A stronger baht could derail economic recovery, says Thailand’s MPC

By Linda Khoo Hui Li BANGKOK, June 3 (NNN-BERNAMA) – Thailand’s Monetary Policy Committee (MPC) has expressed concerns over a stronger baht, saying that it could derail the kingdom’s economic recovery. Assistant Governor of Bank of Thailand (BoT) and Secretary of MPC Titanun Mallikamas said the 2020 economic outlook was…

Singapore authorities commence joint investigation into Hyflux

SINGAPORE, June 3 (NNN-BERNAMA) — Singapore authorities have launched a joint investigation into Hyflux Ltd and its current and former directors for suspected false and misleading statements and breaches of disclosure requirements. The authorities involved are the Commercial Affairs Department (CAD) of the Singapore Police Force, the Monetary Authority of Singapore (MAS)…

Malaysia reports single digit COVID-19 cases for 3 consecutive days

KUALA LUMPUR, June 3 (NNN-BERNAMA) — Malaysia is seen as gaining the upper hand in eliminating the COVID-19 pandemic as positive cases continue to decline, allowing the opening of more economic sectors for the benefit of all segments of society. As the country enters the final six days of the…

PM to launch short-term economic recovery plan this month – Tengku Zafrul

KUALA LUMPUR, June 2 (NNN-BERNAMA) — The Short-Term Economic Recovery Plan for June to December 2020 period will be launched by Prime Minister Tan Sri Muhyiddin Yassin this month, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.  Tengku Zafrul said the plan would still focus on three key objectives, namely to empower people, propel…

Belarusian man claims trial to obstructing cops, violating CMCO

PORT DICKSON, June 2  (NNN-BERNAMA) — A Belarusian man was charged at the Port Dickson Magistrate’s Court today with obstructing civil servants from carrying out their duties and crossing state borders without permission last Sunday. Danilov Illia, 29, pleaded not guilty after the two charges were read to him before Magistrate Siti Huzaifah…

Prasarana targets 1.4 million passengers daily for rail service

PETALING JAYA, June 2 (NNN-BERNAMA) — Prasarana Malaysia Berhad (Prasarana) is aiming at 1.4 million passengers daily to use its rail transportation service in the Klang Valley over the next five years, said its chairman Datuk Seri Tajuddin Abdul Rahman. He said the target was based on a projected increase of 10 per…

IATA urges governments to implement ICAO’S Covid-19 takeoff guidelines

KUALA LUMPUR, June 2 (NNN-BERNAMA) — Governments worldwide have been urged to quickly implement the International Civil Aviation Organisation (ICAO’s) global guidelines for restoring air connectivity; Making this call, International Air Transport Association (IATA) director-general and chief executive officer Alexandre de Juniac said the ICAO Council had on Tuesday approved the Takeoff: Guidance for…

Cooperation needed from all to fight new challenges of COVID-19

KUALA LUMPUR, June 2 (NNN-BERNAMA) — Today marks the 30th day of Malaysia’s imposition of the Conditional Movement Control Order (CMCO), with one more week left before it ends on June 9. The government had previously announced that the CMCO which began on May 4 until May 12 would enable certain…

Malaysians in US advised to avoid protest areas, follow curfew orders

KUALA LUMPUR, June 2 (NNN-BERNAMA) — Malaysians in the United States have been advised to stay clear of areas of protests and abide by the curfews imposed after thousands of US citizens across the country took to the streets following the death of a man during a police arrest in…

SRC trial: Najib ‘had no knowledge’ of RM42 mln SRC money in his accounts – Lawyer

KUALA LUMPUR, June 2 (NNN-BERNAMA) — The defence in the case of Datuk Seri Najib Tun Razak’s SRC International Sdn Bhd trial today insisted that the former premier had no knowledge that the RM42 million that was transferred into his personal accounts was from the company. Lawyer Harvinderjit Singh said one of…