Malaysian Palm Oil Council (MPOC) expects Malaysia’s palm oil prices to remain resilient, trading above RM3,700 in February, with resistance expected at RM3,950, despite the weak global demand for the vegetable oil.

Malaysian palm oil prices to stay above RM3,700 despite global demand slump, says MPOC

KUALA LUMPUR (Feb 14): Sarawak-based engineered solutions provider Pansar Bhd has bagged a RM130 million contract from Borneo Development Corp (Sarawak) Sdn Bhd (BDC) to construct an infectious disease centre at Muara Tuang Land in Sg Jernang, Samarahan, Sarawak.

Pansar bags RM130 mil job in Sarawak

Datuk Chandran Rama Muthy has returned as the chief executive officer (CEO) of full service carrier Batik Air Malaysia, effective from Feb 1.

Chandran Rama Muthy returns as CEO of Batik Air Malaysia

Malaysia Airlines has unveiled MHrail, a service that offers passengers integrated rail connections through a unified booking system.

Following this initiative, the airline has expanded its collaboration with AccesRail, a provider of air-rail intermodal solutions.

Malaysia Airlines unveils MHrail in partnership with AccesRail

KUALA LUMPUR (Feb 7): LFE Corp Bhd has secured a RM10.97 million contract from Puncakcity Development Sdn Bhd (PDSB) for earthworks and related works.

In a statement on Wednesday, LFE detailed that its wholly owned subsidiary, LFE Engineering Bhd, has been appointed as the contractor for the project.

LFE's wholly owned subsidiary secures RM11 mil earthworks contract from PDSB

In a move towards the development of smart cities in Malaysia, Gamuda Land has announced a collaboration with Digital Nasional Bhd (DNB), marking a key step in enhancing 5G connectivity and infrastructure within its townships.

Gamuda Land partners DNB to drive smart city initiatives with 5G technology

Construction and mechanical and electrical service provider LFE Corp Bhd is buying 84 pieces of freehold land in Gurun, Kuala Muda, Kedah from private limited firm Aziho Trading Sdn Bhd for a total of RM1.03 million cash.

LFE Corp to buy Gurun land for property development business expansion

A number of Malaysian employers are hesitant to incorporate artificial intelligence (AI) into their recruitment processes, according to workforce solutions and recruitment services provider Hays Malaysia.

Malaysian employers slow to adopt AI in recruitment, says Hays

Malakoff Corporation Bhd, an energy generation and environmental solutions company, has recently achieved a milestone by securing a “Gold” Impact Assessment from Malaysian Rating Corporation Bhd (MARC Ratings) for its sustainable finance framework.

Malakoff achieves 'Gold' Impact Assessment for sustainable finance framework

Stainless steel products supplier TSA Group Bhd kicked off its ACE Market debut on Bursa Malaysia on Friday by opening at 58 sen, up three sen or 5.5% from its initial public offering (IPO) price of 55 sen.

TSA Group kicks off ACE Market debut with 5.5% gain

DAP has welcomed Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi's willingness to collaborate with Pakatan Harapan (PH) to strengthen the unity government in facing the 16th general election (GE16).

Loke welcomes Zahid's statement to strengthen unity govt for GE16

The voting process for the Sungai Bakap state by-election concluded on Saturday after all nine polling centres, which opened at 8am, officially closed at 6pm.

Polling ends, vote-tallying begins for Sungai Bakap state by-election

The value of Malaysia's halal exports reached RM54 billion in 2023, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia's halal exports hit RM54b in 2023, says Zafrul

The Selangor Water Management Authority (LUAS) detected an oil spill at the Jalan Tangki flood gate in Port Klang near here at around 11am on Friday.

Oil spill detected at Port Klang

Sarawak, which is rich in cultural heritage and rapidly growing in the technological scene, has great potential in the global gaming industry and to become a world hub for game development innovation, said Deputy Digital Minister Datuk Wilson Ugak Anak Kumbong.

Sarawak has game development potential — deputy digital minister

US President Joe Biden survived the most critical day of his campaign reset, avoiding major missteps in a pivotal prime-time interview and earning a warm reception at a raucous Wisconsin rally.

Biden clings to campaign, but scepticism among allies persists

Jordan Bardella has helped steer France's far-right National Rally (RN) towards its first real chance of power, the rapidly emerging fresh face of a party that has sought to clean up its image and widen its appeal in recent years.

Le Pen's investment in far-right Bardella pays off ahead of French election

The Melaka government is urging for the construction of the waste-to-energy (WTE) plant at the Sungai Udang Sanitary Landfill to be expedited, as the tender was awarded over two years ago.

Melaka exco urges expedited construction of waste-to-energy plant

The government is focusing on the recovery of 1Malaysia Development Bhd (1MDB) assets, following the settlement agreement between the US Department of Justice (DOJ) and fugitive Low Taek Jho, also known as Jho Low, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Malaysia's priority is repatriation of 1MDB assets — home minister

Around 5,700 residents were relocated after waters breached a dike at China's second-largest freshwater lake in the south of the country, while rescue workers rushed to contain further damage from outflows, Chinese state media said on Saturday.

