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Barnama
3 hours ago
- Business
- Barnama
CPO Futures Extend Rally To End Higher, Tracking Soybean Oil's Uptrend
By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 24 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued its rally to close higher on Wednesday following the uptrend in soybean oil prices. Palm oil trader David Ng said weaker CPO production in Indonesia also lifted market sentiment today. 'We see CPO prices supported at RM4,200 (per tonne) and resistance at RM4,350,' he told Bernama. At the close, the spot-month August and October 2025 contracts gained RM15 each to RM4,259 and RM4,330 per tonne respectively, while the September 2025 and December 2025 contracts rose RM12 each to RM4,310 and RM4,329 per tonne respectively. The November 2025 contract improved RM14 to RM4,334 per tonne, and January 2026 climbed RM8 to RM4,321 per tonne. Trading volume eased to 75,735 lots from 75,900 lots on Wednesday, while open interest widened to 233,661 contracts from 231,569 previously. The physical CPO price for July South edged up RM10 to RM4,280 per tonne. -- BERNAMA
New Straits Times
a day ago
- Business
- New Straits Times
Palm rises on short-covering, firmer palm olein, Chicago soyoil
KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, extending gains from the previous session, as short-covering by traders and strength in Dalian palm olein and Chicago soyoil lent support. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange gained RM66, or 1.55 per cent, to RM4,330 (US$1,025.09) a metric ton at the midday break. Strength in Dalian palm olein and Chicago soyoil markets spilled over into crude palm oil futures during the session, a Kuala Lumpur-based trader said. "Dalian's rally was driven by both short-covering and technical buying." Benchmark crude palm oil futures hit a midday high of RM4,334, with short-covering likely emerging after prices broke above the RM4,300-level, the trader added. Dalian's most-active soyoil contract added 0.3 per cent, while its palm oil contract rose 1.59 per cent. Soyoil prices on the Chicago Board of Trade gained 0.79 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 climbed in Asian trade after falling for three consecutive sessions as a US trade deal with Japan signalled progress on tariffs, though gains were capped by fading hopes for a breakthrough at an EU-China summit. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, strengthened 0.12 per cent against the dollar, making the commodity slightly more expensive for buyers holding foreign currencies. European Union soybean imports for the 2025-26 season that began on July 1 reached 519,609 million metric tons by July 20, down 32 per cent year-on-year. Palm oil imports fell 53 per cent year-on-year to 93,234 million tons, according to data published by the European Commission. Palm oil may retest support at RM4,198 per metric ton, a break below could open the way toward RM4,150, Reuters technical analyst Wang Tao said.
Borneo Post
03-07-2025
- Business
- Borneo Post
Communication company staff claims trial to CBT charges
The Kota Kinabalu Court Complex. KOTA KINABALU (July 3): A finance executive cum accountant of a communication company claimed trial in a Sessions Court here on Thursday to three charges of committing criminal breach of trust. Rabiahtul Adawiah Pastor, 33, who appeared before judge Amir Shah Amir Hassan, was charged under Section 408 of the Penal Code. The indictment provides for a jail term of up to 14 years and whipping or with a fine, upon conviction. On the first to the third counts, she was accused of embezzling RM273,802.64, RM263,758.50 and RM49,330 respectively, by transferring the alleged money to three companies' bank accounts. The alleged offences were committed at the communication company between January 6, 2022 and October 30, 2023, between January 14, 2022 and October 27, 2023 and between November 30, 2022 and October 27, 2023, respectively. The court fixed August 5 for her case management. Rabiahtul who was represented by counsel Sharatha Masyaroh John Ridwan Lincon, was released on RM5,000 bail for all the three charges with two local sureties.
