logo
Govt to decide soon on cannabis hardware manufacturing

Govt to decide soon on cannabis hardware manufacturing

KUALA LUMPUR: The government is expected to reach a collective decision soon on whether cannabis-related hardware can be manufactured in Malaysia.
This comes after US-based vape company Ispire Technology announced in its quarterly report that it has the capacity to produce such hardware at its Johor factory.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Malaysia's International Reserves Rise to US$119.6 Billion in May 2025
Malaysia's International Reserves Rise to US$119.6 Billion in May 2025

The Sun

time28 minutes ago

  • The Sun

Malaysia's International Reserves Rise to US$119.6 Billion in May 2025

BNM's international reserves increase to US$119.60 billion as at May 30 KUALA LUMPUR: Malaysia's international reserves grew marginally to US$119.60 billion (RM506.63 billion) as at May 30, 2025, from US$119.10 billion (RM504.51 billion) recorded as at May 15, 2025, according to Bank Negara Malaysia (BNM). In a statement today, the central bank said the reserves position is sufficient to finance 5.0 months of imports of goods and services, and is 0.9 times the total short-term external debt. The main components of the reserves were foreign currency reserves (US$106.4 billion), the International Monetary Fund reserve position (US$1.3 billion), special drawing rights (SDRs) (US$5.8 billion), gold (US$3.8 billion) and other reserve assets (US$2.3 billion). Total assets amounted to RM627.92 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM530 billion), Malaysian government papers (RM12.92 billion), deposits with financial institutions (RM4.26 million), loans and advances (RM27.00 billion), land and buildings (RM4.58 billion), and other assets (RM49.16 billion). The central bank said total capital and liabilities amounted to RM627.92 billion, comprising paid-up capital (RM100 million), reserves (RM193.24 billion), currency in circulation (RM172.90 billion), deposits by financial institutions (RM131.81 billion), federal government deposits (RM5.44 billion), other deposits (RM82.37 billion), Bank Negara papers (RM10.56 billion), allocation of SDRs (RM28.38 billion), and other liabilities (RM3.12 billion).

European shares hold steady ahead of US-China trade talks
European shares hold steady ahead of US-China trade talks

New Straits Times

timean hour ago

  • New Straits Times

European shares hold steady ahead of US-China trade talks

LONDON: European shares were subdued on Monday, after rounding off the previous week with gains, as markets waited another round of China-US trade talks later in the day. The pan-European STOXX 600 was flat at 553.72 points by 0708 GMT, after four consecutive sessions of gains. Top officials from the US and China are scheduled to meet in London for talks that investors hope will indicate some progress in de-escalating trade tensions between the world's two biggest economies. The talks follow a phone call between the presidents of the two countries last week, in which they agreed to hold more talks, amid a global trade war that has escalated from tit-for-tat tariffs to export controls. In the market, shares of technology and construction and materials companies led declines, while gains in real estate and industrial miners capped losses. On the data front, an inflation reading out of the US and figures on the UK labour market will be in focus through the week. Among individual stocks, London's Alphawave jumped 22 per cent after US chipmaker Qualcomm agreed to acquire the semiconductor company for about $2.4 billion. Several markets including ones in Switzerland, Denmark and Norway were closed for a holiday.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store