Latest news with #RM335
Barnama
13-07-2025
- Barnama
Three Held, Drugs Worth Over RM300,000 Seized In Cheras
KUALA LUMPUR, July 13 (Bernama) -- Police have seized drugs worth RM335,630 and arrested three men in three raids in Cheras. Cheras district police chief ACP Aidil Bolhassan said a 35-year-old unemployed man was arrested when they raided the parking area of an apartment in Taman Maluri at 10.15 pm yesterday. "We seized 381.05 grammes of MDMA and ketamine worth RM4,390. "The suspect then led us to a second location in Jalan Chan Sow Lin, where we seized 13.39 kilogrammes of cocaine, MDMA powder and Erimin 5, as well as 5,000 litres of MDMA liquid worth RM317,394," he said in a statement today. Aidil said further investigation led to a third raid at the Desa Tun Razak People's Housing Project at 12.30 am today, where police arrested two men aged 38 and 42, and seized various drugs, including MDMA powder, Erimin 5, ecstasy pills, cocaine and ketamine, worth RM11,567. 'We also seized two cars and RM100 in cash, bringing the total value of the seizure to RM335,630. Urine tests on all the suspects returned positive for amphetamine and methamphetamine,' he said. All three suspects have been remanded for seven days until July 19, and the case is being investigated under Section 39B of the Dangerous Drugs Act 1952. -- BERNAMA
The Star
13-07-2025
- The Star
KL cops nab three, seize drugs worth over RM300,000
KUALA LUMPUR: Police have seized drugs worth RM335,630 and arrested three men in three raids in Cheras here. Cheras district police chief ACP Aidil Bolhassan said a 35-year-old unemployed man was arrested when they raided the parking area of an apartment in Taman Maluri at 10.15pm on Saturday (July 12). "We seized 381.05g of MDMA and ketamine worth RM4,390. "The suspect then led us to a second location in Jalan Chan Sow Lin, where we seized 13.39kg of cocaine, MDMA powder and Erimin 5, as well as 5,000 litres of MDMA liquid worth RM317,394," he said in a statement on Sunday (July 13). Aidil said further investigations led to a third raid at the Desa Tun Razak People's Housing Project at 12.30am on Sunday where police arrested two men aged 38 and 42, and seized various drugs, including MDMA powder, Erimin 5, ecstasy pills, cocaine and ketamine worth RM11,567. "We also seized two cars and RM100 in cash, bringing the total value of the seizures to RM335,630. Urine tests on all the suspects returned positive for amphetamine and methamphetamine," he said. All three suspects have been remanded for seven days until July 19, and the case is being investigated under Section 39B of the Dangerous Drugs Act 1952. – Bernama
The Sun
13-07-2025
- The Sun
Three arrested, RM300k drugs seized in Cheras raids
KUALA LUMPUR: Police have arrested three men and confiscated drugs worth RM335,630 in a series of raids across Cheras. The operation, conducted in three separate locations, uncovered significant quantities of narcotics, including MDMA, cocaine, and ketamine. Cheras district police chief ACP Aidil Bolhassan confirmed the arrests, stating that the first suspect, a 35-year-old unemployed man, was detained in the parking area of an apartment in Taman Maluri. Officers seized 381.05 grammes of MDMA and ketamine valued at RM4,390. The suspect then led authorities to a second location in Jalan Chan Sow Lin, where police discovered 13.39 kilogrammes of cocaine, MDMA powder, and Erimin 5, along with 5,000 litres of MDMA liquid. The total estimated value of the drugs seized at this location was RM317,394. A third raid followed at the Desa Tun Razak People's Housing Project, resulting in the arrest of two more men, aged 38 and 42. Additional drugs, including MDMA powder, Erimin 5, ecstasy pills, cocaine, and ketamine, worth RM11,567 were seized. Police also impounded two cars and RM100 in cash. Urine tests conducted on all suspects returned positive for amphetamine and methamphetamine. The three individuals have been remanded for seven days until July 19. The case is being investigated under Section 39B of the Dangerous Drugs Act 1952, which carries the death penalty upon conviction. – Bernama
New Straits Times
08-07-2025
- Business
- New Straits Times
Bursa Malaysia ends morning session lower on mild selling
KUALA LUMPUR: Bursa Malaysia ended the morning session lower due to mild selling in selected heavyweight stocks, led by financial and industrial products and services counters, amid continued investor concerns over United States (US) President Donald Trump's tariff uncertainty, an analyst said. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 7.59 points to 1,529.95 from Monday's close of 1,537.54. The benchmark index had opened 7.85 points lower at 1,529.69. The broader market was negative, with 533 decliners trouncing 305 gainers, while 410 counters were unchanged, 1,157 untraded and nine suspended. Turnover stood at 2.01 billion units worth RM1.09 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects the local benchmark index's volatility to heighten in the run-up to the July 9 tariff expiry. "The FBM KLCI dipped by almost 13 points following a decent performance over the past week, as we anticipate foreign funds have again turned sellers, illustrating their extreme short-term behaviour. "For today, we expect the index to hover between the 1,530-1,545 range," he said. Meanwhile, Hong Leong Investment Bank Bhd said the benchmark index may continue its downward consolidation from the recent May 15 peak of 1,589 points, following the US 25 per cent tariff imposition on Malaysia. "Selling pressure could intensify amid a potential reversal in foreign flows after two weeks of net inflows totalling RM335 million," it said in a note today. Among the heavyweights, Maybank fell three sen to RM9.69, CIMB went down 10 sen to RM6.65, and IHH Healthcare was three sen lower at RM6.69. Tenaga Nasional gained six sen to RM13.86, while Public Bank was flat at RM4.33. As for the most active stocks, NexG and Top Glove added one sen each to 43 sen and 70 sen, respectively, Supermax rose six sen to 65 sen, while Tanco slid half-a-sen to 89 sen, and Zetrix AI remained unchanged at 95 sen. On the index board, the FBM Emas Index dropped 47.87 points to 11,470.79, the FBMT 100 Index slipped 50.90 points to 11,242.33, and the FBM Emas Shariah Index lost 64.06 points to 11,436.67. The FBM 70 Index declined 53.53 points to 16,569.92, while the FBM ACE Index shed 11.10 points to 4,462.52. By sector, the Financial Services Index decreased 86.66 points to 17,635.30, the Industrial Products and Services Index edged down 1.71 points to 153.70, the Energy Index eased 3.39 points to 734.20, and the Plantation Index trimmed 28.15 points to 7,416.86.
