Latest news with #780
.jpg&w=3840&q=100)
Daily Express
2 days ago
- Business
- Daily Express
RM1.5 million for oil palm replanting in Kudat
Published on: Friday, July 18, 2025 Published on: Fri, Jul 18, 2025 Text Size: Datuk Chan Foong Hin (second from left) officiates the groundbreaking ceremony for the new weighbridge centre owned by KPSM Kota Marudu. KUDAT: Deputy Minister of Plantation and Commodities, Datuk Chan Foong Hin, reaffirmed the Government's commitment to supporting oil palm smallholders in Kudat, Sabah by delivering over RM1.52 million in allocations. A total of RM795,780 was channelled to 10 smallholders under the Smallholder Oil Palm Replanting Financing Incentive Scheme (TSPKS 2.0) to support the replanting of old oil palm trees, covering 44.21 hectares. Advertisement The initiative helps ease their financial burden while enhancing plantation productivity and ensuring long-term income sustainability. Simultaneously, RM725,000 was allocated for the construction of two Smallholders' Plantation Access Road (JLPK) projects, covering a total of 2.3 kilometres, aimed at linking community settlements with independent oil palm plantations in the Kudat District. The projects involved are JLPK Kg. Rasak Darat Tigaman (RM225,000) and JLPK Kg. Suang Pai (RM500,000). These roads are prioritised for areas with active or newly developed plantations to improve transportation of agricultural inputs and harvested crops, ensuring better access to main roads and sales centres. 'From a logistical infrastructure standpoint, the Government, through MPOB, has also implemented assistance under the Smallholders' Plantation Access Road (JLPK) project. Priority is given to roads that connect actively cultivated or newly developed plantations managed by smallholders. 'This is to ensure the establishment of improved connectivity for nearby communities, especially in transporting agricultural inputs and delivering harvested crops to main roads and sales centres,' said Chan at the launch of the TSPKS 2.0 Programme in Kudat this morning. He also called on smallholders to actively update their personal information with the Malaysian Palm Oil Board (MPOB) to ensure timely and accurate delivery of government assistance and incentives. Meanwhile, Datuk Chan also officiated the groundbreaking ceremony (Majlis Pecah Tanah) for the new KPSM Kota Marudu Weighbridge Centre (Pusat Timbang) in Kampung Garuda, Kota Marudu. This will be the second weighbridge facility owned by Koperasi Pekebun Kecil Sawit Malaysia (KPSM) Kota Marudu Berhad. Licensed by the Ministry of Plantation and Commodities (KPK) on 17 January 2025, the facility is scheduled for completion by September 2025, with operations to commence by October 2025. Once operational, the weighbridge centre is expected to benefit around 300 smallholders in the surrounding area and is designed to handle up to 3,000 metric tonnes (MT) of Fresh Fruit Bunches (FFB) monthly. The total construction cost of RM1 million, is fully self-financed through KPSM Kota Marudu Berhad's own business profits. Additionally, the cooperative also owns a RM1 million commercial building and operates an agricultural supply business to support the needs of smallholders in the region. In line with the Government's holistic development approach, MPOB continues to strengthen its outreach through advisory services provided by its Oil Palm Extension Advisory Officers (TUNAS) and by actively organising the Mobile Service Counter Programme or Open Day. To date, 29 outreach programmes have been held across Sabah with participation from 1,455 independent smallholders. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
2 days ago
- Business
- New Straits Times
RM1.52m allocated for Kudat oil palm smallholders and infrastructure
KUDAT: The government is supporting oil palm smallholders here through RM1.52 million in allocations. Deputy Plantation and Commodities Minister Datuk Chan Foong Hin said RM795,780 was channelled to 10 smallholders under the Smallholder Oil Palm Replanting Financing Incentive Scheme (TSPKS 2.0). He said it is to support the replanting of old oil palm trees, covering 44.21ha. Another RM725,000 was allocated for the construction of two Smallholders' Plantation Access Roads (JLPK), covering a total of 2.3km, aimed at linking community settlements with independent oil palm plantations in Kudat. The road projects involved are in Kampung Rasak Darat Tigaman (RM225,000) and Kampung Suang Pai (RM500,000). These roads are prioritised for areas with active or newly developed plantations to improve transportation of agricultural inputs and harvested crops, ensuring better access to main roads and sales centres. "From a logistical infrastructure standpoint, the government, through MPOB (Malaysian Palm Oil Board), has also implemented assistance under the Smallholders' Plantation Access Road project. Priority is given to roads that connect actively cultivated or newly developed plantations managed by smallholders. "This is to ensure the establishment of improved connectivity for nearby communities, especially in transporting agricultural inputs and delivering harvested crops to main roads and sales centres," said Chan at the launch of the TSPKS 2.0 here. He also called on smallholders to update their personal information with the MPOB to ensure timely and accurate delivery of government assistance and incentives.
