Datuk Wira Azhar Abdul Hamid (The Edge file photo)
KUALA LUMPUR (May 27): Mass Rapid Transportation Corp Sdn Bhd (MRT Corp) has appointed its former CEO, Datuk Wira Azhar Abdul Hamid, as its new chairman effective May 11.
In a statement today, MRT Corp said Azhar, who is also the former FGV Holdings Bhd’s chairman, has helmed the company previously for three years from 2011 and the appointment marks his return to the organisation he once steered.
MRT Corp CEO Datuk Mohd Zariff Hashim said Azhar brings with him vast industry experience that will steer MRT Corp into the future.
“As the founding CEO of MRT Corp, Datuk Wira Azhar’s experience and knowledge will be invaluable as the organization moves forward to develop the Johor Baru-Singapore Rapid Transit System Link Project and the exciting MRT 3 Circle Line project, while at the same time complete the MRT Putrajaya Line,” Zariff said.
Stalemate: sustainable palm oil struggles to take off in China chinadialogue.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadialogue.net Daily Mail and Mail on Sunday newspapers.
Looking up: Loose oil palm being collected at a plantation. The planter would be banking on higher average selling prices of its palm products and production to ensure earnings sustainability for FY21.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to undergo a technical correction next week as demand takes a hit based on supply and demand estimates.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said concerns on rising COVID-19 cases in the country would also impact the CPO market.
Furthermore, the lower production is also causing a supply disruption.
Malaysia s palm oil yield to continue declining on labour shortage theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week boosted by stronger soybean oil prices. Local CPO is expected to trade within the range of RM3,600 and resistance at RM3,850 next week, palm oil trader David Ng told Bernama.
Meanwhile, Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said April 1-20 exports would be higher but at a slower pace of increase. New benchmark month, July 2021, stayed at above 100 points most of the day, locking in 120 points to end at RM3,710 per tonne. Front-month May 2021 closed at RM4,186 or RM476 premium over the third month, reflecting the poor supply situation for the nearby crop month as exports tick higher, he said.