Malaysia

The Malaysian minister of commodities predicted on Monday, July 25th, that prices for crude palm oil would remain low for the majority of the third quarter of this year. His comments came shortly after a competing producer, Indonesia, eliminated its export levy. “This is inevitable in light of stiffer competition from Indonesia – the world’s largest palm oil producer – …

Johor police have let go of the two people they were looking for in connection with an incident of road rage that occurred close to the Immigration and Quarantine Complex at the Tuas Second Link. CNA was informed on Wednesday (July 20th) by a representative from the Iskandar Puteri district police station that the two suspects, a man, and a …

People between the ages of 50 and 59 who have no underlying medical conditions can now receive their second Covid-19 booster injection, according to Health Minister Khairy Jamaluddin. “The sixth group, that’s the 50-59-year-old group without any chronic diseases, and those 50 years old and below, can receive the second vaccine booster shot,” Khairy was responding to a follow-up question …

An accident that occurred early on Sunday morning (July 17) and involved both motorbikes and automobiles claimed the lives of five people and left two more with serious injuries. It was thought that the motorcyclists were taking part in some sort of illegal racing. According to the head of the police department for Penang’s northeast region, Assistant Commissioner of Police …

MALAYSIA — The police in Malaysia have made a significant seizure of illegally traded animal parts, including elephant tusks, rhino horns, pangolin scales, and tiger bones. The total value of the haul is approximately 80 million ringgit ($17.9 million). On Sunday, authorities made a discovery at the western port in the state of Selangor that involved almost six tonnes of …

INDONESIA: For the time being, Indonesia has halted the recruitment of its people to work in Malaysian plantations, claiming a breach of a worker recruitment agreement struck between the two nations on Wednesday (July 13). As the world’s second-largest palm oil producer and a vital supply chain component, Malaysia is now dealing with a labor shortfall of approximately 1.2 million …

MALAYSIA: De facto law minister Wan Junaidi Tuanku Jaafar has said that a new anti-party switching Bill will be filed in Malaysia’s parliament on Monday (Jul 18) and that if enacted, the law could come into effect by September. A draft of the anti-party jumping law was finalized and studied on Wednesday by the bipartisan select committee appointed to look …

MALAYSIA: Malaysia’s palm oil stocks hit a seven-month high at the end of June, as exports were curtailed by Indonesian measures aimed at boosting its own shipments, according to statistics released by the industry regulator on Tuesday. According to the Malaysian Palm Oil Board, inventories jumped 8.76 percent from the previous month to 1.66 million tonnes, the highest since November …

MALAYSIA: According to the Singapore Police Force, Malaysian lawyer Zaid Abd Malek was given a 24-month conditional warning for contempt of court by the Singapore police on July 6 for his statements about the rejection of lawsuits filed by two Malaysian drug traffickers (SPF). On February 14, 2020, a Malay Mail article revealed the statements. The dismissal of two Malaysian …

MALAYSIA: A 25-basis-point increase in interest rates was announced by Malaysia’s central bank on Wednesday (July 6). This is the second rate increase this year. Ceiling and floor rates were correspondingly hiked to 2.50 percent and 2.00 percent, respectively, in the overnight policy rate corridor (OPR). An announcement from Bank Negara Malaysia (BNM) claimed the increase was necessary due to …