Latest news with #Teh
The Star
06-06-2025
- General
- The Star
Students warned of fake course offers
PETALING JAYA: SPM school leavers have been advised to be wary of unsolicited WhatsApp and SMS texts offering various courses and attractive incentives to be enrolled in some colleges and private institutions of higher learning. It is crucial to check the legitimacy of such 'offers' before making any decision to enrol to avoid ending up in debt due to high fees and other costs imposed by the operators. Despite regulations governing the promotion of courses offered by private higher education institutions, enforcing them remained a significant challenge, according to the National Association of Private Educational Institutions (Napei). Deputy president Dr Teh Choon Jin said while most reputable institutions adhere to the rules, some unscrupulous operators continue to promote unaccredited programmes via social media and messaging apps. ALSO READ: Cautious response to scholarship offers 'These misleading promotions not only deceive students but tarnish the reputation of the entire private education sector,' he said. Teh urged parents to scrutinise any claims made by these operators and to particularly get accreditation from the Malaysian Qualifications Agency (MQA). He said fraudulent advertisements are being promoted on the social media and they often misuse the names of reputable institutions, misleading students into thinking they are enrolling in accredited programmes. (Click To Enlarge) To protect students, Teh called for greater vigilance and collaboration with the authorities. 'The most important step is to verify whether the courses and institutions are accredited,' he said. Teh also highlighted that Napei members faced significant challenges due to fraudulent advertisements and scams, especially those proliferated through social media and messaging platforms. 'These deceptive ads often misuse the names, logos, or branding of reputable institutions to appear legitimate, misleading students into believing they are enrolling into recognised programmes,' he explained. The presence of such scams in the ecosystem creates confusion and distrust among students and parents,' he added. Uniten vice-chancellor Prof Dr Khairul Salleh Mohamed Sahari said students and parents could verify a programme's accreditation status via the Malaysian Qualifications Register or the Provisional Accreditation list on the MQA website. For overseas programmes, the former MQA deputy CEO (quality assurance) said recognition status could be checked through the e-SISRAF system or by contacting the MQA. 'When a student enrols in an unaccredited programme, he or she will not be able to apply for any scholarships or financial assistance from major providers such as the Public Service Department, Majlis Amanah Rakyat and National Higher Education Fund Corporation or PTPTN. 'Upon graduation, he or she will not be able to join the public service and may be rejected by companies that strictly assess the quality of the programme,' he said. Some institutions, he said, also misused the MQA logo in advertisements for non-accredited programmes. He warned that such actions are offences under Act 679 and could lead to fines or imprisonment if convicted. National Union of the Teaching Profession secretary-general Fouzi Singon acknowledged that the issue had persisted for years, with many students falling victim. Some colleges, he said, entice students with special offers, only for them to end up in debt due to high fees imposed and other costs. 'There are also third parties acting as agents who exploit the situation to earn commissions by charging exorbitant processing fees,' he added. Fouzi also advised parents to verify an institution's qualification certificates and ensure that their MQA accreditation is still valid. 'Even if there is a certificate, the validity date of the accreditation certificate by the MQA needs to be verified,' he said. He also called on the MQA to promote evaluation steps more actively and strengthen student data protection.
New Straits Times
03-06-2025
- Business
- New Straits Times
Malayan Flour Mills boosts milling capacity by 33pct with new production line
KUALA LUMPUR: Malayan Flour Mills Bhd has commissioned a new flour milling line at its Lumut facility in Perak, boosting its domestic production capacity by 33 per cent to 2,400 tonnes per day. The RM31.5 million investment is aimed at meeting rising consumer demand for flour-based products and strengthening food security in Malaysia, the company said in a statement today. "We saw a rising and sustainable demand for flour in Malaysia in recent years as our growing population looks to flour as a carbohydrate alternative," said executive deputy chairman and managing director Teh Wee Chye. He said the expansion would not only increase output but also improve operational efficiency and cost-effectiveness. "The launch of our new milling line in Lumut is timely to tap into these growing opportunities," he added. The new line features automated systems designed to reduce energy use and waste. It brings the group's total domestic capacity to 2,400 tonnes per day across its Lumut and Pasir Gudang plants. The group's flour and grain trading segment recorded strong performance in the 2024 financial year, with adjusted profit after tax rising 83 per cent to RM126.1 million on stable revenue of RM3.1 billion. Sales tonnage grew by 23.5 per cent. "With the expansion, we are well-positioned to explore further growth opportunities, including new product development and market penetration," Teh said.
