Latest news with #RM3.64
The Sun
05-06-2025
- Business
- The Sun
Penang Customs seizes vape devices, liquid worth RM5.17 million
BUTTERWORTH: The Penang Customs Department seized 86,086 electronic cigarette (vape) devices and 996.5 litres of vape liquid, worth RM5.17 million including taxes, in two separate raids conducted last April. State Customs director Rohaizad Ali said the raids, carried out at the North Butterworth Container Terminal (NBCT) and Port Klang, also led to the arrest of three men, including a Chinese national. He said the first raid took place at 1.15 pm on April 3, when the Enforcement Division's Operations Unit inspected a container that had arrived at NBCT from China. 'The inspection uncovered 14,200 units of electronic cigarette devices and 210 bottles of vape liquid that were undeclared during import, alongside other merchandise. The total estimated value of the goods was RM1.33 million, with duties amounting to RM205,400. 'A local man acting as an agent and a Chinese national who claimed to be the exporter were arrested. This marks the first vape-related seizure in Penang this year that has led to arrests,' he said at a press conference held at the Bagan Jermal Enforcement Storage facility today. Rohaizad said the inspection found that the container had been declared as carrying plastic goods, but the vape devices and liquids were hidden among other items and not declared. In a separate raid at 11 am on April 10, authorities seized 71,886 electronic cigarette devices and 786.5 litres of vape liquid worth RM3.64 million, including tax, following the inspection of another container from China, this time at Port Klang. A local man in his 40s, who acted as an agent, was arrested in connection with the case. 'The container was declared to contain belts and wallets, but the inspection uncovered undeclared vape devices and liquids mixed with the declared items,' he said. Rohaizad added that further investigations are ongoing for both cases under Section 133(1)(a) of the Customs Act 1967.
The Sun
05-06-2025
- Business
- The Sun
Penang Customs Seize RM5.17 million in Vape Devices, Liquids
BUTTERWORTH: The Penang Customs Department seized 86,086 electronic cigarette (vape) devices and 996.5 litres of vape liquid, worth RM5.17 million including taxes, in two separate raids conducted last April. State Customs director Rohaizad Ali said the raids, carried out at the North Butterworth Container Terminal (NBCT) and Port Klang, also led to the arrest of three men, including a Chinese national. He said the first raid took place at 1.15 pm on April 3, when the Enforcement Division's Operations Unit inspected a container that had arrived at NBCT from China. 'The inspection uncovered 14,200 units of electronic cigarette devices and 210 bottles of vape liquid that were undeclared during import, alongside other merchandise. The total estimated value of the goods was RM1.33 million, with duties amounting to RM205,400. 'A local man acting as an agent and a Chinese national who claimed to be the exporter were arrested. This marks the first vape-related seizure in Penang this year that has led to arrests,' he said at a press conference held at the Bagan Jermal Enforcement Storage facility today. Rohaizad said the inspection found that the container had been declared as carrying plastic goods, but the vape devices and liquids were hidden among other items and not declared. In a separate raid at 11 am on April 10, authorities seized 71,886 electronic cigarette devices and 786.5 litres of vape liquid worth RM3.64 million, including tax, following the inspection of another container from China, this time at Port Klang. A local man in his 40s, who acted as an agent, was arrested in connection with the case. 'The container was declared to contain belts and wallets, but the inspection uncovered undeclared vape devices and liquids mixed with the declared items,' he said. Rohaizad added that further investigations are ongoing for both cases under Section 133(1)(a) of the Customs Act 1967.
