tags - Sinar Daily

Sinan Ismail, founder of Durioo

Panchalai Supermaniam (centre), mother of the Malaysian national Nagaenthran K. Dharmalingam sentenced to death for trafficking heroin into Singapore, arrives at the Supreme Court for the final appeal in Singapore on April 26, 2022. - AFP

Uber has been fined 26 million Australian dollar (about 19 million U.S. dollars) after admitting that it breached Australian consumer law by making false or misleading statements. - Photo: AFP

An activist holding a placard attends a candlelight vigil against the impending execution of Nagaenthran K. Dharmalingam, sentenced to death for trafficking heroin into Singapore, outside the Singaporean embassy in Kuala Lumpur on Nov 8, 2021. - AFP

Indonesia, the world's top palm oil producer will ban exports in a shock move that could further inflame surging global food inflation.

Minister in Prime Minister’s Department (Economy) Mustapa Mohamed said the Russian invasion of Ukraine has hampered Malaysia and Thailand’s post-Covid economic recovery as it had led to a surge in the prices of various commodities, especially oil, gas and grains. - Bernama Photo

Deputy Minister of Plantation Industries and Commodities II Wee Jeck Seng said the move is expected to boost prices of palm oil and competing oils in the international market since Indonesia is a top producer and exporter of palm oil.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz

Despite facing external pressure such increase in interest rates by the US Federal Reserve, depreciation of the Yuan currency and other geopolitical issues, the ringgit remains resilient, assures the Finance Ministry (MoF). - 123RF Photo