TimesLIVE
03-07-2025
- Politics
- TimesLIVE
Black Sash celebrates 70 years of standing up for victims of human rights violations
Known for championing human rights and social justice for the marginalised, Black Sash celebrated its 70th anniversary on Wednesday at Constitutional Hill in Johannesburg. Started by a group of women activists in 1955 to assist victims of human rights violations, the organisation has been a strong voice in human rights campaigns and waged court battles against the government on behalf of the marginalised. The organisation's regional manager and advocate for social justice, Thandiwe Zulu, applauded her team and the founders of the organisation for their dedication to fighting for social justice for South Africans. 'It is with immense pride and deep gratitude that everyone is here to celebrate this milestone of 70 years of principled activism, courage, public service and unshakeable commitment to social justice, the celebration is far more than a marker of time. It is a living testament to an organisation that has stood through silence, struggle and solidarity,' Zulu said. She lauded Black Sash for its contribution towards equality for communities, creating a space of dignity and support for those who denied access to justice. 'We will continue in helping people fight past laws and forced human removals, to daily defending the rights of social protection through grants, health lines and community monitoring. Our work has always been driven by a simple but powerful belief that every person matters and every right must be protected, while it is balanced with responsibility,' she said. Former Black Sash activist Judith Hawarden shared how the organisation was formed. Sporting a black sash over one shoulder, she said that is how the name of the organisation was born, and that the sash represented a protest. 'Six women protested against a ploy by the national government to remove coloureds from the voters' roll and decided to show their disagreement with the injustice. They stood silently outside public buildings in the cities wearing a black sash,' she said, adding that Black Sash continues the battle today. Shirley Bengu from Alexandra township shared how the organisation helped her mother and late grandmother when they were defrauded of their social grants during the Covid-19 pandemic. 'We went up and down to post offices to enquire about getting the money back until someone told me about Black Sash,' Bengu said. Bengu added that the Black Sash helpline team assisted her loved ones to recover R12,330 of the stolen money. 'Unfortunately my grandmother passed away during the process but I am happy that I was able to fulfil her wishes once I received the money back,' she said.
Miami Herald
30-05-2025
- Politics
- Miami Herald
What the end of CHNV parole program means for half-a-million migrants, many in Florida
The U.S. Supreme Court has cleared the way for the Trump administration to end a key humanitarian parole program, known as CHNV, that allowed hundreds of thousands of people from Cuba, Haiti, Nicaragua, and Venezuela to legally enter the United States. The decision affects more than half-a-million migrants who had been granted temporary legal status, many of whom live in South Florida. Here's what you need to know about the ruling and its impact. What did the Supreme Court decide? On Friday, the U.S. Supreme Court granted the Trump administration's request to lift a federal judge's injunction that had blocked the government from ending the humanitarian parole program. This clears the way for the administration to revoke the temporary protection and potentially deport the migrants. How many people are affected by this decision? A total of 531,690 people are affected. That includes: 110,240 Cubans211,040 Haitians93,070 Nicaraguans117,330 Venezuelans These individuals entered the U.S. legally through the program since it began in January 2023. What is the timeline for deportation? The Department of Homeland Security will give migrants a 30-day wind-down period starting from the publication of the termination notice, expected next week. However, DHS can begin deportations at any time, even during the 30 days. Migrants are being urged to voluntarily depart the U.S. and report their departure via a mobile app all used by Customs and Border Protection known as CBP Home.. Why is the Trump administration ending the program? The administration argues the program: Did not improve border security pressure on interior to increased immigration backlogs, with 75,000 parolees applying for strain on resources like housing, education, and legal services, especially in states like Florida. Officials also say the program is inconsistent with Trump's foreign policy goals and has outlived its purpose. Who is at immediate risk of deportation? DHS will prioritize deporting individuals who: Have not filed for asylum, adjustment of status, or Temporary Protected Status before the notice is not beneficiaries of an immigration petition filed on their behalf, for example by a relative or an employer. Those who already obtained a. legal immigration status are not required to leave. Can affected migrants still apply for asylum or another status? It's complicated. The administration says applications to adjust status are on hold. Immigration attorneys argue this could contradict existing legal protections for asylum seekers. Regardless, anyone affected should consult an immigration attorney. What happens to migrants with valid work permits? Work authorizations issued under the program will be canceled. DHS says that once the parole is revoked, the legal basis for those permits no longer exists. This means: People will lose legal employment may become undocumented and subject to expedited removal, especially if they live near the border and have been in the U.S. for less than two years. What should migrants do if they cannot safely return to their home countries? The government has not offered a clear answer. However, the Trump administration says it's negotiating with Latin American countries to receive deportees. For example, Panama recently accepted a U.S. military flight with 119 deportees, who were then repatriated to their home countries. Is the government really planning mass deportations? Yes. DHS has stated its intent to promptly deport any migrants who: Do not leave before their parole not have another legal immigration status. What happens to people's property, rent, and investments in the U.S.? The administration acknowledges that many people sold property abroad or invested in homes, cars, and jobs in the U.S. But the official position is that the program was always temporary, and participants knew it could be terminated at any time. Miami Herald staff writers Jacqueline Charles and Syra Ortiz Blanes contributed to this story.
