Day: July 9, 2024

KUALA LUMPUR, The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Tuesday due to concerns over rising output and stock levels in the coming weeks, said palm oil trader David Ng. Additionally, the sluggishness in the soybean oil market contributed to the downward pressure on prices, he said. ‘We see the price support level at RM3,900 per tonne and resistance at RM4,050,’ he told Bernama. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said CPO futures were seen trading sharply lower today, following a selloff in Chinese vegetable oil futures during Asian trading hours, as

JOHOR BAHRU, Four Singaporeans detained by the Royal Malaysia Police (PDRM) for involvement in illegal gambling on July 1 here, were handed over to the Singapore Police Force (SPF) today. Bukit Aman Criminal Investigation Department director Datuk Seri Mohd Shuhaily Mohd Zain said the four suspects aged 41 to 60 have prior criminal records in Singapore. He said police also detained two local women aged 29 and 34, believed to be managing gambling transactions, as a result of information shared by the Singapore authorities. ‘All six individuals were charged yesterday under Section 6(1) of the Betting Act 1953. They were

KOTA KINABALU, A total of 18 semi-permanent houses was destroyed in a fire that occurred this afternoon in Kampung Kuala Abai, Kota Belud, 68 kilometres from here. The operations centre of the Fire and Rescue Department (JBPM) in Sabah said a call on the incident was received at about 3.43 pm before firemen were deployed to the scene 13 km away. ‘The blaze was brought under control at 5.20 pm and extinguishing work was still being carried out using 500 feet of fire hose, including drawing open water from streams and a nearby river,’ the centre said. The effort took

KUALA LUMPUR, Issues regarding the Human Resource Development Corporation (HRD Corp) highlighted in the Auditor-General’s Report Series 2 2024 took centrestage during today’s Dewan Rakyat session. Khoo Poay Tiong (PH-Kota Melaka) urged for a comprehensive investigation into HRD Corp, especially from 2020 to 2022, including the possibility of power abuse. ‘So much misappropriation has occurred. Whose orders, who instructed them till they dared to commit such wrongs. (For instance) the Tapah office building, why make it in Tapah? The answer (according to the report) at the particular time, the minister was from Tapah,’ he said. Voicing his support, Hassan Abdul

KANGAR, The Ministry of Education (MOE) is still detailing the proposal to provide a cost of living allowance for students and an allowance for senior assistants in Form Six as part of efforts to rebrand Form Six education in the country. Minister Fadhlina Sidek said these details need to be finalised before the proposal is brought to the budget level and the Finance Ministry. “So, among the initiatives we want to focus on is looking at their allowance aspects, the role played by the administration at the Form Six College level, and also a larger role to see how this