Category: General

KUALA LUMPUR, Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a three-day losing streak to end higher on Wednesday as the market expects a resumption of vegetable oil demand from India for the upcoming festive season, said a trader. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the steady recovery in ultra-low sulfur diesel (ULSD) and energy prices also lifted market sentiments. ‘The bullish momentum in soybean oil futures on the Chicago Board of Trade and Chinese vegetable oil futures further fuelled the market,’ he told Bernama. Palm oil trader David Ng said CPO futures rallied above

SERDANG, The Cabinet meeting today focused on the welfare, training, future prospects and religious education of children and teenagers rescued from charity homes linked to GISB Holdings, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said. Speaking after his visit to the Laman Usahawan Desa@MAHA 2024 in Serdang, Ahmad Zahid said this would be the government’s commitment to these youths, including providing religious education. He said the Social Welfare Department(JKM) will set up dedicated facilities to ensure proper care for the rescued children and teenagers. ‘This is to ensure they are well taken off,’ he said. On whether these

KUALA LUMPUR, Bursa Malaysia pared losses at the close on Wednesday but overall market sentiment remained weak as most traders remained on the sidelines ahead of an expected US interest rate cut later tonight. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.69 points, or 0.22 per cent, to 1,660.59 from Tuesday’s close of 1,664.28. The FBM KLCI opened 0.05 of-a-point higher at 1,664.33 and moved between 1,654.0 and 1,664.78 throughout the day. Decliners outpaced gainers in the broader market 526 to 442 while 489 counters were unchanged, 1,048 untraded and nine suspended. Turnover eased to 2.30

KUALA LUMPUR, Al-Azhar Al-Sharif alums can play a role in leading Muslims worldwide and promote a peaceful, compassionate, and harmonious Islam to tackle Islamophobia, said Deputy Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan. He said Islamophobia has become increasingly concerning recently, especially in countries with a minority Muslim population. “I have had the opportunity to meet with Muslim leaders in the United Kingdom. Among their concerns are the issue of Islamophobia in countries where Muslims are the minority, as well as in other nations. “It is a new and profound phenomenon that requires a fresh framework

KOTA BHARU, The Kelantan government is monitoring the movements of Global Ikhwan Service and Business Holding (GISBH) in the state apart from being prepared to cooperate with the Royal Malaysian Police if necessary. State Islamic Development, Dakwah, Information and Regional Relations Committee chairman Mohd Asri Mat Daud said so far his party has not received any complaints of crime and misconduct from the community related to the movement. He said his party has also identified some information related to GISBH which is believed to have a school in Gong Kulim, Pasir Puteh, two charity houses in Kota Bharu and Pasir