Category: General

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,

KOTA BHARU, The Ministry of Domestic Trade and Cost of Living (KPDN) Kelantan branch arrested two men suspected of petrol smuggling using a modified vehicle in Kampung Talak, Tumpat, yesterday. Its director Azman Ismail said the two suspects, aged 50 and 70, were caught at 9.40 am during an operation aimed at preventing the leakage of controlled goods. This operation was conducted in collaboration with the Pengkalan Kubor Region 3 Marine Police Force. He said based on intelligence, a Nissan Grand Livina car with a local registration number from the direction of Kota Bharu was stopped in the village. “The

JOHOR BAHRU, The suspect who was detained in connection with kidnapping six-year-old Albertine Leo Jia Hui, which occurred at Eco Galleria, Iskandar Puteri on July 20, is set to be charged at the Johor Bahru Court Complex and Kulai Magistrates’ Court tomorrow. Johor police chief M. Kumar said that the 31-year-old man will face 15 charges after two investigation papers were referred to the Deputy Public Prosecutor’s office and instructions for charges were given. “The suspect will be charged with one count each under Section 363 and Section 346 of the Penal Code, seven counts under Section 292 of the

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

SEPANG, A Pakistani man, the father of a 12-year-old boy who drove a car without a driving licence, is facing fines of up to RM50,000 on charges of neglecting and failing to supervise his son’s activities that could result in physical harm. Muhammad Saleem Fazal Khuda, 53, a Malaysian permanent resident, plead not guilty to the charge read in front of Judge Ahmad Fuad Othman at the Sessions Court here today. He is charged with committing the offence at Taman Putra Impiana, Puchong, at 7.30 pm, July 28 under Section 31(1)(a) of the Child Act 2001, which also stipulates 20