Latest news with #RM11.4
The Sun
5 days ago
- General
- The Sun
Gua Musang receives over RM33 million in welfare aid since 2023
GUA MUSANG: The federal government has allocated over RM33 million in aid through the Social Welfare Department (JKM) in Gua Musang since 2023. Galas assemblyman Mohd Syahbuddin Hashim said the allocation has benefited 2,390 eligible recipients through five welfare schemes, including assistance for persons with disabilities, children, senior citizens, and carers of bedridden disabled and chronically ill. He said that so far this year, more than RM10.7 million has been disbursed to eligible recipients across the Gua Musang parliamentary constituency, while over RM11.4 million and RM11.8 million were channelled in 2023 and 2024 respectively. He said the assistance reflected the federal government's concern for easing the burden of the people, particularly the asnaf (eligible zakat recipients) and persons with disabilities. 'I hope the recipients make the best use of the aid they have received,' he told reporters in Bandar Lama here today.
The Sun
5 days ago
- General
- The Sun
Gua Musang receives over RM33m in welfare aid
GUA MUSANG: The federal government has allocated over RM33 million in aid through the Social Welfare Department (JKM) in Gua Musang since 2023. Galas assemblyman Mohd Syahbuddin Hashim said the allocation has benefited 2,390 eligible recipients through five welfare schemes, including assistance for persons with disabilities, children, senior citizens, and carers of bedridden disabled and chronically ill. He said that so far this year, more than RM10.7 million has been disbursed to eligible recipients across the Gua Musang parliamentary constituency, while over RM11.4 million and RM11.8 million were channelled in 2023 and 2024 respectively. He said the assistance reflected the federal government's concern for easing the burden of the people, particularly the asnaf (eligible zakat recipients) and persons with disabilities. 'I hope the recipients make the best use of the aid they have received,' he told reporters in Bandar Lama here today.
The Sun
19-05-2025
- Business
- The Sun
RTM Langkawi Broadcasting Complex set to be completed in September
LANGKAWI: The construction of the Radio Televisyen Malaysia (RTM) Langkawi Broadcasting Complex in Kuah here is expected to be completed in September, said Communications Minister Datuk Fahmi Fadzil. He said that, so far, he is satisfied with the project's progress, which has reached 49 per cent, since it was taken over by a new contractor in October 2023. 'Two years ago, this project was considered an ailing project. After stern action was taken together with the Public Works Department (JKR) by terminating the previous contractor and appointing a new contractor, we can see today that the progress of this project is encouraging and it is expected to be completed within the stipulated time. '(Then) several matters will be scrutinised, including the issues of internet and equipment, and most importantly the (complex's) overall structure is almost finished and only a few more issues need to be looked into. Congratulations to the Kedah JKR for being able to complete this project,' he said. He told reporters this after a working visit to the RTM Langkawi Broadcasting Complex Project here today. Also present was Communications Ministry secretary-general Datuk Mohamad Fauzi Md Isa. Fahmi also expressed confidence that the project could be completed as scheduled since several things could be done simultaneously. He added that RTM Langkawi previously rented a Tabung Haji-owned premises for about 30 years, with the rental contract renewed from time to time. It is learnt that the new complex project, costing more than RM11.4 million, also involves the construction of a building with, among others, office administration space, guard room, guest room, ICT rooms, meeting rooms, store, surau, cafeteria and parking facilities. The complex will also have broadcast engineering space like a broadcasting and radio recording studio, editing and ingest room, main control room, newsTV studio, multipurpose studio and a radio server room. The project was considered ailing when the previous contractor, who was appointed in March 2021, failed to complete the building project on the 4.0465-hectare site and his services were terminated in 2023. Meanwhile, Fahmi said the ministry's target after this will be to complete the RTM Complex project in Bintulu, Sarawak. 'Instructions have been given to the KSU (ministry secretary-general) to focus on completing the RTM project in Bintulu, together with the tearing down and reconstruction of several RTM staff quarters,' he said.
