Latest news with #Ng
The Star
12 hours ago
- Business
- The Star
Need for third Waste-to-Energy plant in Selangor, says Ng
A THIRD Waste-to-Energy (WTE) plant may be necessary in Jeram if planned facilities cannot manage Selangor's waste volume, says State Government and Tourism Committee Chairman Datuk Ng Suee Lim. Currently, two WTE plants in Jeram are about 80% completed and are expected to be operational next year. Two additional plants are planned in Tanjung Dua Belas, and an Environmental Impact Assessment (EIA) is ongoing for a WTE project in Rawang. Ng said the state needs at least five to six WTE facilities to manage its projected daily waste output of 7,500 metric tonnes effectively. "This number could potentially rise to 10,000 metric tonnes in the future. Currently, the Jeram landfills handle 5,000 metric tonnes of waste per day and are nearing saturation. "The entire landfill site is approaching 202.3 hectares, and we need to use another 80.9 hectares to store the waste. "Such a method is not sustainable, and the WTE approach is touted as the optimal solution, not only for generating clean energy but also for drastically reducing the land required for waste disposal," he said to reporters after launching the New Village Rejuvenation Programme at Kampung Bagan Hailam, Selangor. The two WTE plants in Jeram are expected to handle 3,000 metric tonnes of waste daily, while the rest will still be directed to the landfill. Ng said unlike landfills, which demand substantial maintenance costs, WTE plants offer a more sustainable and economically viable alternative. "Even with WTE technology, a small percentage of waste, around 5%, cannot be incinerated. This material will still be directed to landfills," he said.
The Star
14 hours ago
- Health
- The Star
Selangor ramps up bid to be top medical tourism hub
Selangor local government and tourism committee chairman Datuk Ng Suee Lim. KLANG: Selangor is moving at top speed to strengthen its position as a regional medical tourism hub. State government and tourism committee chairman Datuk Ng Suee Lim said intense promotions have been carried out for the past two years to push Selangor's 42 private hospitals and the world-class health services available here. 'Currently, Selangor is number three after Penang and Melaka in the medical tourism hierarchy. ' According to Ng, Selangor was targeting medical tourists from Indonesia as Malaysia was their destination of choice for second opinions, health screening, cosmetic surgery as well as treatment and surgeries for various ailments. He said affluent Indonesians medical tourists do not usually travel alone, but would bring their families, caregivers and domestic helpers. 'So, while seeking treatment and medical consultation, they also stay in top hotels, visit tourist attractions as well as carry out extensive shopping. 'All these activities are a boon for the state's tourism industry.' Given that medical tourists from Jakarta and Medan prefer going to Penang and Melaka due to the close travel proximity, Ng said in addition to wooing them, Selangor was also exploring other locations in Indonesia. 'We teamed-up with the Malaysia Healthcare Travel Council and have gone to promote Selangor as a medical tourism hub in Surabaya, Yogyakarta and Makassar. 'We had booths to showcase our private hospitals, the facilities and expertise they offer.' He added that in pursuit of Indonesian medical tourists, Selangor has even conceptualised a campaign with its own theme song dubbed Liburan Sehat Ya Di Selangor Aja! (Enjoy a Healthy Vacation in Selangor!) in conjunction with Visit Selangor Year 2025 and Visit Malaysia 2026. He said this was also a good time to woo Indonesian medical tourists who frequent Singapore but are finding it too expensive now due to the strength of the republic's currency. He added that due to intense promotions, medical tourists to Selangor has increased by more than 10% in the first six months of this year. Association of Private Hospitals Malaysia president Datuk Dr Kuljit Singh said medical tourists came to Malaysia mainly for fertility, gastroenterology and oncology treatments. He added that roughly about 80% came for treatment while the rest came for health screening with the bulk of the medical tourists coming from Indonesia, China and India.
