Latest news with #KTP
Barnama
9 hours ago
- Barnama
APAD Suspends Express Bus Operator's Licence Over Viral Reckless Driving Video
KUALA LUMPUR, June 23 (Bernama) -- The Land Public Transport Agency (APAD) has decided to suspend the public service vehicle operator's licence of Star Mart Express Sdn Bhd for 30 days from July 3, following a viral video showing one of its express bus drivers driving recklessly on June 12. In a statement today, APAD also said the permit for the express bus bearing registration number ALA 6666 will be revoked effective Aug 7. The agency said the action was taken after an investigation found that Star Mart Express Sdn Bhd had failed to comply with Section 22(1)(b)(iii) of the Land Public Transport Act 2010 (Act 715), which concerns the conduct of drivers and conductors of public service vehicles. 'Other offences include violating Section 23(1)(b), which requires licensed operators and their employees to give the highest priority to the safety of passengers and road users. 'There was also a breach of Paragraph 7 under the General Conditions of the Service Level Agreement (KTP), which requires licensed operators to ensure that their employees and drivers behave appropriately while on duty,' the statement read. The statement added that during the suspension period, the operator is prohibited from operating or providing any services using vehicles under the said licence. The agency said Section 27 of Act 715 provides for the suspension or revocation of a licence in the event of a breach of any of its conditions. 'No transactions related to the affected licence will be considered while the suspension is in force. The suspension will only be lifted upon written confirmation from APAD,' it said. APAD also stressed that it will not hesitate to take stern action against any company or licence holder found to have breached regulations or laws.
The Sun
10 hours ago
- The Sun
Star Mart Express bus licence suspended over reckless driving
KUALA LUMPUR: The Land Public Transport Agency (APAD) has suspended the public service vehicle operator's licence of Star Mart Express Sdn Bhd for 30 days from July 3, following a viral video showing one of its express bus drivers driving recklessly on June 12. In a statement today, APAD also said the permit for the express bus bearing registration number ALA 6666 will be revoked effective Aug 7. The agency said the action was taken after an investigation found that Star Mart Express Sdn Bhd had failed to comply with Section 22(1)(b)(iii) of the Land Public Transport Act 2010 (Act 715), which concerns the conduct of drivers and conductors of public service vehicles. 'Other offences include violating Section 23(1)(b), which requires licensed operators and their employees to give the highest priority to the safety of passengers and road users. 'There was also a breach of Paragraph 7 under the General Conditions of the Service Level Agreement (KTP), which requires licensed operators to ensure that their employees and drivers behave appropriately while on duty,' the statement read. The statement added that during the suspension period, the operator is prohibited from operating or providing any services using vehicles under the said licence. The agency said Section 27 of Act 715 provides for the suspension or revocation of a licence in the event of a breach of any of its conditions. 'No transactions related to the affected licence will be considered while the suspension is in force. The suspension will only be lifted upon written confirmation from APAD,' it said. APAD also stressed that it will not hesitate to take stern action against any company or licence holder found to have breached regulations or laws. The agency urged the MADANI community to report any misconduct or legal violations by public transport service providers or licence holders via the Transport Ministry complaints hotline at 1-800-88-7723 or via WhatsApp at +6019-290 7723. On June 12, a video went viral on social media showing an express bus driver speeding dangerously in the right lane, putting other road users at risk.
The Star
12 hours ago
- The Star
Apad suspends express bus operator's licence over viral reckless driving video
KUALA LUMPUR: The Land Public Transport Agency (Apad) has suspended the public service vehicle operator's licence of Star Mart Express Sdn Bhd for 30 days from July 3, following a viral video showing one of its express bus drivers driving recklessly on June 12. In a statement Monday (June 23), Apad also said the permit for the express bus bearing registration number ALA 6666 will be revoked effective Aug 7. The agency said the action was taken after an investigation found that Star Mart Express Sdn Bhd had failed to comply with Section 22(1)(b)(iii) of the Land Public Transport Act 2010 (Act 715), which concerns the conduct of drivers and conductors of public service vehicles. "Other offences include violating Section 23(1)(b), which requires licensed operators and their employees to give the highest priority to the safety of passengers and road users. "There was also a breach of Paragraph 7 under the General Conditions of the Service Level Agreement (KTP), which requires licensed operators to ensure that their employees and drivers behave appropriately while on duty," the statement read. The statement added that during the suspension period, the operator is prohibited from operating or providing any services using vehicles under the said licence. The agency said Section 27 of Act 715 provides for the suspension or revocation of a licence in the event of a breach of any of its conditions. "No transactions related to the affected licence will be considered while the suspension is in force. The suspension will only be lifted upon written confirmation from Apad," it said. Apad also stressed that it will not hesitate to take stern action against any company or licence holder found to have breached regulations or laws. The agency urged the public to report any misconduct or legal violations by public transport service providers or licence holders via the Transport Ministry complaints hotline at 1-800-88-7723 or via WhatsApp at +6019-290 7723. On June 12, a video went viral on social media showing an express bus driver speeding dangerously in the right lane, putting other road users at risk. - Bernama
Finextra
12-06-2025
- Business
- Finextra
Finastra upgrades KTP treasury platform
Finastra, a global leader in financial services software, today announced enhancements to its KTP treasury management software. 0 The new functions enable corporate treasurers to execute front-to-back trades fully within the system, as opposed to needing to access multiple tools, driving greater efficiencies including faster time to market, simpler user experience, as well as error reduction. Eric Aillet, Principal Product Manager at Finastra said, 'In today's complex environment, treasurers need simple solutions to manage day-to-day operations. The updates to our Finastra KTP Corporate Treasury Innovation solution take full advantage of Finastra's advanced technology stack and first-hand feedback from former treasurers, empowering our customers with a system which champions a proactive approach to treasury management.' Treasurers benefit from an end-to-end management solution, removing the need to juggle individual functions from multiple systems (including execution, position keeping, and confirmation matching). Natively integrated with 360T and Finastra CMS, users can configure workflows to automate the processes from deal execution through to confirmation and settlement. The cloud-enabled platform now includes web-based, real-time dashboards, designed to support treasurers day-to-day with a consolidated view of liquidity and financial positions, offering a more intuitive and simpler user experience and providing greater consistency across geographies. Based on a responsive design, the solution is inherently business process-oriented, reducing the learning curve. The dashboard updates also contribute to reliability, providing monitoring tools for error management. For example, with Finastra technology the risk of accidentally inverting the direction of a transaction is dramatically reduced, as is the risk of double entries, inherent when multiple systems are in play. A dashboarding engine delivers an easy-to-configure report engine, integral for customizing decision-making and managerial reports. With compliance also being an important consideration, the KTP platform includes the ability for treasurers to check directly with the front-office to ensure best execution. The enhancement is part of Finastra's ongoing commitment to helping its corporate treasurer customers meet changing market demands.
