Indian and Pakistani PMs to attend SCO summit in Uzbekistan

NEW DELHI, Sept 15 (NNN-Bernama) — The prime ministers of India and Pakistan are attending the two-day Shanghai Cooperation Organisation (SCO) summit starting in Uzbekistan on Thursday. Prime Minister Shehbaz Sharif will be accompanied by Foreign Minister Bilawal Bhutto Zardari at the annual meeting of the Council of Heads of…

Malaysian ringgit stays above RM4.52 vs US dollar in early trade

KUALA LUMPUR, Sept 15 (NNN-Bernama) — The Malaysian ringgit stayed above RM4.52 level against the US dollar at the opening Thursday as the greenback continued its relentless rise towards an all-time high in response to the United States’ latest bullish core Producer Price Index (PPI) data. At 9.05 am, the local currency…

Tourism Malaysia holds truly Malaysia roadshows in Russia, Uzbekistan, Kazakhstan, Turkiye

KUALA LUMPUR, Sept 15 (NNN-Bernama) — Tourism Malaysia via its overseas offices in Russia, Uzbekistan, Kazakhstan and Turkiye is organising Truly Malaysia roadshows to reconnect tourists to Malaysia. Tourism Malaysia in a statement said the first roadshow held in Moscow would be followed by others in Tashkent, Almaty and Istanbul from Sept 12 to 20. The roadshows provide a platform…

No need for IMF loan, Malaysia is not bankrupt — Finance Minister

KUALA LUMPUR, Sept 15 (NNN-Bernama) —  Malaysian Finance Minister Tengku Zafrul Tengku Abdul Aziz has asserted that the International Monetary Fund (IMF) never stated that Malaysia has economic problems that will cause the country to go bankrupt, instead it is confident of the country’s growth prospects. S&P Global Ratings also expects that Malaysia’s economic…

Malaysia natural rubber production up 21.2 pct in July

KUALA LUMPUR, Sept 14 (NNN-Bernama) — Malaysia’s natural rubber (NR) production increased by 21.2 per cent month-on-month (m-o-m) in July 2022, said the Department of Statistics Malaysia (DoSM). Year-on-year comparison showed that the production of NR decreased by 21.8 per cent, it said in a statement today. “Production of NR in July 2022 for Malaysia…

Malaysian ringgit slips to a new 24-year low vs US dollar

By Siti Noor Afera Abu KUALA LUMPUR, Sept 14 (NNN-Bernama) — The Malaysian ringgit slipped further to a fresh 24-year low against the US dollar at the opening on Wednesday, in line with lower oil prices as more investors shifted towards safe-haven assets. At 9.05 am, the local currency slid…

Malaysia not in an economic crisis despite ringgit’s value against US dollar

KUALA LUMPUR, Sept 14 (NNN-Bernama) — Malaysia is not experiencing an economic crisis just because the ringgit is trading at a low level against the United States (US) dollar, said Finance Minister Tengku Zafrul Tengku Abdul Aziz. He explained that the ringgit’s performance should be viewed holistically, not just in…

29 Malaysian duped by fake job offers in Cambodia to be brought home from end-Sept

By Rosmalis Anuar PUTRAJAYA, Sept 13 (NNN-Bernama) — Twenty-nine Malaysians who were victims of fake job scams in Cambodia will be brought back to Malaysia in stages beginning end-September. They are currently being detained by the immigration authorities in Cambodia. Malaysian Ambassador to Cambodia Eldeen Husaini Mohd Hashim said the…

Malaysia to procure new COVID-19 vaccine for elderly, children with chronic diseases

PUTRAJAYA, Sept 13 (NNN-Bernama) — Malaysia’s Ministry of Health (MOH) will procure a new variant of the COVID-19 vaccine, especially for children with chronic diseases and the elderly, said Minister Khairy Jamaluddin. He added that the vaccine will be administered free of charge, but not to all groups as the coronavirus situation…

Inflation, supply disruptions top risks for emerging Asia over next 12-18 months — Moody’s

KUALA LUMPUR, Sept 13 (NNN-Bernama) — Inflation and supply chain disruptions are deemed the biggest risks over the next 12-18 months in Emerging Asia (EA), but Southeast Asian economies will increasingly benefit from supply chain diversification, according to Moody’s Investors Service. Moody’s senior vice-president Jacintha Poh said given the supply…