Latest news with #RM6.2
Malaysian Reserve
07-07-2025
- Business
- Malaysian Reserve
Malaysia suffers over RM7.5m in business email scam losses since 2023
KUALA LUMPUR — Malaysia recorded over RM7.5 million in losses due to business email compromise (BEC) scams between 2023 and the first half of 2025, according to Kaspersky. In a statement today, the global cybersecurity and digital privacy company reported that Malaysia also recorded 64,778 phishing attempts targeting local companies, averaging more than 5,300 incidents per month in 2024 – the third-highest in Southeast Asia, behind Thailand (247,560) and Indonesia (85,908). 'While BEC attacks may start with phishing to compromise an email account, the follow-up attack takes a different form – it relies heavily on social engineering to bypass technical defences and exploit human trust. 'Cyber criminals often study their targets in advance, craft convincing emails that prompt recipients to transfer funds, send sensitive data or buy gift cards that contain no suspicious links or malware, making them easier to mistake as legitimate instructions from a chief executive officer, vendor or colleague,' it said. Kaspersky also noted that local headlines in recent years have highlighted reported BEC cases that have proven financially devastating, with losses per incident ranging from RM250,000 to RM6.2 million, affecting victims from various sectors, including logistics, manufacturing, and kitchenware. Its managing director for Asia Pacific, Adrian Hia, said the real danger of BEC scams lies in their simplicity – just well-timed emails designed to exploit trust, routine and a moment of human error. 'Cybersecurity today must go beyond detection; it is about anticipation, helping businesses to spot the unusual in what seems normal and helping their stakeholders build cybersecurity habits that hold up under pressure,' he said. To avoid falling victim to BEC scams, Kaspersky advised using strong, unique passwords, enabling two-factor authentication, investing in security tools with anti-BEC features, training staff to spot social engineering, limiting the public exposure of company hierarchies and key staff contacts, and always verifying suspicious emails through a separate communication channel. — BERNAMA
Barnama
06-07-2025
- General
- Barnama
RM2.4 Million Allocated For Artificial Reef Deployment In Six States
PASIR PUTEH, July 6 (Bernama) – The Malaysian Fisheries Department has allocated RM2.4 million this year for the deployment of 74 artificial reefs across six states as part of its ongoing marine conservation efforts. Deputy director-general of Malaysian Fisheries (Development), Datuk Azahari Othman said the states involved are Kedah, Perak, Melaka, Pahang, Terengganu and Kelantan. He said artificial reef initiatives are a key strategy in marine conservation with direct benefits to both the fishing community and the ecosystem, ultimately boosting national seafood production. 'According to a 2020 study by the Southeast Asian Marine Resources Institute (ISMAT), a single artificial reef structure supports an estimated fish biomass of 129 kilogrammes. The overall economic value of the 74 reefs deployed this year is estimated at RM6.2 million. "Fishermen have reported encouraging results, with some experiencing up to a 90 per cent increase in catch due to the artificial reef programme," he said at the Artificial Reef Docking Programme held in Tok Bali waters here today. Azahari said 12 artificial reef structures have been deployed in Kelantan this year alone. Each unit, made of reinforced concrete, weighs 15 tonnes and measures 2.6 metres high by 2.5 metres in width and length. Since 2007, a total of 312 artificial reef units have been deployed in Kelantan waters, covering the districts of Tumpat, Kota Bharu, Bachok and Pasir Puteh, with a cumulative investment of RM6.26 million. The types of reefs used include soft-base reefs, soft-base reefs with trawl net barriers, recreational reefs, and steel reefs. These are classified into two categories, conservation reefs and recreational reefs. 'Conservation reefs are designed to protect and support marine life within Marine Park areas, while recreational reefs support regulated fishing activities outside the parks,' he added
The Sun
06-07-2025
- General
- The Sun
RM2.4m artificial reefs boost marine life in six Malaysian states
PASIR PUTEH: The Malaysian Fisheries Department has set aside RM2.4 million this year to deploy 74 artificial reefs across six states as part of its marine conservation strategy. The initiative aims to enhance fish populations and support local fishing communities while strengthening the marine ecosystem. Datuk Azahari Othman, Deputy Director-General of Malaysian Fisheries (Development), confirmed the states involved are Kedah, Perak, Melaka, Pahang, Terengganu, and Kelantan. He highlighted the dual benefits of artificial reefs, stating they not only conserve marine biodiversity but also increase seafood production. A 2020 study by the Southeast Asian Marine Resources Institute (ISMAT) found that each artificial reef structure supports approximately 129 kilogrammes of fish biomass. With 74 reefs deployed this year, the total economic impact is estimated at RM6.2 million. Fishermen have reported significant improvements, with some experiencing up to a 90 per cent increase in catch volumes. 'The artificial reef programme has shown encouraging results for both marine life and fishing communities,' Azahari said during the Artificial Reef Docking Programme in Tok Bali waters. In Kelantan alone, 12 artificial reef units have been installed this year. Each structure, made of reinforced concrete, weighs 15 tonnes and measures 2.6 metres in height and 2.5 metres in width and length. Since 2007, Kelantan has received 312 reef units across Tumpat, Kota Bharu, Bachok, and Pasir Puteh, with a total investment of RM6.26 million. The reefs are categorised into conservation and recreational types. Conservation reefs protect marine life within Marine Park areas, while recreational reefs facilitate regulated fishing outside these zones. Different designs include soft-base reefs, trawl net barriers, and steel reefs, each serving specific ecological and economic purposes. - Bernama
