Latest news with #241
Barnama
14-07-2025
- Business
- Barnama
CPO Futures End Higher On Stronger Edible Oil Markets
By K. Naveen Prabu KUALA LUMPUR, July 14 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, supported by gains in palm olein and soybean oil on China's Dalian Commodity Exchange (DCE). Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said the market opened sharply higher, with the most-active September contract reaching a three-month high, as stronger edible oil prices on the DCE boosted buying interest. 'Although exports appear to have declined in the first half of July, traders are optimistic about increased purchases from India ahead of the Deepavali festive season in October,' he told Bernama. Palm oil trader David Ng also attributed the day's gains to strength in external markets. 'CPO ended higher on stronger soybean oil and crude oil prices, which continue to influence sentiment across the broader vegetable oil complex. 'We see prices supported well above at RM4,150 per tonne and resistance at RM4,280,' Ng said. At the close, the spot-month July contract rose RM39 to RM4,109 per tonne, August 2025 added RM39 to RM4,183 per tonne, and September 2025 gained RM56 to RM4,230 per tonne. October 2025 climbed RM64 to RM4,241 per tonne, November 2025 advanced RM62 to RM4,236 per tonne, and December 2025 increased RM56 to RM4,231 per tonne.
The Sun
17-06-2025
- Business
- The Sun
Penang retirees lose over RM1m in investment scams
GEORGE TOWN: Two retirees lost over RM1 million after falling victim to online investment scams recently, according to Penang police. Penang police chief Datuk Hamzah Ahmad said in a statement that in the first case, the Seberang Perai Tengah District Police Headquarters received a report from a 55-year-old man on June 12, alleging that he had been scammed by an online investment company for RM827,120. 'In early April, the victim came across an investment advertisement on Facebook promising high returns and subsequently got in touch with a WhatsApp. 'The victim was promised a seven per cent return on each investment made,' he said, adding that the man was told to download the company's app to register as a member and invest through the platform. Hamzah said the victim made 22 fund transfers into six different company accounts between April 19 and May 26. 'He realised he had been scammed after being unable to withdraw profits totalling RM23,241,952 as shown on the investment app and subsequently lodged a police report,' he said. In a separate case, he stated that a 56-year-old retired factory technician lost RM321,250 after falling victim to another online investment scam, adding that the victim lodged a police report on June 12 at the Seberang Perai Utara District Police Headquarters. Hamzah stated that around December of last year, the victim came across an investment advertisement on Instagram that promised high returns. He then contacted a female suspect via WhatsApp, who promised a 30 per cent return within three months. He said that on March 21, the victim made the first fund transfer of RM20,000 through the company's app, and within less than three months, he received RM14,150 in profits. 'He made 11 additional fund transfers between March 27 and June 3 into four different company accounts linked to the scheme, but realised he had been scammed after he could not withdraw RM280,000 in purported profits and was instead asked by the suspect to pay an RM120,000 withdrawal fee,' he added. He said investigations are ongoing, and both cases are classified under Section 420 of the Penal Code for cheating.
The Sun
17-06-2025
- Business
- The Sun
Two retirees lose over RM1m to online investment scams
GEORGE TOWN: Two retirees lost over RM1 million after falling victim to online investment scams recently, according to Penang police. Penang police chief Datuk Hamzah Ahmad said in a statement that in the first case, the Seberang Perai Tengah District Police Headquarters received a report from a 55-year-old man on June 12, alleging that he had been scammed by an online investment company for RM827,120. 'In early April, the victim came across an investment advertisement on Facebook promising high returns and subsequently got in touch with a WhatsApp. 'The victim was promised a seven per cent return on each investment made,' he said, adding that the man was told to download the company's app to register as a member and invest through the platform. Hamzah said the victim made 22 fund transfers into six different company accounts between April 19 and May 26. 'He realised he had been scammed after being unable to withdraw profits totalling RM23,241,952 as shown on the investment app and subsequently lodged a police report,' he said. In a separate case, he stated that a 56-year-old retired factory technician lost RM321,250 after falling victim to another online investment scam, adding that the victim lodged a police report on June 12 at the Seberang Perai Utara District Police Headquarters. Hamzah stated that around December of last year, the victim came across an investment advertisement on Instagram that promised high returns. He then contacted a female suspect via WhatsApp, who promised a 30 per cent return within three months. He said that on March 21, the victim made the first fund transfer of RM20,000 through the company's app, and within less than three months, he received RM14,150 in profits. 'He made 11 additional fund transfers between March 27 and June 3 into four different company accounts linked to the scheme, but realised he had been scammed after he could not withdraw RM280,000 in purported profits and was instead asked by the suspect to pay an RM120,000 withdrawal fee,' he added. He said investigations are ongoing, and both cases are classified under Section 420 of the Penal Code for cheating.
