Category: General

KUALA LUMPUR, Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, tracking weakness in the Chicago Board of Trade’s soybean oil futures overnight and lower crude oil prices, said palm oil trader David Ng. Besides, Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the profit-taking activities are still happening, which makes CPO futures come under large sell-off. ‘Concerns over peak prices after palm futures neared the highest close in the year triggered impulsive downward momentum,’ he told Bernama. At the close today, the spot month October 2024 contract decreased by RM20 to RM4,350 per tonne,

KUALA LUMPUR, The government will continue to streamline the development framework of the East Coast Economic Region (ECER) for the next five years so that efforts to bridge the development gap between regions and attract more investments to the east coast can be realised. Prime Minister Datuk Seri Anwar Ibrahim said among the main drivers of growth for the region include industries related to the food basket, tourism, manufacturing (hard-to-abate) and the marine industry. The role of the logistics sector and renewable energy is also considered as an enabler for ECER. “This evening I chaired the East Coast Economic Region

KUALA LUMPUR, A total of 474,982 individuals have contributed to Housewives’ Social Security Scheme (SKSSR) through the Social Security Organisation (Socso) as of Sept 30 this year. Human Resources Minister Steven Sim Chee Keong said the number reached 95 per cent of the 500,000 targeted to register for SKSSR this year. He said the flexibility in the method of payment of contributions that can be made either by the husband, the housewife herself, a family member or a third party was identified as one of the contributing factors to the success of the scheme. “The achievement reflects the government’s determination

KUALA LUMPUR, Kuala Lumpur City Hall (DBKL) has activated its operations room to monitor any incidents, particularly floods. Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa said the operations room is overseen by personnel monitoring closed-circuit television (CCTV) cameras to detect any rise in water levels in identified areas. She said that among the 24 flood hotspots in the federal capital are Jalan Pudu, Jalan Sultan, Dato’ Onn Roundabout, Jalan Peel, Jalan Maharajalela, and Jalan Genting Klang. ‘When we detect a rise in water levels, we will take immediate action,” she told reporters after inspecting flood-affected areas

KUALA LUMPUR, A recent assessment by the Mineral and Geoscience Department (JMG) and the Public Works Department (JKR) has confirmed ongoing ground movement at the landslide site on Jalan E6, Taman Melawati. In view of this, Ampang Jaya police chief ACP Mohd Azam Ismail said the affected hillside area will be covered with plastic sheeting to prevent soil erosion and reduce further movement of the ground. ‘Findings indicate that the ground movement is primarily occurring on the left side of the slope. ‘We plan to install a canvas measuring 30 metres in length and 20 metres in width today, and