Latest news with #RM4.89
Daily Express
09-07-2025
- Business
- Daily Express
RM4.89 billion for infra development
Published on: Wednesday, July 09, 2025 Published on: Wed, Jul 09, 2025 By: Ricardo Unto Text Size: Nizam said 18 additional water supply projects are planned or underway and expected to be completed by 2026. Kota Kinabalu: The State Government allocated RM4.89 billion between 2021 and 2024 for infrastructure development under the Works Ministry, as part of the Sabah Maju Jaya (SMJ) 1.0 plan. Assistant Minister to the Chief Minister, Datuk Nizam Abu Bakar Titingan, said on Tuesday that the total length of roads in Sabah increased by 982km during this period. 'The road network increased from 21,876km in 2021 to 22,858km in 2024,' he said when responding to a question by Nabawan Assemblyman Datuk Abdul Ghani Mohamed Yassin. This includes a 36-km increase in federal roads, a 283-km addition to state roads under the Public Works Department (PWD), a 392-km rise in roads under municipal councils, and a 271-km increase in district council roads. In terms of water infrastructure, the state's treated water production capacity rose from 1,505 million litres per day in 2021 to 1,630 million litres per day in 2024. The number of water treatment plants also grew from 85 in 2021–2022 to 88 in 2023 and 90 in 2024, reflecting the state's efforts to improve water supply infrastructure. To address supply issues, the State Government is implementing several upgrading projects, including the Telibong II Water Treatment Plant, which will increase its capacity by 80 million litres per day upon completion in late this year. Other projects slated for completion by the end of this year include upgrades to the Beluran (6 million litres), Kanibongan (4 million litres), and Kasigui (5 million litres) plants. The Kogopon plant will be upgraded to handle an additional 40 million litres daily by the end of 2026, while a second intake facility for the Papar EWSS plant is also scheduled for completion this year. Nizam said 18 additional water supply projects are planned or underway and expected to be completed by 2026. He added that the state managed to reduce non-revenue water (NRW) loss from 60 per cent to 52 per cent in 2024. 'These projects are crucial to meet rising demand from the industrial and housing sectors,' he said. On electricity infrastructure, Nizam said the Sabah Energy Council had approved 11 projects totalling 1,219 megawatts, with expected completion between January 2025 and January 2031. He also said the average System Average Interruption Duration Index (Saidi) in Sabah improved from 332 minutes in 2021 to 207 minutes in 2024. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
08-07-2025
- Business
- Daily Express
Sabah boosts infrastructure with RM4.89 billion under SMJ Plan
Published on: Tuesday, July 08, 2025 Published on: Tue, Jul 08, 2025 By: Ricardo Unto Text Size: KOTA KINABALU: The Sabah Government allocated RM4.89 billion for infrastructure under SMJ 1.0 (2021–2024), resulting in a 982km increase in road length, bringing the total to 22,858km, said Assistant Minister Datuk Nizam Abu Bakar Titingan. Water treatment capacity rose from 1,505 to 1,630 million litres daily, with the number of plants growing from 85 to 90. Major upgrades, including Telibong II, are set to boost supply, while 18 more projects are ongoing. Non-revenue water loss was cut from 60pc to 52pc. On electricity, 11 projects generating 1,219MW were approved for completion between 2025 and 2031. Power reliability also improved, with Saidi dropping from 332 minutes in 2021 to 207 minutes in 2024. * Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
22-05-2025
- Business
- New Straits Times
YTL Power posts lower 3Q net profit of RM489.41mil
KUALA LUMPUR: YTL Power International Bhd recorded a lower net profit of RM489.41 million for the third quarter ended March 31, 2025, from RM698.68 million in the same quarter last year, mainly due to weaker power generation margins and foreign exchange losses. Revenue was down to RM4.89 billion from RM5.16 billion previously. Despite this, YTL Power's water and sewerage segment posted improved earnings driven by regulated price increases in the United Kingdom and easing inflationary pressures on index-linked bonds. "Revenue from the telecommunications segment also rose to RM264.24 million from RM96.76 million a year ago," it said in a filing with Bursa Malaysia. For the nine-month performance, the group posted lower net profit of RM1.73 billion from RM2.39 billion previously, however, revenue improved to RM16.25 billion from RM15.98 billion. The group expects the performance of its business segments to remain resilient due to the essential nature of its operations, and will continue to closely monitor the related risks and impact on all business segments -- BERNAMA
