Category: General

KUALA LUMPUR, Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mostly lower on Thursday, tracking weaker soybean oil prices, a dealer said. Palm oil trader David Ng noted that lower crude oil prices also influenced market sentiment. ‘We see support at RM3,790 and resistance at RM3,950,’ he told Bernama. At the close, the spot month September 2024 contract surged RM53 to RM4,020 per tonne, while nearby October 2024 was RM28 lower to RM3,935, and benchmark November 2024 fell by RM49 to RM3,852. December 2024 and January 2025 fell by RM47 each to RM3,810 and RM3,857 per tonne, respectively,

KOTA KINABALU, The federal government today agreed to increase the interim special grant for Sabah and Sarawak from RM300 million to RM600 million starting next year, according to Deputy Prime Minister Datuk Seri Fadillah Yusof. He said this was announced by Prime Minister Datuk Seri Anwar Ibrahim during the Malaysia Agreement 1963 Implementation Action Council (MTPMA63) meeting which lasted over two hours here today. The meeting was also attended by Sabah Chief Minister Datuk Seri Hajiji Noor and Sarawak Premier Tan Sri Abang Johari Tun Openg. Fadillah, who is also the MTPMA63 Technical Committee chairman, said although the interim special

SHAH ALAM, The Section 7 lake here, which was temporarily closed due to a crocodile sighting, has reopened to the public today. In a statement, the Shah Alam City Council (MBSA) said that recreational activities, such as jogging and picnicking, can now resume as usual. MBSA also expressed gratitude to the public for their cooperation during the closure. The park had been closed from 8 pm to 7 am starting Sept 4 to facilitate efforts to capture the crocodile spotted in the area. The 1.68-metre-long saltwater crocodile was successfully trapped around 10.30 pm on the same day. Yesterday, the Selangor

SINGAPORE, The WatchFund Singapore (SG), the world’s largest luxury watch investment vehicle of its kind, and Konvi, Europe’s leading fractional luxury assets investment platform, have today announced they have jointly reached a milestone of pound 2 million in Konvi’s watch assets under management (AUM). Demand for luxury watches as investment vehicles has never been higher, as more investors seek to cash in on the strong returns produced by the asset class. The Swiss watch industry grew by 7.6% last year, reaching record export highs of CHF 26.7 billion. The market is forecast to continue this trajectory with 35% of Gen

KUALA LUMPUR, The government today succeeded in its application to stay the High Court’s decision ordering it to transfer ownership of 263.272 acres (106.542 hectares) of land in Mukim Batu here to Semantan Estate Sdn Bhd pending the disposal of the government’s appeal at the Court of Appeal. High Court Judge Datuk Ahmad Shahrir Mohd Salleh in allowing the application ruled that there are special circumstances for the court to grant the stay. According to the judge, the 263.272 acres of land, commonly accepted as the ‘Duta enclave’ has silently witnessed the construction of a number of government complexes, sports