Day: August 7, 2024

KUALA TERENGGANU, The mother of an accident victim intends to donate to charity the pension money that she received from the Social Security Organisation (Perkeso) and to perform the pilgrimage on behalf of her deceased son. Rohana Mamat, 53, said her son Muhammad Haniff Idham Mohd Azmi, 24, was supposed to start a new job on an oil rig on Aug 1. Muhammad Haniff Idham and his friend Nurshabirah Izzani Zulkurnain, 22, passed away at Sultanah Nur Zahirah Hospital due to an accident involving four vehicles on Jalan Kemajuan, here on July 27. Traumatised by the accident that claimed the

PUTRAJAYA, The Federal Court here today commuted the death sentence of a former sawmill worker to 40 years in prison for killing and raping a nurse nine years ago. A three-judge panel led by Justice Datuk Harmindar Singh Dhaliwal allowed Mohammad Awari Ahmad’s application to review his death sentence under the Revision of Sentence of Death and Imprisonment for Natural Life (Temporary Jurisdiction of the Federal Court) Act 2023. The judge also ordered Mohammad Awari, 31, to be given 12 strokes of the cane, and for his prison term to commence from the date of his arrest on March 1,

KUALA LUMPUR, The ringgit continued its downward trend, closing lower against the US dollar today as cautious sentiments over the global economic outlook persisted, an analyst said. At 6 pm, the ringgit declined to 4.4950/5010 versus the greenback from yesterday’s close of 4.4725/4770. Speaking to Bernama, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid attributed the ringgit’s depreciation to risk aversion as the US Dollar Index (DXY) had strengthened. “Traders are favouring safe-haven currencies, particularly the US dollar. “Nevertheless, we are unperturbed by the recent weaknesses as the ringgit appears to have overshot, while dovish signals from

KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivatives closed lower today, despite the stronger performance of the COMEX gold futures. At the close, August 2024 slid to US$2,402.20 per troy ounce from US$2,432.60 per troy ounce at yesterday’s close. Meanwhile, September 2024, October 2024, November 2024, December 2024, and February 2025 all settled lower at US$2,405.90 per troy ounce compared to US$2,436.30 per troy ounce previously. Volume fell to 39 lots from 51 lots on Tuesday, while open interest rose to 60 contracts against 21 contracts previously. The price of physical gold stood at US$2,396.55 per troy ounce,

KUALA LUMPUR, The retail price of diesel in Peninsular Malaysia will be reduced by five sen to RM3.30 per litre from tomorrow until Aug 14. The price of the fuel in Sabah, Sarawak and Labuan, however, remains at RM2.15 per litre during the same week. The Ministry of Finance (MOF) in a statement today said the revision to the retail price of diesel in Peninsular Malaysia to RM3.30 per litre is in line with the current moderating trend in the global crude oil market prices. ‘The Government will continue to monitor market developments and adjust the diesel’s retail price based