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Daily Express
17 hours ago
- Daily Express
Husband abandons wife held in Semporna house raid
Husband abandons wife held in Semporna house raid SEMPORNA: A man abandoned his wife during a police drug raid on a house at Kampung Sejati 2, here, on Wednesday. The drugs seized weighed more than one kilogramme and estimated worth RM34,755.50. Advertisement Sabah General Operation Force (GOF) Commander, Datuk Abdul Rani Alias, said acting on intelligence, a team of GOF raided a squatter house in the area. 'In the 7am operation, the man escaped from the kitchen window while his wife was detained for further investigation. SPONSORED CONTENT 'During the raid, the team discovered several plastic packets containing substance believed to be syabu which were hidden between the wall and cupboard inside the house,' he said. Urine test conducted on the woman found negative for drug abuse. Advertisement He said the suspect and the seizures were handed over to Semporna Narcotic Crime Investigation Division and investigation is carried out under the Dangerous Drug Act 1952. Abdul Rani added that efforts to track down the suspect who escaped during the operation is still ongoing.
New Straits Times
a day ago
- Business
- New Straits Times
Palm rises on strong rival oils, set for fourth weekly gain
KUALA LUMPUR: Malaysian palm oil futures opened higher on Friday, and were set for a fourth consecutive weekly gain, buoyed by stronger rival edible oils, but weaker crude oil prices capped the rise. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange added RM34, or 0.87 per cent, to RM3,937 (US$930.73) a metric ton in early trade. The contract has risen 1.11 per cent so far this week. FUNDAMENTALS Dalian's most-active soyoil contract rose 0.89 per cent, while its palm oil contract added 0.79 per cent. Soyoil prices on the Chicago Board of Trade (CBOT) gained 1.41 per cent. Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market. Oil prices slipped but were on track for their first weekly gain in three weeks after US President Donald Trump and China's Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world's two largest economies. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, weakened 0.07 per cent against the dollar, making the commodity slightly cheaper for buyers holding foreign currencies. Chicago soybean extended its climb to the fourth straight session and was set for a weekly gain on expectations of improved US-China trade ties, fuelled by the phone call between the leaders of the two countries. Asian shares were subdued as investors hunkered down for the all-important US payrolls report, while Tesla suffered huge losses on the very public feud between Trump and billionaire Elon Musk.
Borneo Post
28-05-2025
- Business
- Borneo Post
Sarawak's online sellers record RM8 mln gross sales in Q1 2025
Photo for illustration purposes only. — Photo by Pavel Danilyuk/Pexels KUCHING (May 28): Online sellers in Sarawak generated RM8 million in gross sales in the first quarter of 2025, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan. The International Trade, Industry and Investment Minister said in March 2025, Miri's top online seller Cosfume by Cosmo Online Cosmetics (M) Sdn Bhd recorded over RM540,000 in monthly sales. 'Leading product categories included lifestyle, electronic gadgets, fashion, and collectibles,' he said in his ministerial winding up speech at the State Legislative Assembly (DUN) here today. Awang Tengah also told the august House his ministry facilitates promotions through national and international expos. 'Our programme assisted over 1,200 micro, small, and medium enterprises (MSMEs) and generated more than RM34 million in revenue. 'These programmes are Showcase Usahawan Sarawak, Sabah International Food Expo, Satu Daerah Satu Industri, and FHA Food & Beverage 2025,' he said. The Sarawak Trade and Tourism Office in Singapore (Statos) had finalised six trade distribution agreements between Singapore and Sarawak, securing RM63.5 million in sales across services, food, and beverages, as well as RM7.5 million in agricultural investments. 'In October 2025, my ministry, in collaboration with Statos, will host the Sarawak Mega Fair 2025 in Singapore to support SMEs in expanding globally, leveraging Singapore strategic position as a regional trade hub. 'This event aims to promote international trade, investment and tourism between Sarawak, Singapore and beyond,' he said. In addition, he said the Sarawak Trade and Tourism Office in Brunei (Statob), which began operations in October 2024, has been actively collaborating with Brunei counterparts and beyond. Other programmes organised by the Ministry of International Trade, Industry and Investment include investment, trade grants and export compliance seminars in Kuching, Miri, Sibu, and Bintulu in collaboration with the Malaysian Investment Development Authority (Mida), Malaysia External Trade Development Corporation (Matrade), SME Corp Malaysia, and Shopee. 'These seminars tailored to each city's business sector, enhanced business networks, awareness of funding opportunities and strategic growth, which benefited over 260 participants in compliance and international expansion,' Awang Tengah added. Awang Tengah Ali Hasan lead online sellers
New Straits Times
28-05-2025
- New Straits Times
Perlis Customs seizes untaxed ciggies, liquor, arrests senior citizen
