Day: July 31, 2024

NASSAU, The Bahamas,, The Securities Commission of The Bahamas (the Securities Commission) today announced the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) has been passed into law by the Parliament of The Bahamas, in a pacesetting move that solidifies the country’s position as a leader in digital asset regulation. Building upon the foundation laid by the DARE Act, 2020, the legislation introduces comprehensive reforms designed to address the evolving landscape of digital assets and cryptocurrency markets. ‘DARE 2024 represents a new standard in digital asset regulation and is a testament to our commitment to robust risk management,’ said

KUALA LUMPUR,, There is a fallacy that the Malaysian Communications and Multimedia Commission (MCMC) is so powerful that it has the authority to take down any content that it deems offensive. Let’s look at some real cases. A desperate father turned to me for help because the former boyfriend of his daughter posted some very private pictures online taken during happier times. But the man became nasty when the relationship fell apart and it got worse because these photographs suddenly appeared on some pornographic sites. Reports were made but MCMC ran into obstacles because these foreign social platform owners do

NILAI, RYTHM Foundation, the social impact initiative of the global conglomerate QI Group, recently hosted its most extensive Maharani School Programme (MSP) Camp for adolescent girls since the onset of the COVID-19 pandemic. Head of the foundation, Santhi Periasamy said this three-day camp which started last Friday, gathered 200 Form Three students from the five participating secondary schools namely Sekolah Menengah Kebangsaan (SMK) Dato’ Kelana Putra, SMK Dato’ Shahardin, SMK Felda Seri Sendayan, SMK Mantin and SMK Puteri. She said organising the largest MSP Camp since the pandemic is a major achievement for the RYTHM Foundation in continuing to provide

KUALA LUMPUR,, The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives traded higher this morning. At 9.56 am, the spot month July 2024 contract added 1.0 point to 1,615.5, August 2024 inched up half-a-point to 1,617.5, September 2024 rose 1.5 points to 1,601.5, and December 2024 increased 3.0 points to 1,610.0. Turnover amounted to 3,154 lots while open interest stood at 56,414 contracts. At 10.07 am, the FBM KLCI inched up 0.55 of-a-point to 1,612.49 from yesterday’s close of 1,611.94. Source: BERNAMA News Agency

KUALA LUMPUR,, Bursa Malaysia opened higher today after the mixed overnight performance on Wall Street. United States (US) stocks were mixed despite the growing positive sentiment on expectation that the next US Federal Reserve (Fed) rate cut would only be in September, as investors reduced their exposure on technology stocks ahead of major earnings reports this week. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.77 points to 1,615.71 from yesterday’s close of 1,611.94. The index opened 1.39 points higher at 1,613.33. On the broader market, losers pipped gainers 178 to 175, with 304 counters unchanged, 1,792