Latest news with #RM198
Daily Express
04-05-2025
- Business
- Daily Express
Chamber: Why the frequent MASwings cancellations?
Published on: Monday, May 05, 2025 Published on: Mon, May 05, 2025 By: Sohan Das Text Size: Wong said he was unaware of the reason why the business community's popular flight was often cancelled. - Bernama pic. LABUAN: Labuan Chinese Chamber of Commerce Chairman Datuk Wong expressed disappointment over the frequent cancellation of MASwings' last flight to Kota Kinabalu. He said the evening flight was important for the business community and its uncertainty deterred many from coming. 'Labuan is a close neighbour of Sabah and there is a strong commercial relationship between the two points. The evening flight out of Labuan for traders on business deals here enables them to come to Labuan in the morning and return before dark. 'When the flight is cancelled it mean staying an extra night and paying for hotel and other expenses. This is a financial burden because the airfare for one-way to KK was already high at RM198'. Wong said he was unaware of the reason why the business community's popular flight was often cancelled. 'If the reason was insufficient capacity, it is unacceptable. An airline should not expect to make profits from all its flights. 'As far as I know flights on domestic routes are subsidised. If the subsidy is not enough, ask for more but don't keep cancelling flights as regular cancellations not only frustrate passengers but is also not good for the airline's image,' said Wong. Wong reminded that during Prime Minister Datuk Seri Anwar Ibrahim's last visit to Labuan, he directed all agencies to support and this instruction also applied to MASwings. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
26-04-2025
- Business
- The Star
Prices soar but gold still tops investment
Precious metal: Lee showing gold bars with 99.99% purity at Komtar. — KT GOH/The Star GEORGE TOWN: Buy low, sell high; buy high, sell higher. It almost seems like this is the motto of gold buyers who are still investing in the precious metal despite soaring prices. 'There is no 'highest' as it will only go higher,' said gold jewellery trader Lee Theam Loong here. The 55-year-old said while many customers have walked in to sell their gold to get a good return on their investments, others are buying for the future. 'Price of gold was RM410 per gram in February and on April 24 it was priced at RM460 per gram. 'Just days earlier, it went up to RM490 per gram. 'I remember the days when it was only RM39 per gram in the early 1990s,' he added. Lee said many of those seeking to invest were buying gold in the form of bars with 99.99% purity, while the sellers mostly brought jewellery pieces that they had kept for years. 'Locals and foreigners are cashing in on their gold jewellery, especially those whose children need money for schooling. 'They lose about 10% in value by reselling, but the high prices ensure they get good returns,' he said. Jewellery shop supervisor Mashitah Md Ishak, 46, said most women customers prefer gold in 91.6% purity, also known as 916 gold, for jewellery. 'The gold price was just RM198 per gram about five years ago, but it is now RM470 per gram. 'With the rapid appreciation in gold value, many do not mind buying gold jewellery to resell later. 'Many new jewellery designs are being produced due to the increase in demand,' she said.