Business Insider
14 hours ago
- Business
- Business Insider
CFRA upgrades Yara International (0O7D) to a Hold
Yara International received a Hold rating and a NOK400.00 price target from CFRA analyst Adrian Ng today. The company's shares closed yesterday at NOK387.86. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Ng is a 2-star analyst with an average return of 1.6% and a 54.05% success rate. Ng covers the Communication Services sector, focusing on stocks such as Royal KPN NV, Proximus, and United Internet. Currently, the analyst consensus on Yara International is a Hold with an average price target of NOK386.50, a -0.35% downside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a NOK400.00 price target. Based on Yara International's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of NOK3.61 billion and a net profit of NOK294 million. In comparison, last year the company earned a revenue of NOK3.3 billion and had a net profit of NOK18 million
Daily Express
17 hours ago
- Business
- Daily Express
Suria Capital refutes claims concerning ferry terminal
Published on: Saturday, July 19, 2025 Published on: Sat, Jul 19, 2025 By: Jonathan Nicholas Text Size: Ng (middle) with Phoon on her right and Saidi beside Phoon during the press conference yesterday. Kota Kinabalu: There is no reason for Suria Capital Holdings Berhad to change management and operations at the Jesselton Point Ferry Terminal (JPFT), especially with a long-term vision of redeveloping the old Kota Kinabalu Port into a vibrant and integrated waterfront destination. Managing Director Datuk Ng Kiat Min refuted reports that suggested a transfer of operational control to Easybook, as well as a mistaken association with Suria Sabah, a privately-owned shopping mall in Kota Kinabalu. Advertisement 'Suria Capital Holdings Berhad would like to emphasise that the Suria Sabah mall is not affiliated in any way with the company. The two entities are entirely distinct and unrelated. 'The JPFT is operated exclusively by Suria Bumiria Sdn Bhd, a wholly-owned subsidiary of Suria Capital Holdings Berhad, and not by Suria Sabah or any other party,' she stressed. Group Chief Financial Officer Phoon Wai Wah said all 23 passenger operators at Jesselton Point have largely benefited from the transition to the Easybook system which eliminated monopoly. 'Previously, smaller businesses were marginalised, but now the fares are standardised. There is no increase to the terminal fee and we plan to implement more controls to avoid illegal activities as well as digital tagging for sustainability of the six islands. 'We categorically refute the claims made concerning the transfer of operational management and allegations of sudden increases in terminal fees. These statements are not only inaccurate, but also damaging to the integrity and sustainability of Sabah's tourism sector,' he said. Phoon said the group is also considering legal action against the perpetrators, suspecting them to be politically motivated. Tour operator Saidi Yusop, said the system brought the smaller fries justice, quadrupling profits from RM3,000 to RM13,000 per week. 'We would be eaten up by touts during the old system. When tourists arrive they would aggresively approach with prices we cannot match. The worst part is there are many incidents where the passengers are abandoned on the island,' he said. Easybook has been appointed solely as the ticketing platform for the Centralised Terminal Ticketing (CTT) system, which facilitates offline ticket transactions to nearby islands. Jesselton Point terminal meanwhile is the main point to six islands surrounding Kota Kinabalu. Ng said the initiative represents not only a strategic use of valuable land assets but their commitment to supporting Sabah's broader vision for urban renewal, tourism and economic diversification. 'A central element of this waterfront revitalisation is the proposed New Ferry Terminal Complex which is of international standard, which will be seamlessly integrated within the proposed Jesselton Docklands masterplan. 'To facilitate the redevelopment, the current ferry operation at Jesselton Point will be temporarily relocated to South Jetty by the end of 2025. 'This interim facility at the South Jetty will maintain island connectivity for around five-six years while the permanent terminal is being developed within the Docklands complex. 'This entire redevelopment effort is not just a property project. It is a strategic transformation initiative beneficial to the State,' she said. Suria Capital is a public-listed government-linked company (GLC), with 51pc equity held by the State Government and 49pc by public shareholders. The Group's primary business is in port operations, undertaken through Sabah Ports Sdn Bhd. which manages eight major ports across Sabah. * 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
Business Insider
17 hours ago
- Business
- Business Insider
Jefferies Sticks to Its Buy Rating for TopBuild (BLD)
Jefferies analyst Philip Ng maintained a Buy rating on TopBuild today and set a price target of $425.00. The company's shares opened today at $367.54. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Ng is a 5-star analyst with an average return of 9.9% and a 56.94% success rate. Ng covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, Packaging, and Ball. In addition to Jefferies, TopBuild also received a Buy from Goldman Sachs's Susan Maklari in a report issued on July 15. However, on July 11, Truist Financial maintained a Hold rating on TopBuild (NYSE: BLD). The company has a one-year high of $495.68 and a one-year low of $266.26. Currently, TopBuild has an average volume of 391.4K. Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLD in relation to earlier this year. Last month, Nancy Taylor, a Director at BLD sold 125.00 shares for a total of $35,721.25.
