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Datuk nabbed in crude palm oil sales tax evasion case
KOTA KINABALU: Graft busters have arrested a former public servant with a Datuk title over alleged evasion of millions of ringgit in Sabah's crude palm oil sales tax.
Petrol prices reach new high in Singapore - above RM10 per litre, despite softer oil prices and amid record profits by energy firms
Fuel pump prices have reached another new high, with posted rates breaching previous records in early March - even though oil prices are around 15 per cent lower than in March.
IOI Corp posts RM411mil earnings in 3Q22
KUALA LUMPUR: IOI Corp Bhd’s net profit rose 2.5% to RM411.2mil in the third quarter ended June 30 (3Q22) from RM401.3mil a year ago due to higher contribution from the plantation segment.
Govt guarantees only disease-free cattle will be imported for Aidiladha
SERDANG: The government has given an assurance that cattle to be imported from Thailand for sacrificial worship ahead of Aidiladha will be those free of lumpy skin disease (LSD) and foot and mouth disease (FMD).
G7 to pledge billions in new lifeline for Ukraine economy
KOENIGSWINTER, Germany (Reuters) - The Group of Seven's financial leaders are expected to unveil billions of dollars in new aid to Ukraine on Friday and promise enough money to keep the country's devastated economy afloat as long as it fights against Russia's invasion.
KLCI closes at day's low, ringgit strengthens 0.32%
KUALA LUMPUR: The FBM KLCI gave up early gains to close at the day's low on Friday, while the ringgit climbed marginally against the US dollar.
Emerging markets: Indonesian rupiah firms as palm oil export ban ends as Asian shares rise
Emerging Asian equities and currencies gained after China cut a key lending rate to support the economy, and as the dollar and U.S. yields lost steam, while the Indonesian rupiah firmed after the government said it would lift an export ban on palm oil.
Philippines establishes coast guard outposts in disputed sea
The Philippines has established three coast guard outposts on three islands in the disputed South China Sea to monitor ship movements and promote safety, coast guard officials said Friday, amid increasing maritime tensions with China.
Oil falls on uncertainty over fuel demand recovery
OIL prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand.
Sime Darby Plantation's 1Q net profit lifted to RM718mil on higher CPO, PK prices
KUALA LUMPUR: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhd's net profit in the first quarter ended March 31, 2022, to RM718mil, a 27.76% increase over RM562mil in 1Q21.
