Gold futures contract opens higher

KUALA LUMPUR: Gold futures contract opened higher today on sustained demand for the precious metal.

At 9:40am, April 2014 gained 25 ticks to RM136.60 a gramme, May 2014 rose 26 ticks to RM136.90 a gramme and June 2014 added 39 ticks to RM137.80 a

gramme. 

Turnover amounted to 10 lots while open interest totalled 978 contracts.

At 9.30am, physical gold was RM1.21 higher at RM131.67 a gramme.

Maxis Value Share Package (Business)

Maxis Value Share 30

Monthly Fee RM 30.00
Normal Subsidy  RM 0.00
Commitment Include
- IDD
- Calls & SMS to all networks

WIthin Company
- Free 38 hour calls within your company
- Free 300 SMS within your company
- Free 100 MMS within your company



Call Rate To Maxis - 10 sen/min
Call Rate To Other - 10 sen/min

SMS Rate to Maxis - 5 Sen/SMS
SMS Rate to Other - 10 sen/ sms

Contract- 24 Months

Any Inquires Please don't hesitate to contact MR TAN 017-6470810 / lswilu@hotmail.com. Thank You.


Maxis Value Share 50

Monthly Fee RM 50.00
Normal Subsidy RM 200.00
Monthly Commitment RM 50.00
Commitment Include
- IDD
- Calls & SMS to all netoworks

Within Company
- Free 38 hour calls within your company
- Free 300 SMS within your company
- Free 100 MMS within your company

Call Rate to Maxis - 10 sen/ min
Call Rate to Other - 10 sen/ min
SMS Rate to Maxis - 5 sen/ SMS
SMS Rate to Other - 10 sen/ SMS

Sub Line Features
- Free 20 hours voice/ video calls to supplementary lines
- Free 2,000 SMS to supplementary lines

Contract
- 24 months

Any Inquires Please don't hesitate to contact MR TAN 017-6470810 / lswilu@hotmail.com. Thank You.


Maxis Value Share 80

Monthly Fee RM 80.00
Normal Subsidy RM 300.00
Monthly Commitment RM 80.00

Commitment Include
- IDD
- Calls & SMS to all networks

Within COmpany
- Free 38 hour calls within your company
- Free 300 SMS within your company
- Free 100 MMS within your company

Call Rate to Maxis - 10 sen/min
Call Rate to Other - 10 sen/min

SMS Rate to maxis - 5 sen/sms
SMS Rate to Other - 10 sen/sms

Sub Line Features
- Free 20 hours voice/ video calls to supplementary lines
- Free 2,000 SMS to supplimentary lines

Contract 24 Months

Any Inquires Please don't hesitate to contact MR TAN 017-6470810 / lswilu@hotmail.com. Thank You.


Maxis Value Share 150

Monthly Fee RM 150.00
Normal Subsidy RM 600.00
Monthly Commitment RM 150

Commitment Include
- IDD
- Roaming
- Calls & SMS to all networks

Within Company
- Free 38 hour calls within your company
- Free 300 SMS within your company
- Free 300 MMS within your company

Call Rate to Maxis - 10 Sen/min
Call Rate to Other - 10 Sen/min

SMS Rate to Maxis - 5 Sen/SMS
SMS Rate to Others - 10 Sen/SMS

Data Included - 3 GB
Sub Line Features
- Free 20 hours voice/ video calls to supplementary lines
- Free 2,000 SMS to supplemntary lines

Contract- 24 Months

Any Inquires Please don't hesitate to contact MR TAN 017-6470810 / lswilu@hotmail.com. Thank You.

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Khazanah wants to up fund for CR initiatives

KUALA LUMPUR: Khazanah Nasional Bhd said one of the key initiatives for the company this year is the continuous effort to build capacity of its Civil Society Partner Organisations (CSPO).

The government investment arm is raising its investment for its corporate responsibility (CR) initiatives this year by 20 per cent to RM100 million, as part of its commitment to CSPO, said its managing director, Tan Sri Azman Mokhtar.

He said through the company's CR grants programme, CSPOs will be able to broaden their impact by strenthening their service delivery, governance, and financial sustainability.

Khazanah also reaffirmed its pledge to deepen and expand its CR initatives via the newly incorporated Yayasan Hasanah.

The foundation is a strategic approach to support and empower communities, encourage social inclusivity and improve local environments, Azman said.

Azman said the establishment of Yayasan Hasanah is significant as Khazanah celebrates 20 years in operations and stands at the cusp of completing 10 years of its transformation programme to boost Malaysia's economic competitiveness and growth.

