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Migration To Kelantan On A Chinese Gold Dream

GUA MUSANG, Aug 5 (Bernama) -- Dreams about finding an abundance of gold motivated a group of traders and miners in China to migrate to "Tanah Melayu" (the Malay Land) in Gua Musang, Kelantan, in 1429, some 24 years after Admiral Cheng Ho called at Melaka.

This was related by Kelantan Tourism Director Muhammad Zaki Talib, who said the migration of the Chinese from mainland China could be proven based on an ancient Chinese inscription found on a statue in a Chinese temple in Kampung Pulai, here.

"The inscription, on the statue of Goddess Quan Yin, also bears the date of their settlement and their historic journey to Kelantan," he told Bernama here.

He said that according to the local Chinese, the Chinese migration started after they dreamt of an abundance of gold in Tanah Melayu, which motivated them to leave mainland China.

"They first arrived at Kuala Besar, Pantai Cahaya Bulan here and travelled in boats upriver on the Sungai Kelantan as far as Gua Musang," he said.

Although Admiral Cheng Ho was the first Chinese who came to Melaka in Tanah Melayu between 1405 and 1407, it was possible that the Chinese group which came was the first to migrate to Kelantan, said Muhamad Zaki.

In this context, he said, there was ongoing discussion between the Tourism Ministry and the Information Communication and Culture Ministry to endorse the statue as a national heritage.

He said Tourism Minister Datuk Seri Dr Ng Yen Yen had, during a visit to Kelantan last month, stated her intention to promote the statue as an attractive tourist destination since it was the oldest statue in the country.

He said there were many more interesting and unique factors about the temple in Kampung Pulai which could be showcased to tourists.

Besides the temple, Kampung Pulai is a traditional Chinese village surrounded by the green jungle in Gua Musang.

-- BERNAMA

PERHATIAN

HARGA UNTUK PROGRAM BARU ADALAH MENGIKUT HARGA FGJAM

Sesi Perjumpaan AFA Gold

Untuk Makluman, kehadiran ini adalah percuma. Tidak perlu daftar di mana-mana. Hanya datang ke Ridel Hotel dan daftar nama anda di sana. Insyaallah, jamuan ringan disediakan utk membasah tekak. hi hi hi. Datanglah beramai2 kerana dewan disediakan boleh menampung sehingga 50 org. OK. Jumpa anda di sana...

Sesi Penerangan AFA GOLD Sdn Bhd

Makluman semua, Sesi Penerangan AFA GOLD yg telah dijadualkan adalah tidak berubah. Majlis tersebut akan berlangsung seperti mana yg telah diwar warkan sebelum ini. Kehadiran anda adalah amat dihargai...

APA?????

Government approves more lottery games
By RACHAEL KAM


Move will curb rise in illegal gaming operators

PETALING JAYA: All three number forecast operators (NFOs) in the country will benefit in the longer term as the government tries to curb a rise in illegal gaming by increasing the number of legal lottery games, although Berjaya Sports Toto Bhd (BToto) may face some initial pressure from new games awarded to its rivals, analysts said.

Multi-Purpose Holdings Bhd’s 51% subsidiary, Magnum Corp Sdn Bhd, has received approval for a new 4-digit (4D) game which will incorporate a jackpot element, slated to be launched at end-2009, Multi-Purpose told Bursa last Friday.

The move will certainly reduce the market share of illegal operators, and hence benefit all the NFOs in the long run, said OSK Research.

The illegal numbers market is estimated at 1-to-1.5 times that of the legal NFO market, which was valued at about RM8bil as at end-2008, according to OSK Research.

“Given that Magnum has the single largest market share in the 4D game and that the game is known to be the most popular in the illegal NFO market, we expect this move to give a significant boost to Magnum’s revenue growth,” the brokerage told clients in a research note.

The research house said the government had always resisted the move to increase gaming taxes as it would only give leeway for illegal operators to gain market share at the expense of the legal operators.

“The latest move to offer a jackpot element in the 4D game is a signal that the government remains serious in reducing the leakages to illegal operators,” OSK said, noting that illegal operators were unable to offer jackpots where the roll-over sum was typically too high for an illegal operator to match.

Gaming and corporate taxes are estimated to amount to more than RM1.5bil per annum.

OSK said although the approval of the new 4D game for Magnum might result in BToto facing a marginal slip in its market share, especially for its 4D games, it was unlikely to cause a drastic drop in BToto’s revenue growth.

