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Malaysia maintains crude palm oil export tax at 8pc for June 2021 | Money


Wednesday, 19 May 2021 06:29 PM MYT
A worker unloads oil palm fruits from a lorry inside a palm oil factory in Salak Tinggi August 4, 2014. Reuters pic
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KUALA LUMPUR, May 19 Malaysia has maintained the export tax for crude palm oil (CPO) at eight per cent for June 2021 for the sixth straight month.
In a circular posted on the Malaysia Palm Oil Board’s website, the Royal Malaysian Customs Department said the eight per cent export duty rate was set after the CPO market price surpassed RM3,450 per tonne. ....

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Trading ideas: Genting Group, Sime Darby, Cypark Resources


KUALA LUMPUR: Stocks that could see active trading action on Monday include Genting Group, Sime Darby, Cypark Resources, Greatech, Careplus, Sunsuria, Tashin, IJM, Digi and Maxis.
Genting Group Bhd, which will open Resorts World Las Vegas on June 24, are among companies keen on a Chicago casino resort project, according to a report.
Iskandar Waterfront Holdings Sdn Bhd is said to be interested in a merger with IJM Corp, based on a news report.
Sime Darby s 36.63%-owned joint venture company Weifang Port Services Co Ltd (WPS) has entered into an agreement with CCCC Tianjin Dredging Co Ltd to settle 187 million yuan (RM118miln) interest on late payment by WPS. ....

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KLIA Transit TravelCards to be phased out and replaced with MyKad from May 1

KLIA Transit TravelCards to be phased out and replaced with MyKad from May 1
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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Wait 10 days before eating eggs


Wait 10 days before eating eggs
Bernama
PETALING JAYA: Consumers will have to wait another 10 days before they know if it is safe to consume eggs sold in the market.
The Veterinary Services Department collected samples from eight poultry farms in Jeram, Selangor for tests in response to Singapore’s rejection of eggs from the farms.
Agriculture and Food Industries Deputy Minister I Datuk Seri Ahmad Hamzah told
theSun that samples of the eggs are now at the department’s laboratory in Salak Tinggi.
“We can expect to see some results in seven to 10 days.”
The Singapore Food Agency announced last Friday that it had instructed importers to recall eggs from the Lay Hong Bhd layer farm in Jeram after detecting Salmonella Enteritidis (SE) in the eggs. ....

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Mah Sing to develop 100 acres of landed residential development in Bandar Baru Salak Tinggi, Sepang


KUALA LUMPUR (Feb 19): Mah Sing Group Bhd will be developing 100 acres (40.47ha) of landed residential development in Bandar Baru Salak Tinggi. Subject to market conditions and the relevant authorities’ approval, the development is tentatively named as M Senyum and has an estimated gross development value (GDV) of RM656 million. The development is expected to be developed over five years, with registration of interest and the project launch targeted to start in the second half of 2021 (2H21).
“M Senyum will comprise mainly double-storey terraced houses, with land sizes of 18ft by 65ft and 20ft by 70ft, and are indicatively priced from RM399,000. This aligns with the group’s strategy of focusing on affordable landed homes in the outskirts/suburban areas and affordable high-rises in the central business district areas,” it said in a press statement. ....

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