Jun 2, 2021
FingerMotion (OTCQX: FNGR), a mobile services and data company, has released its financial results for the fiscal year ending Feb. 28, 2021. A highlight of the report was record annual revenue of $16.68 million, which includes the company’s SMS (“SMS”) & MMS (“MMS”) and telecommunications products and services. That total represents an estimated 82% increase from FYE 2020. Other financial numbers worth noting include annual growth in SMS & MMS business revenue of $6.13 million, or 84% compared to the same period the year before; annual growth in telecommunications products and services business revenue of $1.39 million, or a 76% increase compared to the previous year; first revenues of $33,077 for the company’s big data business; and annual gross profit of $1.65 million, an increase of $0.68 million or 71% compared to FYE 2020. At the end of the reporting period, FingerMotion had a working capital surplus of $2.99 million and a positive shareholders’ equity of $2.11 million, with total assets worth $7.34 million, total current liabilities of $4.11 million and total liabilities reaching $5.23 million. “The fourth quarter generated $5.43 million in revenue and represented the third consecutive quarter of record revenue. If the current trajectory continues, revenue may easily exceed US$21 million for the FYE 2022,” said FingerMotion CEO Martin Shen in the press release. “The company recently announced that Top-up revenue could increase by as much as 1000% and that SMS revenue could increase by 20–30% in FYE 2022. This growth is expected to be fueled by an expansion of subscribers in new regions. These expansion zones are primarily attributable to strong relationships with the Company’s telecommunications partners that value our platform’s reliability and customer loyalty programs. As the company continues to capture more users on our platforms, the models become more sustainable.”
To view the full press release, visit https://ibn.fm/sdaYQ
About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve more than 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, please visit www.FingerMotion.com.
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IPOH: The total count of flash flood victims in Perak has reduced, with 1,013 individuals still taking refuge at evacuation centres. Read full story
BINI has unveiled its official lightstick for the upcoming Grand BINIverse concert!
The Southern Police District (SPD) has beefed up its deployment to ensure a safe and orderly Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR), which will run until October 18, 2024, at the Philippine International Convention Center (PICC), according to SPD Director Brig. Gen. Bernard Yang.
KUALA LUMPUR: The immediate return of children rescued during Op Global to their parents and families is a top priority for the Ministry of Women, Family and Community Development (KPWKM). However, its minister, Datuk Seri Nancy Shukri said KPWKM must first ensure that the children’s parents and families can provide adequate and proper care. “For cases where the capability of the parents and families is clearly established, the reunification process can proceed without delay. In more complex situations, intervention programmes will be implemented to ensure the children’s and families’ best interests are safeguarded “The ultimate goal is to reunite these children with their families. However, before this can happen, several factors need to be carefully evaluated. This is not about denying anyone’s rights, but about ensuring the best interests of the children are upheld,” Nancy said during a minister’s briefing session on GISB Holdings Sdn Bhd (GISBH) in the Dewan Rakyat today. As of yesterday, 560 children – 283 boys and 277 girls – had been placed in safe custody after the Social Welfare Department (JKM) obtained a temporary court custody order for two months under Section 25(2)(a) of the Child Act 2001. Meanwhile, Nancy said the Task Force Profiling Team for Op Global found that 94.3 per cent of the 558 profiled children had at least one living biological parent, while 5.7 per cent had no parents or no available information on their parents. Health assessments showed that 51.6 per cent of the children were underweight, falling below the healthy Body Mass Index (BMI), while 46.1 per cent had a normal weight and the remaining children were classified as obese, she added. “Three children have been issued persons with disabilities (PwD) cards, while 27 others display symptoms of disability,” she added. Cognitive assessments were also conducted on 385 children aged seven and above, with 71.9 per cent (277 children) showing no signs of cognitive disorders, she said. “However, 20.26 per cent (78 children) displayed moderate cognitive disorders, while 7.79 per cent (30 children) were found to have severe cognitive impairments,” Nancy said.
