<div class=newsTextDataWrapInner><p>SINGAPORE (May 18): IPS Securex Holdings, the security products and services provider, has announced that its wholly-owned subsidiary, IPS Securex, has received two purchase orders with a total contract value of US$2.93 million ($4.02 million).</p></div>

<div class=newsTextDataWrapInner><p>The purchase orders are for the supply of Hyperspike acoustic hailing devices and their supporting accessories, the company said on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>IPS Securex in December last year announced a US$64.46 million letter of award for the delivery of the Hyperspike products over a period of five years ending December 2020.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The US$64.46 million LOA is still the largest deal that we have received to date and we expect the individual purchase orders to come in progressively over the next few years,” says IPS Securex Executive Director and CEO Kelvin Lim.</p></div>

<div class=newsTextDataWrapInner><p>IPS Securex says the purchase orders are expected to contribute positively but are not expected to have a material impact on the earnings per share and net asset value per share of the Group for the financial year ending 30 June 2016.</p></div>

<div class=newsTextDataWrapInner><p>Shares of IPS Securex traded at 17.5 cents on Tuesday.</p></div>


SINGAPORE (May 18): IPS Securex Holdings, the security products and services provider, has announced that its wholly-owned subsidiary, IPS Securex, has received two purchase orders with a total contract value of US$2.93 million ($4.02 million).

The purchase orders are for the supply of ...

IPS Securex clinches orders worth US$2.93 mil

Some US states are sending strong signals to county and local officials who might be tempted to intervene illegally in the Nov 5 election or refuse to certify results: Fail to do your duty and risk criminal charges or hefty financial penalties.

In at least five of the seven battleground states that could determine whether the next US president is Democrat Kamala Harris or Republican Donald Trump, top election and law enforcement officials have investigated, indicted and even jailed officials who tried to interfere with the vote or delay certification of results, a necessary but largely ceremonial step.

US states warn officials: Delaying, tampering with vote could bring criminal charges

The allocation announced by Prime Minister Datuk Seri Anwar Ibrahim in Budget 2025 regarding the creative industry clearly shows the government's support for artistic talent.

National Development Corporation Malaysia (Finas) Chief Executive Officer Datuk Azmir Saifuddin Mutalib said through the Madani Creative Youth Program with an allocation of RM30 million, it will be able to help the development of the creative industry.

Madani Creative Youth Program proof of govt's commitment towards promoting creative industry

The Madani government's Budget 2025 has put forth a clear call to action for board directors, namely to proactively step up, lead with purpose, exercise risk leadership, embrace diversity and innovation and prioritise people and talent to champion the national agenda.

Institute of Corporate Directors Malaysia (ICDM) president and chief executive officer Michele Kythe Lim said the budget also introduced policies, frameworks and incentives to help companies focus and prioritise.

Budget 2025 puts forth clear call to action for board directors — ICDM

The allocation of more than RM60 million for upgrading judicial infrastructure, including the development of the e-Judiciary system, will enhance public access to justice, said Datuk Seri Azalina Othman Said.

The Minister in the Prime Minister's Department (Law and Institutional Reform) said this measure, which supports the digital agenda, is in line with efforts to empower the judiciary as an independent body.

RM60 mil for infrastructure upgrade to improve access to justice

The Congress of Union of Employees in the Public and Civil Services (Cuepacs) has urged civil servants to be fully committed to ensure the government's dedication to improve the public service delivery system to the people is implemented effectively.

Civil servants told to be fully committed to improving service delivery system

EVENING 5: Budget 2025 edition

The S&P 500 and the Nasdaq opened higher on Friday, lifted by advances in technology shares, while the Dow Jones Industrial Average edged lower.

Tech stocks lift Nasdaq, S&P 500; Netflix soars after results

The US Federal Aviation Administration (FAA) announced a new review into Boeing Co’s safety processes, a week after a government watchdog said the agency needed to be more proactive in its oversight of the planemaker.

FAA starts new Boeing review after watchdog seeks more action

Tax leaders at the Big Four accounting firms and other tax experts said measures proposed under Budget 2025 would dovetail with the government’s fiscal consolidation plan though more clarity is required.

Big Four, tax experts say Budget 2025 measures fit into fiscal consolidation goal

The construction of the West Coast Expressway (WCE) from Banting to Gelang Patah that was announced in the Madani Budget 2025 will benefit Melaka, its chief minister, Datuk Seri Ab Rauf Yusoh said.

Construction of West Coast Expressway will benefit Melaka — Chief Minister

<p>HeiTech Padu Bhd (KL:HTPADU), whose share price hit a record high of RM4.40, announced that it has won an RM892.2 million National Integrated Immigration System (NIISe) project.</p>

<p>This confirms <em>The Edge Malaysia </em>weekly’s report last month that the technology company had made a comeback and stood a good chance of winning the contract, quoting sources. &nbsp;</p>


HeiTech wins bid for RM892.2 mil NIISe project

<p>The country’s monthly minimum wage will be raised to RM1,700 from RM1,500, effective from Feb 1 next year, announced Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in his Budget 2025 speech.</p>


Malaysia raises monthly minimum wage to RM1,700 beginning Feb 1, 2025

<p>Japanese insurer Tokio Marine has paused the sale of its US$1 billion (RM4.3 billion) Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said.</p>


Tokio Marine pauses sale of US$1 bil Southeast Asia life insurance business due to dispute with RHB — Reuters

