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Day: July 24, 2024

PBBM’s anti-illegal drugs policy more effective, humane – Barbers

MANILA: A lawmaker on Wednesday said the anti-illegal drug campaign under President Ferdinand R. Marcos Jr. is more ‘effective and humane’ and has achieved more the desired results without resorting to extra-judicial killings. Surigao del Norte 2nd District Rep. Robert Ace Barbers, chairman of the House committee on dangerous drugs, said the shift from bloody to bloodless anti-illegal drug campaign has completely stopped abuses by law enforcers in the enforcement of the law. ‘Ang kampanya laban sa droga nuong nakalipas na panahon ay parang ‘pitik bulag’ na naglikha ng maraming mga naulila na pamilya, na ang mga anak o kampag-anak

ECONOMIST : DIESEL SUBSIDY RATIONALISATION HAS MARGINAL IMPACT ON JUNE INFLATION

KUALA LUMPUR, The lower-than-expected inflation rate of two per cent in Malaysia for June 2024 suggests that the impact of diesel subsidy rationalisation appears minimal, said an economist. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the diesel subsidy rationalisation implemented on June 10 accounted for just 0.2 per cent of the total Consumer Price Index (CPI) weight. ‘However, the risk of higher inflation going forward will depend on business pricing behaviour, as companies might raise prices to maintain profit margins,” he told Bernama. The recent subsidy adjustment resulted in a significant increase in diesel prices

BURSA MALAYSIA OPENS LOWER

KUALA LUMPUR, Bursa Malaysia opened marginally lower today, mirroring the downbeat performance on Wall Street overnight, said an analyst. At 9.14 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 2.96 points to 1,626.72 from Tuesday’s close of 1,629.68. The index opened 1.63 points higher at 1,631.31. In the broader market, decliners led gainers 239 to 165, with 361 counters unchanged, 1,706 untraded and six suspended. Turnover stood at 334.74 million units worth RM135.80 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said that given the current sentiment in Malaysian stocks and the ongoing bull run this

SUKMA : PARENTAL SUPPORT IGNITES QISTINA QHARISYA’S QUEST FOR GOLD

IPOH, Weightlifter Qistina Qharisya Suffia Mohd Muzani, 19, is determined to win gold at the Malaysian Games (SUKMA) 2024 in Sarawak, from Aug 17 to 24, fueled by the presence and sacrifices of her parents. “My parents have used their savings to come see me compete. I cannot waste their efforts and will repay them with a gold medal. ‘Their blessings and prayers have brought me this far, and I am determined to win gold for them,” Qistina Qharisya said. She aims to improve on her silver medal performance from SUKMA Kuala Lumpur two years ago and sees a bright

PETROL, DIESEL PRICES REMAIN UNCHANGED UNTIL JULY 31

KUALA LUMPUR, The retail prices for RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05 and RM3.35 per litre, respectively, from July 25 until 31. In a statement today, The Ministry of Finance said the diesel retail price in Sabah, Sarawak and Labuan would also remain unchanged at RM2.15 per litre. It said the prices were fixed based on the price of petroleum products using the Automatic Pricing Mechanism formula. ‘The government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and well-being of