PETALING JAYA: A surprise inspection by Johor Public Works, Transport, Infrastructure, and Communications committee chairman, Mohamad Fazli Mohamad Salleh recently found 17 Immigration counters at the Johor checkpoint empty. The inspection was conducted following a video circulating online showing the 17 empty counters at the checkpoint in Sultan Abu Bakar Complex (KSAB), triggering public backlash. He confirmed that the surprise inspection found that the incident actually occurred, Harian Metro reported. The video showed the empty counters, with green lights on however, the pathways were closed off to commuters. ALSO READ: Woman calls out Immigration officer for alleged rude behaviour Fazli then instructed that the green lights to be turned off to indicate that the lane is closed, to ensure no one is confused. “If there is no solid reason given regarding the incident, this can be considered intentional,” he was quoted as saying. On the other hand, Johor Immigration director Datuk Mohd Rusdi Mohd Darus said an internal probe will be conducted on the incident. ALSO READ: Woman expresses gratitude to Johor Immigration officers for returning lost RM1.5k “The internal investigation will determine whether the immigration officer handling the counter neglected their duties or intentionally left the counter without permission. “We will not tolerate this behaviour, and strict disciplinary action will be taken against them if they are found to have neglected their duties. “It is a violation of responsibility, and I take this issue seriously,“ he was quoted as saying.
PETALING JAYA: The Domestic Trade and Cost of Living Ministry will collaborate and hold discussions with relevant ministries and agencies regarding the issue of vegetable prices, which are expected to triple by the end of this year. Read full story
KUALA LUMPUR: Malaysia has comprehensive regulations on smoking and tobacco control and does not need to follow other countries in banning vape and its products, says Datuk Seri Dr Dzulkefly Ahmad. Read full story
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KUALA LUMPUR: The police (PDRM) have initiated investigations into companies linked to GISB Holdings Sdn Bhd (GISBH), which are operating overseas. Home Minister Datuk Seri Saifuddin Nasution Ismail acknowledged the challenges of extending investigations beyond Malaysia’s borders but confirmed that PDRM have already reached out to authorities in 18 countries where these companies are believed to be active. “The police have taken steps to contact these countries using mutual legal agreements (MLA) to facilitate cooperation,” he said during a briefing on the GISBH issue at the Dewan Rakyat today. Earlier reports indicated that PDRM had identified 23 properties owned by GISBH in 10 countries, with an estimated value RM52.4 million. Saifuddin Nasution also said that 15 cases have been brought before courts nationwide, with trial dates pending. He highlighted a case of child abuse linked to the investigation, where the accused pleaded guilty and received a 10-year prison sentence. “There have been numerous breaches of the law, and it is imperative that we conduct the investigation thoroughly and with full accountability, allowing the legal process to unfold as it should. “I want to make it clear that there is no political motive behind the government’s handling of this case. The fact remains, crimes against children have occurred,” he said.
The Bureau of Corrections (BuCor) on Tuesday announced that a total of 20 errant personnel have been removed from service since 2022.
KUALA LUMPUR: Malaysia has comprehensive regulations on smoking and tobacco control and does not need to follow other countries in banning vape and its products, says Datuk Seri Dr Dzulkefly Ahmad. Read full story
"It will give us the opportunity to ask cross-examination questions to test the credibility of the witnesses."
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KUALA LUMPUR: Malaysian innovators and manufacturers should seize the opportunity to tap into the immense potential of the global medical devices industry, which is projected to reach nearly US$800 billion by 2030, says Science, Technology and Innovation (MOSTI) Minister Chang Lih Kang. Chang noted that Malaysia had many high-quality products and innovators in the medical devices sector, with the government continuously encouraging and supporting industry players in research and development (R&D) and commercialisation efforts. “The market is vast, and we have plenty of room for success. To support R&D, of course, not limited to the medical devices industry, MOSTI offers various funding facilities, grants, matching grants, and equity where we invest in relevant startups,” he said. Chang said this to reporters after officiating the soft launch of INNOMed: Innovation Pitching Powered by PERANTIM, a key event in the International Medical Device Exhibition & Conference (IMDEC) 2024. Also present were Medical Device Authority (MDA) chief executive officer Dr P. Muralitharan, Malaysia Medical Devices Manufacturers Association (PERANTIM) president Johari Abu Kasim, and organising chairman of INNOMed, Dr Hyzan Mohd Yusof. Earlier in his speech, Chang said that under Malaysia’s New Industrial Master Plan (NIMP) 2030, the government aimed to foster synergies between the manufacturing and engineering sectors and the medical devices sector. This includes creating advanced inspection tools, solutions for imaging and endoscopy, implantable devices, and minimally invasive surgical tools. Meanwhile, Muralitharan told Bernama that, according to figures from the Department of Statistics Malaysia (DOSM), Malaysia’s total trade in medical devices, valued at RM25.61 billion from January to July this year, increased by 23.5 per cent compared to the same period in 2023 (RM20.74 billion). He added that the export of medical devices was valued at RM20.15 billion, an increase of 25.7 per cent compared to RM16.02 billion in 2023. In his speech, Dr Hyzan said that medical device innovation presented an opportunity to improve healthcare while boosting the economy, with the industry projected to reach nearly US$2 billion by 2025, making it one of the fastest-growing sectors. “By focusing on innovation, we can create high-skilled jobs, reduce our dependence on imported technologies, and position Malaysia as a global leader. Last year, we spent US$5 billion on medical devices, with 95 per cent being imports. Our goal is to reduce this to 50 per cent within five years,” he said. He also emphasised that close collaboration among universities, innovators, manufacturers, clinicians, and government agencies was key to ensuring that ideas and research transitioned smoothly from laboratories to clinical applications and into the hands of healthcare providers. INNOMed, themed “Unleashing the Power of Medical Technology: Shaping the Future of Healthcare,“ is organised by the MDA and will take place from Dec 10 to 12 at the Kuala Lumpur Convention Centre (KLCC).