Focus Malaysia
09-07-2025
- Business
- Focus Malaysia
CPO prices dip on geopolitical tensions, expected to stabilise in 2026
RHB expect 2026 to be a more balanced year fundamentally, with lower year-on-year (YoY) crude palm oil (CPO) prices, but geopolitical risks will translate to more volatility. Spot CPO prices have moderated from MYR4,600-4,800/tonne in 1Q25 to a low of MYR3,780/tonne in May, only to bounce back to the current levels of MYR3,900-MYR4,100/tonne. The downward movement was mainly driven by geopolitics in the light of the US trade tariffs, wars, and crude oil prices falling, all of which pushed CPO prices in the same direction. Correlation between CPO prices and crude oil prices surged to 0.47 in Apr 2025 from -0.6 in 1Q25, and subsequently rose further to current levels of 0.68, due to raised geopolitical risks. Besides following crude oil price trends, CPO prices also followed the lead of soybean oil (SBO) prices which rose due to the recent US biofuel policy change, leading to a rise in blending targets. We expect CPO prices to remain volatile given the ever-changing geopolitical situation. Fundamentally however, global supply and demand will likely be more balanced in 2026, as supply improves, while demand should pick up given the more attractive relative prices. Supply of 17 oils and fats complex is expected to improve YoY in 2026F, coming from a partial recovery of palm, sunflower and rapeseed supplies, as well as continued growth from soybeans. Still, the stock/usage ratio of the 17 oils and fats complex is still expected to remain below the historical average of 13.6%, at 12.9% for Oct 2025/Sep 2026, albeit up from 12.7% in 2025. This leaves very little cushion in case of any short-term bullish supply or demand surprises, hence raising the risk of price volatility going forward. What does this mean for relative prices of vegetable oils and demand? Ignoring the noises from geopolitics, we expect 2026F to see: i) Muted soybean prices, due to continued strong supply in 2026F. ii) SBO prices remain supported at higher levels, due to the higher demand from increased US biofuel blending. iii) CPO prices to continue trading at a discount to SBO in the medium term (currently at USD217/tonne discount). iv) demand from price sensitive countries like India, Pakistan, Bangladesh come back. We revise down our CPO price assumptions to MYR4,100/tonne (from MYR4,300) for 2025 and to MYR4,000/tonne (from MYR4,100) for 2026 and 2027; but revise up our PK prices to MYR3,300/tonne for 2025F (from MYR2,800) and to MYR3,200/tonne for 2026F and 2027F (from MYR2,600). Post annual ESG review, we have made several changes to our ESG scores and rolled forward our valuation targets to 2026 (from 2025). All in, we downgraded two stocks to NEUTRAL – Kuala Lumpur Kepong (KLK) and Bumitama Agri (BAL), post earnings revision. —July 9, 2025 Main image: The
North Wales Live
19-06-2025
- Business
- North Wales Live
Debenhams slashes £780 watch down to £81 - and shoppers say it's 'stunning'
Finding a classic watch with style without draining your finances can be quite a challenge. Although it can be nice to treat yourself to an expensive watch as a reward for all your hard work saving, there are some going for a reduced rate which are well worth checking out. For connoisseurs of high-end, luxury watches, Debenhams is hosting a massive sale with thousands of accessories enjoying discounts of over 70%. A standout offer features a crystal watch with a staggering reduction of almost £700. The Stührling Original Lineage Ladies Quartz 31mm Watch, one of Debenhams' bestsellers, typically retails for £780. However, shoppers can now acquire this stunning watch for a mere £81.75, thanks to a 90% discount. For money-saving tips, sign up