Latest news with #874
New Straits Times
11-07-2025
- New Straits Times
RM34,874 worth of seized cash, case items disposed of by Kluang police
KLUANG: Police today disposed of case items worth RM34,874 in a court-approved exercise involving 134 completed investigation files. Also written off in the exercise was RM16,874 in confiscated cash. District police chief Assistant Commissioner Bahrin Mohd Noh said the items disposed of fell into four categories, namely, contraband, gambling-related paraphernalia, general case items, and cash, all of which had received clearance for disposal from the court. "Of the total, RM16,874 involved the destruction of seized cash, while the remaining value came from miscellaneous items no longer required for prosecution," Bahrin said in a statement today. He said the disposal was part of efforts to reduce the long-term storage burden and avoid unnecessary clutter in the district's evidence storerooms. Also present at the exercise held at the district police headquarters, were his deputy, Superintendent Nik Mohd Azmi Husin; Criminal Investigation Department chief Assistant Superintendent Zahari Idris; and acting district Management head Assistant Superintendent Mohd Nor Isa.
Barnama
04-06-2025
- Business
- Barnama
CPO Futures Likely To Trade Sideways Next Week Amid Limited Market Catalysts, Shorter Week
By Siti Noor Afera Abu KUALA LUMPUR, May 31 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to move sideways next week due to limited market catalysts and a shorter trading week. Palm oil trader David Ng said the lack of fresh trading cues will likely keep the market range-bound in the near term. 'We expect the commodity to trade between RM3,750 and RM3,950 per tonne,' he said. Cargo surveyors expect exports of Malaysian palm oil products during May 1-25 to rise between 7.3 per cent and 11.6 per cent, compared with the same period a month ago. Meanwhile, Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said market participants will be keenly watching for May supply and demand estimates from newswire polling and the full month production data from the Malaysian Palm Oil Association, including data from the Malaysian Palm Oil Board (MPOB), due on June 10. On a Friday-to-Friday basis, the spot-month June 2025 contract rose RM64 to RM3,888 per tonne, July 2025 was RM55 higher at RM3,891 per tonne, and August 2025 added RM51 to RM3,878. The September 2025 note rose RM49 to RM3,870 per tonne, October 2025 edged up RM46 to RM3,870, and November 2025 gained RM43 to RM3,874. The weekly trading volume was down to 281,987 lots from 331,960 the previous week, while open interest narrowed to 241,994 contracts from 244,075.
TimesLIVE
04-06-2025
- Automotive
- TimesLIVE
Dutch car-sharing firm plugs into Renault EVs with V2G technology
The global V2G market was worth $3.4bn (R60,694,874,240) in 2024, according to Global Market Insights, and is expected to grow by 38% annually between 2025 and 2034 to reach $80bn (R1,428,568,000,000). The Netherlands is an early adopter of V2G technology due to ambitious plans to electrify its transport and heating systems while also moving to renewables. Japan's Nissan has also recently supplied dozens of V2G-enabled Leaf and Ariya models to France and Spain. MyWheels said 500 of Renault's V2G-compatible cars, including its electric R5, will be on the road by next year. When not driving, the cars will be plugged into We Drive Solar's bidirectional chargers and the scheme's operators will be paid for electricity absorbed and sold to the grid. Grids have become increasingly unstable with growing electrification and as more intermittent renewable energy is fed into the system. 'Our research shows vehicle-to-grid technology could allow the growing electric vehicle fleet to become a significant asset to the grid, with vast storage potential locked up in electric vehicles,' said Madeleine Brolly, advanced transport analyst at Bloomberg New Energy Finance. A key challenge ahead will be standardisation across manufacturers, which will be needed for it to be adopted at scale, she said.
Barnama
30-05-2025
- Business
- Barnama
CPO FUTURES SLIP ON WEAK SOYBEAN OIL, SNAPPING 5-DAY RALLY
WORLD By Siti Noor Afera Abu KUALA LUMPUR, May 30 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped its five-day rally to close lower on Friday, dragged down by weakness in the soybean oil market, said palm oil trader David Ng. He noted that key support and resistance levels are seen at RM3,800 and RM4,000 per tonne respectively. Meanwhile, Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures close lower as traders booked their profits ahead of the long weekend. At the close, the spot month June 2025 contract lost RM41 to RM3,888 per tonne, July 2025 decreased by RM51 to RM3,491 per tonne, and August 2025 went down RM54 to RM3,878 per tonne. September 2025 was RM51 lower at RM3,870 per tonne, October 2025 slid by RM49 to RM3,870 per tonne, and November 2025 eased RM46 to RM3,874 per tonne. Trading volume fell to 59,698 lots from 69,553 lots yesterday, while open interest narrowed to 241,994 contracts from 244,448 contracts previously. The physical CPO price for June South fell by RM30 to RM3,930 per tonne. Bursa Malaysia Bhd and its subsidiaries will be closed on June 2 in conjunction with the official birthday of His Majesty Sultan Ibrahim, King of Malaysia and would resume operations on June 3 (Tuesday).
TimesLIVE
02-05-2025
- Automotive
- TimesLIVE
Russell says F1 drivers want less talk, more action from FIA boss
George Russell said Formula One drivers wanted more than words from FIA president Mohammed Ben Sulayem in a lukewarm response to a mooted change in the rules concerning punishment for misconduct, including swearing. Ben Sulayem, the Emirati head of the governing body, said on Instagram this week he was considering "improvements" to appendix B of the FIA's International Sporting Code after feedback from drivers across several series. Rally drivers had been up in arms over stiff fines imposed for swearing, as had their F1 contemporaries. Asked at the Miami Grand Prix on Thursday if he saw Ben Sulayem's words as a positive step, Mercedes driver Russell, a director of the Grand Prix Drivers' Association (GPDA), replied: "Conceptually, yes. "But obviously we want to see these things put into action rather than saying 'we're considering things'. We all consider a lot of things. "We're clear we want changes. Once they are implemented, then we'll comment on it. But for the time being it's being considered. The words don't mean anything until the change has been made." Appendix B covers stewards' penalty guidelines, setting out punishments for misconduct including words, deeds or writings that might have caused moral injury to the FIA or motorsport in general. A first offence in Formula One incurs a €40,000 (R836,937) fine, rising to €80,000 (R1,673,874) for the second and €120,000 (R2,510,395) with a one-month suspension and deduction of championship points for a third breach. Ben Sulayem's term in office runs out this year and he is expected to seek renewal. No rival candidate has emerged to date. "It'll be great if changes were made and the drivers were at least heard," said Russell. "I think it's in the best interest for the sport and ensuring some common sense is sort of applied to these situations," he added. " I think all of us can comment on it when we see the action being taken, rather than the consideration." Russell said the GPDA was set up to talk about safety rather than politics. but he was talking more and more about other subjects. "We find ourselves in a time where we're not focused on why we're all here," he said "We're here to go racing, we're here to create the best show for the fans, to have the fastest cars, the safest cars, the best technology, the best engineering, and yet we talk about fines and punishments and swearing."
