Day: August 6, 2024

KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivatives retreated to close lower today, albeit with better performance of COMEX gold futures. At the close, spot month August 2024 was down to US$2,432.60 per troy ounce from US$2,474.50 per troy ounce at yesterday’s close. Meanwhile, September 2024, October 2024, November 2024, December 2024, and February 2025 settled lower at US$2,436.30 per troy ounce compared to US$2,478.20 per troy ounce previously. Volume improved to 51 lots from 22 lots on Monday, while open interest rose to 21 contracts against nine contracts previously. The price of physical gold stood at US$2,393.85

KUALA LUMPUR, The Muda Dam in Kedah, the Bukit Merah Dam in Perak and the Teluk Bahang Dam in Penang have shown a drop in remaining raw water reserves, at a dangerous level of 7.44 per cent, 16.43 per cent and 28.20 per cent, respectively, as of yesterday. In a brief report on the hot weather status, the National Disaster Management Agency (Nadma) today said five other dams had their water reserves at a warning level of less than 59.99 per cent. Quoting the National Water Services Commission (SPAN), the agency said the five dams were Air Hitam Dam in

KUANTAN, The Pahang branch of the Royal Malaysian Customs Department (JKDM) thwarted an attempt to distribute smuggled cigarettes when it seized 1.2 million sticks of cigarettes of various types and brands worth RM942,480, including duties and taxes, last month. Its director, Mohd Asri Seman said the seizure was made after the Pahang JKDM enforcement division inspected a lorry left by the roadside at Taman Sri Mahkota here at about 2 pm on July 6. He said they are trying to trace the lorry owner and the syndicate’s network involved in the cigarette distribution. ‘The syndicate’s modus operandi is to use

KUALA LUMPUR, KPJ Healthcare Berhad has unveiled its new brand identity, intensifying its push for patient-centricity as the foundation for an exponential growth and competitive edge in the dynamically evolving healthcare landscape. KPJ Healthcare Berhad chairman Tan Sri Dr Ismail Bakar said the company have successfully evolved into Malaysia’s largest hospital network, operating 29 hospitals currently with its 30th hospital in Kuala Selangor slated for opening early next year. ‘At the core of this rebranding initiative is our stronger emphasis on patient-centricity by concentrating on providing the best service to our patients, fostering a high-performance culture for our staff, creating

KUALA LUMPUR, The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to end on a low note on Tuesday due to weakness in the Chicago soybean oil market, said palm oil trader David Ng. Ng also said that concerns over rising production are taking a toll on prices. “We see support at RM3,650 and resistance at RM3,890,” he told Bernama. Meanwhile, Mumbai-based Sunvin Group’s commodity research head, Anilkumar Bagani attributed the market’s performance to the sharp selloff in soybean oil on the Chicago Board of Trade, Euronext rapeseed futures overnight, and Chinese vegetable oil futures during Asian