
Top officials tee off to boost ties at Hari Koperasi Negara
The tournament, organised by Co-opbank Pertama (CBP) in collaboration with the Malaysian Cooperative Commission, aimed at strengthening strategic partnerships within the cooperative sector.
Among those present at the event, held at Orna Golf & Country Club, were the secretaries-general from the Entrepreneur Development and Cooperatives Ministry, Datuk Seri Khairul Dzaimee Daud; Plantation and Commodities Ministry, Yusran Shah Mohd Yusof; and Housing and Local Government Ministry, Datuk M. Noor Azman Taib.
Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick also attended the closing ceremony.
"Golf competitions will continue to be a platform to build closer relationships between CBP, industry players, and the cooperative community, thus strengthening the position of the country's cooperative sector," said CBP Chief Operating Officer Syaiful Arief Syah Mohamed Said in a statement yesterday.
He said CBP is committed to using such programmes to enhance collaboration and reinforce the cooperative movement's role at the national level.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
5 days ago
- The Sun
White House to clarify tariffs for gold bars as industry stops flying bullion to US
LONDON: The White House plans to clarify what its official called misinformation about import tariffs for gold bars amid uncertainty, which saw some industry players pausing deliveries of bullion to the United States. According to a ruling on the U.S. Customs and Border Protection (CBP) service's website on Friday, Washington may place the most widely traded gold bullion bars in the United States under country-specific import tariffs, a move that would roil the metal's global supply chains. The White House intends to issue an executive order in the near future 'clarifying misinformation' about tariffs on gold bars and other specialty products, the White House official told Reuters on Friday. U.S. gold futures pared gains after the White House comment. They were last up 0.1% at $3,457 per ounce, reducing a premium over spot gold, the global benchmark, which was steady at $3,398. The CBP ruling refers to cast gold bars from Switzerland, the world's biggest bullion refining and transit hub, which is now subject to U.S. import tariffs of 39%. The CBP said that the correct HS customs code to use when supplying 1 kg bullion bars and 100 troy ounce bullion bars, the most traded sizes in the U.S. futures market, to the U.S. would be 7108.13.5500 and not 7108.12.10. However, Washington included only the latter code in the list of products excluded from country-specific import tariffs in April, with 7108.13.5500 not on the list. The Swiss Association of Precious Metals Manufacturers and Traders (ASFCMP) said in a statement that the clarification applied to any country delivering these bars to the U.S. 'The United States is a longstanding market for us, so this is a blow for the industry and for Switzerland,' Christoph Wild, president of the ASFCMP, told Reuters. 'With a tariff of 39%, exports of gold bars will be definitely stopped to the U.S,' Wild said. While Switzerland is the refining and transit hub, Britain is home to the world's largest over-the-counter gold trading hub, and South Africa and Canada are among major gold miners. 'Likely imposing 39% tariffs on Swiss kilobars is akin to pouring sand into an otherwise well-functioning engine. I say 'likely'...the possibility remains that this is an error,' said independent analyst Ross Norman. A major gold refinery in Switzerland stopped deliveries to the U.S. after seeing the CBP ruling, a top manager at the refinery told Reuters, while a gold logistics specialist said some other industry players outside Switzerland did the same. The White House's upcoming executive order 'should hopefully clear things up,' said the logistics source. Protecting the U.S. gold futures during this uncertainty are high stocks of gold in Comex-owned warehouses , after massive inflows over December-March as traders hedged against the possibility of broad U.S. tariffs hitting bullion imports. 'The COMEX inventories currently amount to 86% of open interest - against a more normal 40-45% - so there is no liquidity issue at present,' said StoneX analyst Rhona O'Connell. - Reuters


The Sun
5 days ago
- The Sun
White House to clarify tariffs for gold bars