<p>The federal government is expanding the scope of the sales and service tax (SST) again to raise tax revenue.&nbsp;</p>

<p>Starting May 1, 2025, sales tax will be imposed on non-essential items, including imported premium items, such as salmon and avocado, Prime Minister Datuk Seri Anwar Ibrahim announced in his Budget 2025 speech on Friday. &nbsp;</p>


Govt to expand scope of SST, to include fee-based financial services

<p>The government plans to increase the excise duty rate for sugar-sweetened beverages to 90 sen per litre next year, from 50 sen currently.</p>

<p>This 40 sen increase, which represents an 80% hike from the current level, was announced by Prime Minister Datuk Seri Anwar Ibrahim when tabling the Budget 2025 on Friday as a measure to support the "war on sugar" movement.</p>


Sugary drink tax to be raised to 90 sen per litre next year, from 50 sen now

<p>The government will extend the current net energy metering (NEM) 3.0 programme till June 30, 2025 to continue incentivising rooftop solar installation, announced Prime Minister Datuk Seri Anwar Ibrahim in his Budget speech.</p>


Govt extends rooftop solar programme till end-June 2025

<p>The Malaysian Employers Federation (MEF) has cautioned employers against using the revised minimum wage policy of RM1,700 as an excuse to offer only the base pay to their workers.&nbsp;</p>

<p>MEF president Datuk Dr Syed Hussain Syed Husman said in a statement on Friday following the policy’s announcement in Budget 2025 that the new minimum wage should be regarded as a starting point rather than a benchmark.&nbsp;</p>


Malaysian Employers Federation warns against using RM1,700 minimum wage as pay ceiling

<p>The government on Friday announced an individual income tax relief of up to RM7,000 for three years on the interest payments of residential home loans for first-time homebuyers.</p>


Income tax relief of up to RM7,000 for three years on interest payments for first-time homebuyers

<p>OB Holdings Bhd (KL:OBHB), slated for listing on the Ace Market of Bursa Malaysia on Oct 29, announced that the 19.58 million new shares it offered to the Malaysian public under its initial public offering (IPO) have been oversubscribed by 109.47 times.</p>


OB Holdings’ 19.58 mil IPO shares for public oversubscribed by 109 times

<p>KUALA LUMPUR (Oct 18): Sorento Capital Bhd (KL: SORENTO) announced that its initial public offering (IPO) saw strong demand, with the 43 million shares available to the public being oversubscribed by 39 times at an offer price of 37 sen per share.</p>


Sorento Capital’s 43 mil IPO shares oversubscribed by 39 times

<p>The government will introduce a 2% tax in the year of assessment 2025 on dividend income exceeding RM100,000 received by individual shareholders.</p>

<p>This comes as a negative surprise as Malaysia currently adopts the single-tier tax system whereby companies are not required to deduct tax for dividends paid to shareholders. Taxes are only required at the company level.</p>


Investors hold different views on 2% tax on dividends exceeding RM100,000

<p>The government has extended the exemption from individual income tax for foreign-sourced income for 10 years until Dec 31, 2036, as part of a slew of income tax exemptions and reliefs for individuals, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced in his Budget 2025 speech on Friday.</p>


Govt extends individual income tax exemption for foreign-sourced income for another 10 years, plus other tax reliefs

<p>KUALA LUMPUR (Oct 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:</p>

<p><strong>HeiTech Padu Bhd</strong> (KL:HTPADU), whose share price hit a record high of RM4.40, announced that it has won an RM892.2 million National Integrate...

HeiTech Padu, Exsim Hospitality, Sorento and OB Holdings

<p>The government plans to implement targeted subsidies for education and healthcare, so that the super&nbsp;rich will not be subsidised, said Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in his Budget 2025 speech on Friday.</p>


Targeted subsidies for education and healthcare to exclude high-income groups — PM

<p>Exsim Hospitality Bhd (KL:EXSIMHB), previously known as Pan Malaysia Holdings Bhd, said on Friday that its wholly owned subsidiary Exsim Concepto Sdn Bhd has won a sub-contract work package for RM60 million.</p>


Exsim Hospitality wins RM60 mil sub-contract works

<p>Malaysia plans to introduce a carbon tax on the iron, steel and energy industries by 2026 towards encouraging the use of low-carbon technology, said Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in his Budget 2025 speech.&nbsp;</p>

<p>While no details of the mechanism are provided in the Budget speech, Anwar said on Friday proceeds from the tax will be utilised to finance green technology programmes and research.&nbsp;</p>


Malaysia to introduce carbon tax for select industries by 2026 — PM

<p>Malaysian banks have expressed support for Budget 2025, which aims towards fostering sustainable and inclusive economic growth.</p>


Malaysian banks laud Budget 2025 for promoting sustainable, inclusive economic growth

<p>The government plans to make it mandatory for all foreign workers to contribute to the Employees Provident Fund (EPF), with this set to be implemented in phases, according to Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim.</p>


Govt to make EPF contribution mandatory for foreign workers

<p>The federal government is raising the allocation for its cash assistance programme, namely the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA), from RM10 billion previously to RM13 billion under Budget 2025.</p>


Govt sets aside record high RM13 bil allocation for cash assistance

<p>The government has proposed to raise the windfall profit levy (WPL) threshold on crude palm oil (CPO) effective Jan 1 next year, said Prime Minister Datuk Seri Anwar Ibrahim.</p>
