Latest news with #RM1.83
New Straits Times
10 hours ago
- Business
- New Straits Times
MMEA seizes 178 foreign fishing vessels over past three years
KUALA LUMPUR: The Malaysian Maritime Enforcement Agency (MMEA) has seized a total of 178 foreign fishing vessels over the past three years, with 109 of them already disposed of. MMEA director-general Datuk Mohd Rosli Abdullah said Vietnamese vessels accounted for the highest number of seizures, with 84 boats, followed by Indonesia (61), Thailand (30) and China (three). He said the 109 vessels that were disposed of had a combined estimated value of RM1.83 million. "Vietnamese vessels made up the majority of those disposed of, totalling 97, followed by 11 from Indonesia and one from Thailand. "From 2023 to 2025, the MMEA recorded proceeds from auction sales amounting to RM3,752,330.50, while compounds and fines totalled RM84,141,077.80," he said.
New Straits Times
2 days ago
- Business
- New Straits Times
Bursa's Energy Index breaks from pack on oil price rally
KUALA LUMPUR: Bursa Malaysia's Energy Index rose to the top of sectoral gainers, driven by a global rally in oil prices amid heightened geopolitical tensions in the Middle East. It was the only index to post a gain of over one per cent, bucking the broader downtrend across sectors that persisted into the afternoon session. As at 3pm, the 31-stock Energy Index had climbed 1.32 per cent, or 9.73 points, to 745.44. Year-to-date, the index is still down 10.23 per cent. Reservoir Link Energy Bhd, Hibiscus Petroleum Bhd and Dialog Group Bhd were among the most actively traded counters fuelling the sector's gains. At press time, Reservoir Link rose 1.35 per cent to 37.5 sen. The counter was the third most active with nearly 40 million shares changing hands, its highest single-day volume in at least six months. Hibiscus Petroleum led the gainers in the oil and gas space, surging 7.02 per cent or 12 sen to RM1.83 on 17.21 million shares traded. Bumi Armada Bhd edged up half a sen to 47.5 sen, while Dialog Group Bhd added four sen, or 2.60 per cent, to RM1.58 with 6.32 million shares traded. The rally in energy stocks followed a spike in global crude oil prices after United States military strikes on Iran intensified concerns of supply disruptions in the Middle East. Brent crude futures for August rose 2.4 per cent to US$79 a barrel, while West Texas Intermediate (WTI) climbed 2.5 per cent to US$73.84. Both benchmarks had earlier jumped as much as four per cent to hit four-month highs, with Brent briefly touching US$81 a barrel. At the time of writing, Brent and WTI were trading at US$77.51 and US$74.31 respectively, both up about 0.65 per cent on the day and marking their highest levels in a month. In Tehran, Iranian Supreme Leader Ayatollah Ali Khamenei vowed retaliation against "the Zionist enemy" in his first public statement since the US joined Israel's attacks on Iran. Market participants anticipate further price gains as fears grow that Iran may retaliate by closing the Strait of Hormuz, a vital chokepoint for about one-fifth of the world's crude oil supply. Back home, the FTSE Bursa Malaysia KLCI rose 0.51 per cent, or 7.62 points, to 1,510.36, rebounding from last Friday's close of 1,493.19. Apart from energy, financial services was the only other sectoral index in the green, up 0.43 per cent. The day's biggest sectoral decliners were the Transportation & Logistics, Technology, and Healthcare sectors, which fell 1.28 per cent, 1.23 per cent and one per cent respectively.
The Star
16-05-2025
- The Star
Indonesia's Navy seizes ship carrying methamphetamine an, cocaine worth RM1.825 billion; a Thai and four Myanmar nationals arrested
JAKARTA (Reuters): Indonesia's navy seized a ship carrying nearly two tons of methamphetamine and cocaine worth $425 million (RM1.83 billion) off Sumatra this week, and arrested a Thai national and four Myanmar nationals found aboard the vessel, the navy said on Friday. Officers apprehended the ship after it turned off its lights and increased its speed to try to flee Indonesian waters in the Tanjung Balai Karimun region of Riau Islands province, the navy said. Officers seized nearly 100 yellow and white sacks holding about 1.2 tons of cocaine and 705 kilograms of methamphetamine worth 7 trillion rupiah ($425.92 million), navy spokesperson, I Made Wira Hady Arsanta Wardhana, said in a statement. Indonesia has among the world's strictest anti-narcotics laws and drug trafficking is punishable by death. The navy said the ship, bearing a Thai flag, was taken to a navy base in Tanjung Balai Karimun. It did not give details of the crew members' origins apart from their nationalities. Officials are still investigating where the drugs came from and where the ship was headed, navy official Fauzi, who goes by one name, said in a press conference. The seizure is among the largest busts in the country. A record 190 tons of methamphetamine were seized in East and Southeast Asia in 2023 as organised crime groups exploited weak law enforcement to traffic the drugs, mainly via the Gulf of Thailand, the U.N. Office on Drugs and Crime said in a 2024 report. The Golden Triangle - an area of northeast Myanmar that meets parts of Thailand and Laos - has a long history of producing drugs, mainly used by Asian crime syndicates which distribute the narcotics as far as Japan and New Zealand. In 2022, 179 kg (395 lb) of cocaine were found in waters near the port of Merak on Java island, at the time the largest cocaine seizure in the country, the United Nations drug agency said in a 2023 global report on cocaine. ($1 = 16,435.0000 rupiah) (Reporting by Stanley Widianto and Ananda Teresia, Editing by William Maclean) - Reuters