KOTA KINABALU: More than 700 personnel members from the Health Department will be involved in a six-month statewide awareness campaign to educate the people on new laws over smoking products. Read full story
Armizan berkata ketika ini melalui perundangan sedia ada, platform untuk pengguna menuntut hak mereka ialah Tuntutan Tribunal Pengguna Malaysia (TTPM).
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In a bid to save six endangered animals in the Philippines—pangolin, Philippine Eagle, tamaraw, Philippine Turtle, Palawan Cackatoo, and dugong—from extinction, the Department of Environment and Natural Resources (DENR) on Tuesday, Oct. 15, forged a partnership with conservation groups and the private sector.
AMPANG: Residents evacuated following a landslide in Taman Melawati this morning will have to wait for the Mineral and Geoscience Department to give the go-ahead before they can move back. Read full story
PETALING JAYA: Datuk Seri Shamsul Iskandar Mohd Akin has been slammed for insinuating that he could have won the Bagan Datuk parliamentary seat if he had demanded a recount during GE15. Read full story
MANILA, Philippines — A magnitude 4.3 earthquake struck the waters off Hinatuan town in Surigao del Sur on Tuesday morning, the Philippine Institute of Volcanology and Seismology (Phivolcs) reported. The state seismologist said that the magnitude 4.3 tectonic tremor occurred at 7:42 a.m. on Tuesday, and its epicenter was 98 kilometers east of Hinatuan town.
The Parañaque City government announced that the City Treasurer's Office (CTO) will be open on the weekends of October 19 and 20 to serve property owners who want to avail themselves of a 10 percent discount on their real property tax.
Philippine bet Raven Doctor is currently among the leading candidates in Miss Eco Teen 2024"s Miss Popular voting. The winner of the voting will get a spot in the Top 10 of the international pageant.
CAMP OLIVAS, City of San Fernando, Pampanga – Police have apprehended seven suspects in the brutal murder of prominent online sellers Arvin and Lerma Lulu in Santo Rosario, Mexico, Pampanga, on October 4.
Kerja-kerja pembersihan laluan yang terkambus akibat tanah runtuh di Jalan E6, Taman Melawati telah dimulakan dan dijangka selesai dalam tempoh sejam.
KUALA LUMPUR: The government plans to build more reservoirs as part of its short and long-term flood mitigation plans, said Deputy Prime Minister Datuk Seri Fadillah Yusof. He said the new reservoirs would reduce the risk of flash floods especially in Kuala Lumpur. “The plan is already in place. It’s just that we plan according to the available financial capabilities and we implement what we have as much as possible,“ he told reporters after the Asia New Economic Summit 2024 here today. Fadillah, who is also the Minister of Energy Transition and Water Transformation, said most of the water reservoirs will be built in Kuala Lumpur under the supervision of the Kuala Lumpur City Hall (DBKL). “There are ongoing projects. But there is one project involving design and contractor problems and this affects our planning. We have to see how our recovery plan is to speed up any project that is delayed due to contractor failure,“ he said. An unusually high and continuous rainfall from 8.30 am this morning in Kuala Lumpur caused major rivers, including Sungai Batu, Sungai Klang, and Sungai Gombak, to overflow, which led to flooding in several areas. According to DBKL today, 60mm of rain was recorded during this time, which was well above average.
