Latest news with #114
The Star
6 days ago
- The Star
Police cripple two drug syndicates, seize drugs worth RM7.121mil in Gombak
KUALA LUMPUR: Police have crippled two drug syndicates in separate raids in Gombak, following the arrest of a local man and woman, as well as a foreign man, with drug seizures amounting to RM7,121,015.20, recently. Gombak OCPD Asst Comm Noor Ariffin Mohamad Nasir said the Narcotics Crime Investigation Division of the Gombak district police headquarters (IPD) seized 212 plastic packets, believed to contain syabu (methamphetamine), weighing 222.331kg, from a sedan which had been left at a storage facility, at 9.30pm on May 14. He said that further investigation led to the arrest of a 25-year-old local man, who works as a used car salesman. The man has been remanded for 12 days, until Friday (May 30). "The drugs seized in the first case are valued at RM7,114,592, and are believed to have been intended for distribution in the Klang Valley. "Action was also taken under the Dangerous Drugs (Forfeiture of Property) Act 1988, with the seizure of a gold chain, worth RM11,348.86," he said, in a press conference at the Gombak IPD on Thursday (May 29). In the second case, Noor Ariffin said that police arrested a 34-year-old foreign man, believed to be a private college student, and a 47-year-old local woman, believed to be working as an insurance executive for a private company, in a car at around 6am last Tuesday (May 27). He added that the two suspects, believed to be a couple, have been remanded for seven days, until June 3. "A search of the vehicle uncovered two packets containing compressed dried leaves, believed to be cannabis, weighing 2.072kg, which is estimated to be worth RM6,423.20. "The drug seized in this case is believed to have been intended for distribution in the Gombak area. Also seized was RM500 in cash," he said. He said all three suspects have no prior criminal record, and they also tested negative for drugs. The case is being investigated under Section 39B of the Dangerous Drugs Act 1952. – Bernama
Yahoo
22-05-2025
- Politics
- Yahoo
Social care focus as Lib Dems control council
A council has been formally handed over to the Liberal Democrats after 16 years of Conservative control. Shropshire Council held its first full council meeting on Thursday at the Guildhall in Shrewsbury and the Lib Dems took charge as they have 42 councillors following victory in the local elections. The Conservative group, which was previously in control ever since the council became a unitary authority in 2009, now only has seven councillors. Two-thirds of the councillors elected are new to their roles, including the 15 representing Reform UK which is the main opposition group. Heather Kidd is the council's new leader, with Alex Wagner as deputy. "We've got to have the enthusiasm and the innovation to use our offices to find ways through," Ms Kidd said. She added that the council must "not be afraid to shout at government when we need help." "That is not a [Section] 114 notice - the help we need is around funding social care." Such notices are admissions by councils that they can no longer balance the books, for example in Birmingham. Shropshire Council was given extra support earlier this year after the previous administration declared itself "unbelievably close" to bankruptcy. For the council, social care funding takes nearly four in every five pounds which the local authority spends. The care includes things like fostering children, residential care placements, homelessness and special educational needs. "It really is the big issue for the Labour government," Ms Kidd said. Duncan Borrowman, who won the Llanymynech seat, was elected chairman of the council in Thursday's meeting. He is known for being the landlord of the Bailey Head in Oswestry, which was named the Campaign for Real Ale's (Camra)'s UK pub of the year in January. "I moved to Shropshire just under 10 years ago and had given up this local government lark and now all of a sudden I find myself chairing Shropshire Council," he said. Mr Borrowman added that, as chairman, he had to be "fairly neutral" and "ensure all voices are heard". "I'm very keen that the council operates as a centre for a debating forum about the policies and not like some sort of reality TV show where people are trying to score points off each other," he added. Meanwhile, a coalition of climate and nature and anti-racism groups welcomed the councillors to their first meeting. The groups called for the new administration to use its power to tackle the climate crisis and build a more sustainable future. Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram. Council looks for way out of relief road scheme Five takeaways from Shropshire Council elections Lib Dems choose leadership team for authority Shropshire Council
