Day: August 6, 2024

KUALA LUMPUR, Malaysia has expressed its hope for a successful outcome to the ongoing peace negotiations aimed at establishing a ceasefire in Sudan, with the goal of restoring the country to its full potential. This was conveyed by Prime Minister Datuk Seri Anwar Ibrahim during a courtesy visit from Sudan’s Acting Foreign Minister Hussein Awad Ali Mohamed, who is in Malaysia to attend the conference ‘Sudan: The Forgotten War.’ ‘Our discussion centred on the conflict in Sudan, focusing on the progress of negotiations for a ceasefire and sustainable stability, as well as the alarming humanitarian crisis affecting the Sudanese people.

KUALA LUMPUR, A total of RM2.6 billion in loans needs to be recovered by the National Entrepreneurial Group Economic Fund (TEKUN Nasional) for the period from 2008 to this year. Deputy Minister of Entrepreneur Development and Cooperatives Datuk R. Ramanan said this amount comprises the collective sum of loans due for repayment as well as new loans involving more than 100,000 borrowers over that period. ‘They (the borrowers) are making the repayments. Now, when we advise them and make calls to speak with them, payments are made. However, (some of the allocated) funds are stuck. ‘Therefore, if the RM2.6 billion

KUALA LUMPUR, Prime Minister Datuk Seri Anwar Ibrahim has expressed concern over the high accident rate among motorcyclists, which is linked to weaknesses in traffic law enforcement and issues related to road maintenance. Through a Facebook post, he said the same concern was expressed by the Alliance for A Safe Community chairman, Tan Sri Lee Lam Thye, who paid him a courtesy visit today. ‘Among the critical points of our meeting were road and workplace safety issues. ‘I hope NGOs will continue to serve the community in building a sustainable safety culture, while also playing a role in conveying the

PUTRAJAYA, Prime Minister Datuk Seri Anwar Ibrahim has accepted an apology from Meta Platforms Inc (Meta) for removing his recent posts related to the Palestinian issue, particularly on the assassination of Hamas leader Ismail Haniyeh, from Facebook and Instagram. Communications Minister Fahmi Fadzil, who is also Unity Government’s spokesman, said it was also hoped that such removal of a prime minister’s social media posts by Meta, would not recur. ‘He (Anwar) told me that his friends, including those in the Middle East, have read the news (about the posts removal), meaning that it has gone global. Yes, PM has accepted

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