Latest news with #RM4.1
New Straits Times
3 days ago
- New Straits Times
Ex-Sabah Water Dept director claims RM20mil found in office 'belonged to others'
KOTA KINABALU: A former Sabah Water Department (JANS) director told the court that the large amount of money found in his office during a 2016 raid by the Malaysian Anti-Corruption Commission (MACC) belonged to other individuals. Ag Mohd Tahir Mohd Talib said the cash was already present when he began working in the office, adding that only a portion of it was his. "Most of the cash in the pantry was not mine. It was already there when I took over the office. However, from time to time, I kept some of my own money there because my brother, who is the Umno treasurer, would occasionally come to ask for political donations. I estimate that about RM20 million was already there, and roughly RM3 million belonged to me," he said. Ag Tahir was testifying before Judge Abu Bakar Manat as his defence trial resumed today. Commenting on the "Go Away" sign found on the door beside the window behind his office desk, Ag Tahir said: "The sign was already there when I started working in the director's office." It was previously reported that piles of cash were discovered inside a room with a "Go Away" sign on the doorknob in Ag Tahir's office. During cross-examination by deputy public prosecutor Mahadi Abdul Jumaat, Ag Tahir said that the majority of the money belonged to others. Prosecution: Were there any belongings in the pantry that belonged to other people? Ag Tahir: Yes. Prosecution: Could you specify what those belongings were? What exactly do you mean? Ag Tahir: A large sum of money. However, Ag Tahir said he could not recall whether the cash was removed and displayed at the front of his office during the raid. He also claimed he was unaware that the money could not be counted on-site due to its volume. Prosecution: Were you in your office throughout the search, and did you witness the process? Ag Tahir: I was seated there, but I did not witness the proceedings. In response to another question, Ag Tahir testified that he did not know his wife, Fauziah Piut, held 19 bank accounts, nor was he aware that the total amount in those accounts came to RM2.2 million. Ag Tahir also denied that, in addition to millions in cash, the MACC had found 900 items of jewellery. He said he was unaware that the jewellery was valued at RM1.7 million in 2016 and that, in 2023, an expert witness had testified that its value had risen to RM4.1 million. Standing trial alongside Ag Tahir, 63, are his wife Fauziah, 60, and former deputy director Lim Lam Beng, 66. The trio jointly face 37 charges of money laundering involving cash and bank savings totalling RM61.57 million, as well as unlawful possession of luxury goods between October and November 2016. Deputy public prosecutors Haresh Prakash Somiah and Zander Lim are conducting the trial. Ag Tahir and Fauziah are represented by Datuk Ansari Abdullah and Erveana Ansari, while Lim is represented by Datuk Tan Hock Chuan, Baldev Singh, Karpaljit Singh, and Kelvin Wong. The trial will resume on July 23.
The Star
19-06-2025
- Business
- The Star
Binastra records 43% revenue growth, order book at RM4.1bil in 1Q
KUALA LUMPUR: Binastra Corporation Bhd's revenue rose by 43 per cent to RM256.8 million in the first quarter ended April 30, 2025 (1Q FY2026), a 43 per cent increase year-on-year (y-o-y) compared to 1Q FY2025. Meanwhile, its net profit jumped by 38.9 per cent y-o-y to RM25.1 million, driven by strong contributions from the group's core construction segment. In a statement today, managing director Datuk Jackson Tan Kak Seng said the company is "operating at full capacity' as it pursues a record year, targeting RM4.0 billion in new contract wins for FY2026. Growth is expected to be driven by continued momentum in Klang Valley and rising opportunities in Johor Bahru, the construction group said, adding that its order book is currently at approximately RM4.1 billion, with 25 ongoing projects. During the quarter, Binastra also proposed the acquisition of LF Lansen, a provider of energy-efficient engineering solutions, including thermal energy storage and buffer tank systems. The move is expected to strengthen Binastra's environmental, social and corporate governance credentials and technical expertise, particularly in supporting data centre projects. "Additionally, we incorporated our renewable energy arm, Binastra Green Energy Sdn Bhd in February 2025, and aim to partner with a prominent local solar energy player. "We anticipate that this partnership will enable us to undertake full engineering, procurement, construction, and commissioning roles for renewable energy developments, paving the way for our long-term strategy to diversify into green infrastructure,' said Tan. - Bernama
New Straits Times
19-06-2025
- Business
- New Straits Times
Binastra records 43pct revenue growth, order book at RM4.1bil in 1Q
KUALA LUMPUR: Binastra Corporation Bhd's revenue rose by 43 per cent to RM256.8 million in the first quarter ended April 30, 2025 (1Q FY2026), a 43 per cent increase year-on-year (y-o-y) compared to 1Q FY2025. Meanwhile, its net profit jumped by 38.9 per cent y-o-y to RM25.1 million, driven by strong contributions from the group's core construction segment. In a statement today, managing director Datuk Jackson Tan Kak Seng said the company is "operating at full capacity" as it pursues a record year, targeting RM4.0 billion in new contract wins for FY2026. Growth is expected to be driven by continued momentum in Klang Valley and rising opportunities in Johor Bahru, the construction group said, adding that its order book is currently at approximately RM4.1 billion, with 25 ongoing projects. During the quarter, Binastra also proposed the acquisition of LF Lansen, a provider of energy-efficient engineering solutions, including thermal energy storage and buffer tank systems. The move is expected to strengthen Binastra's environmental, social and corporate governance credentials and technical expertise, particularly in supporting data centre projects. "Additionally, we incorporated our renewable energy arm, Binastra Green Energy Sdn Bhd in February 2025, and aim to partner with a prominent local solar energy player. "We anticipate that this partnership will enable us to undertake full engineering, procurement, construction, and commissioning roles for renewable energy developments, paving the way for our long-term strategy to diversify into green infrastructure," said Tan.