PADANG BESAR: Perlis Customs seized untaxed cigarettes and liquor worth over RM34,000, with unpaid duties exceeding RM70,000, in two separate raids in Taiping, Perak and Sungai Petani, Kedah over the weekend. The contraband was found stored in residential homes repurposed as makeshift warehouses. During one of the operations, a 60-year-old man believed to be the mastermind behind the illegal activity was arrested. Officers also seized three vehicles allegedly used to transport the untaxed goods. State Customs director Ismail Hashim said the first raid was conducted at 2.15am on May 17 following a tip-off about suspicious activities at the suspect's residence. "We found three cars parked outside the house. Upon inspection, 24,210 sticks of undeclared cigarettes and 113.25 litres of liquor were found in the boot of the vehicles," he said. The suspect, a trader, allegedly confessed to running the smuggling operation from his home for the past year. Authorities believe the goods were sourced from the Klang Valley. "The seized cigarettes include cigarettes from Indonesia and Germany. They were believed to be intended for distribution around Taiping," he said. In the second raid at about 1.30pm the same day, officers stormed a vacant house in Bukit Banyan, Sungai Petani and found 73,040 sticks of cigarettes worth RM50,563.80 hidden in a living room. "Although the two cases are not directly linked, we believe the modus operandi is similar, using cars or vacant premises as storage sites before distributing the items around Taiping and Sungai Petani," Ismail said. He added that the cigarettes and liquor found in the vehicles during the first raid appeared to have been recently acquired from suppliers. In total, 97,250 sticks of cigarettes worth RM33,258 were seized, involving unpaid duties estimated at RM67,510.80. The 113.25 litres of liquor were valued at RM1,489.52, with duties totalling RM2,734.41. "All three vehicles, believed to belong to the suspect, were also seized. Each is estimated to be worth around RM10,000," Ismail said. Cigarettes and liquor are restricted items and subject to import permits issued by the Customs Director-General under Items 1 and 3, Schedule III, Part II of the Customs (Prohibition of Imports) Order 2023. The case is being investigated under Section 135(1)(d) of the Customs Act 1967. If convicted, the offender may be fined not less than 10 times the value of the goods or RM100,000, whichever is higher, and not more than 20 times the value or RM500,000, or face imprisonment of between six months and five years, or both.
The Sun
23-05-2025
- Business
- The Sun
OnlyFans owner eyes US$8b deal with investors
LONDON: OnlyFans owner Fenix International Ltd is in talks to sell the adult entertainment platform to an investor group at a valuation of around US$8 billion (RM34 billion), three sources familiar with the matter told Reuters. The group is led by the Forest Road Company, a Los Angeles-based investment firm, the sources said. Reuters could not identify the investors in the group. The investor group and current deal value have not previously been reported. OnlyFans, which exploded in popularity during the Covid-19 pandemic, is best known as an online platform that allows adult content creators to charge subscribers for content. OnlyFans takes 20% of creators' earnings. In the year ended November 2023, the company generated US$6.6 billion in revenue, according to a filing with British regulators. That is up from US$375 million in 2020, and this rapid growth has attracted investor interest. Some executives at Forest Road were part of a special purpose acquisition company that was in talks to take OnlyFans public in 2022, according to sources and filings with the US Securities and Exchange Commission. OnlyFans and Forest Road declined to comment. One of the three sources and another source familiar with sale discussions said Fenix International Ltd is also in talks with other potential suitors. The London-based company has drawn interest from several suitors in recent months. Talks have been held at least since March, the people said. Three sources said a deal could be reached in the next week or two. The sources also cautioned that there was no certainty a deal will be struck and requested anonymity ahead of an official announcement. An initial public offering is also being considered, three of the sources said. The company's sole shareholder is Leonid Radvinsky, a Ukrainian American whose location could not be confirmed. He bought OnlyFans in 2018 and has paid himself at least US$1 billion in dividends over the past three years, British filings showed. Last year, Reuters published a series of investigative stories on OnlyFans that documented complaints in US police and court records that child sexual abuse material and nonconsensual explicit content has appeared on the site since 2019. The series also identified cases of sex traffickers using the platform to abuse and exploit women. Adult content makes OnlyFans untouchable for many big banks and investors, sources have told Reuters, because due diligence might find illegal content such as child sexual abuse material, trafficking victims and nonconsensual explicit content. The New York Post reported on Wednesday the company was exploring a potential sale. Founded in 2017, Forest Road is an investment firm interested in media, renewable energy and digital assets, according to its website. Its ventures have included a Formula E racing team and in 2024 expanded its advisory business by acquiring a majority stake in ACF Investment Bank. – Reuters