“BToto’s non-4D games have a significantly higher matrix and hence the tendency for a higher jackpot roll-over element, which is the main contributor of the group’s super-normal growth rates,” the brokerage noted.

Currently, BToto’s 4D games contribute about 70% to 75% of its total NFO revenue.

OSK reckons that Tanjong Plc, which runs its gaming operations via Pan Malaysian Pools Sdn Bhd, may get a share of the action.

“We believe that the government may also offer a jackpot element in Tanjong’s 3D and potentially, 4D games, so as to be seen as providing a more level playing field for NFO operators,” it said.

OSK has maintained its “overweight” rating on the sector, and recommended a “buy” call on Tanjong with a target price of RM18.60.

It pegged BToto at a target price of RM5.60 and expected the company to remain a defensive, high-dividend yield play.

HwangDBS Vickers Research agrees that the policy makers’ initiatives to introduce more measures in the NFO industry is crucial to help players regain lost ground due to the rise in illegal gaming activities.

“As such, it is likely that Tanjong (rated ‘buy’) may also receive approval for a new game for its gaming operation,” the research house said in a note.

“We believe that the potential impact on the new games would be minimal on Tanjong’s bottom line, especially in the first one to two years of the operation,” HwangDBS said.

The brokerage believes investors should continue to focus on Tanjong’s strong fundamentals with resilient earnings from both its NFO and power generation businesses, and an attractive net yield of 5%.

It has maintained a “buy” call on Tanjong with a target price of RM19.25.

Gold News

Gold and the dollar have moved inversely every month since April, resuming a pattern in five of the past seven years. The greenback rose as much as 0.7 percent against the euro, partly on revived demand for the safety of the world’s main reserve currency.

“It is rather painful to describe the moves in gold solely in terms of the euro-U.S. dollar, but that is all that seems to be driving the gold price at the moment,” John Reade, UBS AG’s head metals strategist in London, said in a report. “Jewelry, physical investment and ETF flows remain very quiet.”

Program AFA Gold Kota Bharu di RIDEL HOTEL

Pemandangan Gerai2 di hadapan Ridel Hotel

Adalah dimaklumkan bahawa Program yg dirancangkan oleh AFA Gold Sdn Bhd untuk Sesi Penerangan di Kota Bharu adalah pasti. Insyaallah.... Lokasi adalah seperti yg diwar warkan iaitu bertempat RIDEL HOTEL KOTA BHARU, Dewan Sepat. Acara akan bermula dengan Pendaftaran di luar dewan pada jam 830 malam. Para penceramah adalah daripada Pegawai Pemasaran AFA Gold Sdn Bhd, dan kemungkinan besar turut serta adalah Managing Director AFA Gold Sdn Bhd. Jamuan ringan turut disediakan untuk para jemputan.

Untuk makluman para jemputan, anda boleh memakir kereta di sekitar hotel tersebut sehinggalah ke Apartment Services Pelangi di sepanjang Sungai Kelantan. Oleh kerana malam minggu, dijangkakan kawasan pakir kereta agak terhad. Kehadiran awal adalah digalakkan, kerana pihak hotel ada menyediakan tempat untuk bersolat. Bagi anda yang tinggal jauh daripada Kota Bharu, boleh hubungi saya untuk dapatkan harga bilik istimewa 10% drp harga yg ditawarkan.

Gold to Target Record Above $970 Resistance: Technical Analysis

July 24 (Bloomberg) -- Gold may extend a recent rally and target its record high as so-called momentum indicators suggest “there’s plenty of fuel in the tank to propel a multi-week advance,” BNP Paribas SA said, citing trading patterns.

Gold’s current advance has scope to replicate the powerful April-to-June uptrend, Andrew Chaveriat, the bank’s New York- based technical strategist, wrote in a report yesterday.

Projecting a similar rise off the July 8 low of $905.10, gold may target $1,030 by early September, a target that coincides with the revisiting of the March 2008 record high of $1,032.70, Chaveriat wrote. Bullion’s eight-week stochastic indicator is “well below” the oversold zone, he said.

Gold for immediate delivery traded little changed at $947.71 an ounce at 8:37 a.m. Singapore time and is heading for a second weekly increase. The precious metal is down 8.1 percent from its peak on March 17, 2008. Bullion’s high this year was $1,006.29 an ounce, reached Feb. 20.

