AirAsia boosts regional inbound tourism in Malaysia’s Penang with new Bali route

GEORGE TOWN (Malaysia), Oct 12 (NNN-Bernama) — Malaysia’s northern state of Penang is set to receive more inbound travellers with the launch of AirAsia’s new direct route from Bali, scheduled to start on Oct 20 this year. State Tourism and Creative Economy committee chairman, Yeoh Soon Hin said he was confident…

Malaysia to support modernisation of Cambodian plantation sector

KUALA LUMPUR, Oct 12 (NNN-Bernama) — Cambodia can be a land of opportunity for Malaysian downstream palm oil companies keen to tap overseas markets, said caretaker Plantations Industries and Commodities Minister Zuraida Kamaruddin. She said Cambodia, with its population of 17 million people, is a major importer of Malaysian agriculture products, especially palm…

Malaysia’s general election: which party, coalition will get the most votes?

By Nur Ashikin Abdul Aziz KUALA LUMPUR, Oct 12 (NNN-Bernama) — The mandate was once again returned to the people to elect the new Malaysia’s federal government in the 15th General Election (GE15), which will see at least five political coalitions contesting to secure as many parliamentary seats as possible,…

Indian Navy’s MIG-29K aircraft crashes off Goa

NEW DELHI, Oct 12 (NNN-Bernama) — A MIG-29K aircraft of the Indian Navy crashed off Goa on Wednesday. The aircraft was on a routine sortie over the sea when it developed a technical malfunction while returning to its base, the navy said in a statement. The pilot ejected safely and…

Malaysia’s IPI rises by 13.6 pct in August 2022

KUALA LUMPUR, Oct 12 (NNN-Bernama) — Malaysia’s Industrial Production Index (IPI) soared 13.6 per cent in August 2022 as compared to the same month of the previous year, the Department of Statistics (DoSM) said. In a statement Wednesday, it said the expansion of IPI was contributed by the manufacturing (15.2 per cent), electricity…

Malaysia’s wholesale and retail trade sales value surges 33.7 pct in August

KUALA LUMPUR, Oct 12 (NNN-Bernama) — The sales value of wholesale and retail trade in Malaysia set a new record again in August 2022, rallying 33.7 per cent year-on-year to RM133.7 billion (US$28.5 billion), the Department of Statistics Malaysia (DOSM) said. DOSM said the increase in wholesale and retail trade was attributed to the…

Malaysian ringgit flat vs US dollar in early trade

KUALA LUMPUR, Oct 12 (NNN-Bernama) —  The Malaysian ringgit opened flat against the US dollar this morning as investors await further market catalysts ahead of the guidance from the United States (US) Federal Open Market Committee (FOMC) meeting minutes, said a dealer.  At 9 am, the local currency stood at 4.6720/6760 against the greenback from Tuesday’s…

India, UAE discuss trade in national currencies

By Shakir Husain NEW DELHI, Oct 11 (NNN-Bernama) — India and the United Arab Emirates (UAE) have discussed using their national currencies for bilateral trade as the two countries seek to broaden their economic relations. Indian Commerce Minister Piyush Goyal and Abu Dhabi Executive Council member Sheikh Hamed Bin Zayed…

Increasing phishing attacks in Malaysia, Southeast Asia — Kaspersky

KUALA LUMPUR, Oct 11 (NNN-Bernama) — Phishing incidents continue to skyrocket in Southeast Asia with more than half of them targeting Kaspersky users in Malaysia, the Philippines, and Vietnam in the first half of 2022. Four out of six countries from Southeast Asia  — Malaysia, the Philippines, Thailand, and Vietnam —…

Malaysia’s jobless rate seen improving further to 3.5 pct in 2023

KUALA LUMPUR, Oct 11 (NNN-Bernama) — MIDF Research sees Malaysia’s jobless rate improving further, averaging 3.5 per cent in 2023, on the back of an improving domestic economy. An uptick in tourism-related activities and expansion of primary sectors such as commodities will provide further support, it said. The research house noted that the recovery of Malaysia’s…