Residents relocated after dam breach at China's second-largest freshwater lake

Bank Negara Malaysia (BNM) clarified on Saturday recent commentaries related to the implementation of co-payment requirements for medical and health insurance and takaful (MHIT) products, saying it aims to promote sustainability and affordability.

Co-payment requirements for medical and health insurance and takaful products to promote sustainability, affordability — BNM

Bursa Malaysia’s average daily trading value&nbsp;surged 59% to RM3.27 billion&nbsp;in the first half of the year (1H2024), from RM2.06 billion for the same corresponding period in 2023, showing that trading on the equity market is thriving.

Bursa's 1H average daily trading value up 59% to RM3.27b — CEO

Premier Tan Sri Abang Johari Tun Openg has indicated that there will be an official signing ceremony for Sarawak to acquire a major stake in “a bank” — widely understood to be Affin Bank Bhd (KL:AFFIN) — on July 19.

Sarawak premier hints at formalising Affin Bank deal on July 19

An eight-day winning streak for Tesla Inc&nbsp;shares sent the world’s most valuable automaker into positive territory for the first time this year.

Tesla shares on track to turn positive for 2024 after US$200b rally

Global&nbsp;stocks rose while US&nbsp;Treasury yields dipped on Friday after highly anticipated jobs data boosted market expectations of a Federal Reserve (Fed) interest-rate cut.

World stocks rise, US yields dip amid jobs data, UK labour landslide

Lawmakers will debate the latest Auditor-General’s (AG) Report 2/2024 when parliament resumes session this week following a one-day break for Awal Muharram on Monday.

The Week Ahead: Attention on AG’s Report debate, Bank Negara’s monetary policy meeting and Johor Plantations’ IPO

Equities in China and India are being touted as potential outperformers in Asia in the second half of the year (2H2024), as investors flock to emerging-market (EM) themes.

Chinese, Indian stocks favoured over Japan in Asia’s 2H

The Ministry of Rural and Regional Development will resolve the RM286.30 million loss of Mara Incorporated Sdn Bhd (Mara Inc) highlighted in the Auditor General's Report and ensure it does not recur, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Zahid: Mara Inc to ensure no recurrence of loss as shown in AG's Report

Polling for the Sungai&nbsp;Bakap&nbsp;state by-election kicked off at 8am on Saturday, and 38.3% of the 39,222 registered ordinary voters had come out to vote as of 1pm, according to the Election Commission (EC).&nbsp;&nbsp;

Sungai Bakap state by-election: 38.3% voter turnout as of 1pm

Nine polling centres with&nbsp;65 voting streams opened simultaneously at 8am on Saturday for the Sungai&nbsp;Bakap state by-election.

Sungai Bakap state by-election: Nine polling stations open at 8am

Much of the reporting last month about the “non-renewal” of a decades-old “petrodollar agreement” between Saudi Arabia and the United States was riddled with inaccuracies and half-truths. Some outlets even went so far as to allege that Saudi Arabia would “stop using the US dollar for oil sales.” ...

The Eclipse of the Petrodollar — The New Global Economy

The government is focusing on the recovery of 1Malaysia Development Bhd (1MDB) assets, following the settlement agreement between the US Department of Justice (DOJ) and fugitive Low Taek Jho, also known as Jho Low, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Türkiye will soon unveil an agreement with BYD Co&nbsp;to construct a US$1 billion (RM4.71 billion) plant in the west of the country, Turkish officials said, boosting the Chinese carmaker’s presence in Europe at a time of escalating trade tensions.

China’s BYD to build US$1b EV plant in Türkiye, Bloomberg reports

The percentage of voter turnout among young people in the Sungai Bakap state election on Saturday morning was encouraging, said Election Commission (EC) chairman Datuk Seri Ramlan Harun.&nbsp;

Encouraging turnout of young voters for Sungai Bakap state by-election, says EC

The government will conduct further review concerning the two foreign worker management systems alleged to have overlapping functions, as revealed by the Public Accounts Committee (PAC) on Wednesday.

Govt to review overlapping functions of foreign worker management systems after PAC findings

The voting process for the Sungai Bakap state by-election concluded on Saturday after all nine polling centres,&nbsp;which opened at 8am, officially closed at 6pm.

Iran's president-elect, low-profile moderate Masoud Pezeshkian&nbsp;carries the hopes of millions of Iranians seeking less restrictions on social freedoms and a more pragmatic foreign policy.

Iran's Pezeshkian brings hopes of moderation after routing hard-line rival

Around 5,700 residents were relocated after&nbsp;waters breached a dike at&nbsp;China's second-largest freshwater&nbsp;lake in the south of the country, while rescue workers rushed to contain further damage from outflows, Chinese state media said on Saturday.

The Melaka government is urging for the construction of the&nbsp;waste-to-energy (WTE) plant at the Sungai Udang Sanitary Landfill to be expedited, as the tender was awarded over two years ago.

The Ministry of Plantation and Commodities will collect data related to the costs involved from all players in the palm oil industry before any decision regarding the windfall profit levy (WPL) on palm oil in this country is sent to the Ministry of Finance (MOF).

Cheryl Tan

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