Latest news with #RM1.64
New Straits Times
10-06-2025
- Business
- New Straits Times
Bursa holds gains at lunch break despite softer market sentiment
KUALA LUMPUR: Bursa Malaysia ended the morning trading session in positive territory, though the tone remained soft due to mixed regional performances, with buying interest expected to shift towards fundamentally strong companies. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 2.08 points to 1,521.49, from Monday's close of 1,519.41. The benchmark index opened 0.30 points higher at 1,519.71, and subsequently fluctuated between 1,517.74 and 1,522.30 throughout the session. Advancers edged ahead of decliners at 384 versus 381 on the broader market, while a total of 466 counters were unchanged, 1,138 untraded and 11 suspended. Turnover stood at 1.79 billion units, valued at RM883.18 million. Malacca Securities Sdn Bhd said the local bourse is expected to see subdued trading, as investors' attention may shift to fundamentally strong companies. Wall Street is expected to focus on the United States-China trade talks, which have driven modest gains in equities as officials hinted at progress ahead of the resumption of negotiations on Tuesday. "As the market factors a rate-cut environment, Real Estate Investment Trusts could attract interest due to their healthy yields of over four per cent," it said in a research note today. Among the heavyweights, 99 Speed Mart added nine sen to RM2.19, Axiata was six sen better at RM2.09, Public Bank rose two sen to RM4.28 and Telekom Malaysia added nine sen to RM6.65, while MR DIY and Press Metal bagged three sen each to RM1.64 and RM5.03, respectively. As for the most active stocks, MYEG, Harvest Miracle and NEXG were all flat at 94.5 sen, 18 sen and 37 sen, respectively, while Tanco lost 2.5 sen to 96.5 sen. On the index board, the FBM Emas Index added 24.54 points to 11,417.73, the FBMT 100 Index gained 24.84 points to 11,183.31, and the FBM Emas Shariah Index climbed 30.60 points to 11,394.64. The FBM 70 Index advanced 74.24 points to 16,483.55, while the FBM ACE Index erased 5.83 points to 4,506.30. Sector-wise, the Energy Index gained 1.19 points to 722.05, and the Industrial Products and Services Index perked up 0.12 of a point to 152.46. Meanwhile, the Financial Services Index eased 3.35 points to 17,728.85 and the Plantation Index declined 13.21 points to 7,235.62.
The Sun
26-05-2025
- The Sun
Customs seize 272 tonnes of scrap iron worth RM1.64 million
KLANG: The Selangor Royal Malaysian Customs Department (JKDM) seized 272.6 tonnes of scrap iron worth RM1.64 million that was illegally brought in, following the detention of 14 containers at West Port Free Zone recently. Assistant Director-General of Customs (Enforcement) Raizam Setapa @ Mustapha said all the goods were confiscated after a series of inspections and seizure conducted by his department last April. He said preliminary investigations revealed that the scrap metal was imported from several countries in the Americas, Europe, and Asia, and is believed to have been brought in for recycling purposes in this country. 'Inspections found that the goods were declared as copper alloy, alternators, and used vehicle components, including aluminum powder, in Customs Form 1 to mislead the authorities. 'All the goods confirmed as scrap iron were seized for not having an Import Permit issued by the Standards and Industrial Research Institute of Malaysia (SIRIM) as outlined under Item 5, Part 1, Fourth Schedule, Customs (Prohibition of Imports) Order 2023,' he said during a press conference at Wisma Kastam, Pulau Indah here today. In other developments, Raizam said JKDM Selangor also seized 26,238 liters of alcoholic beverages worth RM188,724 after detaining a 40-foot container on May 6. He said the container arrived at Port Klang on April 22, with the goods declared as furniture. Raizam also stated that his department successfully foiled attempts to smuggle five types of commodities, including rice, chewing tobacco, and 21 units of washing machines and clothes dryers, with a total value of RM3.5 million through seizures involving the West and North Port Free Zone areas throughout April and May. 'All cases are being investigated under Section 135(1)(a) of the Customs Act 1967 for importing prohibited goods contrary to a prohibition and Section 133(1)(a) of the same act for making false declarations,' he said.
