Day: October 16, 2024

KUALA LUMPUR, Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Wednesday, tracking gains in the Chicago Board of Trade’s soybean oil futures overnight. Palm oil trader David Ng said better export prospects and a weaker production outlook also lifted sentiment for the golden crop. ‘Export estimates point to an increase in export pace this month, while production surveys indicate weaker production output, which may lower the overall stock level in the country. ‘Hence, this is seen as price-supportive for CPO futures,’ he told Bernama. Therefore, Ng foresees the support level at RM4,280 per tonne

KUALA LUMPUR, Malaysia serves as a key gateway for Taiwan’s exports to Asian countries due to the many parallels in their development journeys, said Kaohsiung Deputy Mayor Charles Lin. He said both Malaysia and Taiwan share common goals in the semiconductor industry, the development of the startup ecosystem, and their vision for smart cities. ‘The city government’s priority is to provide subsidies for the six companies we are bringing to the Selangor Smart City and Digital Economy Convention (SDEC) 2024 to help them explore business opportunities abroad. ‘Our research indicates that Malaysia is the top choice for Taiwan to begin

KUANTAN — TNB Power Generation Sdn Bhd (TNB Genco) has confirmed that there are no water release operations at the Susu Dam, Ulu Jelai Power Station in Ringlet, Cameron Highlands today, contrary to recent social media claims. Cameron Highlands Power Station general manager, Sa’aidan Abu Hassan clarified that a letter circulating online falsely alleged that the Ulu Jelai Power Station would release water through its spillway, potentially raising water levels to dangerous heights downstream. ‘I would like to inform and emphasise that no water release operations will take place today or throughout the current monsoon period at any of our

SEREMBAN, The body of a man was found by members of the public in a water retention pond next to the North-South Highway at Kilometre (KM) 240.8 here at 1.30 pm yesterday. Seremban police chief ACP Mohamad Hatta Che Din said the scene of the incident was a feeder pond linked to the Taman Pinggiran Senawang reservoir which flows directly into Sungai Simin, Rantau. He said the deceased, aged around 20 years, was found lying on his back on the concrete floor of a shallow pool of water. “The pool is some nine metres below an iron bridge, with a

KUALA LUMPUR, The government is fully committed to solving the citizenship issue involving around 30,000 permanent resident status holders or MyPR who do not have entry permits or foreign travel documents. Home Affairs Minister Datuk Seri Saifuddin Nasution Ismail said these people comprised individuals who were adopted as children, those who were born before Merdeka and were in this country before the formation of the Federation of Malaysia. “The Home Ministry has already finalised the very clear and transparent application guidelines, especially under Article 15A and 19(1) of the Federal Constitution,” he told a press conference at Parliament Building today.