PMI: August data for ASEAN shows improvement in business condition

KUALA LUMPUR, Sept 5 (NNN-Bernama) — The Purchasing Managers’ Index (PMI) data for August 2022 signalled an eleventh monthly improvement in business conditions across the ASEAN manufacturing sector. In its Global ASEAN Manufacturing PMI report, S&P Global Market Intelligence said growth was supported by quicker upturns in production levels and new factory orders.…

APAC emerging market companies to outperform developed market companies — Moody’s

KUALA LUMPUR, Sept 5 (NNN-Bernama) — The earnings growth of Asia-Pacific (APAC) emerging market (EM) companies is set to outperform that of developed market (DM) companies, Moody’s Investors Service said. However, the ongoing political tensions and uncertain economic conditions will present risks to recovery, according to a new report by Moody’s Monday. Moody’s…

Teh tarik and guitar session start the ball rolling for Singapore DPM’s inaugural visit to Malaysia

SINGAPORE, Sept 5 (NNN-Bernama) — Singapore’s Deputy Prime Minister and Finance Minister Lawrence Wong who arrived in Kuala Lumpur on Sunday for a four-day working visit, started the ball rolling with a casual teh tarik (pulled tea) and guitar session with Malaysian Finance Minister Tengku Zafrul Abdul Aziz. The teh tarik diplomacy in fact began when Wong took on Facebook…

Malaysia’s central bank to hike OPR by another 25 bps this week, Moody’s Analytics predicts

KUALA LUMPUR, Sept 5 (NNN-Bernama) — Bank Negara Malaysia (central bank) is expected to hike its overnight policy rate by 25 basis points to 2.5 per cent this week, its third consecutive rate hike, aiming to help ease the country’s inflation coupled with a robust economic rebound, says Moody’s Analytics.…

Malaysia’s HDC to provide 200 halal-skilled, professional talents to Australia

By Karina Imran MELBOURNE, Sept 5 (NNN-Bernama) — Malaysia’s Halal Development Corporation Bhd (HDC), through its Halal Apprentice Program (HAP) offered by Malacca Industrial Skills Development and Entrepreneurship Centre (Misdec) is expected to provide job placement for 200 halal-skilled and professional talents to be groomed and sent to Australia. Misdec…

Malaysian Space Board agrees to gov’t ratifying international space treaty

PUTRAJAYA (Malaysia), Aug 26 (NNN-Bernama) — The Malaysian Space Board, which convened for the first time Thursday, agreed in principle that the government ratify the international space treaty in line with the country’s priorities and interests, according to a Ministry of Science, Technology and Innovation (MOSTI) statement Friday. MOSTI said the…

Suspended Thai PM Prayuth continues his routine as defence minister

By Linda Khoo Hui Li BANGKOK, Aug 26 (NNN-Bernama) — Prayuth Chan o-cha who is awaiting for the constitutional court’s decision to see if he could continue as Thailand’s prime minister in the meantime is continuing with his routine as the defence minister. Thai Ministry of Defence distributed photos of…

Malaysia supports OPEC’s call for global oil market stability

KUALA LUMPUR, Aug 26 (NNN-Bernama) — Malaysia remains steadfast in its commitment to support the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) in the proactive efforts to maintain the stability of the global oil market amid prevailing uncertainties and volatility. Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed…

Amber alerts in Thailand to help find missing children

BANGKOK, Aug 26 (NNN-Bernama) — Meta, the parent company for Facebook, and Thailand’s Central Investigation Bureau (CIB) of the Royal Thai Police launched AMBER Alerts on Facebook and Instagram in Thailand to help find missing children. Thailand is the 27th country globally and the sixth in Asia Pacific with AMBER Alerts. In…

Nasi lemak, durian sought after at Malaysian food week in Beijing

From Hasnah Jusid BEIJING, Aug 26 (NNN-Bernama) — Nasi lemak, durian and satay are very much sought after by Chinese nationals in this city and the embassy communities at the Malaysia Truly Asia Festival (MTAF) 2022 Food Week that kicked off Thursday. A visitor, Zhou Xin, 55, who found out…