Latest news with #RM992
New Straits Times
2 days ago
- Business
- New Straits Times
Bursa Malaysia slightly firmer at midday on interest in certain heavyweights
KUALA LUMPUR: Bursa Malaysia ended the morning trading session marginally higher, driven by buying interest in selected heavyweight stocks, particularly in the construction and industrial products and services sectors. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.46 points or 0.29 per cent to 1,538.22, from Friday's close of 1,533.76. The benchmark index opened 4.29 points firmer at 1,538.05 and moved between 1,531.28 to 1,539.38 throughout the session. However, the broader market sentiment was slightly negative, with losers outpacing gainers 416 to 396, while 459 counters were unchanged, 1,238 untraded and 44 suspended. Turnover stood at 1.78 billion units worth RM992 million. Malacca Securities said sentiment on Wall Street has improved following recent progress in de-escalating the US-EU trade war, particularly with the new trade deal capping tariffs at 15 per cent. "We believe the positive sentiment may spillover towards stock on the local front, tracking Wall Street's rally. "Given Tenaga Nadiobal Bhd's capital expenditure rollout stretching until year-end and data centre packages expected to be announced over the next two in the second half of 2025," the firm added. Although the recent overnight policy rate cut may directly impact the net interest margin, Malacca Securities said the banking sector commands undemanding valuations. It said the sector is currently trading at an undemanding 10 times price-to-earnings (P/E) ratio, which is notably below its 10-year historical average of 12.2 times. Meanwhile, real estate investment trusts remain attractive given their premium yields over government-backed securities.
The Star
17-06-2025
- Business
- The Star
Mah Sing named in Fortune SEA 500 list for second year
KUALA LUMPUR: Mah Sing Group Bhd has been recognised as one of the region's leading companies, earning a place in the Fortune Southeast Asia 500 List for the second consecutive year. In a statement today, the property developer company said this recognition underscores Mah Sing's continued regional prominence and its proven track record in delivering sustainable growth, operational excellence, and customer-focused developments. Its founder and group managing director Tan Sri Leong Hoy Kum said the recognition is a testament to the team's commitment, the brand's strength, and the confidence customers have in the company. "As we celebrated our 30th anniversary last year, we remain focused on creating value for the Malaysian homebuyers and contributing to the nation's growth through quality developments,' he said. For the financial year ended Dec 31, 2024, Mah Sing recorded a revenue of RM2.52 billion, reflecting the group's ability to navigate market conditions through disciplined execution, strategic product offerings, and a focus on operational efficiency. The company also achieved RM1.01 billion in new property sales during the first five months of 2025, compared to RM992 million achieved in the same period in the preceding year. "This growth is driven primarily by the continued strong take-up of its 'M Series' affordable homes, which offer strategic locations, practical layouts, and competitive pricing to meet the needs of Malaysian homebuyers,' Mah Sing added. - Bernama
New Straits Times
17-06-2025
- Business
- New Straits Times
Mah Sing enters Fortune Southeast Asia 500 list second time
KUALA LUMPUR: Mah Sing Group Bhd has once again been named to the Fortune Southeast Asia 500 list, which recognises the region's largest companies by revenue for the 2024 fiscal year. This marks the second consecutive year the home-grown property developer has earned the accolade, a testament to its sustained regional impact and strong performance in delivering sustainable growth, operational excellence, and customer-focused projects. For the financial year ended Dec 31, 2024 (FY2024), Mah Sing recorded RM2.52 billion in revenue, demonstrating its resilience amid market challenges through disciplined execution, efficient operations, and strategic product offerings. In the first five months of 2025, the group achieved RM1.01 billion in new property sales, up from RM992 million during the same period last year. The growth is largely attributed to continued strong demand for its M Series affordable homes, which are known for practical designs, competitive pricing, and strategic locations. As a home-grown developer, Mah Sing is committed to building homes that meet the needs of Malaysians while continuing to grow sustainably, said the group's founder and group managing director Tan Sri Leong Hoy Kum. Mah Sing has nearly 65 projects across Malaysia and plans to launch over RM3.3 billion worth of new developments in 2025. The group has also maintained a 4-star rating in the Bursa Malaysia ESG Star Rating, ranking it among just six property developers with this recognition. Additionally, it is one of only four listed developers to be included in both the FTSE4Good Bursa Malaysia Index and the FTSE4Good Bursa Malaysia Shariah Index, reinforcing its position as a leader in ESG practices.
Yahoo
03-03-2025
- Health
- Yahoo
Singapore's health minister assures parents who report children for vaping won't face fines
SINGAPORE, March 3 — Children reported by their parents for vaping will not be fined, Minister of State for Health Rahayu Mahzam clarified in Parliament today. According to Channel News Asia (CNA), Rahayu was responding to a question from Member of Parliament Tan Wu Meng (PAP-Jurong), who inquired about the number of vaping cases stemming from parental referrals to the police, as well as the Health Sciences Authority's (HSA) approach to such cases. She noted that over the past two years, the HSA had received between 4,000 and 5,000 cases related to the possession or use of e-vaporisers from the police. However, only one case involved a parent reporting their child for vaping. In that instance, the individual was given a warning rather than a fine and was referred to the Health Promotion Board (HPB) for counselling. Rahayu further clarified that parents concerned about their children vaping could call the HPB QuitLine for a referral to HPB's smoking and vaping cessation service. 'No enforcement action will be taken against the children,' she was quoted as saying by the news portal. In response, Tan shared that one of his residents had discovered their child vaping. Unsure of how to handle the situation, the parent took the child to the nearest police station. The case was then referred to the HSA, and the child was fined S$300 (RM992). Tan noted that the parents were distressed and concerned, fearing that such an approach, though well-intentioned, might discourage other parents from seeking help for their children. Rahayu reassured the House that the authorities had addressed the situation appropriately after Tan raised the issue. She added that, in general, they take a nuanced approach when dealing with cases where parents voluntarily bring their children forward, particularly when there is a genuine intention to help them stop vaping. Rahayu also encouraged MPs to highlight any cases where parents had approached the police and fines were issued.
