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Daily Express
2 days ago
- Business
- Daily Express
Lion's share for water, roads: State Assembly passes RM1.186 billion 2025 Supplementary Supply Bill
Published on: Tuesday, July 08, 2025 Published on: Tue, Jul 08, 2025 By: Larry Ralon Text Size: Masidi said RM789.1 million of the supplementary funds would be under the control of the Finance Ministry, comprising RM600 million for contributions to statutory funds, RM185.5 million under General Treasury Services and RM3.6 million for the Ministry's own operating expenses. Kota Kinabalu: The Sabah Legislative Assembly on Monday approved the 2025 Supplementary Supply Bill amounting to RM1,186,923,403 to ensure continuity of government administration and implementation of people-centric projects until end of year. A significant portion of the supplementary allocation totalling RM523.5 million will go towards addressing two major issues - water supply and road infrastructure - demonstrating the State Government's commitment and determination to resolve them. State Finance Minister Datuk Seri Masidi Manjun, who tabled the Bill, said the additional funding covers 53 expenditure heads. He said the 2025 supplementary allocation would finance six categories of expenditure: contributions to statutory funds (RM600 million or 51 per cent), administrative expenses (RM204 million or 17pc), operational expenses (RM195 million or 16pc), domestic grants (RM84 million or 7pc), investment purposes (RM54.4 million or 5pc) and special provisions (RM50.7 million or 4pc). Masidi said RM789.1 million of the supplementary funds would be under the control of the Finance Ministry, comprising RM600 million for contributions to statutory funds, RM185.5 million under General Treasury Services and RM3.6 million for the Ministry's own operating expenses. 'Of the contribution to statutory funds, RM250 million or 41.7pc will be added to the Development Fund to reduce the Development Account deficit, which does not involve cash flow. Meanwhile, RM150 million or 25pc will be channelled to the Statutory Trust Fund for the maintenance of roads and bridges throughout Sabah.' In addition, RM200 million or 33.3pc is proposed for the State Government's special trust fund to implement the Syukur, Budi, Sentosa, Subfly and Sukses, as well as for the construction and repair of water, road and utility infrastructure. RM185.5 million is proposed under general treasury services, which includes RM54.4 million for equity investment; RM89.1 million for infrastructure projects, including water treatment plant upgrades and new pipe installations, as well as small-scale infrastructure and public amenities; and RM30 million in domestic grants for Kota Kinabalu City Hall to clean marine debris around the city and islands, and to support non-governmental organisations (NGOs). A further RM12 million is proposed to fund public facility projects, including mosque upgrades and the construction of the Tawau International Cultural Centre. 'An additional RM147.6 million is proposed for the Works Ministry and its departments to maintain and repair drainage systems, treatment plants and water pump stations, restore disaster-damaged infrastructure, maintain government buildings, carry out electrical wiring, enforcement activities and other administrative and operational needs. 'RM94.4 million is proposed for the Chief Minister's Department and its agencies to fund state scholarship programmes, mosque and surau maintenance, upkeep of Raudah parks and other administrative and operational needs.' The Agriculture, Fisheries and Food Industry Ministry and its agencies are recommended to receive an additional RM55.7 million to cover the maintenance of drainage systems, river cleaning, flood mitigation and other administrative and operational costs. The Local Government and Housing Ministry and its agencies are allocated an additional RM25.9 million, among others, to settle cash advances for special financial aid to traditional leaders, grants-in-aid, rate replacement contributions and the upkeep of local authorities, as well as other operational expenses. Masidi said the Community Development and People's Wellbeing Ministry and its departments are allocated an additional RM16.2 million. Of that amount, RM4.5 million is to support the State's initiative to provide 100 haemodialysis machines to selected health facilities across Sabah. 'This reflects the State Government's commitment to helping kidney patients receive free treatment at nearby health centres. Another RM11.1 million is allocated for aid to fire and flood victims, support for senior citizens, orphans and the underprivileged, as well as the operations of preschools for children with disabilities. The remaining amount will fund administrative and operational expenses under this Ministry.' Other ministries and departments are allocated an additional RM58 million to cover various expenses, including RM15.6 million for allowances to Village Development and Security Committee (JKKK) chairmen, RM8 million for hosting the 11th Sabah Games (SAGA) in Tawau and RM34.3 million for other administrative, operational and service expenditures. The 2025 Development Estimates under Paper CMD.2 requires a further RM416,541,291, involving 83 expenditure heads across 10 ministries. Masidi said of this amount, RM224.5 million or 53.9pc is to be financed from the State Fund, RM188.5 million or 45.3pc from Federal loans and RM3.5 million or 0.8pc from Federal repayments. 