Day: September 9, 2024

Manila: The Manila City Council has approved a resolution declaring Aug. 8 of every year as Mayor Alfredo S. Lim Day. In a statement Monday, Second District Councilor Numero Lim, principal author of the measure, said the council passed the resolution during its session on Aug. 15. The measure cited how the former mayor, senator and police officer rose from humble beginnings to become one of the Philippines’ most respected public servants. It was supported by all councilors belonging to the majority, which includes Lim’s grandson, 1st District Councilor Nino dela Cruz. “His administration was characterized by a relentless campaign

KUALA LUMPUR, The ringgit was easier against the US dollar in early trade today ahead of the United States (US) inflation data this week, said an analyst. At 8.07 am, the local note depreciated to 4.3400/3565 versus the greenback from Friday’s close of 4.3275/3330. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the market would focus on key data points such as the US Consumer Price Index (CPI) and Producer Price Index (PPI) to assess the inflation, as well as Japan’s second quarter 2024 gross domestic product (GDP) and China’s CPI, trade and new loans. ‘There

PUTRAJAYA, The Department of Agriculture (DOA) advises all parties involved in supply and service matters to use the e-Perolehan and iGFMAS systems for every supply and service application. DOA said the parties involved, especially supplier companies, are encouraged to contact them first before providing any supply and service requested by certain parties to avoid recurring fraud cases. This follows complaints received regarding cases of fraudulent government orders by certain parties using the DOA logo to deceive companies into providing supplies and services. “The cunning tactics of these parties have resulted in supplier companies being deceived and suffering losses, as no

KUALA LUMPUR, FTSE Bursa Malaysia KLCI (FBM KLCI) futures were easier in early Monday trade on Bursa Malaysia Derivatives. At 9.30 am, September 2024 futures eased 5.0 point to 1,630.5, October 2024 lost 4.5 points to 1,635.0, December 2024 shed 3.5 points to 1,639.0 and March 2025 depreciated 4.0 points to 1,626.50. Turnover was 1,668 lots, with open interest totalling 48,040 contracts. The FBM KLCI eased 7.19 points to 1,645.93 after 51 minutes of trading. Source: BERNAMA News Agency

KUALA LUMPUR, Bearish sentiment in the global stock markets pressured Bursa Malaysia to open easier on Monday, and the market is expected to trade in cautious mode throughout the day, a dealer said. At 9.16 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) erased 8.57 points to 1,644.55 from last Friday’s close of 1,653.12. The benchmark index opened 5.92 points weaker at 1,647.20. Across the broader market, losers thumped gainers 487 to 90, with 256 counters unchanged, 2,454 untraded and 16 suspended. Turnover totalled 471.43 million units valued at RM519.71 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak