputation and trust among clients, partners and the wider investment community. 'With the backing and expertise of ECIB, Oasis Harvest is in a stronger position to pursue ambitious growth opportunities and continue building on its success,' added Ch'ng. At 3.25pm, Oasis Harvest was down 2 sen or 8.33& to 22 sen with 2.05 million shares traded, thus valuing the company at RM32 mil. – July 22, 2025
New Straits Times
18-07-2025
- Business
- New Straits Times
CIMB holds MRCB forecast pending progress on Ipoh Sentral JV
KUALA LUMPUR: CIMB Securities Sdn Bhd is maintaining its earnings forecast for Malaysian Resources Corp Bhd (MRCB), pending the fulfilment of key conditions under its joint venture development agreement (JVDA) with Ipoh Sentral Sdn Bhd (ISSB). Among the conditions is the submission of ISSB's development plan to the relevant authorities. "We expect material contributions from Ipoh Sentral to only kick in from FY28F onwards," the firm said in a note. The JVDA was signed this month, following an earlier memorandum of agreement between MRCB and ISSB on January 23, 2025, to jointly develop the Ipoh Sentral mixed-use project. The development will span two parcels of land totalling 67 acres, currently owned by Railway Assets Corp, which is in the process of transferring the land to its wholly owned subsidiary, Railway Asset Holdings Sdn Bhd (RAHSB). ISSB is a 50:50 joint venture between RAHSB and Silver Smart, a wholly owned entity of the State Secretary Perak (Inc). The land development and management rights were assigned to ISSB under an earlier agreement signed on Nov 29, 2024. Based on a transit-orientated development (TOD) concept, Ipoh Sentral is located adjacent to the historic Ipoh train station. Marketed as a transformative hub for the city, the project will feature a dynamic mix of residential, commercial, office, and hospitality components. With an estimated gross development value (GDV) of RM6.3 billion and projected development costs of RM5.6 billion, the project is expected to yield a total profit of RM630 million, or about RM32 million annually, CIMB Securities said in a note. In exchange for the development rights, MRCB will pay ISSB RM348 million over 20 years, with a minimum guaranteed payment of RM198 million. Through the JVDA, MRCB and ISSB will form an incorporated joint venture company to lead the 20-year development. The initial phase will focus on enhancing public spaces and amenities, while subsequent phases will introduce residential, commercial, retail, and transit components. MRCB saw a weaker performance in the first quarter of 2025 but remains optimistic about its prospects, buoyed by RM5.6 billion in newly secured contracts expected to boost revenue in the coming years. For the quarter ended March 31, the group posted a 54 per cent year-on-year decline in revenue to RM218.2 million, while profit before tax fell to RM4.9 million from RM19 million previously. Despite the lower earnings, CIMB Securities has reiterated its "Buy" rating on MRCB, with an unchanged target price of 83 sen. Year-to-date, the stock has posted a marginal 1 per cent gain. After hitting a low of around 38 sen in March, it has been on a steady recovery, trading between 52 sen and 55 sen this week. This puts MRCB's market capitalisation at roughly RM2.37 billion. Ipoh Sentral is one of two key catalytic projects MRCB is undertaking in Ipoh, the other being the Ipoh Raya Integrated Park.
Borneo Post
04-07-2025
- Borneo Post
Accountant clerk claims trial to three CBT charges
KOTA KINABALU (July 4): An accountant clerk claimed trial in the Sessions Courts here today to three criminal breach of trust (CBT) charges. In the first case, Brandon Ng Jia Lie, who was brought before judge Noor Hafizah Mohd Salim, was accused of cashing five company's cheques worth RM32,719.60 between February 3 and July 27, 2023. In the second case before judge Elsie Primus, Ng was alleged to have cashed eight cheques of the same company between February 29 and December 29, 2022. In the third case, Ng, who appeared before judge Hurman Hussain, was charged with cashing two cheques of the same company between November 16 and December 31, 2021. These three alleged offences were committed at a bank branch here and Ng had allegedly cashed the cheques to his own bank account. The judges had fixed the same date of August 12 for pre-trial case management. Ng was released on RM15,000 bail for the three charges with two local sureties. He was unrepresented.
