Day: July 9, 2024

KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivatives closed higher today as the US dollar and US bond yields fell in the wake of the weak jobs report. A weaker US dollar is likely to drive the price of gold higher through increasing demand as more gold could be purchased when the greenback is lower. At the close, the spot month July 2024 contract increased to US$2,375.00 per troy ounce from US$2,370.50 per troy ounce last Friday. Meanwhile August 2024, September 2024, October 2024, December 2024 and February 2025 rose to US$2,391.00 per troy ounce from US$2,386.50 per

KUALA LUMPUR, The Drug Dependants (Treatment and Rehabilitation) (Amendment) Bill 2024, which was tabled for its second reading, has been deferred and will now be referred to two Parliamentary Special Select Committees (PSSC) for further engagement. Home Minister Datuk Seri Saifuddin Nasution Ismail said the decision to defer the bill, which has been under discussion since last week, was made in accordance with Standing Order 62 after careful consideration of views from members of parliament, in addition to ensuring that the bill is refined and meets the highest legislative standards upon approval. ‘During this period, we will invite all relevant

SUBANG JAYA, Communications Minister Fahmi Fadzil will hold a meeting with Digital Minister Gobind Singh Deo and Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said tomorrow to discuss matters related to cyberbullying. ‘We want to make sure that the internet is safe, especially for children and families. ‘All these matters will be carefully discussed with the two ministers involved before we bring them to the Cabinet meeting this Friday,’ he said after launching the CelcomDigi AI Experience Centre here today. Meanwhile, Fahmi said that an individual believed to be involved in cyberbullying that

KUALA LUMPUR, The National Cooperative Congress 2024, which will be held for two days beginning July 25, will among other things, discuss issues, initiatives and new directions aimed at strengthening the role of the cooperative movement. Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) president Datuk Seri Dr Abdul Fattah Abdullah said this would be the third congress, with the last edition taking place 53 years ago in March 1971 and the first one in 1966. ‘Various changes in the national and global economic landscapes have occurred since the last congress. Changes are required to ensure the cooperative movement remains relevant and

PUTRAJAYA, The Malaysian Anti-Corruption Commission (MACC) will summon several witnesses to record their statements in the near future over issues involving the Human Resource Development Corporation (HRD Corp). MACC Investigation Division senior director Datuk Seri Hishamuddin Hashim shared this development after the commission’s investigative team’s visit to HRD Corp in Kuala Lumpur and the Human Resources Ministry (KESUMA) here today to obtain follow-up documents. “So far, no witnesses have had their statements recorded but MACC will summon witnesses in the near future after document reviews are conducted. “The commission has visited KESUMA and HRD Corp to obtain documents for investigation