Barnama
19-05-2025
- Business
- Barnama
RTM Langkawi Broadcasting Complex Set To Be Completed In September
LANGKAWI, May 19 (Bernama) -- The construction of the Radio Televisyen Malaysia (RTM) Langkawi Broadcasting Complex in Kuah here is expected to be completed in September, said Communications Minister Datuk Fahmi Fadzil. He said that, so far, he is satisfied with the project's progress, which has reached 49 per cent, since it was taken over by a new contractor in October 2023. "Two years ago, this project was considered an ailing project. After stern action was taken together with the Public Works Department (JKR) by terminating the previous contractor and appointing a new contractor, we can see today that the progress of this project is encouraging and it is expected to be completed within the stipulated time. "(Then) several matters will be scrutinised, including the issues of internet and equipment, and most importantly the (complex's) overall structure is almost finished and only a few more issues need to be looked into. Congratulations to the Kedah JKR for being able to complete this project,' he said. He told reporters this after a working visit to the RTM Langkawi Broadcasting Complex Project here today. Also present was Communications Ministry secretary-general Datuk Mohamad Fauzi Md Isa. Fahmi also expressed confidence that the project could be completed as scheduled since several things could be done simultaneously. He added that RTM Langkawi previously rented a Tabung Haji-owned premises for about 30 years, with the rental contract renewed from time to time. It is learnt that the new complex project, costing more than RM11.4 million, also involves the construction of a building with, among others, office administration space, guard room, guest room, ICT rooms, meeting rooms, store, surau, cafeteria and parking facilities. The complex will also have broadcast engineering space like a broadcasting and radio recording studio, editing and ingest room, main control room, newsTV studio, multipurpose studio and a radio server room.
New Straits Times
12-05-2025
- Business
- New Straits Times
Hartalega downgraded amid sector uncertainty despite earnings surge
KUALA LUMPUR: Hartalega Holdings Bhd has been downgraded to a "hold" rating from "buy" as analysts grow cautious over the company's near-term prospects amid increasing uncertainty in the global glove industry. Hong Leong Investment Bank Bhd (HLIB Research) has lowered its target price for Hartalega to RM2.16 per share, citing increased uncertainty over the industry's supply-demand equilibrium as it heads into 2026. The new target price is based on a more conservative price-to-earnings (P/E) multiple of 26 times, down from 32 times, applied to the glovemaker's unchanged calendar year 2026 earnings per share (EPS) forecast of 8.3 sen. The revised valuation comes despite Hartalega's stronger-than-expected earnings in the fourth quarter ended March 31, 2025, which came in at 192 per cent of HLIB Research's full-year forecast. Hartalega's core profit after tax and minority interests (PATMI) for the fourth quarter of financial year 2025 (4QFY25) came in at RM11.4 million, representing a significant year-on-year increase of 8.9 times, despite a 54.6 per cent decline compared to the previous quarter. This brought the group's full-year FY25 core PATMI to RM68.6 million—a 4.4-fold jump from the previous financial year—driven by higher-than-anticipated revenue supported by more favourable average selling prices (ASP). "Despite the upbeat results, we maintain our FY26–27 forecasts as we expect the performance in the first quarter of financial year 2026 (1QFY26) to be weighed down by the ringgit's 4.3 per cent appreciation against the US dollar since late April 2025," it said in a note. On a positive note, HLIB Research said the current 145 per cent US tariff on China imports could encourage a gradual demand shift away from vinyl gloves to nitrile rubber gloves, mainly from Malaysian manufacturers, by US buyers. This, it said, could help to absorb the additional rubber glove capacity coming from Chinese players. China dominates the US vinyl glove market with a 70-75 per cent share and has been selling for US$9-10 per 1,000 pieces. However, the imposition of the tariff would drastically inflate the price of Chinese vinyl gloves to US$22-24.5 per 1,000 pieces, which is more expensive than generic nitrile rubber gloves at US$15-16 per 1,000 pieces. "While both vinyl and nitrile gloves are Type 1 allergy-free, nitrile gloves offer superior elasticity and provide a better barrier against contamination. "Moreover, the steep US reciprocal tariffs on Vietnam at 46 per cent and Indonesia at 32 per cent, presently on a 90-day pause, could discourage Chinese glove makers from expanding there," HLIB Research added. RHB Research, meanwhile, said that its late-March sector upgrade has largely materialised, with stocks under its coverage posting gains of 7 to 15 per cent. The firm has maintained a BUY on Hartalega with a revised target price of RM2.83 (from RM3.30), offering 33 per cent upside potential. It noted that Hartalega is currently trading at 1.65 times its 2025 price-to-book value (P/BV), which is 0.3 standard deviations below its three-year historical mean of 1.8 times. The research firm views this valuation as attractive, especially in light of the anticipated earnings recovery in 1QFY26 following the completion of the inventory adjustment cycle. "The management guided that the May orderbook had picked up to 2.3 billion pieces from an average monthly orderbook of 2 to 2.1 billion pieces, with 1QFY26 guided volume to be within the range of 6 to 6.5 billion pieces, indicating a 6 per cent QoQ growth at the higher end of guidance.