The Sun
29-05-2025
- Business
- The Sun
Resintech FY25 profit doubles to RM17m on strong pipe system demand
KUALA LUMPUR: Resintech Bhd, a leading manufacturer of plastic pipes, water tanks, and fittings, announced strong financial performance for its financial year ended March 31, 2025 (FY25). The group's revenue increased by 17.94% year-on-year (YoY) to RM125.07 million from RM106.04 million in the previous year, driven primarily by robust demand for its pipe systems and strategic revenue streams, including rental and provision of labour and maintenance services. Profit before tax (PBT) surged 107.98% YoY to RM17.02 million from RM8.18 million in FY24, underpinned by operational efficiencies, improved margins, and a fair value gain of RM5.29 million from investment properties, compared to a fair value loss of RM0.28 million in the previous year. The group's profit after tax and minority interests (PATAMI) increased significantly to RM11.30 million, representing a 87.73% increase from RM6.02 million recorded last year, demonstrating the successful execution of Resintech's strategic initiatives and effective cost management. For the fourth quarter (Q4) of FY25, Resintech reported revenue of RM29.33 million, an increase of 8.94% year-over-year (YoY) from RM26.92 million in Q4 FY24. Profit before tax in Q4 increased significantly to RM7.39 million from RM2.71 million year-over-year (YoY), driven by operational improvements and a substantial fair value gain on investment properties. Commenting on the strong financial results, Resintech managing director Datuk Dr Teh Kim Poo said the robust financial performance achieved this fiscal year reflects the team's consistent efforts in driving operational excellence and strategic growth initiatives. 'The sustained demand for our core plastic pipe systems, coupled with gains from strategic asset management, has considerably strengthened our profitability,' he said in a statement. Resintech continues to strengthen its market leadership, particularly in the thriving water infrastructure and pipe systems segments. The recent strategic initiatives, including significant capital investments in blow moulding machinery for East Malaysia markets, are expected to positively impact the group's topline and bottom line in the upcoming financial year. 'While we remain vigilant regarding the challenges posed by currency fluctuations and rising operational costs, our strategic investments, combined with steady market demand, position Resintech favourably for continued growth. 'Barring unforeseen circumstances, we expect our performance trajectory to remain positive,' Teh said.
Malaysian Reserve
19-05-2025
- Business
- Malaysian Reserve
Malayan Flour Mills allocates RM215m capex for FY25
MALAYAN Flour Mills Bhd (MFM) has earmarked RM215 million in capital expenditure (capex) for the financial year ending Dec 31, 2025 (FY2025), with investments focused on expanding its flour and poultry segments in Malaysia and Vietnam. At its AGM today, the group said RM55 million will be allocated to its flour and grain trading (FGT) division to expand capacity and improve efficiency. This includes RM20 million for automation upgrades at its Lumut and Pasir Gudang mills, aimed at reducing manual labour and enhancing product consistency. In Vietnam, MFM is investing RM34 million – RM21 million to expand capacity and upgrade operations in the north, and RM13 million for new flour silos and blending facilities in the south. The remaining RM160 million will be directed to the group's Poultry Integration segment, shared between MFM and its joint venture partner. Of this, RM100 million will go towards new farming infrastructure including parent farms and hatcheries, while RM60 million is earmarked for productivity improvements at existing farms. 'These strategic investments are critical to strengthening our production capacity and operational efficiency, enabling us to meet the growing demand in both Malaysia and Vietnam,' said executive deputy chairman and MD Teh Wee Chye. For FY2024, MFM posted a net profit of RM58.1 million, rebounding from a RM6.7 million net loss a year earlier, thanks to strong FGT performance. The group noted that net profit would have reached RM100.2 million if not for a RM42.1 million impairment on its Indonesian flour operation, which has remained loss-making for three consecutive years. Teh said the group remains optimistic about the long-term prospects of its flour and poultry businesses, and that the capex will be funded via a mix of internal funds and borrowings. 'These initiatives reflect our commitment to solidifying our position as a leading staple food supplier while driving sustainable growth,' he added. –TMR
The Sun
19-05-2025
- Business
- The Sun
Malayan Flour Mills earmarks RM215 million for capital expenditure in FY25