“In order to confirm scope for a rally toward $1,030, gold must overcome robust resistance at $957 and $970, representing the 61.8 percent and 76.4 percent retracement points of the June to July decline,” Chaveriat wrote, referring to percentages that are part of the Fibonacci sequence. Resistance levels are where sell orders may be clustered.

Fibonacci analysis is based on the theory that prices rise or fall by certain percentages after reaching a high or low. A break of a level of support indicates a price may move to the next level. A failure indicates a trend may stall. Other key Fibonacci levels include 38.2 percent and 50 percent.

“However, given this month’s swift rise, daily momentum is overbought, and combined with the proximity of $957 and $965 resistance, this might cause a near-term pause in the rally and perhaps a pullback toward $942/$932 support,” he said.

“If such a consolidation or dip occurs, it should be followed by renewed gains breaking $957/$965/$970 resistance, opening a re-test of the $990 June high,” Chaveriat added. “Breaking $990 is possible next month, opening the $1,000 psychological barrier and February high.”

PROGRAM LAWATAN DAN PENERANGAN AFA GOLD DI KOTA BHARU

Tarikh : 01 Ogos 2009

Lokasi : Dewan Sepat, Ridel Hotel, Kota Bharu

Masa : Pendaftaran 8:30 malam

Datanglah beramai-ramai untuk mengenali AFA GOLD secara dekat.

Klik tajuk untuk mengetahui lokasi Ridel Hotel, Kota Bharu

RIDEL HOTEL is located at blok A, next to Pelangi Mall shopping complex, facing Sungai Kelantan. Surrounding by Kelantan Heritage and attraction at five to ten minutes walking distance includes :-

Etika Emas Estet Nafi Terlibat Dalam Deposit Haram

KUALA LUMPUR, 22 Julai (Bernama) -- Etika Emas Estet Sdn Bhd (EEESB) telah menafikan bahawa syarikat ini melakukan sebarang aktiviti pengambilan deposit secara haram yang melanggar undang-undang sejak ditubuhkan pada 22 Mei 2007.

Presidennya, Mohd Amin Supian berkata EEESB adalah sebuah syarikat dagangan profesional yang menjual dan bukan melabur emas.

"Kami yakin dan percaya bahawa tiada sebarang aktiviti tidak sah dilakukan sepanjang penubuhan syarikat ini dan bersedia memberikan kerjasama kepada pihak Bank Negara Malaysia (BNM) dalam melakukan siasatan," katanya kepada sidang media Rabu.

Beliau berkata demikian sebagai mengulas kenyataan yang dikeluarkan oleh BNM semalam bahawa bank pusat itu telah memulakan siasatan terhadap EEESB kerana disyaki menjalankan kegiatan mengambil deposit secara haram yang melanggar subseksyen 25(1) Akta Bank dan Institusi Kewangan 1989 (BAFIA).

Serbuan ke atas syarikat yang berpangkalan di Lembah Klang itu telah dibuat berdasarkan maklumat yang diterima daripada orang ramai.

Akaun EEESB telah dibekukan berikutan siasatan yang dilakukan.

Mohd Amin menjelaskan bahawa EEESB tidak pernah mengambil sebarang deposit secara haram seperti yang dilaporkan dan sebarang urusan penjualan dan pembelian emas adalah mengikut harga semasa di pasaran.

EEESB telah memaklumkan kepada BNM sebelum ini berkenaan aktiviti perniagaan syarikat dan jawapan yang diterima bagaimana pun tidak menyatakan secara khusus sama ada model perniagaan syarikat itu bercanggah dengan mana-mana akta di bawah seliaan bank pusat.

Syarikat itu hanya menjalankan urusan jual-beli emas fizikal 999.9 gram dan turut memberi khidmat nasihat kepada pelanggan tentang kaedah menambahkan aset emas mereka dengan menggunakan institusi Ar Rahnu yang berdaftar sebagai mekanisme.

Urusan jual-beli boleh dibuat melalui pembayaran tunai atau pinjaman.

"Sebagai contoh, kami menjual seketul emas kepada pembeli dan kemudian digadai di institusi Ar Rahnu terpilih.

"Ar Rahnu pula memberikan nilai pinjaman bercagar sebanyak 65 peratus daripada nilai emas tersebut kepada pembeli di mana pembeli kemudian membayar kepada EEESB untuk nilai dua ketul emas," katanya.

