Category: General

ALOR SETAR, The Kedah government has activated the Disaster Operations Control Centre (PKOB) in preparation for the monsoon transition phase, which is expected to start tomorrow and last until early November. State Housing, Local Government and Health Committee chairman Major (Rtd) Mansor Zakaria said the centre operates in collaboration with various agencies and departments to ensure assistance for the public during disasters such as floods and storms. ‘We have acted early; the PKOB in Kedah is operational even in the absence of disasters or during minor incidents. In the event of major incidents, we activate the centre in each district,

KUALA LUMPUR, Bursa Malaysia trended in a tight range and closed easier today as it has entered into a consolidation mode following two days of uptrend, said an analyst. The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.52 points, or 0.21 per cent, to 1,665.30 at the close from Friday’s close of 1,668.82. It opened 1.09 points firmer at 1,669.91, trading between 1,658.48 and 1,671.62 throughout today’s session. In the broader market, decliners outpaced gainers 675 to 458, while 500 counters were unchanged, 894 untraded and 30 suspended. Turnover fell to 3.36 billion units worth RM3.17 billion from Friday’s 4.19

KUALA LUMPUR, LyondellBasell (LYB) advanced its journey toward sustainable growth and value creation by laying the foundation of its first, catalytic advanced recycling plant at its Wesseling, Germany site. German Federal Chancellor Olaf Scholz and North Rhine-Westphalia Minister-President Hendrik Wst attended the celebrations, underscoring the project’s importance for both the region’s and Germany’s goals for a circular, low carbon economy. Targeted startup for the new unit is set for 2026, as part of the company’s strategy to build a profitable Circular and Low Carbon Solutions business. Its Chief Executive Officer, Peter Vanacker said with investments like these, the company is

KUALA LUMPUR, The ringgit closed marginally higher against the US dollar on Monday as a lower domestic inflation rate helped to extend its recent gains, an analyst said. At 6 pm, the local currency climbed to 4.2000/2060 against the greenback, compared to last week’s close of 4.2005/2070. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that Malaysia’s latest consumer price index (CPI) print for August 2024 came in at 1.9 per cent, lower than the 2.0 per cent rate for three consecutive months before August. He said this indicated strong economic growth in Malaysia, with inflation

KUALA LUMPUR, To date, a total of 153 accounts linked to GISB Holdings Sdn Bhd (GISBH) worth RM882,795.94 have been frozen, said Inspector-General of Police Tan Sri Razarudin Husain. He said 38 vehicles, estimated to be worth RM3.94 million, and 14 plots of land, the value of which is still under investigation, were also seized. The freezing of the accounts was carried out under Section 44(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act, while the seizures were made under Section 45(2) of the same act. “A total of 26 animals, consisting of nine horses, 14