Latest news with #RM7.9
Borneo Post
16-06-2025
- Borneo Post
Masterminds arrested in Sarawak's largest drug trafficking syndicate bust, RM8.5 mln in seizures
Mancha points to one of the items seized from the suspects as Zulkipli (second left), Mustafa (second right) and others look on. SIBU (June 16): Police have successfully busted the largest drug trafficking syndicate in Sarawak's history with the arrest of a married couple on June 12 and 13, said Sarawak Police Commissioner Dato Mancha Ata. He said the suspects were arrested in raids at three separate locations, namely beside a shop in Jalan Pedada and two terrace houses in Lorong Permai Jaya here. 'The couple are suspected of being involved in drug trafficking activities. 'The arrests led to the seizure of a large amount of drugs worth RM532,934 involving 7,000g of syabu and some Eramin 5 pills. This amount of drugs can be used by about 49,702 drug addicts,' he said during a press conference at Wisma Pengaman in Sibu District Police Headquarters here today. Mancha said that police also seized various assets believed to be proceeds from the syndicate's illegal activities, estimated to be worth RM7.9 million. 'The assets included cash totaling RM5.1 million, four gold bars, two gold necklaces, three Rolex watches, two luxury cars and a saloon car with the total seizure worth of RM8.5 million which is the largest amount ever recorded in Sarawak. 'Among other items that were also seized for investigation purposes include identity cards, house keys, and drug packaging equipment,' he added. Mancha said initial investigations revealed the couple were the masterminds of a drug trafficking syndicate operating in the Sibu area, believed to have been active since 2015. He added that the drugs were obtained from Peninsular Malaysia and sent via courier services for distribution in the local market in Sibu. 'Urine test results showed both suspects tested negative for drugs and had no prior criminal records. 'The case is being investigated under Section 39B of the Dangerous Drugs Act 1952, which provides for a death sentence or life imprisonment and not less than 12 strokes of whipping if not sentenced to death. 'Both suspects have been remanded for seven days from June 13 to 20 to assist in further investigations,' he said. Mancha said police are now actively pursuing other members of the syndicate to ensure it is fully crippled. 'The Royal Malaysia Police, especially the Narcotics Criminal Investigation Department (NCID), remain committed and determined to combat drug trafficking activities which are the country's main enemy,' he said. The public is urged to channel any information related to drug abuse or trafficking by contacting the NCID hotline at 012-2087222. Also present were Sarawak NCID chief ACP Mustafa Kamal Gani Abdullah and Sibu police chief ACP Zulkipli Suhaili.
BusinessToday
29-05-2025
- Business
- BusinessToday
SunCon Secures RM1.15 Billion Data Centre Contracts From US Multinational
Sunway Construction Group Berhad announce that its wholly-owned subsidiary has accepted Works Orders from a multinational technology company headquartered in the United States for the provision of General Contractor works for two data centre projects totaling RM1.155 billion. The Group expects these projects to contribute positively to the Group's earnings for the current and subsequent financial years, with completion targeted for the first quarter of 2027. Sunway Construction has secured RM3.5 billion worth of new orders to date, accounting for more than half of its 2025 order book replenishment target range of RM4.5 billion to RM6.0 billion. As a result, its total outstanding order book has risen to RM7.9 billion. Related
New Straits Times
29-05-2025
- Business
- New Straits Times
Sunway Construction lands RM1.15bil data centre jobs for big US firm
KUALA LUMPUR: Sunway Construction Group Bhd's subsidiary Sunway Construction Sdn Bhd has been hired by a big US-based technology company to build two data centres totaling RM1.15 billion. Sunway Construction, in a statement, said the projects are expected to contribute to its earnings for the current and subsequent financial years, with completion targeted for the first quarter of 2027. Sunway Construction has so far secured RM3.5 billion of new orders, accounting for more than half of its 2025 order book replenishment target range of RM4.5 billion-RM6 billion. As a result, its total outstanding order book has risen to RM7.9 billion. Sunway Construction group managing director Liew Kok Wing said the new projects expand its order book for the year and fortify earnings visibility over the next two years. "Our strong performance in the first quarter of 2025 reflects the sustained momentum across our operations. "We are confident that this positive momentum will continue in the current financial year, underpinned by accelerated progress on data centre projects and a robust outstanding order book, including newly-secured projects," he added.