Mohd Amin berkata semua urusniaga kepada pelanggan disertakan dengan resit pembelian, aku janji aqad, surat perjanjian dan surat ketulenan yang diiktiraf oleh Bank Dunia dan London Bullion Market Association.

Pihak syarikat memberi jaminan bahawa emas yang dibeli oleh pelanggan dalam keadaan selamat di institusi Ar Rahnu terpilih atas nama pembeli dan memberi insentif tambahan sebanyak RM300 sebulan selama enam bulan seperti yang termaktub dalam perjanjian jual-beli.

EEESB menjalankan model perniagaan di bawah naungan Koperasi Etika Emas Malaysia Bhd, sebuah entiti yang bernaung di bawah Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan.

Syarikat mempunyai hasil jualan sebanyak RM600 juta yang bersamaan dengan berat emas sebanyak 4,000 gram, sejak ditubuhkan pada tahun 2007.

Ia beroperasi di 60 cawangan di seluruh negara ini dan mempunyai 4,500 orang pelabur setakat ini.

Ia turut mempunyai kedai emas sendiri di Holiday Villa, Kuala Lumpur.

-- BERNAMA

Gold, other metals slip as inflation fears ease

NEW YORK — Gold prices inched lower Tuesday after Federal Reserve Chairman Ben Bernanke discounted the threat of inflation.
Speaking before in his semiannual address to Congress, Bernanke laid out specific steps the central bank plans to take to ease its stimulus efforts as the economy improves. He also assured investors that the central bank will be able to keep inflation low.

The Fed has pumped trillions of dollars into the financial system in an effort to drive down interest rates and revive the economy by keeping borrowing costs low. But investors have worried that these moves would put pressure on the dollar and lead to inflation.

As the economy recovers, the Fed will need to reverse some of its efforts to stave off inflation. Bernanke's testimony on Tuesday sent a clear signal that the central bank is fully prepared to do that.

Investors often turn to gold as protection against inflation, so Bernanke's comments discouraged investors from parking their money in the precious metal. Other metals faltered alongside gold.

"A lot of the recent buying in precious metals has been predicated on coming inflation," said James Steel, an analyst with HSBC in New York.

Prices for gold and other commodities rose this spring as investors feared a falling dollar could trigger inflation. An improving outlook on the economy also fostered buying of commodities, giving investors hope that demand for basic materials would soon pick up.

However Bernanke also stressed in his remarks that the recovery will be gradual and that it is still too soon to exit the Fed's emergency financial aid programs, which include rock-bottom interest rates and large purchases of Treasury bonds and other kinds of debt.

Gold’s Rally May Stall, Standard Bank Says: Technical Analysis

By Glenys Sim

July 21 (Bloomberg) -- Gold’s recent advance may stall as the metal meets two important resistance points, Standard Bank Group Ltd. said, citing trading patterns.

The $965.25 and $995 levels represent “resistance trendlines of short-term and medium-term consolidation phases,” Darran Grabham, the bank’s technical analyst, wrote in a note yesterday. Resistance levels are where sell orders tend to be clustered.

So-called trendlines, used to determine momentum, are found by connecting an asset’s high prices over a period, and its lower prices to form a channel.

“An initial support band is situated between $937 and $932,” Grabham wrote. “Gold strength beyond $965.25 would be interpreted as positive, underpinning the market toward $983. A break above $995 would require confirmation in the form of a weekly close above $1,000.”

Gold for immediate delivery traded little changed at $948.80 an ounce at 8:45 a.m. Singapore time. The precious metal is down 8.1 percent from its record of $1,032.70 on March 17, 2008. Bullion rose 2.7 percent last week, the biggest weekly gain since the week ended May 22.

Gold has been in a “protracted consolidation phase” since reaching its peak last year, Grabham wrote. Last week’s trading represents a “bullish engulfing pattern,” indicating that the bear trend from $989.80 has stalled.

Once gold reaches a weekly close over $1,000, it is expected to recommence its long-term bull trend, with the minimum objective placed at $1,275, Grabham added. “The near- term outlook turns negative below $906, leaving gold vulnerable to the $880 to $865 support zone,” he said.

Gerhana Matahari Separa Di Malaysia Hari Ini

KUALA LUMPUR, 21 Julai (Bernama) -- Gerhana matahari separa akan dapat dilihat di Malaysia secara minimum pagi esok.

