
Four roads in George Town declared no-waiting zones to ease traffic congestion
GEORGE TOWN, May 31 — Five main streets around George Town will be declared no-waiting zones from June 1 to reduce traffic congestion caused by vehicles stopping and waiting on the side of the road.
The Penang City Council (MBPP) announced in a Facebook post yesterday that the measure was taken following the reduced capacity of traffic lanes due to stopped vehicles, thus causing traffic flow to be slow and congested.
'In this regard, MBPP has implemented a no-stop zone on part of Jalan Jelutong from Jalan Ahmad Nor to Jalan Bukit Dumbar and part of Burma Road from Cantonment Road to Jones Road.
'Other roads involved are part of Macalister Road from Anson Road to Penang Road, part of Pengkalan Weld from Gat Lebuh Melayu to Gat Lebuh Chulia and part of Jalan Masjid Kapitan Keling from Lebuh Bishop to Lebuh Chulia,' according to MBPP.
According to MBPP, no-stop signs have been installed and double yellow lines have also been painted on all affected routes to warn road users of the ban.
MBPP will also take enforcement action against vehicle owners found waiting or parking on the side of the road in the no-stop zone, to ensure traffic flow is smooth and prevent bottlenecks.
'Owners or tenants of shops are reminded not to park vehicles on the side of the road and they are asked to inform customers not to wait or park vehicles on the side of the road,' according to MBPP. — Bernama
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June 2025 Market Outlook: Essential Economic and Geopolitical Events for Traders by Octa Broker
central bank rate decisions inflation and employment reports Gross Domestic Product (GDP) estimates and growth outlooks high-level summits with potential for market-moving headlines. June 4: Bank of Canada (BoC) interest rate decision June 5: European Central Bank (ECB) rate decision June 6: U.S. Non-Farm Payrolls June 11: U.S. Consumer Price Index (CPI) June 15–17: Group-7 (G7) Summit June 17: Bank of Japan (BoJ) rate decision June 18: Federal Reserve (Fed) rate decision—includes Economic Projections and the Dot Plot June 19: Swiss National Bank (SNB) rate decision June 19: Bank of England (BoE) rate decision June 20: People's Bank of China (PBoC) rate decision June 24–25: North Atlantic Treaty Organisation (NATO) Summit June 26–27: European Council Summit June 27: U.S. Personal Consumption Expenditure (PCE) Price Index June 30: German CPI r t KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 2 June 2025 - June 2025 is shaping up to be one of the most eventful months of the year for global markets. For traders, this means opportunity—but also volatility. The economic calendar is packed with macroeconomic data releases and central bank meetings, while geopolitical risks remain close to the the usual inflation prints and interest rate decisions, markets will also have to digest key developments around global diplomacy: the NATO and G7 summits, peace negotiations in Eastern Europe, U.S. trade talks with China and the European Union, as well as debates around nuclear policy in the Middle East. Add to this the lingering fiscal tensions in Washington , and it's clear that June won't be business as usual. Octa Broker explains why the economic calendar is worth monitoring and what events to watch out for in June traders, the economic calendar is more than a schedule—it's a risk map. It flags:These events affect not just macro sentiment but also short-term liquidity and intraday volatility. And when several collide—as they will in June—market reactions tend to be sharper, faster, and harder to fade. Anticipating such events in advance allows traders to capitalise on potential opportunities and adjust risk management—some even avoid trading during are some major events to follow in June:June is shaping up to be an eventful month for currencies and rate-sensitive assets, with seven major central bank meetings scheduled—the BoC, BoE, BoJ, ECB, Fed, SNB, and PBoC. Traders can anticipate heightened volatility not only in the major USD-based pairs but also in equity indices, individual stocks, and commodities. June's Federal Reserve meeting is particularly important, accompanied by updated Economic Projections and the Dot Plot—forward-looking instruments via which markets infer future rate trajectories. Surprises can unleash dramatic repricing in Treasury yields, gold, and risk paths remain divergent. In the U.S., core CPI slowed to 2.3% YoY , potentially softening the Fed's stance. Meanwhile, ECB officials appear divided: Klaas Knot said inflation risks remain uncertain, while Pierre Wunsch hinted that rates could fall below 2%. This split supports tactical positioning in EUR/USD and EUR/GBP, particularly around central bank summits aren't ceremonial. The G7 Summit will cover trade security and energy cooperation, while the NATO meeting will focus on defence spending and alliance posture. Any hawkish statements or surprises around Ukraine, China, or the Middle East could move commodity markets—particularly, oil and gold—and affect defence-sector Treasury yields, recently breaching 5.0% on 20-year note, are fueling concern over U.S. fiscal policy. As Moody's warned , the sustainability of U.S. debt is becoming a market risk. Traders should watch for safe-haven rotation into gold, Bitcoin, Swiss franc (CHF), and the Japanese yen (JPY). Japan, however, is facing debt troubles of its own, as yields on 30-year bonds recently climbed to multi-decade highs, prompting calls to BoJ to either increase bond buying or halt its plans to gradually reduce such purchases. Either way, traders should keep a close eye on both the U.S. and the Japanese bond May U.S.-China joint statement hinted at easing tensions—but markets remain are still several critical obstacles to a comprehensive trade agreement between the parties. For example, on May 12th, China's Ministry of Commerce strengthened control over strategic mineral exports, on which the U.S. is highly dependent. Other critical sticking points include technology transfer issues and Artificial Intelligence (AI), as China's growing semiconductor self-sufficiency efforts are not particularly favoured in Washington. Furthermore, there is still uncertainty as to whether any meaningful progress in trade talks between the U.S. and EU can be achieved in June. Although the parties agreed to fast-track the negotiations , some business leaders are won't be a month for passive positioning. With central banks sending mixed signals, inflation data diverging, and global diplomacy back on the front pages, traders will have to juggle more than just is the kind of environment where preparation matters more than prediction. Knowing when the Fed drops its Dot Plot is as important as watching where oil prices go after a NATO statement. With overlapping narratives and rising volatility, it's not about calling the top or bottom—it's about managing risk around known catalysts and staying nimble when the unknowns #octa The issuer is solely responsible for the content of this announcement. Octa Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities. In Southeast Asia, Octa received the 'Best Trading Platform Malaysia 2024' and the 'Most Reliable Broker Asia 2023' awards from Brands and Business Magazine and International Global Forex Awards, respectively.