'The largest share of RM254.9 million or 61.2pc under the Additional Development Estimates is proposed for the Works Ministry to fund projects under the Public Works Department, State Water Department, State Sewerage Services Department and State Railway Department. 'These include road projects for towns and small municipalities, special water supply programmes, sewerage schemes under local authorities and permanent railway line repairs,' he said. Of that amount, RM187.5 million is to be funded through Federal loans. The second largest allocation of RM82.5 million is for the Rural Development Ministry to fund small-scale rural development projects, poverty eradication, the People's Wellbeing Housing Programme (RSRS), the Alternative Rural Electricity Supply Programme (Belba – solar streetlights and generation set provision) and the Alternative Rural Water Supply Programme (Balba – clean water via gravity-fed systems and tube wells). The Chief Minister's Department is proposed to receive RM38.5 million for special development projects, surveying Native Customary Rights (NCR) land and the Sabah Satellite Positioning Reference Network, improving waste disposal systems in Kota Kinabalu, and constructing new mosques and religious schools under the Islamic Affairs Department. An additional RM1 million is allocated to the Sabah Land Development Board to service Federal loan repayments. 'An estimated RM17.4 million is proposed for the Agriculture, Fisheries and Food Industry Ministry, of which RM13.9 million comes from the State Fund to finance projects under the Fisheries Department and Irrigation and Drainage Department. The remaining RM3.5 million is under Federal repayments to support the Veterinary Diagnostic Laboratory project in Kinarut.' A total of RM7.7 million is allocated to the Industrial Development and Entrepreneurship Ministry, including RM5.7 million for the preparation of vendor facility sites in Salut and infrastructure development in Industrial Zone 7 (IZ7) Phase 3. Another RM2 million is for infrastructure works in Sipitang Oil and Gas Industrial Park (Sogip), including electricity connection for Phases 1 and 2 of streetlight installations. The Youth and Sports Ministry is allocated RM4.84 million to fund the construction and maintenance of sports complexes across Sabah. Masidi said RM4.6 million is proposed for the Community Development and People's Wellbeing Ministry, which includes building facilities for children with disabilities, integrated centres for the disabled and elderly and senior citizens' homes. 'An additional RM2.9 million is proposed for the Tourism, Culture and Environment Ministry to support the development of Sabah Parks, tourism assets and upgrades to heritage sites under the Sabah Museum Department.' A further RM2.3 million is proposed for the Local Government and Housing Ministry to fund landscaping and the construction of office buildings for local authorities, and for the Science, Technology and Innovation Ministry to make final payments for the E-Desa Kg Pelakat Project in Sipitang. 'The majority of the additional allocation recommended this year is for addressing two major issues – water supply and roads. From the total amount in the supplementary estimate, RM523.5 million is for that purpose. 'This clearly shows the State Government's commitment and determination to resolve long-standing issues repeatedly raised by the people, which have also been politicised by parties with vested interests,' he said, adding the actual annual requirement to comprehensively address water and road issues exceeds RM2 billion. More than 20 government and opposition assemblymen debated the Bill. * 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
Borneo Post
3 days ago
- Business
- Borneo Post
RM1.187 bln Supplementary Supply Bill passed
KOTA KINABALU (July 7): Sabah Finance Minister Datuk Seri Panglima Masidi Manjun today tabled the Supplementary Supply Bill 2025, which seeks an additional provision amounting to RM1,186,923,403.00 for 53 expenditure heads. He explained that all the additional estimates in the Supplementary Supply Estimates Statement were crucial to ensure the smooth operation of the State Government's administration until the end of 2025. Masidi added that the additional allocation for the year 2025 is required to finance six categories of expenditure, namely, the first category: Contributions to Statutory Funds, proposed at RM600 million or 51 per cent; second category: Administrative Expenditure, proposed at RM204 million or 17 per cent; third category: Operational Expenditure, proposed at RM195 million or 16 per cent; fourth category: Domestic Grants, proposed at RM84 million or 7 per cent; fifth category: Investment Expenditure, amounting to RM54.4 million or 5 per cent; and sixth category: Special Allocations totalling RM50.7 million or 4 per cent. He proposed that a total of RM789.1 million be allocated under the purview of the Finance Ministry, comprising RM600 million for Contributions to Statutory Funds, RM185.5 million for Treasury General Services expenditure, and RM3.6 million for the operating expenses of the Finance Ministry. Masidi also said that the proposed amount for Contributions to Statutory Funds, RM250 million or 41.7 per cent is intended as an addition to the Development Fund to reduce the deficit in the Development Account, which does not involve cash flow. At the same time, RM150 million or 25 per cent is a contribution to the Statutory Trust Fund for Road Maintenance to implement road maintenance projects