Category: General

KUALA LUMPUR, Gold futures on Bursa Malaysia Derivatives closed mostly higher on Tuesday amidst geopolitical risks in the Middle East and hawkish remarks from Federal Reserve chairman Jerome Powell regarding potential interest rate cuts. At home, the new spot month October 2024 gold futures contract fell to US$2,660.70 per troy ounce from US$2,664.70 on Monday. Meanwhile, the November 2024, December 2024, January 2025 and February 2025 contracts all settled higher at US$2,681.80 per troy ounce, compared with US$2,664.70 on Monday. Trading volume decreased to nine lots from 12 lots, while open interest narrowed to 24 contracts from 45 contracts previously.

KUALA LUMPUR, The Ministry of Investment, Trade and Industry (MITI) will ensure industry access to sustainable markets, while improving resource efficiency, strengthening governance and supporting the country’s net-zero target. Its minister Tengku Datuk Seri Zafrul Abdul Aziz, said the MITI Sustainability Report 2023, launched today, aims to develop a trade and industry sector that incorporates sustainable practices. ‘The purpose of this report is to demonstrate that we not only expect the industry to adopt sustainability measures, but as a government ministry, MITI must also lead by example with its own report. ‘This highlights our focus on sustainability, including environmental, social

KUALA LUMPUR, Neoteric Engineering Sdn Bhd is the grand champion in SME Bank Bhd’s Sandbox Swiss Innovation Challenge (SSSIC) 2024 open category and won RM30,000. The industrial engineering company will represent Malaysia with two of its representatives pitching their award-winning innovation project in Switzerland on Oct 21, 2024. Neoteric Engineering is revolutionising farming and agribusiness with its data-driven precision plantation initiative by integrating advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and satellite data to transform agricultural practices for greater efficiency and sustainability. The first runner-up in the open category was ProFeather while Materials in Works

KUALA LUMPUR, SME Bank Malaysia Berhad (‘SME Bank’) on 27 September 2024 announced the winners of the SME Bank’s Sandbox Swiss Innovation Challenge (‘SSSIC’) 2024, culminating in six winning teams taking home over RM100,000 in cash prizes and one winning innovation project to represent Malaysia at the upcoming Swiss Innovation Challenge 2024 International Pitch in Switzerland on 21 October 2024. Neoteric Engineering came in first under the Open Category, receiving RM30,000 and was crowned the grand champion. Two of their representatives will be representing the country to pitch their winning innovation project in Switzerland. Neoteric Engineering is revolutionising farming and

TACLOBAN CITY – House Speaker Ferdinand Martin Romualdez filed on Tuesday his certificate of candidacy (COC) with the support of key officials in Leyte province. Romualdez formalized his re-election bid at the Commission on Elections (Comelec) provincial office before noon, witnessed by Leyte Governor Carlos Jericho Petilla, whose clan had past political rift with the Speaker’s family. He is running under the Lakas-Christian Muslim Democrats Party for a third and last term. “I filed as a candidate for congressman in the first district of Leyte. I am grateful for the support of our governor, vice governor, and mayors,” Romualdez told