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KUALA LUMPUR: Repair works are being carried out following a service disruption on the Kelana Jaya LRT Line, involving the track between Wangsa Maju and Sri Rampai Stations, which was caused by an unusual flow of rainwater that damaged several track components, said Rapid Rail Sdn Bhd (Rapid Rail). Rapid Rail as the operator of the Rapid KL rail service in a statement said that the incident occurred at 10.20 am which forced the operation to stop the power supply in the area involved to allow inspection and repair work to be carried out. “Repair works are being actively carried out by Rapid Rail’s technical team to ensure that services can be restored soon,“ according to the statement. For now, a feeder service has been activated between Gombak Station and Wangsa Maju Station. Trains from the direction of Putra Heights will turn back at Wangsa Maju Station. A total of 12 free feeder buses at a frequency of every 15 minutes are operating to ensure that passengers can continue their journey. “We hope that this repair work can be completed before the evening peak hour,“ said Rapid Rail. In addition, operation staff and auxiliary police personnel have been stationed at the stations involved to help facilitate the movement of affected passengers. Continuous announcements on the development of service status will be delivered through Rapid KL’s social media, at all stations, and on trains. Rapid Rail also informed that the latest development of service status will be announced at 3 pm. “Passengers are advised to plan their journeys and refer to Rapid KL’s social media to get the latest information on the service status of the Kelana Jaya LRT Line,“ said the statement. For more information, the public can contact Rapid Rail’s communications officer, Noor Natasha Mohd Irwan at 013-332 2900. Several roads in Kuala Lumpur were flooded following the continuous heavy rain that started at about 9 this morning.
ILOILO CITY – No proposal has been submitted to local officials on the proposed bridge that will link world-famous Boracay Island to mainland Malay town in Aklan province.
The Philippine Army (PA) partnered with counterparts from Australia while the Philippine Navy (PN) worked with fellow comrades-in-arms from Brunei to build their capabilities and readiness through the conduct of two separate exercises dubbed as “Kasangga” and “Seagull”.
The Parañaque City government started the distribution of early Christmas gifts to 1,505 indigent persons with disability (PWDs) from two communities in the city on Tuesday, October 15.
CAMP DANGWA, Benguet – Police seized shabu and marijuana valued at more than P9 million in the Cordillera region from October 7 to 14.
There will be no funding for new roads leading to tourist destinations under the proposed P6.532 trillion 2025 national budget due to an apparent stalemate among the Department of Budget and Management, the Department of Public Works and Highways, and the Department of Tourism.
SHAH ALAM: A total of 12,519 cases involving offences under the Weights and Measures Act (ATS) 1972 were recorded by the enforcement division of the Ministry of Domestic Trade and Cost of Living (KPDN) nationwide from 2020 to September this year. KPDN deputy-director of Enforcement (Prevention) Aris Mamat said the statistics reflected the ministry’s ongoing and proactive efforts to ensure that traders adhered to the integrity of weights and measures in buying and selling for the benefit of consumers. “KPDN is committed to protecting consumers and consistently ensuring that traders adhere to established standards. Those found to have committed irregularities or non-compliance will not evade strict enforcement actions. “A violation of the provisions under the ATS 1972 could result in a maximum fine of RM40,000, imprisonment for up to three years, or both, and the court may also order the forfeiture of the weighing instrument,” he said today. He said this after heading a team of 20 KPDN enforcement officers to perform spot checks at three petrol stations around Kuala Selangor to ensure that the fuel charged to consumers matched the amount supplied through pump dispensers. Elaborating, Aris said that the ATS 1972 enforcement compliance inspections at petrol stations led to actions against the misuse of subsidised diesel fuel under Ops Tiris, resulting in the seizure of diesel valued at approximately RM16.5 million from January to September this year. “This brings the total amount of diesel seized from 2020 to 2024 to RM52.68 million,” he said. Commenting on today’s operation, Aris said that it focused on several key aspects, including the accuracy of oil pumps and meters, testing the volume of fuel dispensed, and reviewing the maintenance records of weighing and measuring equipment. He added that checks revealed all the petrol stations involved complied with the weighing and measuring regulations set. “Regarding the enforcement actions under the ATS 1972 in Selangor, we recorded a total of 283 cases from January to September last year, with confiscated items amounting to RM2.6 million,” he said.
Warner Bros. Discovery on Tuesday announced that Max is launching in the Philippines on November 19.
The Presidential Anti-Organized Crime Commission said Tuesday that illegal Philippine Offshore Gaming Operators (POGOs) are still prolific nationwide despite the directive issued by President Ferdinand Marcos Jr. to close all operations by the end of the year.
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