logo
RM13.3 billion in unclaimed money recorded as of April, says Accountant General

RM13.3 billion in unclaimed money recorded as of April, says Accountant General

BATU PAHAT: A total of RM13.3 billion in unclaimed money was recorded by the Accountant General's Department until last April.
Accountant General Nor Yati Ahmad said that since the establishment of the unclaimed money system in 1977, only about RM4 billion has been claimed by rightful owners or their heirs.
She said this situation likely occurred because many individuals or their heirs were either unaware that they had unclaimed money records or had never taken the initiative to check with the Accountant General's Department of Malaysia.
"They can actually check or submit a claim application via the official portal or eGumis application and go to our branches in each state.
"We will also continue to intensify promotions and field activities to publicise the existence of this unclaimed money because it can only be issued by the owner or heir," she told reporters after opening the Kampung Angkat Madani (KAM) and Santuni Madani Programme at SK Minyak Beku, here, today.
Meanwhile, speaking about the KAM programme, she said that various activities were organised to support the local community and implement development projects, particularly those involving infrastructure improvements.
He explained that in addition to the unclaimed money system counter, opened in collaboration with Bank Rakyat for the opening of children's savings accounts with a RM20 incentive per account, several other community-focused activities were also carried out.
"Among the physical development projects were upgrading water supply pipelines, repairing Islamic halls, constructing cemetery fences, enhancing funeral management facilities, and handing over a funeral van," she said.
She said the KAM programme aims to bridge the development gap between rural and urban areas by improving essential infrastructure, community facilities, and ensuring internet access is not overlooked.
She noted that the implementation of KAM in Johor marks the second such initiative after its successful rollout in Kampung Lubuk Antu,
Sarawak, last year.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Malaysia's palm oil output tops 10-year average, but market remains cautious
Malaysia's palm oil output tops 10-year average, but market remains cautious

Focus Malaysia

time20 hours ago

  • Focus Malaysia

Malaysia's palm oil output tops 10-year average, but market remains cautious

YEAR-TO-DATE production of 10.77 mil MT is running at 4% above the 10-year Malaysia Jan−Jul output of 10.35 mil MT. However, the stronger-than-average trend in output is in line with expectations. Oilworld is expecting 19.3 mil MT of palm oil from Malaysia in calendar year 2025 (CY25), while the USDA is forecasting 19.4 mil MT and Kenanga is estimating 19.2 mil MT, all above the historical 10-year average of 19.0 mil MT. Typically, global edible oil price corrects by about 4% quarter-on-quarter (QoQ) in 3Q, and then recover in 4Q. Historically, Malaysian crude palm oil (CPO) prices also softened in 3Q by 7% QoQ but so far, July CY25 CPO price has held steady. 'We attribute this to the more-than-usual dip in 2Q CY25 palm oil prices after trading at premium to soyabean oil for seven months in CY24 then into 1QCY25 as well,' said Kenanga. Edible oil supply is expected to improve by only 1−2% in CY25 whereas trend-line demand growth is closer to 3−4% YoY. As such, edible oil prices, including palm oil prices, are expected to stay relatively firm in order to contain demand growth below trend line. Supply outlook for CY26 is better but only slightly. With a forecast YoY increment of 2−3% in supply, CY26 closing inventory should stay flat or nudged up a little (2−3%) as elevated prices temper down demand. However, the overall supply-demand scenario remains tight with little room to accommodate supply disruption from poor weather, supply-chain or geopolitics. Softer CPO prices should weigh down upstream margins but overall cost pressure is tempered somewhat by elevated PK prices which are still stronger by 45% YoY even after correcting in June. Meanwhile, PKO price discount to rival coconut oil has widened again on tight coconut supply due to dry weather. While the direct impact of US tariff is limited as palm oil-based fatty acids are exempted, the lingering uncertainties and worries over slower economic activity are limiting order size and nearer term deliveries. 2Q CY25 plantation earnings are expected to soften but only slightly, so healthy profits can still be expected on expected CPO prices of RM4,100 and RM4,000 per MT over CY25−26 respectively. There is no strong upside catalyst, thus our NEUTRAL weight for the sector. —Aug 12, 2025 Main image: The Edge

