Advancing Gold Purity And Refinery Methods In MALAYSIA

Published on: 4 July 2022

The Malaysia Gold Association (MGA) team led by Dato’ Wira Louis Ng Chun Hau, had recently visited the National Metrology Institute of Malaysia (NMIM) accompanied by Dato’ Dr Ahmad Sabirin Arshad, President and Group CEO of SIRIM Berhad, together with Dr. Osman Zakaria, Senior Director of NMIM and his key management on 21st June 2022, through an exclusive invitation by SIRIM, an agency under the purview of the Ministry of International Trade and Industry (MITI) of Malaysia, to learn more about the latest gold refinery and purity processes that comply with international requirements through SIRIM certification.

Gold Price Forecast: XAU/USD rallies $20/oz to test $1,991 as traders run for cover

Published on: 7 March 2022

As the attacks in Ukraine intensify, there has been a $20.00/oz rally at the start of the Asia session with risk-off all around and higher commodities higher across the board. S&P 500 futures extend their fall to 1.1% and NASDAQ futures are off 1.2% while the US 10-year treasury yields have dropped to 1.68% as being the lowest since early January.

Breaking: Gold surges and breaches $2,000/oz

Published on: 7 March 2022

The driver is oil and fears of global stagflation. Oil has surged 10% on Monday with the risk of the US and European ban on Russian products. There are also delays in Iranian talks. Brent was quoted $12.73 higher at $130.84, while US crude rose $9.92 to $125.60.

Russian central bank to resume gold purchases on domestic market from Monday

Published on: 28 February 2022

Russia's central bank on Sunday said it would resume buying gold on the domestic market from Feb. 28, as it undertakes measures to try and ensure financial stability during Western sanctions against Moscow for its invasion of Ukraine. Earlier, Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert as Ukrainian fighters defending the city of Kharkiv said they had repelled an attack by invading Russian troops.

AML/CFT Law and Policy for DNFBPs and Other Non-Bank Financial Institutions

Published on: 1 February 2020

The guide is for reporting institutions that are Designated Non-Financial Businesses and Professions and Non-Bank Financial Institutions (“DNFBPs and NBFIs”) in Malaysia to comply with the requirements in the fight against money laundering and terrorism financing.

Bank Negara wants cash transactions to be capped at RM25,000 next year

Published on: 7 November 2019

KUALA LUMPUR: Bank Negara Malaysia (BNM) is proposing to set a cash transaction limit (CTL) of RM25,000 next year, as part of its initiative to continue curbing financial crimes. A cash transaction limit is the cap on the physical cash amount that can be paid per transaction.

Association seeks SST exemption on investment metals

Published on: 14 Jul 2018

KUALA LUMPUR: The Malaysia Gold Association wants investment precious metals (IPMs) and jewelleries to be exempted from the soon-to-be implemented sales and services tax (SST).

Sales Tax (Goods Exempted From Tax) Order 2018

Published on: 28 Aug 2018

Government has amend the Goods Exempted From Payment of Salex Tax

Gold Investor, February 2017 by World Gold Council

Published on: 16 February 2017

New investors flock to gold to insure against geo-political turmoil. Understand why with Gold Investor. Includes contribution from Dr Alan Greenspan.

Public Gold Group- FIRST Shariah Compliant physical gold and silver

Published on: 8 February 2017

Public Gold announces World’s first Shari’ah-Complaint physical gold trading company

Gold Demand Trend Full Year 2016 by World Gold Council

Published on: 3 February 2017

New investors flock to gold to insure against geo-political turmoil. Understand why with Gold Investor. Includes contribution from Dr Alan Greenspan.

The Gold Market in 2017 by World Gold Council

Published on: 13 January 2017

In 2016, investors around the world returned in large numbers to the gold market, as a combination of macroeconomic drivers and pent up demand kept interest in gold high.

Launch of Shari’ah Gold Standard will create new asset class in Islamic Finance

Published on: 6 December 2016

The AAOIFI Shari’ah Standard on Gold developed in collaboration with the World Gold Council offers definitive guidance on the use of gold in Islamic finance.

Guide on Investment Precious Metal (IPM) by Royal Malaysian Customs

Published on: 19 May 2016

Understanding matters with regards to Goods and Services Tax (hereinafter referred to as “GST”) treatment on investment precious metals (hereinafter referred to as “IPM”).

Guide on Approved Jeweller Scheme (AJS) by Royal Malaysian Customs

Published on: 3 Nov 2015

Understanding matters with regards to GST treatment on Approved Jeweller Scheme (AJS).

Guide on Tourist Refund Scheme by Royal Malaysian Customs

Published on: 20 May 2015

Understanding matters with regards to GST treatment on Tourist Refund Scheme (TRS).

Precious metals industry players want GST exemption

Published on: 12 Mar 2014

Public Gold group executive chairman, Datuk Louis Ng, said physical gold would no longer be a viable tool for investment and as a hedge against inflation and foreign exchange fluctuations if the GST were to be imposed.