Day: August 6, 2024

PUTRAJAYA, Communications Minister Fahmi Fadzil today called on media organisations to make optimal use of artificial intelligence (AI) technology in their news production. He said, at present, many news content produced using Generative AI could be published in an audio-visual format. ‘But what I would like us to explore is perhaps the use of Generative AI to help, for example, the Malaysian Government Call Centre (MyGCC) in analysing data which usually requires a lot of work by any one person to focus on. ‘AI may be able to simplify, summarise, collect and categorise the data and would be a big

KANGAR, The Perlis State Legislative Assembly was told today that the state unemployment rate in the first quarter of 2024 is at 2.0 per cent or a total of 2,400 people based on statistics from the Department of Statistics Malaysia (DOSM). State Housing, Local Government, Human Resources Development, and Poverty Eradication Committee chairman Asrul Aimran Abd Jalil said it was the same number of Perlis job seekers registered on the Social Security Organisation’s (Perkeso) MYFutureJobs Portal from January to July 5. In that regard, he said Perkeso and the state government are trying to stimulate the labour market in Perlis

KUALA LUMPUR, Kuala Lumpur’s population is estimated to exceed 8.8 million, with an annual increase of 2.25 per cent compared to last year, said Minister in the Prime Minister’s Department (Federal Territory) Dr Zaliha Mustafa. She said the population is expected to hit 9.8 million by 2030 and the rapid development requires the Kuala Lumpur City Hall (DBKL) to be more proactive in planning and providing infrastructure. ‘This population growth not only involves natural increase in city areas, but also migration to the city from rural areas,’ she said. ‘This puts pressure on the existing infrastructure and demands that we

KUALA LUMPUR, The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended higher today, tracking the underlying cash market. Spot month August 2024 gained 35.5 points to 1,565.5, September 2024 bagged 34.5 points to 1,547.5, and both December 2024 and March 2025 rose 32.5 points to 1,552.5 and 1,542.5, respectively. Turnover firmed to 23,306 lots from 19,125 on Monday, while open interest widened to 68,127 contracts from 63,439 previously. At 5 pm, the FBM KLCI soared 37.91 points or 2.46 per cent to its intraday high of 1,574.39 compared with Monday’s close of 1,536.48. Source: BERNAMA

KUALA LUMPUR, The ringgit retreated from its winning streak to close lower against the greenback today as the US Dollar Index (DXY) rebounds. At 6 pm, the ringgit declined to 4.4725/4770 versus the greenback from yesterday’s close of 4.4240/4305. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid opined that global financial markets have yet to calm as fears over the potential recession would continue to hog the limelight. “There might be a tendency for US dollar demand to rise as traders seek refuge in the safe-haven currency. “At the moment, the ringgit will move closer to the