Saturday, September 05
Malaysia plans to ban social media for users under the age of 16 starting from next year, joining a growing list of countries choosing to limit access to digital platforms due to concerns about child safety. Communications Minister Fahmi Fadzil said on Sunday the government was reviewing mechanisms used to impose age restrictions for social media use in Australia and other nations, citing a need to protect youths from online harms such as cyberbullying, financial scams, and child sexual abuse. "We hope by next year that social media platforms will comply with the government's decision to bar those under the age of 16 from opening user accounts," he told reporters, according to a video of his remarks posted online by local daily The Star. The effects of social media on children's health and
Gold prices dipped on Monday, weighed down by a firm dollar near six-month highs and diminished prospects of a December interest rate cut by the U.S. Federal Reserve. FUNDAMENTALS * Spot gold was down 0.3% at $4,051.48 per ounce, as of 0132 GMT. * U.S. gold futures for December delivery edged 0.7% higher to $4,049.50 per ounce. * The dollar climbed to a near six-month high on Friday, as signs of faster U.S. job growth in September suggested that the U.S. central bank is likely to pause cutting interest rates in December. * A stronger dollar makes greenback-priced gold more expensive for other currency holders. * Minutes from the Fed October meeting, released on Wednesday, showed policymakers cut interest rates but warned the move could risk entrenched inflation and erode public confidence