across Sabah, he said. In addition, RM200 million or 33.3 per cent is proposed for the Special State Government Trust Fund to implement the People's Caring Touch Programme (SYUKUR); student assistance schemes such as the Higher Education Entry Cash Aid (BUDI), Sabah Tertiary Education Student Contribution (SENTOSA), Sabah Student Flight Subsidy (SUBFLY) and Sabah School Activities Contribution (SUKSES), as well as construction and repair of infrastructure such as water, roads and utilities, he added. Masidi also said that a total of RM185.5 million is also proposed under Treasury General Services, comprising RM54.4 million for Equity Investments; RM89.1 million for infrastructure projects, including upgrades to water treatment plants, new water pipe installations, minor infrastructure and other public facilities; and RM30 million in Domestic Grants allocated to Kota Kinabalu City Hall for waste cleaning in Kota Kinabalu waters including island areas, and contributions to non-governmental organisations. The remaining RM12 million is proposed for other public facility projects, including mosque upgrades and the construction of the Tawau International Cultural Centre, he said. Meanwhile, RM147.6 million is proposed for the Works Ministry and its departments to fund maintenance and repair of drainage systems, plant buildings and water pump houses, disaster recovery works, building maintenance, electrical wiring works, enforcement activities, and other administrative and operational expenses. He said that a sum of RM94.4 million is proposed for the Chief Minister's Department and its agencies to fund State Government scholarship sponsorships; maintenance and operation of mosques and suraus, Raudah parks, and other administrative and operational expenses. Meanwhile, the Agriculture, Fisheries and Food Industry Ministry and its departments are proposed an additional allocation of RM55.7 million for the maintenance of drainage systems, river cleaning, flood mitigation, and other administrative and operational expenses, he said. As for the Local Government and Housing Ministry and its departments are proposed an additional RM25.9 million, among others, to settle Advance Accounts for Special Financial Aid to Community Chiefs, Grant-In-Aid, Replacement Rate Contributions and Maintenance to Local Authorities, as well as other administrative and operational expenses, he said. As for the Community Development and People's Wellbeing Ministry and its department, an additional RM16.2 million is proposed, he said. Out of this, RM4.5 million is to support the implementation of the State Government's initiative to provide 100 haemodialysis machines to selected healthcare facilities across Sabah, he said. 'This is a caring effort to help kidney patients receive free treatment near their homes. Another RM11.1 million is to provide aid to victims of fires and floods, support for senior citizens, orphans and the poor, as well as the operation of Disabled Children's Educational Parks. The remaining allocation is proposed for other administrative and operational expenses of the ministry's departments and agencies,' he said. As for other ministries and state departments, an additional RM58 million is proposed to cover, among others, allowances for chairpersons of Village Development and Security Committees (JKKK), amounting to RM15.6 million; the organisation of the 11th SAGA Games in Tawau, amounting to RM8 million; and the remaining RM34.3 million for various administrative, operational and other service-related expenses, said Masidi. As for the additional development estimates 2025, Masidi informed the August House that the Supplementary Statement to the 2025 Development Estimates under Command Paper CMD.2 of 2025 requires an additional provision amounting to RM416,541,291.00, involving 83 expenditure heads under 10 ministries. 'Of this amount, RM224.5 million or 53.9 per cent is proposed under the State Fund, while RM188.5 million or 45.3 per cent will be financed via Federal loans. The remaining RM3.5 million or 0.8 per cent is financing under Federal Reimbursement,' he said. He also informed that the largest allocation under the Supplementary Development Estimates totalling RM254.9 million or 61.2 per cent is proposed for the Sabah Works Ministry to fund projects under the Public Works Department, State Water Department, Sabah Sewerage Services Department and Sabah State Railway Department. 'These include road projects for towns and small municipalities, the Special Water Supply Programme, Sewerage Schemes under local authorities, and railway track repairs. Of this total, RM187.5 million is for projects under Federal loans,' he said. He also mentioned that the second largest allocation totalling RM82.5 million is proposed for the Rural Development Ministry to fund Minor Rural Projects, Rural Poverty Eradication Projects, the Sabah People's Prosperity Housing Programme (RSRS), the Alternative Rural Electricity Supply Programme (BELBA – Solar Street Lighting and Generator Sets), and the Alternative Rural Water Supply Programme (BALBA – Clean Water Supply via Gravity Feed and Tube Wells). An allocation of RM38.5 million is also proposed for the Chief Minister's Department to fund Special Development Projects, Native Customary Rights (NCR) Land Measurement and the Sabah Satellite Positioning Reference Network under the Lands and Surveys Department, as well as upgrades to the Solid Waste Disposal System in Kota Kinabalu, construction of new mosques and religious schools under the Sabah Islamic Affairs Department, he said. Aside from that, an additional RM1 million is allocated to the Sabah Land Development Board to cover Federal loan financing, he said. Also proposed is an allocation of RM17.4 million proposed for the Agriculture, Fisheries and Food Industry Ministry, he said. 