Day: October 11, 2024

The Kuala Lumpur rubber market finished mixed on Friday amid weaker advice from the regional rubber futures markets and declining benchmark crude oil prices as the ringgit strengthened against the US dollar, a dealer said. She said market sentiment was also dented by concerns over the escalation of the Middle East conflict. ‘Nonetheless, further losses were capped, as sentiment was supported by the optimism for further Chinese stimulus and improved global economic data,’ she told Bernama. She said oil prices declined on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as

The ringgit rebounded against the US dollar to end marginally higher today, as the greenback retreated after key United States (US) inflation data came in above expectations. At 6 pm, the local note rose to 4.2865/2910 versus the US dollar compared to Thursday’s close of 4.2910/2940. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the higher-than-expected US consumer price index (CPI) of 2.4 per cent in September suggests that inflation rate remains sticky. Nevertheless, rising initial jobless claims to the highest of the year at 258,000 last week indicates signs of weakening labour market, he

A Malay Studies Chair will be established at a university in Russia to empower the study of the Malay language at the international level, says Higher Education Minister Datuk Seri Dr Zambry Abd Kadir. Zambry, who is in St Petersburg, Russia, leading the Malaysian delegation to the Third Meeting of the Joint Commission for Economic, Scientific, Technical and Cultural Cooperation Malaysia-Russia (JCESTC) said that he and his Russian counterpart, Minister of Science and Higher Education Valery Falkov, have agreed to the proposal. “This matter will be further discussed at a higher level before it is finalised as Bahasa Melayu is

A director of two companies pleaded not guilty in the Sessions Court here today to a charge of establishing a business without the approval of their respective annual general meetings for personal benefit. Tan Chong He, 50, was charged as a director of Kualiti Ayu Sdn Bhd and Seong Eng Sdn Bhd, without the approval of the respective companies’ annual general meetings, of being involved in a business that competes with the said companies by establishing Nicenco Resources Sdn Bhd. The accused was charged with establishing Nicenco Resources Sdn Bhd to obtain, directly or indirectly, benefits for himself through the

Police arrested a foreign woman suspected of obstructing traffic and committing public nuisance in Setia Alam two days ago. Shah Alam police chief ACP Mohd Iqbal Ibrahim said that a urine test revealed the 32-year-old woman, who recently went viral on social media, tested positive for tetrahydrocannabinol (THC). He said the woman, identified as a homeless individual, entered Malaysia four years ago as a tourist but failed to return to her home country due to the COVID-19 pandemic and lack of funds. Prior to the arrest, police received a call from a member of the public around 4.50 pm regarding