Pakistan raises concern about growing Islamophobia

NEW DELHI, Sept 20 (NNN-Bernama) — Pakistan raised its concern about the rise of Islamophobia during a meeting of the Contact Group on Muslims in Europe of the Organization of Islamic Cooperation (OIC). The meeting was held in New York on Monday on the request of Turkiye on the sidelines…

Malaysia’s palm products export for January-June 2022 reaches US$15.6 bln

MIRI (Malaysia), Sept 20 (NNN-Bernama) — Malaysia’s palm products export revenue increased significantly for the first six months of this year, totalling 14.05 million tonnes with a value of RM71.02 billion (US$15.6 billion) recorded during the period. Deputy Minister of Plantation Industries and Commodities Willie Mongin said in the same period…

Malaysia remains a destination for property investment for Chinese investors — Juwai IQI

KUALA LUMPUR, Sept 20 (NNN-Bernama) — Malaysia remains a destination for real estate investment for Chinese investors as the slowdown in the republic’s property market is leading to an increase in Chinese investment in overseas properties, especially in Southeast Asia. Juwai IQI said in a report that many Chinese buyers believe…

Malaysia’s exports jump 48 pct to RM141 bln in August

KUALA LUMPUR, Sept 20 (NNN-Bernama) — Malaysia’s trade remained sturdy in August 2022 with exports jumping 48.2 per cent to RM141.33 billion (RM1 = US$0.22), the 13th successive month of double-digit growth, the Ministry of International Trade and Industry (MITI) said. The trade surplus stood at RM16.92 billion as imports surged 67.6…

India’s OTT streaming service Aha enters Malaysia

KUALA LUMPUR, Sept 20 (NNN-Bernama) — ‘Aha’, an Indian subscription video on-demand and over-the-top (OTT) streaming service offering both Telugu and Tamil language content, is now available in Malaysia. The streaming platform, which was introduced to the Indian market in 2020, will be the first Indian OTT entity committed to…

South, Southeast Asian reinsurers improve underwriting but challenges remain — AM Best

KUALA LUMPUR, Sept 20 (NNN-Bernama) — Reinsurance companies in South and Southeast Asia (S/SEA) posted an improved combined ratio in 2021, although underwriting performance remains pressured with a continued reliance on investments to achieve bottom-line profitability, according to global credit rating agency, AM Best. The new Best’s Market Segment Report,…

Myanmar crisis: Malaysia reiterates its position for ASEAN to engage NUG, NUCC

KUALA LUMPUR, Sept 20 (NNN-Bernama) — Malaysia reiterated its call for ASEAN to better engage with Myanmar’s major stakeholders, namely the National Unity Government (NUG) elected by the people of Myanmar prior to the coup and the National Unity Consultative Council (NUCC), in dealing with the mounting crisis in the…

Malaysian ringgit opens marginally higher against US dollar

KUALA LUMPUR, Sept 20 (NNN-Bernama) — The Malaysian ringgit rebounded to open marginally higher against the US dollar today on renewed buying interest, despite the anticipation of a United States (US) interest rate hike, a dealer said. At 9 am, the local currency rose to 4.5470/5510 against the greenback from…

Experts hope Malaysian PM will call for urgent action on climate change at 77th UNGA

KUALA LUMPUR, Sept 20 (NNN-Bernama) — As some parts of the world are grappling with extreme weather conditions, experts hope that Malaysian Prime Minister Ismail Sabri Yaakob would call on global leaders to take urgent actions on climate change at the upcoming 77th United Nations General Assembly (UNGA). Professor and…

Five more Malaysian job scam victims return home from Cambodia

KUALA LUMPUR, Sept 20 (NNN-Bernama) — Five more Malaysians who had fallen victim to job scam syndicates in Cambodia returned home Monday. According to a statement issued by Foreign Ministry, the five individuals arrived at the Kuala Lumpur International Airport (KLIA) via MH755 flight at 2 pm. It said with this…