Barnama
16-06-2025
- Business
- Barnama
Two Retirees Lose Over RM1 Mln To Online Investment Scams
-- Photograph for illustrative purposes GEORGE TOWN, June 16 (Bernama) -- Two retirees lost over RM1 million after falling victim to online investment scams recently, according to Penang police. Penang police chief Datuk Hamzah Ahmad said in a statement that in the first case, the Seberang Perai Tengah District Police Headquarters received a report from a 55-year-old man on June 12, alleging that he had been scammed by an online investment company for RM827,120. 'In early April, the victim came across an investment advertisement on Facebook promising high returns and subsequently got in touch with a woman…via WhatsApp. 'The victim was promised a seven per cent return on each investment made,' he said, adding that the man was told to download the company's app to register as a member and invest through the platform. Hamzah said the victim made 22 fund transfers into six different company accounts between April 19 and May 26. 'He realised he had been scammed after being unable to withdraw profits totalling RM23,241,952 as shown on the investment app and subsequently lodged a police report,' he said. In a separate case, he stated that a 56-year-old retired factory technician lost RM321,250 after falling victim to another online investment scam, adding that the victim lodged a police report on June 12 at the Seberang Perai Utara District Police Headquarters. Hamzah stated that around December of last year, the victim came across an investment advertisement on Instagram that promised high returns. He then contacted a female suspect via WhatsApp, who promised a 30 per cent return within three months. He said that on March 21, the victim made the first fund transfer of RM20,000 through the company's app, and within less than three months, he received RM14,150 in profits. 'He made 11 additional fund transfers between March 27 and June 3 into four different company accounts linked to the scheme, but realised he had been scammed after he could not withdraw RM280,000 in purported profits and was instead asked by the suspect to pay an RM120,000 withdrawal fee,' he added. He said investigations are ongoing, and both cases are classified under Section 420 of the Penal Code for cheating. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial , @bernamatv , @bernamaradio Twitter : @ , @BernamaTV , @bernamaradio Instagram : @bernamaofficial , @bernamatvofficial , @bernamaradioofficial TikTok : @bernamaofficial
Yahoo
20-02-2025
- Politics
- Yahoo
Missouri Supreme Court upholds Prop B on St. Louis County ballots
ST. LOUIS – The Missouri Supreme Court has issued a ruling to allow Proposition B on St. Louis County ballots this spring. The decision upholds an April 2025 ballot measure that, if approved by voters, would grant the St. Louis County Council the authority to remove department heads with a 'super majority' vote, or approval from five of the county council's seven members. Legal battles around Prop B have pitted the council against County Executive Sam Page and various county department directors. Critics have argued the ballot language is misleading, inefficient and unfair. On Wednesday, the Missouri Supreme Court disagreed with a challenge from County Counselor Dana Redwing, issuing a ruling that allows Proposition B to remain on the April ballot and for votes to be counted. Developer picked to demolish Millennium Hotel, revamp site County council members say Proposition B is necessary to hold the county's executive branch accountable and ensure 'that no one branch of government holds unchecked power,' according to a news release from Council Chairwoman Rita Heard Days. She also pointed out that many municipal boards have similar authority to remove department heads. Executive Sam Page shared a statement in a previous FOX 2 story acknowledging that, while the measure will proceed, he feels the language is confusing and his administration is exploring legal options moving forward. According to a St. Louis County sample ballot, Proposition B currently reads: 'Shall Section 2.190.3 be added to and Sections 4.020 and 5.020 of the Charter of St. Louis County be amended to restore checks and balances, oversight, and accountability of the executive branch by authorizing removal of the St. Louis County Counselor or any Department Director by five of the seven Councilmembers as set forth in Exhibit A of Ordinance No. 29,241, on file with the St. Louis County Administrative Director and the St. Louis County Board of Election Commissioners? The cost of legal counsel authorized if this amendment passes has no fiscal impact on taxes.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