Barnama
26-05-2025
- Barnama
Customs Seize 272 Tonnes Of Scrap Iron Worth RM1.64 Million
KLANG, May 26 (Bernama) -- The Selangor Royal Malaysian Customs Department (JKDM) seized 272.6 tonnes of scrap iron worth RM1.64 million that was illegally brought in, following the detention of 14 containers at West Port Free Zone recently. Assistant Director-General of Customs (Enforcement) Raizam Setapa @ Mustapha said all the goods were confiscated after a series of inspections and seizure conducted by his department last April. He said preliminary investigations revealed that the scrap metal was imported from several countries in the Americas, Europe, and Asia, and is believed to have been brought in for recycling purposes in this country. "Inspections found that the goods were declared as copper alloy, alternators, and used vehicle components, including aluminum powder, in Customs Form 1 to mislead the authorities. "All the goods confirmed as scrap iron were seized for not having an Import Permit issued by the Standards and Industrial Research Institute of Malaysia (SIRIM) as outlined under Item 5, Part 1, Fourth Schedule, Customs (Prohibition of Imports) Order 2023," he said during a press conference at Wisma Kastam, Pulau Indah here today. In other developments, Raizam said JKDM Selangor also seized 26,238 liters of alcoholic beverages worth RM188,724 after detaining a 40-foot container on May 6. He said the container arrived at Port Klang on April 22, with the goods declared as furniture. Raizam also stated that his department successfully foiled attempts to smuggle five types of commodities, including rice, chewing tobacco, and 21 units of washing machines and clothes dryers, with a total value of RM3.5 million through seizures involving the West and North Port Free Zone areas throughout April and May. "All cases are being investigated under Section 135(1)(a) of the Customs Act 1967 for importing prohibited goods contrary to a prohibition and Section 133(1)(a) of the same act for making false declarations," he said.
![[UPDATED] Customs seizes RM1.64mil worth of smuggled scrap metal in Port Klang](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FCastom2605_1748249528.jpg&w=3840&q=100)
New Straits Times
26-05-2025
- New Straits Times
[UPDATED] Customs seizes RM1.64mil worth of smuggled scrap metal in Port Klang
KLANG: Over 272.6 tonnes of smuggled scrap metal worth RM1.64 million have been seized by the Customs Department. It also thwarted four other smuggling attempts involving illicit beer, electrical appliances, rice, and chewing tobacco, valued at an additional RM1.87 million. Customs Department assistant director general (enforcement) Raizam Setapa @ Mustafa said that a total of 14 shipping containers were detained last month at the West Port Free Zone. "Inspections revealed the contents were declared as copper alloy, alternators, used car parts, and aluminium flakes originating from the US, Europe, and Asia," she told reporters at Wisma Kastam, Pulau Indah, today. She said that scrap metal was subject to an import permit issued by Sirim, as it is prohibited under Schedule 4 of the Customs Order (Prohibition on Imports) 2023. "Our investigations found that the scrap metal was brought in by various importers without the necessary documentation. "We believe these importers intended to use the scrap metal for recycling activities," she added, adding that the shipments were initially flagged for further inspection to determine whether the contents were e-waste or scrap metal. Subsequent analysis confirmed that the shipments contained scrap metal, not e-waste. Meanwhile, Raizam said that 51,138 tins of illicit beer worth RM978,319 were seized on May 6 following an inspection of a container at North Port. "Checks showed the shipment came from a neighbouring country and was falsely declared as chairs. "We believe the beer was smuggled into Malaysia to be sold on the black market," she said. Raizam said that her officers foiled three other smuggling attempts in April involving rice worth RM304,640, chewing tobacco worth RM65,785, and washing machines and dryers worth RM521,400. "Inspections revealed these goods were smuggled via four shipping containers and falsely declared as foodstuffs, pan masala, and women's sandals to avoid detection," she said. All five cases are currently under investigation under Section 135(1)(a) of the Customs Act 1967 for false declaration. If convicted, offenders may be fined not less than 10 times the value of the goods or RM100,000, whichever is greater, and not more than 20 times the value of the goods or RM500,000, whichever is greater, or be imprisoned for not less than six months and not more than five years, or both. Those with information on smuggling activities are urged to contact the Customs Department Hotline at 1800 88 8855 or visit the nearest Customs Department office. Informants' identities will be kept strictly confidential.
New Straits Times
26-05-2025
- New Straits Times
Customs seizes smuggled scrap metal worth RM1.64 million in Port Klang
KLANG: The Customs Department has seized over 272.6 tonnes of smuggled scrap metal worth RM1.64 million after seizing 14 shipping containers at the West Port Free Zone here last month. They also thwarted four other smuggling attempts involving illicit beer, electrical appliances, rice, and chewing tobacco worth an additional RM1.87 million. Customs Department Assistant Director General (Enforcement) Raizam Setapa @ Mustafa, speaking at a press conference at Wisma Kastam in Pulau Indah here today, said checks revealed that the contents were declared as copper alloy, alternators, used car parts and aluminium flakes. The materials, she said, originated from America, Europe and Asia.
