Category: General

Agencies under the Entrepreneur Development and Cooperatives Ministry (KUSKOP) are offering assistance and moratorium to ease the burdens faced by entrepreneurs affected by floods in northern Peninsular Malaysia. In a statement today, the ministry said that TEKUN Nasional is offering a moratorium of up to six months for entrepreneurs struggling to repay their loans due to flood-related challenges. ‘Affected entrepreneurs are also allowed to withdraw funds from their financing accounts and reschedule their repayment,’ it said. According to KUSKOP, TEKUN entrepreneurs experiencing damage to their business premises and inventory can apply for overlapping financing to help restart their businesses. ‘To

PETRONAS Abu Dhabi Sdn Bhd (PETRONAS Abu Dhabi), a wholly-owned subsidiary of PETRONAS, was granted a new oil and gas exploration concession in Onshore Block 2, by the Supreme Council for Financial and Economic Affairs (SCFEA). Under the agreement, PETRONAS Abu Dhabi will hold 100 per cent equity and assume operatorship during the exploration period. Source: BERNAMA News Agency

Manila: Finance Secretary Ralph Recto has assured the public the Department of Finance (DOF) and the Bureau of Customs (BOC) are ready to fully implement the anti-agri economic sabotage law to end agricultural smuggling, profiteering, and hoarding. In a statement on Friday, Recto said Republic Act 12022 or the Anti-Agricultural Economic Sabotage Act, signed by President Ferdinand R. Marcos Jr. on Thursday, will put an end to rampant smuggling, cartels, profiteering, and hoarding of agricultural products to ensure food security for Filipinos. ‘The new law gives more teeth to the government to relentlessly run after smugglers whose illegal activities undermine

The police are on a manhunt for three local men wanted for a house burglary in the Telok Panglima Garang residential area here on Sept 20. Kuala Langat District police chief Supt Ahmad Ridhwan Mohd Nor stated that during attempts to stop them, the suspects fled after colliding with an officer on a motorcycle. The officer did not sustain any injuries. He explained that the police had received an emergency call from a local man around 2.40 pm, about unknown individuals entering his neighbour’s house. “When a team of officers arrived at the scene, the suspects, who were in a

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended lower today. Spot month September 2024 fell 12.0 points to 1,658.5, October 2024 declined 10.5 points to 1,663.5, December 2024 edged down 9.0 points to 1,670.0 and March 2025 slipped 10.0 points to 1,655.5. Turnover dropped to 34,934 lots from 84,196 lots on Thursday, while open interest reduced to 90,858 contracts from 139,450 contracts previously. The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 11.23 points, or 0.67 per cent, to settle at 1,660.09 from Thursday’s close of 1,671.32. Source: BERNAMA News Agency