General

JOHOR BAHRU, Four Singaporeans detained by the Royal Malaysia Police (PDRM) for involvement in illegal gambling on July 1 here, were handed over to the Singapore Police Force (SPF) today. Bukit Aman Criminal Investigation Department director Datuk Seri Mohd Shuhaily Mohd Zain said the four suspects aged 41 to 60 have prior criminal records in Singapore. He said police also detained two local women aged 29 and 34, believed to be managing gambling transactions, as a result of information shared by the Singapore authorities. ‘All six individuals were charged yesterday under Section 6(1) of the Betting Act 1953. They were

KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivatives closed higher today as the US dollar and US bond yields fell in the wake of the weak jobs report. A weaker US dollar is likely to drive the price of gold higher through increasing demand as more gold could be purchased when the greenback is lower. At the close, the spot month July 2024 contract increased to US$2,375.00 per troy ounce from US$2,370.50 per troy ounce last Friday. Meanwhile August 2024, September 2024, October 2024, December 2024 and February 2025 rose to US$2,391.00 per troy ounce from US$2,386.50 per

KUALA LUMPUR, The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Tuesday due to concerns over rising output and stock levels in the coming weeks, said palm oil trader David Ng. Additionally, the sluggishness in the soybean oil market contributed to the downward pressure on prices, he said. ‘We see the price support level at RM3,900 per tonne and resistance at RM4,050,’ he told Bernama. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said CPO futures were seen trading sharply lower today, following a selloff in Chinese vegetable oil futures during Asian trading hours, as

KOTA KINABALU, The Sabah state assembly today approved the Supplementary Supply Bill 2024 amounting to over RM1 billion from the Consolidated Fund. The bill, tabled by State Finance Minister Datuk Seri Masidi Manjun, garnered majority support after debate by 17 assemblymen. Masidi emphasised its crucial role in facilitating state government administrative operations until year-end, categorised into six expenditure segments, including RM295 million for the state development trust fund, RM288 million for operational expenses, and RM173 million for administrative costs. ‘In addition, special allocations amount to RM101 million, while investment expenditure totals RM80 million, with a final category of RM64 million

KOTA KINABALU, The Sabah Logistic Council (SLC) announced that it would identify and implement immediate measures to alleviate the current congestion at the Sapangar Bay Container Port and also prevent the need for surcharges that could burden local industries and consumers. In a statement today, the SLC said the council is fully aware of the significant impact that port congestion and potential surcharges can have on Sabah’s economy. ‘In response to recent industry grievances and issues related to Sapangar Port highlighted in the media, the SLC will be conducting a series of urgent meetings and consultations with key stakeholders,’ it