Indonesia’s export levy decision will not impact CPO demand — Malaysian minister

PETALING JAYA (Malaysia), Sept 23 (NNN-Bernama) — Demand for Malaysia’s crude palm oil (CPO) is expected to remain stable despite the Indonesian government’s recent decision to extend its export levy waiver for the commodity.  Given that there is a huge demand for CPO right now, Indonesia’s move is not expected to have an impact…

Indonesia stresses on need to rearrange counter-terrorism strategy

JAKARTA, Sept 23 (NNN-Bernama) — Indonesia stressed the necessity to rearrange counter-terrorism strategy to curb current and future threats in cyberspace.  Indonesia’s Foreign Affairs Minister Retno Marsudi made the remark at the 12th Global Counter-Terrorism Forum (GCTF) Ministerial Meeting in New York on Wednesday. The GCTF meeting was held on…

Malaysia’s central bank says ringgit will continue to be ‘market determined’ amid rising US dollar

KUALA LUMPUR, Sept 23 (NNN-Bernama) — Bank Negara Malaysia (BNM) said it will continue to closely monitor and ensure orderly financial market conditions amid external developments that have led to persistent strength in the US dollar against almost all currencies, including the ringgit. However, the central bank said that “ringgit movements will continue to be…

Malaysia’s ex-DPM Ahmad Zahid acquitted of corruption case

SHAH ALAM (Malaysia), Sept 23 (NNN-Bernama) — Malaysia’s High Court here Friday acquitted and discharged former Deputy Prime Minister Dr Ahmad Zahid Hamidi on 40 charges of receiving bribes in connection with the Foreign Visa System (VLN). Judge Mohd Yazid Mustafa acquitted Ahmad Zahid, 69, who is also the president…

Malaysia’s January to August inflation rate rises 3.1 pct, in line with expectations

KUALA LUMPUR, Sept 23 (NNN-Bernama) — Malaysia’s inflation rate increased 3.1 per cent from January to August this year, in line with market expectations of 3.2 per cent for 2022. Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed attributed the rise to solid domestic demand, elevated commodity prices, and…

Thailand denies entry to Mynamar model who stood against the Junta

By Linda Khoo Hui Li BANGKOK, Sept 23 (NNN-Bernama) — A Myanmar model and beauty pageant contestant has been denied entry into Thailand. Han Lay, Miss Grand International Myanmar 2020, who spoke against the military coup at the pageant last year has been denied entry after arriving at Suvarnabhumi Airport…

ASEAN should accelerate actions to heighten energy security

By Voon Miaw Ping KUALA LUMPUR, Sept 23 (NNN-Bernama) — ASEAN should accelerate pre-emptive action to heighten energy security in the region, taking a cue from the current energy crisis in Europe unleashed by the fallout from the Russia-Ukraine conflict. Consumers and governments across Europe continue to struggle with soaring…

Analysis: the masks are off but a disaster is not inevitable

By Nina Muslim KUALA LUMPUR, Sept 23 (NNN-Bernama) – The headlines are everywhere, even as masks are not. And if trends continue, wearing a mask in public will become even rarer. Over a week ago, World Health Organisation director-general Tedros Adhanom Ghebreyesus said at a briefing that the end of…

Malaysian ringgit marginally lower vs US dollar at opening

By Anas Abu Hassan KUALA LUMPUR, Sept 23 (NNN-Bernama) — The Malaysian ringgit opened marginally lower against the US dollar on Friday due to the lack of buying momentum as demand for the greenback remained strong on the back of its safe-haven status, a dealer said. At 9 am, the…

Malaysia shoot down Thailand 5-3 on penalties to enter King’s Cup final

KUALA LUMPUR, Sept 23 (NNN-Bernama) — Malaysia beat Thailand 5-3 on penalties after a 1-1 draw during regulation play at the 700th Anniversary of Chiangmai Stadium in Thailand Thursday night, to move into the final of the 48th King’s Cup. Malaysia who took the lead through La’Vere Corbin Ong in…