Day: October 4, 2024

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Friday amid rising crude oil prices, a dealer said. Palm oil trader David Ng said the price hike was driven by the expectation of a strong export CPO pace and escalating tension in the Middle East. ‘We see support at RM4,180 and resistance at RM4,350,’ he told Bernama. At the close, the spot month October 2024 contract surged RM133 to RM4,400 per tonne, November 2024 rose RM123 to RM4,355, while the benchmark December 2024 increased RM118 to RM4,300. The January 2025 contract gained RM110 to RM4,243 per tonne,

The Residensi Klebang 2 housing project under Perbadanan PR1MA Malaysia (PR1MA) here is almost 99 per cent complete and is expected to conclude soon, says Melaka Housing and Local Government, Drainage, Climate Change and Disaster Management Committee senior chairman Datuk Rais Yasin. He said the remaining work of the 800-unit apartment project only involved infrastructure development. ‘I was informed by PR1MA earlier regarding Residensi Klebang 2, and they have committed to completing the project as soon as possible… only less than two per cent remains, and it is only an infrastructure issue. ‘I have received many complaints from buyers who

The International Air Transport Association (IATA) are reminding governments of all countries about the importance of protecting civil aviation, including airport and air navigation infrastructure, during times of conflict. Its director-general, Willie Walsh said as an industry that requires the effective implementation of global standards to operate, aviation upholds global standards and the international rules-based order on which they rely. ‘Civil aviation fulfils a purpose that transcends politics to create and preserve friendship and understanding among the nations and peoples of the world,’ he said in a statement today. He added that it is the unquestionable obligation of governments under

The Sessions Court here today ordered an activist to defend himself on a charge of issuing a statement on his Facebook page that was mixed with sedition and for insulting the Yang di-Pertuan Agong, three years ago. Judge Datuk MM Edwin Paramjothy made the ruling after finding that the prosecution succeeded in proving a prima facie case against Iswardy Morni, 47, at the end of the prosecution’s case. ‘Therefore the accused was ordered to defend himself,’ he said. The prosecution was led by Deputy Public Prosecutor Iznina Hanim Hashim while the accused was represented by counsel Faizal Rahman. A total

A chargeman at an institute in Penang has been remanded for six days until Oct 9 for allegedly soliciting a bribe of RM30,000 in return for securing a civil repair service contract at his workplace. The remand order against the man in his 30s was issued by Magistrate Mohamad Azlan Basri following an application by the Malaysian Anti-Corruption Commission (MACC) at the George Town Magistrate’s Court today. According to a source, the suspect, who serves as the project superintendent at the institute, allegedly requested the bribe from a manager of the company that was awarded the civil repair service contract