Gerhana matahari separa itu, yang amat sukar dicerap dengan mata kasar, akan berlaku pada 8.23 pagi dan berakhir pada 9.48 pagi.

"Bagaimanapun hanya lebih kurang 17.8 peratus sahaja kawasan permukaan Matahari akan ditutupi oleh bulan semasa Gerhana Separa itu berlaku," kata Ketua Unit Penyelidikan Sains Angkasa (UPSA) ANGKASA, Mhd Fairos Asillam, dalam satu kenyataan pada hari Selasa.

Kawasan Utara Semenanjung Malaysia merupakan kawasan yang terbaik untuk mencerap gerhana matahari separa itu, katanya.

Dalam abad ini, penduduk Malaysia akan dapat menikmati Gerhana Matahari Separa pada 15 Januari 2010, 9 Mac 2016 dan 26 Disember 2019, katanya.

Kejadian gerhana itu berikutan berlakunya fenomena gerhana matahari penuh, yang merupakan gerhana matahari terpanjang di abad ini.

Fenomena astronomi yang juga akan berlaku esok akan dapat disaksikan oleh penduduk Bumi di mana laluan gerhana itu meliputi hampir separuh kawasan Bumi.

Mhd Fairos berkata bayangan umbra bulan (bahagian bayang yang sangat gelap) akan mula memasuki laluannya di India dan seterusnya akan melalui Nepal, Bangladesh, Bhutan, Myanmar dan China.

Apabila laluan gerhana itu melepasi benua Asia, ia akan melalui Pulau Ryukyu di Jepun dan melalui Lautan Pasifik dengan masa maksimum semasa gerhana penuh mencapai 6 minit 39 saat, katanya.

Mhd Fairos berkata ANGKASA akan menghantar tiga orang pegawai untuk membuat penyelidikan dan pengambilan data dan imej gerhana (fotografi dan videografi) semasa berlakunya fenomena gerhana matahari itu di Jinshan, Shanghai, China.

Ini kerana mengikut statistik, cuaca dan litupan awan di China lebih baik berbanding dengan kawasan lain.

Selain daripada ANGKASA, beberapa kumpulan daripada Malaysia akan turut menyertai Ekspedisi Gerhana di beberapa kawasan di China antaranya Universiti Malaya, Universiti Sains Malaysia, Jabatan Kemajuan Islam Malaysia (Jakim), Persatuan Falak Syarie Malaysia, Stargazer Scientific dan Falak Online, katanya.

Rakyat Malaysia boleh bersama-sama menyertai dan menikmati Gerhana Matahari Penuh itu esok dengan melayari laman web yang membuat siaran langsung secara webcasting seperti www.exploratorium.edu/eclipse/2009/index.html, www.saros.org/index.html, www.live-eclipse.org dan www.eclipse-tv.com.

-- BERNAMA

BNM Siasat Dua Syarikat

KUALA LUMPUR, 21 Julai (Bernama) -- Bank Negara Malaysia telah memulakan penyiasatan terhadap dua syarikat, iaitu Genneva Sdn Bhd dan Etika Emas Estet Sdn Bhd.

Kedua-dua syarikat itu disiasat kerana disyaki menjalankan kegiatan mengambil deposit secara haram yang melanggar subseksyen 25(1) Akta Bank dan Institusi Kewangan 1989 (BAFIA).

Serbuan ke atas Genneva Sdn Bhd dan Etika Emas Estet Sdn Bhd yang berpangkalan di Lembah Klang dibuat hari ini, berikutan maklumat yang diterima daripada orang ramai, kata bank pusat itu dalam satu kenyataan di sini.

Bank Negara berkata orang ramai diingatkan supaya berhati-hati terhadap skim pengambilan deposit dan skim pelaburan yang ditawarkan melalui pelbagai saluran seperti internet, panggilan telefon, atau seminar anjuran individu atau syarikat yang tidak diberikan lesen atau diluluskan oleh pihak berkuasa yang berkenaan.

Orang ramai boleh merujuk kepada senarai institusi berlesen yang dibenarkan mengambil deposit, di laman sesawang Bank Negara Malaysia, www.bnm.gov.my.

Orang ramai juga boleh menghubungi Bank Negara di BNMTELELINK (Pusat Perhubungan Pelanggan) Tel: 1-300-88-5465, Fax: 03-21741515 atau emel: bnmtelelink@bnm.gov.my, untuk pertanyaan lanjut.

-- BERNAMA