Express Tribune
03-05-2025
- Business
- Express Tribune
Pakistan's FX improves by $9m, rupee, gold dip
Listen to article Pakistan's foreign exchange reserves improved, as the State Bank of Pakistan (SBP) reported a modest increase of $9 million during the week ended April 25, 2025, pushing its holdings to $10.21 billion. The country's total liquid foreign reserves now stand at $15.25 billion, reflecting a steady position in external financial buffers. Meanwhile, the Pakistani rupee experienced a slight decline against the US dollar, depreciating by 0.03% in Friday's interbank market trading. By the end of the session, the local currency stood at 281.06 per US dollar. On Wednesday, the rupee had closed at 280.97. The currency market was closed on Thursday due to the Labour Day holiday. Globally, the US dollar was on track for its third consecutive weekly gain, supported by positive developments in talks between Washington and some of its trading partners, as well as stronger-than-expected economic data that helped ease concerns about investment in the US economy. Moreover, gold prices in Pakistan fell on Friday, mirroring a drop in the international market. Domestically, the price of gold per tola decreased by Rs1,300, settling at Rs344,500. Likewise, the price for 10 grams of gold dropped by Rs1,114 to Rs295,353, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Express Tribune
02-05-2025
- Business
- Express Tribune
Gold prices recede further in local and international markets
Listen to article The downward trend in gold prices continued on Friday in both international and domestic markets, driven by technical corrections and profit-taking by investors. In the international bullion market, the price of gold fell by another $13 per ounce, bringing it down to $3,263. Analysts attribute the decline to ongoing market corrections and short-term profit booking by traders after recent highs. Similarly, local gold prices in Pakistan also saw a notable decrease. The price of 24-karat gold fell by Rs1,300 per tola, settling at Rs344,500. The price for 10 grams of 24-karat gold dropped by Rs1,114, bringing it down to Rs295,353. In contrast, silver prices remained stable. The per tola rate for silver stood unchanged at Rs3,427, while the price for 10 grams of silver remained steady at Rs2,938. Market watchers suggest that gold prices may continue to show volatility in the short term due to global economic uncertainty and changing investor sentiment. Significant price swing Despite the recent decline, gold has witnessed a dramatic six-month rally characterized by sharp price swings and mounting geopolitical uncertainty, ultimately reaching record highs. According to Adnan Agar, Director of Interactive Commodities, gold opened around $2,750 in November, briefly dropped to $2,500, and then surged to an all-time high of approximately $3,500, a long-anticipated milestone. In Pakistan, bullion prices followed a similar trajectory, climbing from Rs295,000 to Rs350,000 per tola before easing slightly to around Rs346,000. The local gold market remains heavily influenced by international price movements. This nearly $1,000 fluctuation underscores both investor anxiety and strategic buying in response to global instability. A major catalyst has been gold's reputation as a safe-haven asset, drawing increased demand during times of crisis. Rising tensions across multiple regions, including the Russia-Ukraine war, the Israel-Hamas conflict, and renewed hostilities involving the US and Iran, have pushed risk-averse investors toward gold. Notably, between January and April 2024, the metal posted especially strong gains, rising by an estimated $600 to $700. Political uncertainty in the United States, spurred by Donald Trump's presidential resurgence and aggressive tariff rhetoric, further fueled market unease and bolstered gold's appeal.
Business Recorder
02-05-2025
- Business
- Business Recorder
Gold price per tola falls Rs1,300 in Pakistan
Gold prices in Pakistan declined on Friday in line with their decrease in the international market. In the local market, gold price per tola reached Rs344,500 after it shed Rs1,300. Similarly, 10-gram gold was sold at Rs295,353 after it registered a decrease of Rs1,114, as per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, gold price per tola reached Rs345,800 after it shed Rs3,400. The international rate of gold also declined on Friday. As per APGJSA, the rate was at $3,263 per ounce (with a premium of $20), a decrease of $13 during the day. Meanwhile, Silver price per tola remained at Rs3,427 in Pakistan.
