Latest news with #IndustrialDevelopment
The Star
11 hours ago
- Business
- The Star
SC adds 59 entities to investor alert list in 1Q
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. "In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. "Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed "Bijak Labur, Hidup Makmur'. - Bernama
The Sun
13 hours ago
- Business
- The Sun
SC adds 59 entities to investor alert list in Q1
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. 'In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. 'Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed 'Bijak Labur, Hidup Makmur'.
The Sun
13 hours ago
- Business
- The Sun
SC adds 59 scam names to alert list in Q1 2025
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. 'In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. 'Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed 'Bijak Labur, Hidup Makmur'.
Time of India
13-06-2025
- Business
- Time of India
UP's GCC policy push to turn state into office hub, create 2 lakh jobs
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The UP Cabinet approval of the Uttar Pradesh Global Capability Centres (GCC) Policy will help in establishing the state as a hub for office space and also in generating over 2 lakh high-paying jobs over the next five years, say industry state has announced a 30–50% front-end subsidy on land cost, a 25% capital subsidy up to Rs 10 crore for Level-1 and Rs 25 crore for advanced GCCs , and 100% stamp duty exemption.'The incentives will be based on the performance of the company with a focus on job creation, export growth, and technology innovation. The process of availing the benefits of these incentives will also be streamlined by the state government to reduce the administrative burden on the companies,' said Nand Gopal Gupta Nandi, Minister for Industrial Development, Export Promotion, NRI and Investment Promotion, Government of Uttar experts say that the surge in corporate leasing is being propelled by access to a skilled talent pool, improved infrastructure, metro expansions, new expressways, and the development of large-scale commercial complexes.'The approval by the state cabinet will further accelerate this momentum by transforming the region into a hub for office space and innovation,' said Santosh Agarwal, Executive Director at Alpha approved policy has broadly categorised two kinds of GCCs: Level 1 and Advanced (Unnat) GCCs, depending upon investment and employment policy has defined Level 1 GCCs as those which undertake a minimum capital investment of Rs 15–20 crore or create employment for 100–200 people depending upon the city in (Unnat) GCCs have been defined as those with a minimum capital investment of Rs 50–75 crore and which create employment for at least 300–500 employees depending upon the city.'For the real estate sector, this opens up a significant opportunity to develop world-class office infrastructure, co-working ecosystems, and integrated urban spaces. We foresee a surge in demand for Grade A commercial real estate, complemented by residential and social infrastructure,' said Abhishek Trehan, Executive Director, Trehan government has also provided an interest subsidy of 5% on construction and purchase of plant and machinery; a 20% subsidy on operating expenditure; payroll subsidy up to Rs 20 crore; subsidy on recruitment of new employees; EPFO refund; and support for creation of internship opportunities.'The government's move marks a shift from being a cost-based outsourcing destination to becoming a value-driven global business hub. By addressing core operational levers like infrastructure, talent, and ease of doing business, the policy creates the right environment for multinationals to think long term,' said Yash Garg, Director, M3M state government will also provide technical and regulatory support to GCCs. Under the regulatory support, exemptions will be provided under various Acts for five years, including pollution, maternity, factories, among others.
India Gazette
31-05-2025
- Politics
- India Gazette
Nodal officers appointed for Karnataka Public Schools project
Bengaluru (Karnataka) [India], May 31 (ANI): The state government on Saturday appointed nodal officers to coordinate and expedite the construction of CSR-funded Karnataka Public Schools, as per a release. Commissioner for Industrial Development Gunjan Krishna has been appointed as the coordinating officer, and Karnataka State Industrial Infrastructure Development Corporation and MD Khushboo G Chowdhary have been appointed as the CEO. The two officers will work with various corporates to mobilise CSR funds for the Karnataka Public Schools. The Karnataka Public Schools is a dream project of the DCM to upgrade educational infrastructure in rural schools and provide high quality education to students from rural areas. All the schools would be built with CSR funds from corporates. The decision to appoint nodal officers was taken in view of the slow progress in setting up 2000 Karnataka Public Schools in the state. The two officers will work to expedite the execution of this project. In another move, the Karnataka Chief Minister Siddaramiah issued strong instructions to officials across state during a progress review meeting and stated that districts must work to reduce the percentage of severely malnourished children by at least one percent every year. Addressing the issue of malnourished children, the CM said that although the problem cannot be eliminated overnight due to social challenges, districts must work to reduce the percentage of severely malnourished children by at least 1 per cent every year. He issued this directive to the Deputy Commissioners of Bidar, Vijayanagar, and Ballari. 'There are social reasons why it's not possible to eliminate the issue all at once. Therefore, reducing the percentage by 1 per cent every year can help,' he said. The meeting, attended by ministers and senior bureaucrats, witnessed the CM giving clear directives aimed at improving governance and service delivery. He also emphasised continuous health monitoring of children, including tracking haemoglobin levels, and questioned the lack of visible improvements in nutritional status despite the provision of milk, eggs, and supplements. 'A scientific report must be prepared to understand why there is no progress. Based on that, corrective steps should be taken,' the CM said. (ANI)