to our Money newsletter here This lineage watch boasts a sleek, polished finish and an ultra-thin profile, ensuring it complements any outfit seamlessly. Its distinctive obelisk-style hands and crystal markers, set within a jewelled bezel, give it a sophisticated and aesthetic appeal. Powered by the Miyota 2115 Japanese quartz movement, the stunning watch is not only attractive but practical as it will keep its user on time no matter the occasion. Completed with a 16mm stainless steel link bracelet, Debenhams promises this watch will deliver "supreme comfort and sharp looks", reports the Daily Record. The classic watch is available in six colourways. The retailer has on offer a rose gold version, along with two distinctive two-toned bracelets. Alternatively, there are options for a silver bracelet paired with either a blue, silver, or black dial. Also up for grabs in the Debenhams sale is the stunning STÜHRLING Original Deauville Sport Dress Watch. Originally priced at £570, it's now a steal at just £63.75. This seamlessly stylish accessory boasts a unique strap, ideal for transitioning from daytime to evening wear. For those particularly keen on rose gold, Ernest Jones has reduced the Michael Kors Kacie Watch by £120. Previously sold at £239, watch lovers can get his elegant timepiece for only £119 during the sale. It features a rose-gold bracelet and dial, accentuated with rose gold Roman numerals and hands. Back to the popular Lineage watch, Debenhams shoppers have given the timepiece a 4.3 star rating. While many shoppers praised the accessory for its price and design, a few did note that they needed to get the bracelet resized once it had arrived. A satisfied shopper said: "Lovely item and a great price. Looks fab on and even though the wrist strap is slightly big I'm leaving it as I like it loose like a bracelet." Someone else noted: "Stunning watch, needed a few links of, but is so comfortable to wear and is beautiful, can't get over the price." Several customers mentioned needing adjustments for the watch to fit properly. One buyer said: "The strap is a little big for me but a jeweller could adjust this. Really like this watch." Another common point raised was regarding delivery times: "I am the proud owner of a beautiful watch which (eventually) arrived in a lovely presentation box. It also came with its authentication card. It has a look of luxury. I gave four stars, purely because it took longer than I expected to arrive but Customer Service kept me well updated. Thank you." Yet someone else added: "Very pleased with my watch it looks stunning. Best looking watch I've ever had." And another shopper shared their partner's approval: "My wife likes this watch. No numbers just crystals which she likes, and is nice to look at. Looks like a very expensive watch."
Hans India
10-06-2025
- Business
- Hans India
Silver soars Rs 1,000; Gold falls Rs 280
New Delhi: Silver prices soared Rs1,000 to hit a fresh peak of Rs1,08,100 per kilogram in the national capital on Monday, in line with firm global cues, according to the All India Sarafa Saturday, the metal traded flat at Rs1,07,100 per kg . Prior to that, the white metal on Friday had soared Rs3,000 to hit another record high of Rs1,07,100 per kilogram. Traders said silver prices surged due to strong investor demand, a weak dollar against major currencies, heightened geopolitical tensions, and firm industrial demand from the EV and solar sectors. Gold of 99.9 per cent purity fell Rs280 to Rs97,780 per 10 grams on Monday. The precious metal had declined by Rs1,630 to Rs98,060 per 10 grams on Saturday. The yellow metal of 99.5 per cent purity dipped Rs250 to Rs97,350 per 10 grams. It had depreciated by Rs1,500 to Rs97,600 per 10 grams in the previous market close.
