NEW ZEALAND UNITES WITH APEC ECONOMIES AGAINST PROTECTIONISM

KUALA LUMPUR, Nov 20 (NNN-BERNAMA) — New Zealand has joined Asia-Pacific Economic Cooperation (APEC) leaders in calls against protectionism, urging APEC to continue to commit towards keeping markets open and trade flowing.   Prime Minister Jacinda Ardern said trade has been the engine of growth and prosperity in the region since APEC…

Malaysia’s RCEP participation, Budget 2021 set to lure more FDIs

By Zairina Zainudin KUALA LUMPUR, Nov 19 (NNN-BERNAMA) – Malaysia’s expansionary Budget 2021 that aims to revitalise the economy, coupled with its participation in the Regional Comprehensive Economic Partnership (RCEP) Agreement, is putting the country in a strategic position to lure more foreign investments, economic experts said. They believe Malaysia, which…

Sarawak Customs foils attempt to smuggle in frozen chicken parts at Bintulu port

KUCHING, Nov 19 (NNN-BERNAMA) — The Royal Malaysian Customs Department in Sarawak today announced it has foiled an attempt to smuggle into the state 250,500 kg of frozen chicken parts valued at RM1.03 million. Sarawak Customs director Herman Shah Abdullah said the 16,700 cartons of chicken wings, tails and leg quarters…

Petronas calls for stronger regional collaboration towards low-carbon future

KUALA LUMPUR, Nov 19 (NNN-BERNAMA) — Petroliam Nasional Bhd (Petronas) has called for ASEAN governments, energy players as well as the public and private sectors to collaborate and collectively leverage each other’s strengths in achieving a sustainable, low-carbon future. To-date, it said ASEAN member countries have collectively endorsed ambitious targets that seek to improve energy efficiency, limit emissions…

Malaysia’s anti-graft agency remands telco officer to probe SMS fraud syndicate

PUTRAJAYA, Nov 19  (NNN-BERNAMA) — A senior sales officer with a telecommunications company has been remanded for five days starting today to facilitate investigation into a corruption case involving a short messaging system (SMS) fraud syndicate. So far, 18 individuals including two with ‘Datuk’ title have been remanded since Nov 10 after…

Biden’s admin likely to have multilateral approach in trade – Singapore PM

KUALA LUMPUR, Nov 19 (NNN-BERNAMA) — US President-elect Joe Biden’s administration is likely to have a more constructive and multilateral approach in trade with other countries, especially within the Asia-Pacific Economic Cooperation (APEC) region, said Singapore Prime Minister Lee Hsien Loong. He said APEC has made slow progress in the past…

APEC needs to prioritise climate change, environment preservation

KUALA LUMPUR, Nov 19 (NNN-NNN) — Climate change and preservation of the environment should be among the priorities of the Asia-Pacific Economic Cooperation (APEC) from now on, said APEC CEO Dialogues Malaysia 2020 chair Datuk Ruben Emir Gnanalingam. In making the call at the opening of the two-day virtual dialogues, he…

Decision to allow 80 MPs for Parliament sitting does not contravene Federal Constitution – Speaker

KUALA LUMPUR, Nov 9 (NNN-BERNAMA) — The decision to allow only 80 MPs to attend the Dewan Rakyat (Lower House of the Malaysian Parliament) per sitting remained the hot topic at the Parliament today, prompting Speaker Datuk Azhar Azizan Harun to reiterate that the decision did not contravene the Federal Constitution. He…

Helicopter crash involving G2CA a first in Malaysia, 45th in a decade

By Mohd Faizal Hassan KUALA LUMPUR, Nov 9 (NNN-BERNAMA) — The accident involving two Guimbal Cabri G2 (G2CA) helicopters, which saw one of them crashing in Taman Melawati near Malaysia’s Klang Valley town on Sunday is the first such incident in the country involving the aircraft model. A search on the aviation…

Foreign investors turn net buyers after 8 weeks of net outflow

KUALA LUMPUR, Nov 9 (NNN-BERNAMA) — After eight consecutive weeks of net outflows, the local equity market has rebounded as foreign investors turned net buyers on Bursa Malaysia, acquiring RM115.2 million net of local equities last week compared to RM190.1 million disposed in the preceding week. Bank Islam Malaysia Bhd economist Adam…