Latest news with #986
The Sun
28-07-2025
- Health
- The Sun
Local woman foiled smuggling health products worth RM4,000 in Kedah
PUTRAJAYA: The Bukit Kayu Hitam Malaysian Border Control and Protection Agency (AKPS) successfully intercepted a local woman attempting to smuggle four unregistered health products at the Bukit Kayu Hitam Immigration, Customs, Quarantine and Security Complex (ICQS) in Kedah. The products, estimated to be worth RM4,460, were suspected of containing scheduled poisons under the Poisons Act 1952. According to an AKPS statement, the Royal Malaysian Customs Department (JKDM) referred the seized items to the Pharmaceutical Enforcement Division, Ministry of Health (MOH) for further action. 'The inspection found that the health products in question were not registered with the Drug Control Authority (PBKD) and were suspected of containing poisons controlled under the Poisons Act 1952,' the statement read. AKPS confirmed that the confiscated goods would undergo forfeiture and disposal procedures, while investigations into the woman involved would proceed under existing legal provisions. 'AKPS will not compromise with any party attempting to smuggle prohibited goods that could threaten public safety and health,' the agency emphasized. The statement also revealed that this year alone, the MOH has seized goods worth RM32,986, including seven items worth RM2,640 in January, 18 items worth RM25,116 in March, and seven items worth RM5,230 in July. - Bernama
New Straits Times
28-07-2025
- Health
- New Straits Times
Woman caught smuggling unregistered health products
BUKIT KAYU HITAM: A Malaysian woman's attempt to smuggle four unregistered health products was thwarted yesterday at the Bukit Kayu Hitam ICQS Complex. The items, suspected to contain scheduled poison, were valued at RM4,460. In a statement, the Malaysian Border Control and Protection Agency said all four products were found to be unregistered with the Drug Control Authority (DCA) and may contain substances controlled under the Poisons Act 1952. It said the Customs Department referred the case to the Health Ministry's Pharmaceutical Enforcement Division at around 3.30pm. "For the record, this year the Health Ministry has already handed over 32 items worth RM32,986 to Customs," read the statement. These included seven items worth RM2,640 in January, 18 items worth RM25,116 in March, and another seven worth RM5,230 this month. The items will be confiscated and disposed of, with further investigation underway against the woman involved. It said it would not compromise with any parties attempting to smuggle prohibited items that may pose a threat to public safety and health.
New Straits Times
02-07-2025
- Business
- New Straits Times
BMI maintains average annual CPO futures price at RM4,150 per tonne this year
KUALA LUMPUR: BMI, a Fitch Solutions unit, has maintained its view that the average annual price forecast for Bursa Malaysia-listed crude palm oil (CPO) futures contracts will trade at RM4,150 a tonne in 2025. In a note today, BMI said that as of the market's closure on June 27, front-month CPO contracts settled at RM3,986 per tonne, bringing the year-to-date average to RM4,360 per tonne. "Accordingly, we expect palm oil prices to trade between RM3,800 per tonne and RM4,000 per tonne for the remainder of 2025," it said. BMI said palm oil prices came under significant pressure throughout the second quarter (2Q), declining by 17.7 per cent in the quarter-to-date, driven by weaker global crude prices, improved Malaysian output and subdued demand. However, it said the market found some "support" in June following a brief rally, sparked by both geopolitical and policy developments. "Prices rose by around six per cent between June 12 and June 16, initially as global crude oil prices surged in the wake of the Israel-Iran conflict. "This rally was further reinforced by the United States Environmental Protection Agency's (EPA) announcement of sharply higher proposed biofuel blending targets for 2026 and 2027, with the 2026 target representing a 67.5 per cent year-on-year (y-o-y) increase," it said. While these proposals primarily buoyed soya oil, the resulting strength in the broader edible oils complex also benefited palm oil prices, it added. Meanwhile, BMI expects Malaysian palm oil output to reach 19.5 million tonnes in the 2025/2026 season, representing a y-o-y increase of 0.5 per cent. "In our 1Q 2025 price forecast update, we highlighted that ongoing production challenges in Malaysia were providing support to palm oil prices, as data from the Malaysian Palm Oil Board indicated a 5.9 per cent y-o-y reduction in crude palm oil output during 1Q 2025. "However, we also anticipated that Malaysian crude palm oil production would recover over the coming months," it said, adding this expectation has been validated as of the latest available monthly data (May), with cumulative output in April and May 2025 totalling 3.5 million tonnes, a y-o-y increase of 7.8 per cent. BMI said this recovery has helped alleviate some of the recent tightness in the global market, exerting downward pressure on prices.
Hans India
02-07-2025
- Business
- Hans India
JSW Paints eyes sharp rise in market share
Mumbai: JSW Paints aims to significantly increase its market share in decorative and industrial coating segments, following the acquisition of Akzo Nobel India Ltd, the makers of Dulux paints, a top company official said. Last week, JSW Paints announced the acquisition of 74.76 per cent stake from the Dutch promoters of Akzo Nobel India Ltd (ANIL) for a consideration of Rs8,986 crore and announced an open offer of up to Rs3,929.06 crore. JSW Paints, part of Sajjan Jindal-led $23 billion JSW Group, will fund the nearly Rs13,000 crore acquisition, partly through a mix of internal accruals, support from financial creditors and through private equity, its Managing Director Parth Jindal said. Once the acquisition is completed post approvals from regulatory bodies such as Competition Commission of India and others, the five-year old company, JSW Paints, would become the fourth largest player in the segment, he said. Terming it as a momentous occasion for JSW Paints, Jindal said 'coming together with Dulux, takes us into the top four in the Indian paint industry. It allows us to scale up our business and it allows us to come very close to our ambition of being in the top three players in the Indian paints industry.' After the acquisition of ANIL, JSW Paints would have two levers of growth in the domestic paints market, which is expected to grow to $15 billion by 2029. Brand Dulux would focus on the premium side, in the metro and tier I & II cities, while JSW will continue to expand in the mass and value segments.
New Straits Times
29-06-2025
- Business
- New Straits Times
CPO futures likely to trade sideways next week due to lack of fresh cues
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways next week owing to a lack of fresh market cues. Palm oil trader David Ng said there aren't any strong new factors to push prices significantly higher or lower. "There aren't any major catalysts at the moment to push prices sharply in either direction, so we expect the market to remain range-bound for now as traders wait for fresh leads. "Prices are expected to trade within the range of RM3,900 to RM4,100 per tonne," he told Bernama. On a weekly basis, the July 2025 contract fell RM85 to RM3,986 per tonne, while August 2025 dropped RM102 to RM4,005 per tonne. September 2025 declined RM107 to RM4,011 per tonne, October 2025 eased RM104 to RM4,011 per tonne, November 2025 slipped RM101 to RM4,017 per tonne, and December 2025 decreased RM95 to RM4,031 per tonne. The weekly trading volume decreased to 267,618 lots from 401,206 lots in the previous week, while open interest went down to 224,560 contracts from 231,757 contracts. The physical CPO price for July South decreased by RM100 to RM4,020 per tonne.