The Sun
29-05-2025
- Business
- The Sun
Paragon Globe Q4 profit soars to RM71.1m on strong land sales, property uptake
JOHOR BAHRU: Paragon Globe Bhd, a main market-listed property developer on Bursa Malaysia, achieved a substantial increase in revenue to RM151.5 million for the fourth quarter (Q4) ended March 31, 2025 (FY25), compared to RM7.9 million in the same quarter last year. Robust property development activities, significant land disposals, and effective operational management primarily drove the group's impressive performance. Profit before tax surged to RM71.1 million from RM2.0 million, with net profit attributable to the owners of the parent rising to RM53.4 million, a significant increase from RM1.3 million in Q4 FY24. The group's annual financial performance similarly showed exceptional growth. Revenue for FY25 rose significantly to RM306.3 million, an increase of more than 500% compared to RM51.0 million recorded in FY24. Profit before tax for the year increased significantly to RM140.2 million from RM0.8 million in the previous year. Net profit attributable to the owners of the parent reached RM105.6 million, making a remarkable turnaround from the net loss of RM1.2 million in FY24. Commenting on the results, Paragon Globe executive chairman Datuk Sri Edwin Tan Pei Seng said this year's outstanding financial performance underscores the strength of the company's strategic initiatives, prudent land bank optimisation, and diligent execution by the management team. 'The significant increase in our revenue and profitability highlights our successful execution of high-value land sales in Desa Cemerlang and strong market reception for our property developments in Pekan Nenas, Johor,' he said in a statement. The property development segment remained the group's primary revenue contributor, delivering RM151.5 million in Q4 FY25 and RM306.2 million for the full financial year. This impressive growth was primarily driven by strategic land sales and encouraging take-up of detached factories and shop offices. Paragon Globe also made significant progress on its sustainability agenda, signing a memorandum of collaboration with GreenRE Sdn Bhd in April 2025. This strategic collaboration will enable the group to adopt GreenRE's recognised certification standards, reinforcing its commitment to sustainable and responsible development in alignment with national ESG goals. 'We remain optimistic about the prospects ahead, particularly given Johor's accelerating development initiatives such as the Johor-Singapore Rapid Transit System and the Johor-Singapore Special Economic Zone. 'These initiatives are anticipated to stimulate economic activity and the property market, presenting substantial opportunities for our upcoming residential and industrial projects,' Tan said. Paragon Globe is firmly focused on sustaining its growth momentum by leveraging strategic opportunities, upholding disciplined financial management, prioritising sustainability, and delivering high-impact developments. With a solid project pipeline and continued market interest, the group is well-positioned to generate strong financial performance and long-term value for its shareholders and stakeholders.
New Straits Times
21-05-2025
- Business
- New Straits Times
DC Healthcare narrows losses, posts higher revenue in Q1
KUALA LUMPUR: DC Healthcare Holdings Bhd's net loss narrowed to RM839,000 in the first quarter ended March 31, 2025 (1QFY25) from a net loss of RM7.9 million a year earlier. This is supported by a higher gross profit of RM9 million, a significant increase from RM1.22 million last year. Its revenue jumped 89 per cent to RM17.9 during the period from RM9.45 million previously, driven by higher redemption rates for aesthetic services and improved cash sales collection due to strong consumer interest in aesthetic treatments and expanding service capacity. The aesthetic segment contributed RM14.86 million or 83 per cent of total revenue, representing a 104 per cent increase from RM7.27 million in a year ago. Featured Videos Managing director Dr Chong Tze Sheng said the improvement reflects the company's dedication to enhancing treatment offerings, improving operational execution and expanding market access. "DC Healthcare remains focused on delivering sustainable growth through several strategic pillars. "The company is strengthening its brand ecosystem by integrating Dr Chong Clinic, Dr Chong Slimming and NewB Premium Skincare, while broadening its skincare product portfolio to capture a larger share of the aesthetic and wellness market," he said in a statement. DC Healthcare is also enhancing patient engagement by introducing artificial intelligence-assisted skin analysis and personalised treatment plans, aimed at optimising treatment outcomes, improving service quality, and driving customer retention.
