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R3. 2 million buys you this exclusive new Mercedes-AMG E53 Edition 1
R3. 2 million buys you this exclusive new Mercedes-AMG E53 Edition 1

IOL News

time11-07-2025

  • Automotive
  • IOL News

R3. 2 million buys you this exclusive new Mercedes-AMG E53 Edition 1

The Edition 1 comes with a raft of extras aimed at the enthusiast. Mercedes-AMG has unleashed its E53 Hybrid 4Matic+ Edition 1 model in South Africa, featuring an exclusive colour palette and a 'meticulously curated' list of high-value options. Only 12 units will be available locally, priced at R3,228,200, a significant premium over the 'standard' E53, which costs a shade over R2.5 million, but exclusivity and meticulous curation don't come cheap these days. To that end, the E53 Edition 1 flaunts an AMG Exterior Carbon Package, AMG Night Package, and larger forged alloy wheels, at 21 inches versus the regular version's 20" rims. The cabin treats occupants to AMG Performance seats and the MBUX Superscreen with hybrid-specific displays, which stretches across the dashboard and includes a screen for the front passenger. This model is also set apart by yellow seatbelts, an AMG Performance steering wheel in Nappa leather and Dinamica microfibre, and exclusive AMG badging provides an additional garnish.

Record-setting RM1.2mil raised at school's 91st anniversary dinner
Record-setting RM1.2mil raised at school's 91st anniversary dinner

The Star

time04-06-2025

  • General
  • The Star

Record-setting RM1.2mil raised at school's 91st anniversary dinner

Children delivering an energetic performance at SJK (C) Hun Bin's 91st anniversary celebration at Che Hoon Khor Moral Uplifting Society's hall in Macalister Road. — Courtesy photos SJK (C) HUN Bin in Penang celebrated its 91st anniversary in grand fashion, raising a historic RM1,228,888 at a fundraising dinner – the highest amount ever collected in the school's history. School board chairman Keong Chee Khoon said the proceeds would be used to enhance the multipurpose hall, improve the teachers' workspaces and implement new initiatives aimed at creating a more sustainable and comfortable learning environment for pupils and staff. He said Penang tycoon Tan Sri Tan Kok Ping also made a generous contribution by funding the installation of air-conditioners in six classrooms, a solar-energy system, and air conditioners for the multipurpose hall. The event, jointly organised by the school's board of governors, the Parent-Teacher Association (PTA) and the teaching faculty, welcomed over 600 guests at the Che Hoon Khor Moral Uplifting Society's hall in Macalister Road. A musical performance complements a thoughtfully produced documentary on the school's history. The evening featured 20 captivating performances that seamlessly blended traditional and contemporary elements, highlighting the diverse talents and collaborative spirit of pupils and teachers. The programme opened with a heartfelt rendition of the school anthem by the school community, followed by a historical documentary which traced the school's 91-year journey and sparked nostalgia among alumni and educators. It also featured outstanding performances by pupils that included the choir, dance team, wushu team, Chinese Yoyo troupe, and the Boys' Brigade. The music for the opening and closing performances was specially arranged for the celebration and featured the combined talents of the school's choir, teachers, parents and pupils. In her welcome address, school principal Cheryl Tey said: 'Every brick and tile of our school represents a foundation for life. Hun Bin is a place where dreams are nurtured and the future of education is uplifted.'

Gold falls Rs2,600 on global slowdown
Gold falls Rs2,600 on global slowdown

Express Tribune

time26-05-2025

  • Business
  • Express Tribune

Gold falls Rs2,600 on global slowdown

Globally, gold prices rose for a third straight session, helped by a softer dollar and safe-haven demand amid economic and geopolitical uncertainty. photo: Reuters Local gold prices declined on Monday, tracking a slowdown in the international bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold dropped by Rs2,600 per tola, settling at Rs351,500 in the local market. The price of 10-gram gold also fell by Rs2,228, closing at Rs301,354. The downturn comes after a notable gain over the weekend when gold prices surged by Rs3,100 per tola on Saturday to hit Rs354,100. Globally, gold prices also saw a dip on Monday. The international rate stood at $3,331 per ounce (including a $20 premium), reflecting a decrease of $26, according to APGJSA. Adnan Agar, Director at Interactive Commodities, noted that market activity was subdued due to a US bank holiday, with early closure and minimal trading volumes. "The market is practically flat today. The high was $3,356, while the low touched $3,323. It's currently hovering around $3,335," he said. Agar added that the recent easing of trade tensions between the US and Europe also contributed to the decline. The issue of additional European tariffs, hinted at by former President Donald Trump on Friday, was resolved over the weekend after discussions with the European Union. Trump agreed to delay the tariffs, which led to pressure on gold prices. He further predicted that prices may continue to slide once international markets resume full operations on Tuesday. Meanwhile, the Pakistani rupee recorded a minor loss against the US dollar on Monday, slipping by 0.03% in the inter-bank market. The local currency closed at 282.06, down by Rs0.09 from the previous session, according to data released by the State Bank of Pakistan (SBP). During the preceding week, the rupee had also weakened slightly, depreciating by Rs0.31 or 0.11%, ending at 281.97 against the greenback compared to 281.66 a week earlier. "At the close of the trading session, the Pakistani rupee depreciated by 0.03% day-on-day (DoD) against the US dollar, settling at 282.06. On a calendar year-to-date (CYTD) basis, the rupee has weakened by 1.24%, while the depreciation stands at 1.32% on a fiscal year-to-date (FYTD) basis," wrote Ismail Iqbal Securities. On the global front, both the euro and the US dollar gained ground against traditional safe-haven currencies like the Japanese yen and Swiss franc. The uptick followed former US President Donald Trump's announcement of a July 9 deadline for finalising a trade agreement with the European Union, effectively withdrawing his earlier threat of imposing a 50% tariff starting June 1.

Gold prices drop in global, local markets
Gold prices drop in global, local markets

Express Tribune

time26-05-2025

  • Business
  • Express Tribune

Gold prices drop in global, local markets

Listen to article Gold prices saw a decline in both global and local markets today, as a weakening demand caused significant price drops. The price of gold in the international bullion market fell by $26 per ounce, settling at $3,331 after a three-day break. Following the global downturn, local gold markets also witnessed a price reduction. On Monday, the price of 24-karat gold dropped by Rs2,600 per tola, bringing it to Rs351,500. Similarly, the price of gold per 10 grams also saw a decline of Rs2,228, now priced at Rs301,354. In contrast, silver prices remained stable. The price of one tola of silver stood unchanged at Rs3,508, while the price for 10 grams was also steady at Rs3,007. On Saturday, gold prices had increased in line with an upward trend in the international market. In the local market, the price of gold per tola rose to Rs354,100, reflecting a gain of Rs3,100 during the day.

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