Four foreigners arrested over theft of almost RM400,000 cash

AMPANG: Four foreigners, including a woman, were detained in connection with stealing almost RM400,000 cash following a bogus gold purchase transaction. Selangor police chief Comm Datuk Hussein Omar Khan said the 45-year-old victim, who is an engineer, was driven to Jalan Sulaiman 1 in Ampang by a man on the pretext of concluding a transaction to...

QuickCheck: Did a man steal from a jewellery store in broad daylight in Penang?

RECENTLY, a viral video showed a man running away with a handful of gold from a jewellery store. The video began with a man walking into the jewellery store and showing interest in buying some gold. When presented with the jewellery he requested, and while the shopkeeper was calculating the price of the gold, he grabbed...

Three bidders win Vietnam gold auction at high price

HANOI: The State Bank of Vietnam (SBV) announced the result of Wednesday's (May 8) gold auction, with three winning bidders securing 34 lots. The only winning bid price is VNĐ86.05 million (US$3,383 per tael), which is VNĐ750,000 per tael higher than the reference price. As a result, a total of 3,400 taels of SJC-branded gold bars have...

Glassnode: Bitcoin’s issuance rate sinks lower than gold’s after fourth halving

Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving...

JPMorgan: Bitcoin outpaces gold in investor portfolios

In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility. Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs. Since the approval of these ETFs in...

Burglars make off with RM3.5mil in gold, cash and handbags from Sentul home

KUALA LUMPUR: Thieves broke into the home of a businesswoman In Padang Balang, Sentul here and carted away cash, gold bars and designer handbags worth about RM3.5mil. Wangsa Maju OCPD Supt Ashari Abu Samah said the incident occurred late Sunday (March 3) night when the woman and her family were not at home. "The robbers stole a...

Teen dies while panning for gold in Lipis

KUANTAN: A teenage boy died after being buried in a cave-in while panning for gold at Pos Pantos, Kuala Lipis on Wednesday (Feb 28). Lipis OCPD Supt Azli Mohd Noor said investigations found that the victim, Budiman Johan, 18, along with four other friends, had gone to an oil palm plantation in Pos Pantos to pan...

Three-tier system for revamped MM2H programme

PETALING JAYA: The Tourism, Arts and Culture Ministry has unveiled a revamped version of the Malaysia My Second Home (MM2H) programme which now has three tiers – Silver, Gold and Platinum. Minister Datuk Seri Tiong King Sing (pic) said each tier will have specific eligibility requirements. The type of entry visa available to applicants will also vary...

Bankrupt goldsmith allegedly dupes 15 gold suppliers of RM30mil of gold

KUALA LUMPUR: More than 15 victims suffered some RM30mil in losses after they were allegedly duped by a goldsmith. The victims, who were gold suppliers, were not paid by the suspect after they had supplied millions of ringgit worth of gold. One of the victims, gold supplier Allan Tang said he had been dealing with the suspect...