'Of this, RM13.9 million is proposed under the State Fund for projects under the Fisheries Department and the Irrigation and Drainage Department. The remaining RM3.5 million is under Federal Reimbursement to finance the Veterinary Diagnostic Laboratory Construction Project in Kinarut under the Veterinary Services and Livestock Industry Department,' Masidi said. An allocation of RM7.7 million is proposed for the Industrial Development and Entrepreneurship Ministry. 'Of this, RM5.7 million is for Site Preparation Projects for Local Vendor Facilities in Salut and Infrastructure Construction in Industrial Zone 7 (IZ7) Phase 3. The remaining RM2 million is for infrastructure development projects in the Sipitang Oil and Gas Industrial Park (SOGIP), including the Extension of Electricity Supply for Street Lighting in Phases 1 and 2,' he said. Additionally, the Youth and Sports Ministry Sabah is proposed RM4.84 million to fund the construction and maintenance of Sabah Sports Complexes, he said. The Ministry of Community Development and People's Wellbeing is proposed RM4.6 million. Projects include the construction of buildings for disabled children education parks, integrated complexes for persons with disabilities and the elderly, and old folks' homes, said Masidi. 'An additional RM2.9 million is proposed for the Tourism, Culture and Environment Ministry to finance the development of Sabah Parks, Tourism Asset Development and upgrades to heritage site facilities under the Sabah Museum Department,' he said. Finally, an allocation of RM2.3 million is proposed for the Local Government and Housing Ministry for landscaping projects and construction of office buildings for local authorities, and for the Ministry of Science, Technology and Innovation for the final payment of the E-Desa Kg Pelakat, Sipitang Project, said Masidi. 'For the information of this August House, the additional provision proposed this year is largely for expenditure to address two key issues – water supply and roads. Of the total Supplementary Estimates proposed in this presentation, RM523.5 million is intended for this purpose. This demonstrates the commitment and seriousness of the State Government in resolving issues constantly raised by the public and politicised by parties with vested interests. (The actual requirement to address water and road issues exceeds RM2 billion annually),' said Masidi. The Bill was passed unanimously after debates.
The Sun
12-06-2025
- Business
- The Sun
VS Industry feels impact of lower sales orders, higher expenses and unfavourable forex
PETALING JAYA: Electronics manufacturing services provider VS. Industry Bhd posted revenue of RM909.4 million for the third quarter ended April 30, 2025 (Q3'25) versus RM1.01 billion in the corresponding period a year ago. Parallel with the top-line performance, Q3'25 net profit stood at RM23.4 million, compared to RM54.4 million in the previous corresponding quarter. The company's performance was affected by lower sales orders from existing customers, higher operating expenses and unfavourable foreign exchange rates. On a quarter-on-quarter (q-o-q) basis, revenue was marginally higher at RM909.4 million compared to RM908.8 million. Nevertheless, Q3'25 net profit jumped 54.5% q-o-q to RM23.8 million from RM15.4 million, driven by lower operating expenses. Meanwhile, the group reported revenue of RM2.93 billion for nine months of FY25 (9M25), compared to RM3.03 billion in the prior year. Net profit for 9M25 was RM69.7 million, compared to RM119.4 million last year. This was attributed mainly to the factors cited above. Net foreign exchange loss in 9M25 stood at RM1.3 million, compared to a net gain of RM28.6 million in the corresponding period last year. Managing director Datuk SY Gan said the global business landscape, already weighed down by subdued consumer sentiment, inflationary pressures, and geopolitical tensions, faced further headwinds and volatility following a series of announcements in early April on revised tariff measures imposed on various trading nations, including Malaysia. 'The announcements resulted in specific customers adjusting their orders in response to the newly imposed tariff measures. The overall order flow situation in Malaysia and Singapore in the near term will be contingent upon the prevailing consumer sentiments and the evolving development surrounding tariff measures, primarily upon expiry of the 90-day grace period in early July 2025. 'Despite this, the group remains engaged with our customers on new product development programmes, and continues to pursue opportunities for recovery in the quarters ahead with the anticipated new model launches by some of our customers.' Meanwhile, Gan said, the group has commenced mass production in the Philippines and the utilisation rate will gradually increase towards the end of the year. 'Despite the external headwinds, we remain positive on the Group's long-term outlook, supported by a resilient customer base, strong vertical integration capabilities, sound financial fundamentals, and prudent cost and risk management,' he added. The board has declared a share dividend by distributing treasury shares on a one-for-every-125 existing ordinary shares basis.