The Sun
04-06-2025
- Business
- The Sun
Guinea Bissau President Embalo given official welcome in Putrajaya
PUTRAJAYA: President of Guinea-Bissau, Umaro Sissoco Embalo, who is on a three-day official visit to Malaysia, was accorded an official welcoming ceremony at the Perdana Putra Complex here today. Embalo, who arrived yesterday, is making his first visit to Malaysia since assuming office in February 2020. Upon his arrival at 9 am, he was warmly received by Prime Minister Datuk Seri Anwar Ibrahim at the venue. The ceremony began with the playing of the national anthems of Guinea-Bissau and Malaysia. Embalo then inspected a guard of honour mounted by three officers and 103 members of the First Battalion of the Royal Malay Regiment (Ceremonial), led by Major Mohamad Waqiyudin Abd Rahman. Also present were Deputy Prime Minister Datuk Seri Fadillah Yusof, Transport Minister Anthony Loke, senior government officials and diplomats. Following the ceremonial protocols, President Embalo signed the guest book before proceeding to a bilateral meeting with Anwar, where discussions particular focus on trade and investment, agriculture, education and capacity building. Both leaders are also expected to exchange views on regional and international issues of mutual interest. Malaysia and Guinea-Bissau established diplomatic relations in November 1974. Bilateral ties between the two nations remain cordial, underpinned by a shared commitment to cooperation on bilateral and multilateral platforms, including the United Nations (UN), the Organisation of Islamic Cooperation (OIC), and the Non-Aligned Movement (NAM). In 2024, Malaysia's total trade with Guinea-Bissau amounted to RM4.1 million, with exports to Guinea-Bissau valued at RM4.04 million and imports at RM0.06 million.
The Sun
04-06-2025
- Business
- The Sun
Guinea Bissau President Embalo given official welcome
PUTRAJAYA: President of Guinea-Bissau, Umaro Sissoco Embalo, who is on a three-day official visit to Malaysia, was accorded an official welcoming ceremony at the Perdana Putra Complex here today. Embalo, who arrived yesterday, is making his first visit to Malaysia since assuming office in February 2020. Upon his arrival at 9 am, he was warmly received by Prime Minister Datuk Seri Anwar Ibrahim at the venue. The ceremony began with the playing of the national anthems of Guinea-Bissau and Malaysia. Embalo then inspected a guard of honour mounted by three officers and 103 members of the First Battalion of the Royal Malay Regiment (Ceremonial), led by Major Mohamad Waqiyudin Abd Rahman. Also present were Deputy Prime Minister Datuk Seri Fadillah Yusof, Transport Minister Anthony Loke, senior government officials and diplomats. Following the ceremonial protocols, President Embalo signed the guest book before proceeding to a bilateral meeting with Anwar, where discussions particular focus on trade and investment, agriculture, education and capacity building. Both leaders are also expected to exchange views on regional and international issues of mutual interest. Malaysia and Guinea-Bissau established diplomatic relations in November 1974. Bilateral ties between the two nations remain cordial, underpinned by a shared commitment to cooperation on bilateral and multilateral platforms, including the United Nations (UN), the Organisation of Islamic Cooperation (OIC), and the Non-Aligned Movement (NAM). In 2024, Malaysia's total trade with Guinea-Bissau amounted to RM4.1 million, with exports to Guinea-Bissau valued at RM4.04 million and imports at RM0.06 million.