Business Times
16-06-2025
- Business
- Business Times
Genting's trek from hilltop casino to multibillion dollar global conglomerate
[SINGAPORE] Many know the Genting Group only for its hotels and casinos, yet its businesses have mushroomed to straddle plantations, energy, and biotechnology businesses across the world. What started off as a hilltop casino in Malaysia's Genting Highlands is today a conglomerate which includes Genting Plantations, Genting Singapore, Genting Energy and Resorts World Las Vegas. Beginnings The Genting Group was founded in 1965 when the late Lim Goh Tong built a mountaintop resort in what is now known as Genting Highlands. In 1971, Genting Highlands Hotel was publicly listed in Malaysia with the addition of the first hotel, now known as Theme Park Hotel. A decade on, the 18-story Genting Hotel officially opened. Now known as Genting Grand, it was the flagship hotel in the Genting Highlands complex. The expansion of the mountaintop resort continued, with subsequent openings of the Awana Genting Highlands Golf & Country resort in 1985; the launch of Resort Hotel and indoor theme park in 1992; the Genting outdoor theme park in 1994 and the 3.38 km Genting Skyway cable car to the hilltop in 1997. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The largest expansion came in 2006 with the First World Hotel – which scored a first when it was declared the 'World's Largest Hotel' by Guinness World Records in 2006 with its 6,118 rooms. Going international Just four years later, Genting expanded its tourism business overseas for the first time. It opened Resorts World Sentosa (RWS) in Singapore, with the Universal Studios Singapore as its star attraction. The Maritime Experiential Museum was added to RWS a year later in 2011; the SEA Aquarium Sentosa and Adventure Code Waterpark opened in 2012 and the Trickeye Museum in 2015. At the same time, the fast-expanding Genting brand pushed into the developed markets with the opening of Resorts World Casino New York City in 2011. The entertainment hub was the leading gaming operator in the north-east US market. Resorts World Birmingham in the United Kingdom and Resorts World Bimini in the Bahamas followed in 2013. Nearer home, Genting opened Resorts World Jeju in South Korea and Resorts World Las Vegas shortly after in 2015. Another breakthrough was made two years later with Crockfords Cairo casino in Egypt in 2017, its first project in the Middle East. Today, Genting's leisure and tourism arm spans 11 Resort World properties and three mega resorts in Malaysia, Singapore and Las Vegas. The group comprises holding company Genting and its listed subsidiaries Genting Malaysia, Genting Plantations and Genting Singapore, as well as wholly owned subsidiary Genting Energy. Genting Malaysia and Genting Plantations reported 2024 earnings of RM200 million (S$60.5 million) and RM335 million on revenues of RM10.9 billion and RM3 billion, respectively. Here, Genting Singapore's profit for the first quarter ended Mar 31 tumbled 41 per cent to S$145 million, which the company blamed on a lower VIP rolling win rate and the temporary closure of Hard Rock Hotel for renovation. A multi-layered conglomerate Expansion and diversification into plantations Genting Group's expansion beyond its resorts began with the incorporation of Asiatic Development in 1977, which became a wholly owned subsidiary of Genting Group in 1980, spearheading its plantation activities and investments. In 1982, Asiatic Development was converted to a public company, subsequently expanding into oil palm plantations in West Kalimantan, Indonesia in 2005 and developing genomics-based solutions to improve crop productivity in 2006. Subsequently, it expanded into Indonesia by acquiring land in West Kalimantan Indonesia in 2008 before the company was renamed Genting Plantations. Presently, Genting Plantations is also involved in downstream manufacturing, property and AgTech, its research and development arm for crop efficiency. Expanding into oil and gas industries In 1996, Kuala Langat power plant commenced operations while Genting Group formed a new group, Genting Oil & Gas, now known as Genting Energy to explore for gas in Indonesia. After the late Lim Goh Tong handed over the chairmanship of Genting Group and its companies to his son Lim Kok Thay in 2003; Genting Energy ventured into China with the acquisition of power plants in Fujian and Jiangsu provinces in 2005. The Jangi Wind Farm in Gujarat, India took off in 2011, marking the group's entry into India and wind energy, before their subsequent discoveries of gas in Indonesia, opening the Banten power plant in Java, Indonesia in 2013. Along with its expansion, Genting Energy took environment friendly steps, commissioning the Jambongan Oil Mill in Malaysia in 2014, which was Malaysia's first zero waste discharge oil mill. In light of the environmental concerns, they also collaborated with US-based Elevance Renewable Sciences to establish Malaysia's first metathesis plant as a greener and more sustainable process for generating energy efficiently in power plants.
