Latest news with #133
New Straits Times
03-07-2025
- Business
- New Straits Times
Palm flat as strong Dalian oils counter weak crude, Chicago soyoil
KUALA LUMPUR: Malaysian palm oil futures traded in a tight range early on Thursday as support from rival Dalian oils offset the weakness in crude oil and Chicago soyoil. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained RM2, or 0.05 per cent, to RM4,064 (US$963.03) a metric tonne. The contract rose 2.37 per cent on Wednesday. Dalian's most-active soyoil contract rose 0.35 per cent, while its palm oil contract added 1.07 per cent. Soyoil prices on the Chicago Board of Trade (CBOT) fell 0.67 per cent. Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market. Oil prices eased, reversing Wednesday's gains, on concerns over weak US demand after government data showed a surprise stock buildup in the world's biggest crude consumer. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, strengthened 0.14 per cent against the US dollar, making the commodity slightly more expensive for buyers holding foreign currencies. Palm oil may extend gains to RM4,133 per metric tonne, as suggested by a projection analysis, Reuters technical analyst Wang Tao said.
Hans India
23-05-2025
- Business
- Hans India
Adani Group's EBITDA rises 8% to all-time high of `89,806 cr in FY25
New Delhi: The Adani Portfolio of companies on Thursday reported a landmark fiscal result for FY25, as EBITDA scaled to an all-time high of Rs89,806 crore ($10.5 bn), up 8.2 per cent year-on-year. Excluding non-recurring prior period items, the growth stands even higher at 18 per cent (on-year). Meanwhile, profit after tax (PAT) rose to an all-time high of Rs40,565 crore. Gross assets increased to Rs609,133 lakh crore at a six-year (FY19-FY25) CAGR of over 25 per cent, as the Adani Portfolio registered record capex of Rs126,000 crore ($14.7 bn). 'A key highlight of FY25 is the continued industry-beating Return on Assets (RoA) of 16.5 per cent, which is among the highest in any infrastructure business globally, underpinning the attractive asset base and the execution capabilities of the Adani Portfolio to continuously churn out the best quality assets across sub sectors,' said Jugeshinder Robbie Singh, GCFO, Adani Group. 'Additionally, we have undertaken various initiatives related to governance and ESG, viz. Tax Transparency report released by all portfolio companies, in addition to all the other initiatives introduced over the past years, resulting in industry-best ESG scores and performance by international ESG rating agencies,' he added. Cash after tax (CAT) or Fund Flow from Operations (FFO) increased to Rs 66,527 crore ($7.8 billion), up 13.6 per cent, driven by strong operating leverage across businesses. According to the company, higher cash flows helped record asset addition of Rs1.26 lakh crore -- the highest in the history of Adani Portfolio, taking the total gross assets to Rs6.1 lakh crore ($71.2 bn).
Yahoo
15-04-2025
- Business
- Yahoo
Bills to ban foreign purchase of farmland, social media for minors move forward in NC House
The North Carolina Legislative Building (Photo: Clayton Henkel) On a busy day at the North Carolina General Assembly, the House Commerce and Economic Development Committee approved pair of bills that have received a good deal of public attention. House Bill 133, 'NC Farmland and Military Protection Act,' sponsored by Reps. Jennifer Balkcom (R-Henderson), Neal Jackson (R-Moore, Randolph), Jeff Zenger (R-Forsyth), and John Bell (R-Goldsboro), would ban 'adversarial' foreign governments from purchasing, acquiring, or leasing agricultural land in North Carolina. The restrictions would also apply to land situated within a 75-mile radius of a military installation — a number influenced by national defense recommendations, Balkcom said — such as Fort Bragg near Fayetteville. A complete list of applicable installations is outlined in the bill text. The measure comes at the same time that international tensions have been on the rise amidst the Trump administration's tariffs on foreign trade partners. HB 133 defines 'adversarial' foreign governments as the ones subject to the U.S. State Department's International Traffic in Arms Regulations, according to the bill text, but does not explicitly outline the nations. Its counterpart in the upper chamber, Senate Bill 394, 'Prohibit Foreign Ownership of NC Land,' passed the Senate Agriculture, Energy, and Environment Committee last week and specifies the 'adversarial' governments as China, Iran, North Korea, and Russia. Rep. Phil Sheperd (R-Onslow) asked if the bill had anything to do with legislation in previous years aimed towards reimbursing farmers for the purchase of their land. Balkcom responded that the bill is more of a preventative measure. Instead of incentivizing farmers to sell their land, it targets foreign groups and bars them from purchasing the property. 'This is basically protecting it from being able to sell, those who do were not given any incentive to do it,' she said. Rep. Jay Adams (R-Catawba) brought up the legality and constitutionality of preventing a landowner from selling their property to a ready, willing buyer. 'Private property rights are crucial here, but so is national security,' Balkcom said. 'The way we look at this bill doesn't impact private buyers or U.S. companies. It applies only to entities controlled by foreign governments designated an adversary from our own federal agency.' The bill now heads to the House Rules Committee. The committee also approved House Bill 301, 'Social Media Protections for Minors Under 16.' According to a legislative staff summary, the bill would — among other things: Prohibit social media platforms from allowing minors under the age of 14 to create an account. Prohibit social media platforms from allowing 14- and 15-year-olds to create an account without parental consent. Require social media platforms to use age verification to verify the age of account holders. Authorize the Department of Justice to bring an action for unfair and deceptive trade practices against a social medial platform that violates these provisions and collect a civil penalty of up to $50,000 per violation. Authorize a civil action on behalf of a minor account holder and an award of up to $10,000 in damages. HB 301 moves to the House Rules Committee for further discussion.
