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Borneo Post
3 days ago
- Borneo Post
Op Hazard Sarawak: 20 arrested, RM19.6 mln in e-waste seized
Enforcement personnel at one of the raided premises. – GOF Sarawak photo KUCHING (June 18): Twenty persons were detained and over RM19.6 million worth of electronic waste and equipment were seized during Op Hazard 2.0 Sarawak raids conducted statewide on June 16. The operation was led by the General Operations Force (GOF) in collaboration with the Immigration Department, local councils, Department of Environment and police. GOF Sarawak Brigade deputy commander ACP Rosdi Inai said two raids were conducted here, one each in Kota Samarahan and Sibu, and two in Bintulu. 'From 10am to 9pm on June 16, we successfully detained 13 locals, including one woman aged between 24 and 58, as well as seven foreign nationals aged between 21 and 32. 'Further inspections uncovered various types of unprocessed e-waste, scrap materials, and equipment believed to be used to dismantle electronic components to extract precious metals such as gold, silver, and copper,' he said in a statement today. He added that the illegal activities were believed to have been carried out covertly in remote areas to avoid detection by the authorities, with the extracted materials then sent to Peninsular Malaysia for further processing. 'Stern action will be taken as this activity not only violates the law but also poses significant threats to the environment and public safety,' he said. The case is being investigated under several laws, including the Environmental Quality Act 1974, Immigration Act 1959/63, Scrap Metal Act 1946, and relevant local authority by-laws concerning hygiene. Rosdi said GOF Sarawak remains committed to working closely with relevant agencies to combat environmental crimes and ensure greater compliance with the law. He said from Jan 1 up until today, GOF Sarawak has recorded 228 cases with total seizures amounting to RM284.7 million, involving 340 arrests and 189 seized vehicles.
Barnama
29-05-2025
- Business
- Barnama
Edgenta Eyes Recovery As International Wins Set To Offset Q1 Challenges
KUALA LUMPUR, May 29 (Bernama) -- UEM Edgenta Berhad ('UEM Edgenta'), a regional leader in Asset Management and Infrastructure Solutions, today announced its unaudited financial results for the first quarter ended 31 March 2025 ('Q1 FY2025'), reporting a Loss Before Tax (LBT) of RM11.8 million, compared to a Profit Before Tax (PBT) of RM19.6 million in the same period last year. Revenue stood at RM646.1 million, a 4.6% decrease from RM677.6 million in Q1 FY2024. The performance was primarily affected by higher operational costs, particularly in manpower, as well as the completion of several one-off contracts and cyclical factors. Despite these headwinds, UEM Edgenta is seeing positive momentum from its international operations, which are expected to support performance moving forward. The Group's operations in Saudi Arabia and the UAE achieved a strong 24% year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities. In Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging orderbook, while additional wins in Taiwan (RM328.7 million) are also supporting the Group's efforts
New Straits Times
27-05-2025
- Business
- New Straits Times
Critical Holdings charts path to Main Market amid strong earnings and sector growth
KUALA LUMPUR: Critical Holdings Bhd is preparing for a leap to the Main Market of Bursa Malaysia, buoyed by impressive third-quarter financial results for the period ended March 31, 2025 (3QFY25) and growing confidence from shareholders. Non-independent executive director and chief executive officer Tan Si Lim said the group's upward trajectory is supported by sustained demand across high-growth sectors, including semiconductors, electric vehicles (EVs), and data centres. He noted that national policies such as the National Semiconductor Strategy and targeted incentives from the Ministry of Investment, Trade and Industry are creating a favourable ecosystem for technology-driven companies like Critical Holdings. "At the same time, global developments, including the 90-day suspension of tariffs and supply chain realignments, are opening up new avenues for agile, solutions-driven providers," he said. Critical Holdings reported a net profit of RM19.6 million for the cumulative nine months ended 3QFY25, a 59.9 per cent surge from RM12.3 million recorded in the same period last year, according to its latest financial report. The strong performance was driven primarily by a substantial increase in revenue from its mechanical, electrical and process utilities engineering solutions segment. For the third quarter, the group posted a profit after tax of RM10.06 million, up from RM2.78 million in the previous year's corresponding quarter. Revenue for the quarter surged 49.3 per cent year-on-year to RM97.6 million, up from RM65.4 million, largely due to the strong delivery of engineering solutions for cleanrooms, plant plantrooms, and data centres. With an order book of RM282 million and recent regional expansion into Johor, the company is poised to tap into the fast-growing tech ecosystem in Malaysia. "We are seeing increased industrial activity and investor interest in key regions like Johor, Batu Kawan and Kulim, which points to a strengthening of Malaysia's semiconductor value chain. "With our strong capabilities and expanding reach, Critical Holdings is well-positioned to capture these opportunities and deliver sustainable value to our stakeholders," Lim added.
The Sun
21-05-2025
- Business
- The Sun
Pos Malaysia posts RM41.2 mil 1Q net loss amid lower postal, logistics revenue
KUALA LUMPUR: Pos Malaysia Bhd recorded a net loss of RM41.5 million for the first quarter ended March 31, 2025 (1Q 2025), widening from a net loss of RM19.6 million in the same quarter last year, weighed down by lower contributions from its postal and logistics segments. Revenue decreased to RM467 million from RM491 million previously. 'The postal segment remained the largest contributor, generating RM279.1 million in revenue. 'However, this marked a four per cent decline due to lower bulk mail and international mail volumes,' said Pos Malaysia in a Bursa Malaysia filing today. Pos Malaysia said the logistics segment also saw a significant drop in revenue to RM49.1 million from RM64.8 million, mainly due to a decrease in automotive and freight management activities and a change in pricing mechanisms and the extended docking period of a vessel. In contrast, the group said the aviation segment contributed higher revenue of RM93 million in 1Q 2025 compared to RM91.7 million in the previous corresponding quarter, mainly attributable to the in-flight catering business with a higher number of meals uplifted. It added that the others segment continues to grow healthily with higher revenue, mainly attributed to increased sales of digital certificates. POS Malaysia added that while recognising potential challenges, including the uncertain impact of US tariffs on the postal segment, the group remains confident in its transformation efforts and ability to deliver sustainable, long-term value to stakeholders.
The Sun
21-05-2025
- Business
- The Sun
Pos Malaysia posts RM41.5 mil Q1 loss on weaker revenue
KUALA LUMPUR: Pos Malaysia Bhd recorded a net loss of RM41.5 million for the first quarter ended March 31, 2025 (1Q 2025), widening from a net loss of RM19.6 million in the same quarter last year, weighed down by lower contributions from its postal and logistics segments. Revenue decreased to RM467 million from RM491 million previously. 'The postal segment remained the largest contributor, generating RM279.1 million in revenue. 'However, this marked a four per cent decline due to lower bulk mail and international mail volumes,' said Pos Malaysia in a Bursa Malaysia filing today. Pos Malaysia said the logistics segment also saw a significant drop in revenue to RM49.1 million from RM64.8 million, mainly due to a decrease in automotive and freight management activities and a change in pricing mechanisms and the extended docking period of a vessel. In contrast, the group said the aviation segment contributed higher revenue of RM93 million in 1Q 2025 compared to RM91.7 million in the previous corresponding quarter, mainly attributable to the in-flight catering business with a higher number of meals uplifted. It added that the others segment continues to grow healthily with higher revenue, mainly attributed to increased sales of digital certificates. POS Malaysia added that while recognising potential challenges, including the uncertain impact of US tariffs on the postal segment, the group remains confident in its transformation efforts and ability to deliver sustainable, long-term value to stakeholders.
