Latest news with #315
Barnama
5 days ago
- Business
- Barnama
CPO Futures Extend Gains To Close Higher, Tracking Soybean Oil's Rise
By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 23 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended gains to close higher on Wednesday, on the back of stronger soybean oil prices. Palm oil trader David Ng said lower CPO production in Indonesia also lifted market sentiment today. "We see CPO prices supported above RM4,250 and resistance at RM4,400," he told Bernama. At the close, the spot-month August contract gained RM48 to RM4,244 per tonne, the September 2025 contract added RM52 to RM4,298, and the October 2025 contract rose RM51 to RM4,315. The November 2025 contract advanced RM49 to RM4,320 per tonne, December 2025 climbed RM47 to RM4,317, and January 2026 gained RM51 to RM4,313. Trading volume rose to 75,900 lots from 75,575 on Tuesday, while open interest eased to 231,569 contracts from 231,767 previously. The physical CPO price for July South increased by RM50 to RM4,270 per tonne. -- BERNAMA
Sinar Daily
22-07-2025
- Sinar Daily
Two men lose over RM470,000 to investment and phone scams
Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad said the victims, aged 61 and 56, lodged their reports on Sunday. 22 Jul 2025 07:33pm Photo illustrated by Sinar Daily. Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad. Photo by Bernama IPOH - Two men have lost a total of RM474,212.58 after falling victim to a non-existent investment scheme and a phone scam, according to police. Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad said the victims, aged 61 and 56, lodged their reports on Sunday. "The first victim, a site supervisor, lost RM307,315 after being duped by the 'KKR Investment' advertisement on Facebook promising between 10 and 20 per cent returns in a short time. "Enticed by the offer, the supervisor made 14 transactions to six different bank accounts between April and July, only to realise he had been scammed when he was asked to make additional payments supposedly for profit withdrawal,' he said in a statement today. He said in the second case, a 56-year-old former factory worker lost RM166,897.58 after receiving a call from an individual posing as a Malaysian Communications and Multimedia Commission (MCMC) officer in June. Abang Zainal Abidin said the individual also claimed the man's phone number was linked to illegal moneylending activities ('ah long') and urged him to lodge a police report. "The victim was then connected to another individual posing as a police officer from Bukit Aman, who instructed him to transfer money from his Employees Provident Fund (EPF) account to a company account for investigation purposes. "The fund transfer was made on July 7 before the victim realised he had been duped and lodged a police report,' he said. Abang Zainal advised the public to be more cautious of investment offers that promise high returns in a short period and not to trust unsolicited phone calls from unknown individuals. - BERNAMA More Like This
Barnama
22-07-2025
- Barnama
Two Men Lose Over RM470,000 To Investment And Phone Scams
IPOH, July 22 (Bernama) -- Two men have lost a total of RM474,212.58 after falling victim to a non-existent investment scheme and a phone scam, according to police. Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad said the victims, aged 61 and 56, lodged their reports on Sunday. 'The first victim, a site supervisor, lost RM307,315 after being duped by the 'KKR Investment' advertisement on Facebook promising between 10 and 20 per cent returns in a short time. 'Enticed by the offer, the supervisor made 14 transactions to six different bank accounts between April and July, only to realise he had been scammed when he was asked to make additional payments supposedly for profit withdrawal,' he said in a statement today. He said in the second case, a 56-year-old former factory worker lost RM166,897.58 after receiving a call from an individual posing as a Malaysian Communications and Multimedia Commission (MCMC) officer in June. Abang Zainal Abidin said the individual also claimed the man's phone number was linked to illegal moneylending activities ('ah long') and urged him to lodge a police report. 'The victim was then connected to another individual posing as a police officer from Bukit Aman, who instructed him to transfer money from his Employees Provident Fund (EPF) account to a company account for investigation purposes. 'The fund transfer was made on July 7 before the victim realised he had been duped and lodged a police report,' he said. Abang Zainal advised the public to be more cautious of investment offers that promise high returns in a short period and not to trust unsolicited phone calls from unknown individuals.
New Straits Times
22-07-2025
- New Straits Times
Two men lose over RM470,000 in investment and phone scams
IPOH: Two men lost more than RM470,000 in separate scams involving a fake investment scheme and a phone scam carried out by individuals impersonating government officials. District police chief Assistant Commissioner Abang Zainal Abidin Abang Ahmad said both victims lodged police reports on Sunday. In the first case, a 61-year-old site supervisor was lured by a Facebook advertisement promoting an investment opportunity under the name "KKR Investment" on April 1. "The advertisement promised returns of 10 to 20 per cent within a short period. "Enticed by the high returns, the victim made 14 separate transactions into six different bank accounts, totalling RM307,315," he said in a statement today. Abang Zainal said the victim became suspicious when he was asked to make additional payments, purportedly for taxes, before being allowed to withdraw any profits. "He then realised he had been duped," he added. In the second incident, a 56-year-old retiree fell victim to a phone scam in June. "The victim received a call from an unknown number. The caller claimed to be from the Malaysian Communications and Multimedia Commission. "He was told that his phone number was linked to an illegal loan syndicate and was advised to file a police report. "The call was then transferred to another individual posing as a police officer from Bukit Aman, who instructed the victim to transfer funds from his Employees Provident Fund (EPF) account to a third-party account for investigation purposes," he said. On July 7, the victim transferred RM166,897.58 to an account registered under a company's name, believing he was cooperating with the authorities. Abang Zainal urged the public to remain vigilant and avoid investment schemes that promise unusually high and quick returns, especially those promoted on social media. "We urge everyone to conduct proper background checks before engaging in any investment, and to never trust unsolicited calls from unknown individuals claiming to be from government agencies," he said.
The Star
22-07-2025
- The Star
Two Ipoh men lose nearly RM500K to investment and phone scams
IPOH: Two men here have lost a total of over RM474,000 in separate fraud cases – a bogus investment scheme and a telephone scam. Ipoh OCPD Asst Comm Abang Zainal Abidin Abang Ahmad said they received two reports on Sunday (July 20) from the victims. In the first case, a 61-year-old site supervisor said he came across an advertisement on Facebook for an investment platform called 'KKR Investment' on April 1. 'Enticed by the promise of 10% to 20% returns in a short time, the victim contacted the so-called agent and ended up making 14 transactions to six different bank accounts, totalling RM307,315,' ACP Abang Zainal said in a statement on Tuesday (July 22) The man only realised he had been duped when he was asked to make additional payments, supposedly for taxes, before he could withdraw his 'profits'. In the second case, a 56-year-old retired factory worker said he received a call in June from someone claiming to be from the Malaysian Communications and Multimedia Commission (MCMC). 'The caller told the victim that his phone number had been linked to an illegal loan shark case and advised him to lodge a police report. 'The call was then transferred to an individual claiming to be a police officer from Bukit Aman,' he said. ACP Abang Zainal said the victim was instructed to transfer his Employees Provident Fund (EPF) savings to another account for investigation purposes. 'On July 7, he transferred RM166,897.58 to a bank account registered under a company,' he said. He reminded the public to always be wary of investment offers that promise high returns in a short time and to conduct thorough checks before committing to any scheme. 'Avoid investing through social media. "Also, never trust unexpected phone calls from strangers claiming to be officials,' he advised.
