<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 16): Malaysia&nbsp;has maintained its November export tax for crude palm oil at 8%, and raised its reference price, a circular on the&nbsp;Malaysian Palm Oil Board (MPOB)&nbsp;website showed on Wednesday.</div>

<div class=newsTextDataWrapInner>The world’s second largest palm exporter calculated a reference price of RM3,949.73 (US$918.54) per metric tonne for November. October’s reference price was RM3,839 a tonne.</div>

<div class=newsTextDataWrapInner>The export tax structure starts at 3% for crude palm oil in a RM2,250-RM2,400 per tonne range. The maximum tax rate is set at 8%, when prices exceed RM3,450&nbsp;a tonne.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Uploaded by Liza Shireen Koshy</div>

KUALA LUMPUR (Oct 16): Malaysia has maintained its November export tax for crude palm oil at 8%, and raised its reference price, a circular on the Malaysian Palm Oil Board (MPOB) website showed on Wednesday.

Malaysia keeps November crude palm oil export duty at 8% — MPOB

Last Thursday, Human Resources Minister Steven Sim told Parliament that Datuk Shahul Hameed Dawood has resumed his role of CEO at Human Resources Development Corporation (HRD Corp) after being put on administrative leave in mid-July to facilitate the Malaysian Anti-Corruption Commission (MACC)’s probe into allegations of misconduct at the entity.

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SARAWAK is expected to announce by the end of the month plans for the development of a deep-sea port with liquefied natural gas (LNG) facilities. The port is estimated to cost between RM25 billion and RM30 billion and will be located off the coast of Kuching. 

Currently, details ab...

Sarawak to unveil plans for a RM30 bil deep-sea port off the coast of Kuching

Kitchen cabinet manufacturer Signature International Bhd (KL:SIGN) saw its net profit more than doubled to RM28.3 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM14.1 million a year earlier, thanks to higher profit margins from project revenue.

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Malaysia's hiring outlook continues to see some mismatch in benefits expectations between organisations and professionals going into 2025, which forms roadblocks for organisations looking for the right talent, a survey showed.

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The criminal appeal at the Court of Appeal for Muar Member of Parliament Syed Saddiq Syed Abdul Rahman is faced with another delay as the record of appeal, which contains the High Court judgement and is needed for the young politician’s defence team to prepare its grounds of appeal, is still not ready more than a year after his conviction.

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Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

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Singapore’s core inflation in October slowed to the weakest pace since December 2021, as heathcare and recreation price gains eased.

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Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next US Treasury secretary.

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Normally, a company should be able to fund its working capital from its operations. It is not healthy to keep operations running by using money from borrowings or funds kept for expansion.

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Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.

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The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.

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Asian stocks rallied with US equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next US Treasury secretary, with investors expecting he will be a voice for markets in Washington.

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IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.

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The Indonesian sister company of Mr DIY Group (M) Bhd will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.

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The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).

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Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.

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Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.

In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.

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The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.

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Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.

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The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.

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Sarawak is set to finalise the sale and purchase agreement for MASwings, a subsidiary regional airline of Malaysia Aviation Group (MAG), by next month, said Premier Tan Sri Abang Johari Tun Openg.

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The global frenzy in AI has turned an obscure Japanese company into a stock-market star.

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Malaysia must strengthen its collaboration&nbsp;with other countries to mitigate the risks posed by a fragmented global supply chain, especially amid escalating US-China trade tensions, following Donald Trump’s return to the US presidency, Deputy Investment, Trade and Industry Minister Liew Chin Tong said on Monday.

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The US is using Taiwan to provoke a serious crisis in Asia, Russian Deputy Foreign Minister Andrei Rudenko told TASS news agency in remarks published on Sunday, reiterating Moscow's backing of China's stance on Taiwan.

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CGS International expects Affin Bank Bhd's (KL:AFFIN) net profit for the fourth quarter ending Dec 31, 2024 (4QFY2024) to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision.

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Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

TMK Chemical Bhd, set to list on Bursa Malaysia's Main Market in December,&nbsp;plans to double its annual manufacturing capacity, with its second plant funded by the initial public offering (IPO) proceeds.

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The need for legislation on the dissemination of fake information, inefficiencies in the Radio Frequency Identification (RFID) system, and the standardisation of toll payments are among the issues set to be discussed in the Dewan Rakyat on Monday.

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Sarawak Plantation Bhd (KL:SWKPLNT) is expected to see a strong performance in the fourth quarter ending Dec 31, 2024 (4QFY2024) on the back of rising crude palm oil (CPO) prices and operational improvements, said analysts.