Day: August 13, 2024

KUALA LUMPUR, The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today, tracking the decline in soybean oil prices particularly on the Chicago Board of Trade (CBOT), according to palm oil trader David Ng. He said that ongoing concerns about weak export performance also weighed on the CPO prices. “We see support at RM3,600 per tonne, a level where buying interest is anticipated to emerge, potentially halting further declines and providing a floor for the market. ‘Conversely, resistance is at RM3,850 per tonne, a level where selling pressure is expected to increase, potentially capping gains and

SEREMBAN, The Negeri Sembilan government has fulfilled 95 per cent of the Negeri Sembilan Unity Aspiration manifesto outlined in the state election even though the new government is only a year old, said Menteri Besar Datuk Seri Aminuddin Harun yesterday. He said some of the initiatives under the Sejahtera Rakyat Scheme included marriage assistance of RM500 to each resident who started a household for the first time and an annual contribution of RM200 to seniors, aged 70 and above. He said that in addition to that, the cooperation between the parties in the Unity Government in this state is also

SEPANG, National track cycling champion Datuk Mohd Azizulhasni Awang plans to take some time to consider whether to continue his cycling career and compete at the 2028 Los Angeles Olympics or to retire. The Pocket Rocketman said he needed to sit down with his family and discuss matters before making a decision, while admitting that his coach John Beasley and his teammates had persuaded him to carry on till the next Olympics. ‘After the race (at the Paris Olympics), John and Shah (Muhammad Shah Firdaus Sahrom) and the team expressed their hope that I would consider going for Los Angeles

KUALA LUMPUR, Communications Minister Fahmi Fadzil described Machang Member of Parliament Wan Ahmad Fayhsal Wan Ahmad Kamal as an ‘attention seeker’ in response to the latter’s challenge for a debate on the sale of Malaysia Airports Holdings Bhd shares to BlackRock Inc. He said Wan Ahmad Fayhsal should be more knowledgeable about the rules if he wants to debate an issue. ‘He is a person who craves attention and if he wants to debate he should not bring a poison-pen letter to Parliament… he should come to Parliament and debate according to the rules. ‘I believe he is simply seeking

KUALA LUMPUR, Halal Development Corporation Berhad (HDC) today hosted the head of the Republic of Tatarstan, Rustam Minnikhanov, as part of his official visit to Malaysia from Aug 12 to 13. This visit builds on the strong connections established during HDC’s participation in the Kazan Forum in May this year. HDC, in a statement today, said that the visit highlights the strengthening ties between Malaysia and the Republic of Tatarstan, particularly in the rapidly growing global halal economy. Minnikhanov, accompanied by Ambassador of the Russian Federation to Malaysia Nail Latypov and Deputy Prime Minister and Minister of Economy of the