Johor Tribunal orders KK contractor to repay RM4,000 for incomplete roof painting job
Johor Tribunal orders KK contractor to repay RM4,000 for incomplete roof painting job

The Star

timea day ago

  • The Star

Johor Tribunal orders KK contractor to repay RM4,000 for incomplete roof painting job

Claimants and respondents waiting at Johor Consumer Claims Tribunal office for their matter to be heard. — ZAZALI MUSA/The Star A roofing contractor has been ordered to cough up RM4,000 as a partial deposit refund for failing to complete a painting job. A marketing executive, frustrated by the contractor's delays in repainting the roof of his home in Kota Kinabalu, Sabah, filed a case with the Johor Consumer Claims Tribunal. The claimant, Chin Liqi, said he decided to file the case with the Tribunal in Johor Baru instead of Kota Kinabalu because he worked in Singapore. Chin said he came across a classified advertisement in a newspaper for roof painting services during Chinese New Year when he was back in his hometown of Kota Kinabalu. 'I hired this contractor as I was on a short-break from my job in Singapore,' he said,adding that he did not have time to shop around for other contractors. The roof repainting work was for his family's double-storey terrace house in Taman Sempelang, Sembulan, within the capital city. He said the contractor quoted RM10,400 for the project, which was scheduled to begin in early April and completed by April 10. The first payment of RM3,000 was made on April 1, followed by RM1,500 on April 5, bringing the total deposit to RM4,500, the claimant said. 'Two workers came to the house to clean the roof while my parents were at home on April 5. 'At that time, I had returned to Singapore,' he said when met outside the Johor Consumer Claims Tribunal. The claimant said that was the only time the workers came to the house. 'I called the contractor repeatedly from Singapore and he gave several excuses as to why the workers never turned up,' Chin said. He said the contractor cited reasons such as rain, public holidays, workers on sick leave or assigned to other projects. 'After that, the contractor was not reachable and neither did he respond to my messages,' said the claimant. 'I'm only claiming RM4,000 refund from the respondent instead of RM4,500 since the workers did roof cleaning which is about RM500,' he said. Tribunal president Hafez Zalkapli ordered the respondent to refund RM4,000 to the claimant within two weeks. Those needing Tribunal assistance can call 07-227 1755/1766 or visit the Johor Consumer Claims Tribunal at Level 17, Menara Ansar, Jalan Trus, Johor Baru.

CPO Futures End Higher On Slower Production Outlook
CPO Futures End Higher On Slower Production Outlook

Barnama

time2 days ago

  • Barnama

CPO Futures End Higher On Slower Production Outlook

CPO Futures End Higher On Slower Production Outlook By Prabu KUALA LUMPUR, Aug 8 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, rebounding from earlier losses on expectations of a slower production pace in the coming weeks. Palm oil trader David Ng said that although the market is in a seasonally higher production period, which typically exerts downward pressure on prices, traders have anticipated a slower pace of growth ahead, lending some support to the market. However, he noted that gains were capped by weakness in the soybean oil market. 'We see CPO prices supported at RM4,200 per tonne, with resistance at RM4,320,' he told Bernama. At the close, the spot-month August contract rose RM12 to RM4,214 per tonne, September 2025 gained RM12 to RM4,234, and October 2025 added RM15 to RM4,255. The November 2025 note advanced RM17 to RM4,274 per tonne, December 2025 was up RM14 to RM4,284, and January 2026 added RM9 to RM4,289. Trading volume went up to 916,40 lots from 54,424 on Thursday, while open interest increased to 311,976 contracts from 227,566. The physical CPO price for August South rose RM20 to RM4,250 per tonne. -- BERNAMA

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store