Latest news with #586
Business Recorder
6 days ago
- Business
- Business Recorder
Gold prices: no change
KARACHI: Local gold and silver prices remained unchanged on Wednesday, mirroring stability in the international bullion markets, traders said. According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices in the domestic market held firm at Rs354,100 per tola and Rs303,583 per 10 grams. International gold prices also showed no movement, staying steady at $3,357 per ounce. Similarly, silver prices in the local market recorded no change, with rates standing at Rs3,586 per tola and Rs3,074 per 10 grams. However, on the global front silver remained flat at over $34 per ounce. Copyright Business Recorder, 2025
The Star
17-05-2025
- Business
- The Star
Ensuring agility of economy
Show of respect: Ramli (second from left) inspecting the guard of honour mounted by the Federal Reserve Unit of the police during the opening of the state assembly sitting. — CHAN BOON KAI/The Star GEORGE TOWN: Newly-appointed Penang Yang di-Pertua Negeri Tun Ramli Ngah Talib welcomes the state's various initiatives for sustainable and future economic progress. One such initiative is Penang Silicon Design @5km, a strategic move to bolster the integrated circuit (IC) design sector and accelerate the growth of the state's semiconductor ecosystem. Other key projects include Penang IC Design and Digital Park, Penang Chip Design Academy and Silicon Research and Incubation Space, aimed at creating high-value jobs and attracting investments from leading global technology companies. Ramli said the state's gross domestic product (GDP) of RM116bil was driven by two major sectors – services and manufacturing. 'The dependence on these high-impact sectors makes the state's economy more agile in facing external challenges and global uncertainties. 'Penang is proud to remain among the top-six major contributors to the 73% share of the national GDP. 'The state also recorded the highest GDP per capita at RM72,586. 'In 2023, Penang achieved 3.3% economic growth. 'On international trade, Penang recorded a trade volume of RM788.1bil in 2024, an increase of 11.6% compared with RM696.7bil in 2023,' he said before opening the state legislative assembly sitting yesterday. As the new head of state, Ramli expressed his appreciation for the state's commitment to strengthening Islam. He said Penang had invested RM6mil in the construction of two mosques – Masjid Papan Kampung Pertama and Masjid Bandar Cassia. 'Several other mosque projects are also in progress, including Masjid Sungai Kechil, Masjid Bandar Putra Bertam, Masjid Taman Sungai Dua Utama and Masjid Mengkuang Titi,' he said. Another notable development, Ramli said, is the KITAB Smart City Campus in Bandar Cassia, Batu Kawan. The project to be built on 7ha wakaf land will feature a mosque and Islamic centre, commercial hub, student dormitories and administrative and academic facilities of the Penang International College of Technology. Ramli also thanked the Federal Government for its continued support of major infrastructure projects that enhance connectivity and improve mobility for the people of Penang. He said two new Bills, namely Penang Water Supply Authority Bill 2025 and Penang Water Supply Bill 2025 will be tabled during the state assembly proceedings.
![MARKET PULSE AM MAY 16, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
16-05-2025
- Business
- New Straits Times
MARKET PULSE AM MAY 16, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia opened on a positive note Friday, as investors looked ahead to the release of Malaysia's first-quarter GDP data later in the day. The index is anticipated to trade within the 1,570 to 1,580 range throughout the day. In early trading, Fibromat was among the most actively traded stocks, rising by about six per cent to 54 sen. The gain followed news that its subsidiary secured a contract worth RM283 million for erosion control works in Kelantan. In the cryptocurrency market, Bitcoin is trading around RM444,586 level, while Ethereum is at approximately RM10,930. That's it for Market Pulse.