Barnama
05-06-2025
- Barnama
Penang Customs Seizes Vape Devices, Liquid Worth RM5.17 Million
BUTTERWORTH, June 5 (Bernama) -- The Penang Customs Department seized 86,086 electronic cigarette (vape) devices and 996.5 litres of vape liquid, worth RM5.17 million including taxes, in two separate raids conducted last April. State Customs director Rohaizad Ali said the raids, carried out at the North Butterworth Container Terminal (NBCT) and Port Klang, also led to the arrest of three men, including a Chinese national. He said the first raid took place at 1.15 pm on April 3, when the Enforcement Division's Operations Unit inspected a container that had arrived at NBCT from China. 'The inspection uncovered 14,200 units of electronic cigarette devices and 210 bottles of vape liquid that were undeclared during import, alongside other merchandise. The total estimated value of the goods was RM1.33 million, with duties amounting to RM205,400. 'A local man acting as an agent and a Chinese national who claimed to be the exporter were arrested. This marks the first vape-related seizure in Penang this year that has led to arrests,' he said at a press conference held at the Bagan Jermal Enforcement Storage facility today. Rohaizad said the inspection found that the container had been declared as carrying plastic goods, but the vape devices and liquids were hidden among other items and not declared. In a separate raid at 11 am on April 10, authorities seized 71,886 electronic cigarette devices and 786.5 litres of vape liquid worth RM3.64 million, including tax, following the inspection of another container from China, this time at Port Klang. A local man in his 40s, who acted as an agent, was arrested in connection with the case. 'The container was declared to contain belts and wallets, but the inspection uncovered undeclared vape devices and liquids mixed with the declared items,' he said.
Barnama
29-05-2025
- Business
- Barnama
MISC Shares Down On Weaker 1Q FY2025 Results
BUSINESS KUALA LUMPUR, May 29 (Bernama) -- MISC Bhd's shares fell in early trade after its net profit for the first quarter ended March 31, 2025 (1Q FY2025) dropped year-on-year on the back of lower revenue for the quarter. At 9.44 am, MISC slipped two sen to RM7.51, with 48,900 shares transacted. In a filing with Bursa Malaysia yesterday, MISC's net profit eased to RM705.70 million in 1Q from RM759.90 million a year earlier, while revenue declined to RM2.82 billion against RM3.64 billion. The lower revenue was primarily weighed down by lower revenue from the marine and heavy engineering segment by 54.0 per cent, it said. Despite the weaker performance, Hong Leong Investment Bank Bhd (HLIB) and CIMB Securities Sdn Bhd maintained their buy calls on a positive earnings outlook. HLIB said despite a dismal outlook in MISC's gas segment, it still expects group earnings growth in FY2025 to be driven by the petroleum division and offshore business. 'Our FY2025/2026 profit forecasts are adjusted slightly by -0.3 per cent/-3.7 per cent. We also introduce FY207 earnings forecast at RM2.49 billion,' it said in a note today. CIMB Securities said it expects earnings to normalise in the following quarters, in the absence of the one-time gain from floating production storage and offloading (FPSO) vessel Bunga Kertas. 'A dividend per share of eight sen was declared, in line with our forecast.
The Star
28-05-2025
- Business
- The Star
Lower revenue from key segments weighs on MISC's 1Q 2025 earnings
KUALA LUMPUR: MISC Bhd 's net profit eased to RM705.70 million in its first quarter ended March 31, 2025 (1Q 2025) from RM759.90 million in the same period a year earlier on the back of lower revenue for the quarter. Revenue for the quarter declined to RM2.82 billion against RM3.64 billion year-on-year, primarily weighed down by lower revenue from the marine and heavy engineering segment by 54.0 per cent. The segment recorded a revenue of RM453.1 million, which was RM531.4 million lower than the corresponding quarter's revenue of RM984.5 million, mainly attributable to lower revenue from ongoing heavy engineering projects. "This is due to several projects nearing completion, resulting in lower activity and revenue, while the newer projects are still at early stages,' MISC said in a filing with Bursa Malaysia today. Additionally, the group said that the lower revenue in the gas assets and solutions segment was primarily due to lower earning days resulting from contract expiries, vessel disposals, and lower charter rates during the current quarter. Revenue for the segment stood at RM636.2 million, which was RM139.1 million or 17.9 per cent lower than the corresponding quarter's revenue of RM775.3 million. - Bernama