Daily Tribune
15-04-2025
- Health
- Daily Tribune
Dubai Police Gift Inmate Dh87,000 Prosthetic Limb, Ending Years of Pain
In a heartening display of empathy and care, Dubai Police have provided a 41-year-old inmate with a custom-designed prosthetic limb, valued at Dh87,133, after years of enduring chronic pain and health issues caused by a worn-out, ill-fitting prosthetic. The detainee, who had undergone an amputation of his right foot, had been using a prosthetic limb for over a decade. Unfortunately, the old limb had become unsuitable for his body and bone structure, causing ulcers, severe pain, and significant difficulty in walking. His health and mobility had significantly declined, leaving him in poor physical condition upon his arrival at the detention center. Swift Action by Dubai Police Upon recognizing the severity of the inmate's condition, Dubai Police promptly referred him to specialists for treatment. As a result, he was provided with a high-quality prosthetic limb, custom-built to suit his unique needs. The prosthetic will allow the inmate to regain his mobility and significantly improve his overall well-being. Comprehensive Rehabilitation Plan In addition to the prosthetic, the inmate has been enrolled in a six-month physiotherapy program under the supervision of rehabilitation specialists. This program will help him properly adjust to the new limb and regain his strength, offering him a chance to live a more independent and fulfilling life. This initiative reflects Dubai's commitment to supporting inmates' rehabilitation, offering them opportunities for recovery and reintegration into society, with a focus on improving both their physical and emotional health. The total investment in the prosthetic and rehabilitation program comes to Dh87,133. A Step Forward in Compassionate Rehabilitation This generous gesture by Dubai Police demonstrates the ongoing commitment to not only maintaining law and order but also ensuring the health and rehabilitation of those under its care. It marks a significant step toward compassionate justice and highlights the value of addressing the physical and emotional needs of inmates, promoting rehabilitation and reintegration rather than simply punishment.
Khaleej Times
13-04-2025
- Health
- Khaleej Times
Dubai inmate gets Dh87,000 prosthetic after injuries from old, worn-out limb
A 41-year-old inmate in Dubai has received extensive medical care, including a new, custom-designed prosthetic limb, after arriving at the detention centre in poor physical condition. The detainee, whose right foot had been amputated, was suffering from ulcers and wounds caused by a prosthetic limb he had been using for over 10 years. The worn-out limb was ill-suited for his body and bone structure, leading to chronic pain, difficulty walking, and a severe decline in overall health and mobility. Major General Marwan Abdul Karim Julfar, Director-General of Punitive and Correctional Institutions, confirmed that the detainee was promptly referred to a specialist for treatment. He was provided with "a new, high-quality prosthetic limb, valued at Dh87,133". To ensure proper use of the new limb, the detainee was also enrolled in a six-month physiotherapy programme under the supervision of rehabilitation specialists. The initiative aims to help him regain mobility and improve his quality of life while within the correctional facility. He added, "This care is not an exceptional case, but rather part of a series of humanitarian initiatives implemented periodically to ensure the dignity of detainees and inmates of both genders, and to provide a correctional environment based on health, psychological, and social care. He emphasised that human rights remain a top priority, regardless of the inmate's nationality or legal status.