Yahoo
06-05-2025
- Health
- Yahoo
‘Doctors have families too': Private GPs rally in black against mandatory drug price display, say subjected to overlapping laws
PUTRAJAYA, May 6 — About 200 of private medical practitioners gathered outside the Prime Minister's Office this morning to protest the mandatory drug price display ruling that came into effect on May 1. Clad in black, the attendees held up red, blue, and black placards with messages such as 'Doctors have families too,' 'GPs support fair drug pricing. Reject Act 723,' and 'Unfair fees and policies are driving doctors away.' MMA in a statement last night, said that while doctors support the principle of price transparency, they oppose the use of the Price Control and Anti-Profiteering Act 2011 (Act 723) for enforcing medicine price displays. Instead, they are calling for the Private Healthcare Facilities and Services Act 1998 (Act 586) to be used. What the doctors are opposing: The use of Act 723 — The Price Control and Anti-Profiteering Act 2011 to enforce the display of medicine prices. Overregulation — Being subject to both Act 723 and Act 586, which could result in enforcement overlaps. Application of a non-medical law — Act 723 was designed for retail businesses, not for healthcare settings. Potential disruption — The overlap may cause confusion and disrupt primary healthcare services. What the doctors are calling for: Use of Act 586 instead — The Private Healthcare Facilities and Services Act 1998, which specifically governs the medical profession. Constructive engagement — Meaningful dialogue between the government and stakeholders to resolve the issue. Transparent pricing via proper legislation — Doctors support price transparency but insist it be implemented through Act 586. Clarity in regulation — A consistent legal framework to avoid duplication and ensure effective healthcare delivery. The associations will hand over a memorandum to the Prime Minister's Office after the assembly. The gathering, organised by the MMA, drew participation from 15 medical associations nationwide, including the Academy of Family Physicians of Malaysia (AFPM), the Federation of Private Medical Practitioners Associations Malaysia (FPMPAM), and others. After handing over a memorandum to the Prime Minister's Office, MMA President-Elect Datuk Dr Thirunavukarasu Rajoo told a press conference that professional medical services should not be equated with the sale of goods. 'We are a professional service, meaning we provide a service to a patient. A patient goes through a journey. From registration, to seeing the doctor, receiving advice, undergoing a physical examination, maybe even some investigations, and finally receiving a diagnosis. That's a process. 'If we compare this to a retail shop or a pharmacy, each has its own role. A retail shop sells goods. We provide a professional service,' he said. Dr Thirunavukarasu added that opening a clinic requires nearly a decade of education and training, including A-levels, five to six years of medical school, and four years of clinical practice, making it a highly demanding path that consumes a person's prime years, unlike the low barrier to entry for starting a retail business. 'That's why you simply cannot equate professional services with selling goods. That's the point,' he said. Dr Thirunavukarasu stressed that existing laws already uphold a patient's right to be informed of the costs involved in medical services. 'So that's why we feel disappointed, why was this suddenly done? The medical profession is one of the oldest in the world and has always practiced transparency, as it is built on the doctor-patient relationship. There is already an existing law, the Medical Act 1971, to regulate this relationship,' he added. When asked about the consultation fee issue, Dr Thirunavukarasu said Health Minister Datuk Seri Dzulkefly Ahmad is looking into it. 'We have been communicating with the minister, all we know is that he's actually looking into it. So the details we have no idea,' he said. The organisations initially planned to march 2.3km from the Health Ministry's headquarters to the Prime Minister's Office, but the decision was revised due to the presence of elderly participants and advice from the police. Dr Thirunavukarasu said the assembly today emphasised the importance of primary care, trusting the government will take the right action without pressure or demands from the organisations.
Yahoo
05-04-2025
- Yahoo
Health authority conducts raid after woman caught vaping on Singapore MRT, seizes illegal pods
SINGAPORE, April 5 — A woman caught vaping on an MRT train has had her home searched after being identified by the Health Sciences Authority (HSA).According to Channel News Asia, in a statement issued by the HSA yesterday, the 24-year-old is currently assisting with the ongoing the raid on March 24, one e-vaporiser and three e-vaporiser pods were seized. The pods contained etomidate, an anaesthetic that should only be used under medical supervision, the HSA woman was captured in a video, which was later posted on social media on March 13. In the footage, she was vaping while seated next to other passengers on the train, and at times, she appeared disoriented, swaying her head as she exhaled Health Sciences Authority (HSA) described the incident as a clear breach of the law, with the woman openly vaping on the MRT Singapore, the purchase, possession, and use of e-vaporisers are illegal, including those bought online or overseas. Offenders may face a fine of up to S$2,000 (RM6,586).Individuals found in possession of or using pods containing etomidate could face up to two years in prison, a fine of up to S$10,000, or both.