KUALA LUMPUR: Malayan Flour Mills Bhd (MFM) has earmarked RM215 million for capital expenditure (capex) in the financial year ending Dec 31, 2025 (FY25) to expand its poultry integration and flour trading operations in Malaysia and Vietnam. The capex will be financed through a combination of internally generated funds and borrowings. Of the total, RM160 million will be allocated to the group's poultry integration (PI) segment. This includes RM100 million for the expansion and upgrading of farming infrastructure – such as construction of parent farms and hatcheries – in collaboration with its joint venture partner. The remaining RM60 million will be used to upgrade existing farms to enhance productivity and supply chain efficiency. Executive deputy chairman and managing director Teh Wee Chye said MFM is expanding its poultry business with government support because Malaysia still relies heavily on imported chicken and does not produce enough domestically to meet demand. 'For poultry integration, we are also working closely with the government. We see further upside in growth because poultry remains the most affordable source of protein,' he said at a press conference after its AGM today. Teh said MFM is partnering with Tyson Foods to modernise its farming operations, as around 60–70% of chicken coops in Malaysia still operate under open-house systems, which are increasingly vulnerable to climate change. 'Open houses tend to experience higher mortality rates, whereas closed, climate-controlled houses will definitely perform better.' MFM has completed the design and cost planning for the climate-controlled houses, which feature temperature control systems that are more efficient and better suited to extreme weather conditions. 'With the climate-controlled houses we have finalised in terms of design and costing, we believe this will result in better efficiency, particularly under harsher climate conditions,' Teh said. He highlighted the company's logistics advantage through having its own jetty, which enables bulk importation of poultry feed. 'This allows us to add value to the business, especially since we have our own jetty, enabling us to bring in combo shipments of corn and soya meal, and helping to reduce our cash conversion cycle,' he said. MFM's investment also extends to its flour and grain trading segment, which will receive RM55 million to expand capacity and enhance operational efficiency in key markets. This includes RM20 million for automation upgrades at MFM's flour mills in Lumut and Pasir Gudang to reduce manual labour, boost efficiency and ensure consistent product quality. In Vietnam, MFM plans to scale up operations with a total investment of RM34 million – comprising RM21 million for capacity expansion and operational upgrades at its northern Vietnam plant, and RM13 million for the ongoing construction of flour silos and blending facilities in the southern region. The RM55 million investment is jointly funded by MFM and its partners: RM20.4 million from MFM, RM20.9 million from Vima, RM13.1 million from Mekong and RM600,000 from DSM. Teh said these investments are critical to strengthening production capacity and operational efficiency to enable them to meet the growing demand for flour and flour-related products in both Malaysia and Vietnam. 'We are encouraged by the strong performance in our flour business in these key markets, and we believe that this growth trajectory is sustainable. The investments in automation and capacity expansion are timely, positioning us to capture future demand. 'On the flour mills, as you can see, our operations in Malaysia and Vietnam are performing very positively. As we grow capacity to meet market demand, we also aim to be cost-efficient. I believe we are on the right track.' Teh added that MFM's flour plant in northern Vietnam is operating near full capacity which prompted the board to approve a new 500-tonne-per-day mill to support future demand. 'Since it's maxed out, and the Vietnam economy – pending everything moves well – is still projecting an 8% growth rate, we see prospects for these two investments.' MFM's Vietnam flour operations posted over RM2 billion in revenue in 2024, contributing RM250 million in profit. 'We are encouraged by the strong performance in our flour business in these key markets, and we believe that this growth trajectory is sustainable. The investments in automation and capacity expansion are timely, positioning us to capture future demand,' Teh said. He reaffirmed MFM's long-term optimism for both its flour and poultry businesses, citing continued investments in infrastructure and technology as key to strengthening the group's competitive edge. 'Our commitment to automation, capacity expansion, and infrastructure upgrades reflects our goal of becoming a leading staple foods supplier in the countries where we operate, while driving sustainable growth for the group,' he added.