LONDON: The White House plans to clarify what its official called misinformation about import tariffs for gold bars amid uncertainty, which saw some industry players pausing deliveries of bullion to the United States. According to a ruling on the U.S. Customs and Border Protection (CBP) service's website on Friday, Washington may place the most widely traded gold bullion bars in the United States under country-specific import tariffs, a move that would roil the metal's global supply chains. The White House intends to issue an executive order in the near future 'clarifying misinformation' about tariffs on gold bars and other specialty products, the White House official told Reuters on Friday. U.S. gold futures pared gains after the White House comment. They were last up 0.1% at $3,457 per ounce, reducing a premium over spot gold, the global benchmark, which was steady at $3,398. The CBP ruling refers to cast gold bars from Switzerland, the world's biggest bullion refining and transit hub, which is now subject to U.S. import tariffs of 39%. The CBP said that the correct HS customs code to use when supplying 1 kg bullion bars and 100 troy ounce bullion bars, the most traded sizes in the U.S. futures market, to the U.S. would be 7108.13.5500 and not 7108.12.10. However, Washington included only the latter code in the list of products excluded from country-specific import tariffs in April, with 7108.13.5500 not on the list. The Swiss Association of Precious Metals Manufacturers and Traders (ASFCMP) said in a statement that the clarification applied to any country delivering these bars to the U.S. 'The United States is a longstanding market for us, so this is a blow for the industry and for Switzerland,' Christoph Wild, president of the ASFCMP, told Reuters. 'With a tariff of 39%, exports of gold bars will be definitely stopped to the U.S,' Wild said. While Switzerland is the refining and transit hub, Britain is home to the world's largest over-the-counter gold trading hub, and South Africa and Canada are among major gold miners. 'Likely imposing 39% tariffs on Swiss kilobars is akin to pouring sand into an otherwise well-functioning engine. I say 'likely'...the possibility remains that this is an error,' said independent analyst Ross Norman. A major gold refinery in Switzerland stopped deliveries to the U.S. after seeing the CBP ruling, a top manager at the refinery told Reuters, while a gold logistics specialist said some other industry players outside Switzerland did the same. The White House's upcoming executive order 'should hopefully clear things up,' said the logistics source. Protecting the U.S. gold futures during this uncertainty are high stocks of gold in Comex-owned warehouses , after massive inflows over December-March as traders hedged against the possibility of broad U.S. tariffs hitting bullion imports. 'The COMEX inventories currently amount to 86% of open interest - against a more normal 40-45% - so there is no liquidity issue at present,' said StoneX analyst Rhona O'Connell. - Reuters


Borneo Post
5 days ago
- Borneo Post
UTS enhances student safety with two new shuttle mini buses
(From fourth left) Dr Annuar, Khairuddin, Goh, Jimmy and others pose with the new mini bus. – Photo by Peter Boon SIBU (Aug 9): University of Technology Sarawak (UTS) remains committed to ensuring students' safety, as demonstrated by the introduction of two Co-star mini buses, each with 28 seats, for shuttle services. State Deputy Minister of Education, Innovation and Talent Development, Datuk Dr Annuar Rapaee said the vehicles were acquired by the state government to accommodate the university's growing student population of about 4,000. 'As you are all well aware, safety issues affecting students have been widely reported. Relying on Grab daily can also place financial strain on them. 'Many of our students live in residential areas near the campus. While we already have a large bus for student transportation, some roads in these neighbourhoods are too narrow for it to navigate. 'Therefore, the delivery of the two 28-seater Co-star mini buses is timely in ensuring students arrive at UTS promptly and safely for their lectures,' said Dr Annuar, who is also UTS chairman. He expressed hope that the university would arrange frequent shuttle services at scheduled times, allowing students to plan their travel conveniently. He was speaking after witnessing the symbolic handover of the two mini buses to UTS from Huong Seng Motor Trading Sdn Bhd at Jalan Ding Lik Kong here yesterday. He reiterated the state's assurance of providing a safe and conducive study environment for UTS students. 'We want to highlight that UTS is not only offering quality education but also prioritising student safety,' stressed the Nangka assemblyman. He also assured parents that UTS offers adequate facilities and strong academic support, noting that this initiative is part of the university's strategy to enhance its range of facilities and attract more students. Over the next few years, he said he would work closely with the university's management to prioritise infrastructure improvements, particularly the construction of a new hostel and the upgrading of food services through a better cafeteria. 'These aspects are crucial as we aim to prevent students from being burdened by accommodation or meals issues, which could hinder their studies,' he added. Meanwhile, Huong Seng Motor Trading Sdn Bhd managing director Kapitan Goh Kee Seng thanked UTS for its support and trust, adding that the delivery of the Co-star mini buses was the company's way of contributing to education.' Also present were UTS vice-chancellor Prof Datuk Dr Khairuddin Abd Hamid and registrar Jimmy De Rozario. Dr Annuar Rapaee lead mini buses UTS