The Sun
02-07-2025
- Business
- The Sun
Johor Corp posts strong revenue, earnings growth
KUALA LUMPUR: Johor Corporation (JCorp) and its group of companies announced consolidated financial results for the financial year ended Dec 31, 2024 (FY24), recording revenue of RM6.96 billion, a 12% increase from RM6.2 billion in FY23. In a statement yesterday, JCorp said the performance reflects continued momentum under the JCorp 3.0 Reinvention Plan, which is reshaping the organisation into an impact-led, value-driven Investment Holding Corporation. FY24 saw stronger contributions across key verticals, supported by focused capital allocation, portfolio optimisation, and operating model improvements. Profit before tax rose to RM718 million – exceeding the FY23 results by 19%. This was supported by contributions particularly from the agribusiness and wellness and healthcare divisions, value unlocking through strategic asset disposals, and tighter cost control across the group. KPJ Healthcare Bhd (KPJ) recorded a revenue of RM3.92 billion in FY24, marking a 15% year-on-year growth, driven by continued patient trust in our 'Care for Life' patient-centric approach. Net profit rose to RM407.2 million, underpinned by improved margins, enhanced operational efficiency and prudent financial management. The group's agribusiness vertical, led by Kulim (Malaysia) Bhd (Kulim) through its core investee company JPG, recorded RM1.61 billion in revenue – an 18% increase from the previous year. Plantation operations contributed 95% of segment revenue, while the remaining came from the agrofood division. Net profit from continuing operations stood at RM242.7 million, supported by improved commodity pricing and sustained cost efficiency. The group also recognised a one-off loss of RM129 million from the divestment of its discontinued operation segment, resulting in total net profit of RM113.5 million for FY24. JLand Group achieved a remarkable RM1.3 billion in revenue for the year 2024 – a strong 9% increase compared to the year 2023. This growth was primarily driven by contributions from its property development and integrated community solutions segments. Overall, the group delivered a commendable performance, recording RM205.81 million in profit before tax and RM157.8 million in net profit. These results reflect the group's solid operational execution and effective cost management, underscoring its resilience and strong fundamentals. JLand Group's financial results are on a proforma basis, pending the completion of JLand Group's internal restructuring. QSR Brands (M) Holdings Bhd, operator of KFC and Pizza Hut across Malaysia and the region, recorded RM3.53 billion in total revenue – RM3.23 billion from continuing operations. At the holding level, JCorp recorded RM759 million in revenue and RM634 million in net profit. This included RM425.82 million in dividend income – primarily from Kulim (RM356.42 million) and KPJ (RM64.95 million) and RM223.47 million in proceeds from industrial land sales. The results underscore stronger asset performance and deliberate capital recovery actions taken during the year. As of Dec 31, 2024, JCorp's total Assets Under Management stood at RM24.5 billion. JCorp president and CEO Datuk Syed Mohamed Syed Ibrahim said as they continue to play their role as responsible stewards, their focus remains on building institutions that drive long-term impact. JCorp said it enters FY25 with renewed emphasis on creating value and enabling sustainable communities in line with its commitment to Membina & Membela. This entails scaling AI and digital integration, advancing strategic sectors such as agribusiness and healthcare, and deepening collaboration across the public and private ecosystem. A key priority is to strengthen executional excellence in order to deliver long-term value while reimagining the next phase of growth for Johor and the nation.
New Straits Times
24-06-2025
- Business
- New Straits Times
SSF Home's Q4 net profit falls 5pct on margin pressure
KUALA LUMPUR: SSF Home Group Bhd posted a five per cent drop in net profit to RM5.8 million for the fourth quarter ended April 30, 2025, from RM6.2 million a year earlier, dragged by a lower gross profit margin. Quarterly revenue edged up 0.7 per cent to RM50.9 million, supported by sales from newly opened outlets. For the full year, net profit fell 17.8 per cent to RM5.9 million from RM7.2 million, as revenue slipped four per cent to RM152.5 million from RM158.9 million due to weaker overall sales. The company expects rising production and logistics costs from the expanded Sales and Service Tax, inflationary pressures, and slower global growth amid geopolitical tensions and trade negotiations with the United States. However, it expressed confidence in adapting through strategic pricing, improved cost efficiency, and strong supply chain partnerships. "The group remains committed to strengthening its retail positioning through value-for-money offerings, strategic pricing, and product innovation that align with evolving consumer preferences. "In line with our rebranding efforts, SSF Home is focused on delivering affordable and practical home living solutions, supported by refreshed store formats and enhanced customer experience," it said in a bourse filing. Executive director Lok Kok Khong said the group remained focused on executing its strategic plans despite a tough operating landscape. "This includes expanding into major urban areas, enhancing the retail experience, and staying in tune with shifting consumer preferences," he said.
