Malaysia Critically Needs Trade-based Solutions, Says Central Bank

KUALA LUMPUR, Aug 23 (NNN-Bernama) — Malaysia critically needs trade-based solutions to ease liquidity constraints brought by COVID-19 pandemic, said Bank Negara Malaysia (Malaysia’s central bank) assistant governor Adnan Zaylani Mohamad Zahid. He said the pandemic, which led to subdued domestic demand and stringent containment measures, had resulted in a…

Bursa Malaysia: Foreign Investors Remain As Net Buyers With RM6.6 Mln Inflow Last Week

By Zairina Zainudin KUALA LUMPUR, Aug 23 (NNN-Bernama) — Foreign investors remained as net buyers of local equities on Bursa Malaysia last week, although the inflow had declined to RM6.6 million from RM14.0 million net bought in the preceding week. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said investors…

Malaysia’s New PM Ismail Sabri Starts Work Officially

PUTRAJAYA, Aug 23 (NNN-Bernama) — Malaysian Prime Minister Ismail Sabri Yaakob on Monday started work officially at Perdana Putra here. Ismail Sabri, arrived at the main block of Perdana Putra building, which houses the Prime Minister’s Office, at about 8.25 am. Ismail Sabri, 61, took his oath of office as…

Over 55 Pct Of Malaysia’s Adult Population Fully Vaccinated

KUALA LUMPUR, Aug 23 (NNN-Bernama) — Some 55.6 per cent of Malaysia’s adult population, or 13,022,246 individuals, have completed both doses of the COVID-19 vaccination as of Sunday, according to the COVID-19 Vaccine Supply Access Guarantee Special Committee (JKJAV). An infographic shared on the committee’s official Twitter also showed that…

Malaysian Ringgit Opens Higher Versus US Dollar On Improved Sentiment

By Zairina Zainudin KUALA LUMPUR, Aug 23 (NNN-Bernama) — The Malaysian Ringgit rose against the US dollar in early trade Monday as improved market sentiment following the certainty in Malaysia’s political environment helped lift investors’ risk appetite. At 9 am, the local note stood at 4.2300/2340 versus the greenback compared…

Malaysia’s New PM Looks Forward To Visiting Singapore, Strengthen Existing Bilateral Relations

KUALA LUMPUR, Aug 22 (NNN-Bernama) — Malaysian Prime Minister Ismail Sabri Yaakob said he looks forward to visiting Singapore and meet his Singaporean counterpart Lee Hsien Loong to discuss existing bilateral relations both countries have shared for many years. Thanking Lee for reaching out to congratulate him on his appointment…

More Than 25 Million COVID-19 Vaccine Doses Dispensed As of Wednesday – Malaysian Health Minister

KUALA LUMPUR, Aug 12 (NNN-Bernama) — A total of 25,863,563 doses of the COVID-19 vaccine have been dispensed through the National COVID-19 Immunisation Programme as of Wednesday. Health Minister Dr Adham Baba, through an infographic on his Twitter, said, 16,347,422 doses were administered to the first dose recipients and 9,516,141…

ASEAN Banks See Rising Asset Risks On Virus Surge, But Credit Strength Will Remain Intact

KUALA LUMPUR, Aug 11 (NNN-Bernama) — For banks in ASEAN countries and India, COVID-19 outbreaks triggering strict containment steps will impede economic recovery and erode borrowers’ debt repayment capacity, increasing their asset risks, Moody’s Investors Service said in a new report. However, banks’ strong loss-absorbing buffers, policy support and the…

Heads of States of Central Asia Emphasises Cooperation In Energy, Transport Corridors

KUALA LUMPUR, Aug 9 (NNN-Bernama) — The recent Consultative Meeting of the Heads of States of Central Asia, held in Avaza in Turkmenistan, paid special focus to the establishment of favourable conditions for the partnership in the energy sphere and the expansion of cooperation between the region’s countries in the transport-communications field. This was particularly through the maintenance and…

Move Initiated to Separate Functions of Malaysia’s AG and Public Prosecutor – Minister Takiyuddin

KUALA LUMPUR, July 23 (NNN-Bernama) — Malaysian government has initiated a move that will see the attorney-general (AG) no longer also serving as the public prosecutor. Minister in the Prime Minister’s Department (Parliament and Law) Takiyuddin Hassan in a statement Friday said the government was making plans to separate their…