He said Yayasan Hasanah will consolidate while expanding Khazanah's existing CR work in five core sectors, namely education, community development, environment, arts, heritage and culture, and knowledge.

"Khazanah has spent RM335 million on its CR initiatives since 2006 and we will continue investing, if required," he said yesterday, after launching the 2013 Corporate Responsibility (CR) Report and the Khazanah-Wolfson Press Fellowship Programme.

The 2013 CR report, the fifth since 2009, maps out the various CR initiatives that Khazanah and partner organisations completed last year.

Azman said Khazanah spent RM80.5 million on its CR initiatives last year, as compared to RM62.4 million in 2012.

He said the increase in spending was due to the Healthcare Assistance Fund, a cooperation between Khazanah and its investee company IHH Healthcare Bhd.

An amount of RM50 million was set aside when IHH Healthcare went public in 2012 and RM16 million was allocated out in 2013, he said.

Azman said funds were also allocated for flood relief and disaster preparedness in 2013 for affected communities in Malaysia.

For 2014, Khazanah is offering CR grants to CSPOs in two cycles.

Under cycle 1, the recipients include OrphanCARE Foundation, MERCY Malaysia, Persatuan Pengasih Malaysia, Voice of the Children, Yayasan Chow Kit, Johan Cruyff Foundation, Teach for Malaysia, EcoKnights, Enactus Malaysia Foundation and Reef Creek Malaysia.

Meanwhile, the Khazanah-Wolfson Press Fellowship Programme, established last year, is a joint venture with Wolfson College and University of Cambridge, to further develop journalism in Malaysia

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar today on lack of strong buying, a dealer said.

At 5pm, the local unit was traded at 3.2690/2710 against the greenback from Tuesday's close of 3.2605/2625.

Against other major currencies, the ringgit was traded mostly lower.

The local unit fell against the Singapore dollar to 2.5936/5954 from 2.5900/5926 on Tuesday, weakened against the euro to 4.5086/5117 from yesterday's 4.4979/5009 and lower against the British pound at 5.4439/4479 from 5.4281/4318 on Tuesday.

The local unit, however, rose against the yen to 3.1487/1522 from 3.1556/1591 yesterday.

Brent crude holds above US$105

LONDON: Brent crude oil steadied above US$105 a barrel on Wednesday after hitting a near five-month low the previous session, as investors waited for US inventory data to assess demand in the world's top oil consumer.

Crude prices on both sides of the Atlantic tumbled nearly two per cent on Tuesday after Libyan rebels said they would re-open vital oil ports within days, while poor manufacturing data from China and Europe weighed on the outlook for fuel demand.

Brent crude oil had inched up 13 cents to US$105.75 a barrel by 0942 GMT, after closing at its lowest level since November 11.

US crude oil was down 5 cents to US$99.69 a barrel, after dropping 1.8 per cent in the previous session.

Data released on Tuesday by the American Petroleum Institute (API) showed crude stocks dropped 5.8 million barrels in the week to March 28 to 373.5 million barrels. Analysts had expected an increase of 1.1 million barrels.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.5 million barrels, the industry group said.

The market is now eyeing oil inventory data due on Wednesday from the US Energy Information Administration (EIA) for more trading cues.

"If the upcoming EIA weekly release were to reveal lower crude inventories consistent with the API data, we are likely to expect prices to retrace upwards," Phillips Futures analyst Tan Chee Tat said in a note.

Tuesday's slump was attributed to news that a rebel group in eastern Libya has agreed with the government to end its seizure of oil ports, raising hopes for an end to an eight-month stalemate that has dried up state income.

However, agreements have been announced in the past, only to fall apart soon after and oil markets have become more cautious.

Surveys showing factories across Europe eased back on the throttle in March and China's vast manufacturing industry contracted for a third straight month also put downward pressure on oil.

"The sharp... reduction in US crude oil stocks reported by the API after close of trading yesterday was... unable to lend any buoyancy to prices. We therefore regard yesterday's price slump as an overreaction and expect the price to recover in the coming days," Commerzbank said in a note to clients.

Estimates for a drop in supply from the Organization of the Petroleum Exporting Countries (OPEC) boosted investor sentiment.

A Reuters survey showed OPEC's oil output fell in March to its lowest since December as Iraq's oil revival suffered a setback and outages cut output in African producers.

Despite political tensions between Russia and the West over Ukraine, analysts and traders expect the crisis to have less impact on oil supplies than on natural gas.