Latest news with #RM438
The Star
20-05-2025
- The Star
Hong Kong woman selling electric toothbrush online loses HK$800,000 in scam
Purported buyer gives her link to complete transaction and woman later realises money missing from her account. — SCMP A Hong Kong woman trying to sell an electric toothbrush on a popular online marketplace fell victim to a scam that cost her HK$800,000 (RM438,310 or US$102,370). The victim, a 38-year-old living on Bonham Road in Mid-Levels, had listed the item on Carousell and was approached by a supposed buyer expressing interest. The buyer claimed the payment would be completed online and a link was provided for the transaction. The seller clicked the link and followed the instructions and later realised HK$800,000 (RM438,310) had been withdrawn from her account without her authorisation. She reported the incident to police on Monday. The case is being handled by the Western district investigation team. – South China Morning Post
The Star
09-05-2025
- Business
- The Star
Jewellery remains a top choice for Mothers Day gifts
Investments to cherish: Yuvabalan showing a jimki (type of earring) sold at his shop in Little India, George Town, Penang. — ZHAFARAN NASIB/The Star. GEORGE TOWN: Gold jewellery remains a popular Mothers Day gift, with many opting for smaller, budget-friendly pieces despite the high prices. VKN Jewellers director Datuk S. Yuvabalan said smaller pieces like bracelets, rings, bangles and earrings have grown in popularity, especially with current gold prices. 'With Mothers Day approaching, we have seen children bringing their mothers in to choose a gift. 'Bracelets, bangles and earrings are among the most popular items. 'Many customers traded in old gold for new designs, as it can be profitable. 'Some are even selling their gold while prices are high,' he said. Yuvabalan said demand for gold remains strong, as it continues to hold deep cultural significance, particularly during special occasions. He said while most customers are more budget-conscious, they still see value in buying gold. 'Gold plays an important role in Asian culture, especially during celebrations. 'It is seen as an investment. You can wear it and later sell it, or simply buy it now to sell when the value appreciates. 'People buy what they can afford. Despite high prices, customers are still making purchases,' he said. On Monday, gold was priced at RM438 per gram, before it rose to RM448 the following day. . Pharmacist S. Shankari, 35, bought her mother a new locket for Mothers Day, which will be celebrated tomorrow. Describing it as a meaningful and lasting gift, she said she kept her purchase modest, knowing her mother would be mindful of the cost. 'Flowers, cakes and other items are nice, but they are perishable,' she said. 'In my culture, gold holds value, and I thought it would be lovely to get my mother something beautiful. 'She had been wearing the same locket on her gold chain for years, and I felt it was time for a change. 'Mothers Day felt like the perfect occasion to give her something new and special,' she said. Muslim Jewellers and Money Changers Association of Penang president Datuk Dr Anvar Hussain Rahumathullah said the sharp rise in gold prices over the past year has led to a 70% drop in gold purchases. He said some customers waited and monitored the price trends, choosing to make purchases when the price drops. 'People are still buying gold, but their purchasing power has significantly decreased. 'There is also a growing preference for pure gold pieces, likely due to the higher resale or trade-in value. 'Customers now prefer plain gold items, such as bangles without stones, because gemstones tend to reduce the resale value. 'Smaller pieces are currently more popular, as they are more affordable and fall within the average buyer's budget,' he said.
Malay Mail
25-04-2025
- Politics
- Malay Mail
Who accredits US universities and what does Trump want to change?
WASHINGTON, April 26 — US President Donald Trump issued an executive order this week targeting the non-government agencies that accredit universities and other higher-education institutions, saying that some promote diversity he considers to be a form of unlawful discrimination. The order instructs Education Secretary Linda McMahon to consider terminating government approval of higher-education accrediting agencies that require colleges to show a commitment to having staff and students who are diverse with regard to gender, race and ethnic background. How are US universities accredited? The US federal government does not run any universities or colleges, nor does it accredit them. Instead, under the Higher Education Act of 1965, the education secretary 'recognises' various private educational associations, as well as some agencies run by state governments, that can accredit colleges through a peer review process if they meet criteria laid out by Congress. The government has recognised more than 30 accrediting agencies, including regional agencies and agencies with a narrow focus on particular professional educational programmes. For example, a division of the American Bar Association is the main accrediting agency for law degree programmes in the US; the New England Commission of Higher Education accredits colleges in much of the Northeast, including Harvard University. What does accrediting mean? The Higher Education Act says that the main role of accrediting agencies is to ensure the quality of education received by students and to serve as a guarantor of the diplomas issued by accredited schools. In order to receive Pell Grants or student loans disbursed by the US Department of Education, a student must generally enrol at an accredited or 'pre-accredited' institution. The department issues more than US$100 billion (RM438 billion) in grants and loans each year, according to the White House. The law requires accrediting agencies to lay out clear standards and processes, and that they must assess a college or university by looking at student achievement, graduation rates, curricula, faculty, facilities and admissions practices, among other criteria. What is Trump's criticism of accrediting agencies? Trump, a Republican, has repeatedly criticised US universities for being bastions of what he calls anti-American, Marxist and 'radical left' ideologies, and has said accreditation agencies are partly to blame. In his order, he criticised any agency that sought to promote diversity, equity and inclusion in its accreditation standards with regards to gender, race or ethnic background. He ordered the education secretary to eradicate those criteria within the bounds of existing law. He also ordered McMahon to see that accredited institutions support 'intellectual diversity' in their faculties, which many conservatives consider to be left-leaning. Students demonstrate during a protest where some temporarily locked themselves to the gates to Columbia University's main campus in New York City. — Reuters pic What powers does the education department have over accreditors? Some of Trump's goals may require Congress to amend the law. The Higher Education Act says the education secretary is not permitted to establish additional criteria for accrediting agencies beyond those Congress included in the Higher Education Act. Nor is the secretary allowed to define or prescribe the standards used by an agency to assess a college's student achievement. However, the law does allow accrediting agencies to adopt 'additional standards' beyond those laid out by Congress in making their accreditation decisions. An accrediting agency must reapply for recognition by the education secretary at most every five years. If an accrediting agency fails to meet the criteria laid out in the Higher Education Act, the education secretary can terminate its recognition only 'after notice and opportunity for a hearing'. What does the Higher Education Act say about diversity? The law repeatedly refers to promoting various forms of diversity at US colleges. For example, the law requires institutions provide information for current and prospective students on 'student body diversity', including a breakdown of the gender and racial makeup of full-time students. The law also lays out grant programmes intended for women and other historically under-represented minority groups, and it states that 'underrepresentation of minorities in science and technological fields diminishes our Nation's competitiveness'. — Reuters
