Asia-Pacific economy in better position, still in recovery mode — Moody’s Analytics

KUALA LUMPUR, July 21 (NNN-Bernama) — The economy in the Asia-Pacific (APAC) region is in a better position, with many countries still in expansion or recovery mode from the pandemic. In a research note Thursday, Moody’s Analytics said, however, if conditions outside of the APAC region continue to deteriorate, recession risks will increase,…

Islamic financial market plays a role in helping global decarbonisation

KUALA LUMPUR, July 21 (NNN-Bernama) — The Islamic financial market is expected to play a huge role in helping the world to decarbonise via the issuances of green sukuks, says Eastspring Al-Wara’ Investments senior fund manager Chow Kim Seng. He said Malaysia, along with the rest of ASEAN, is fast-tracking sustainable and responsible…

Malaysian ringgit opens weaker against US dollar

By Harizah Hanim Mohamed KUALA LUMPUR, July 21 (NNN-Bernama) — Malaysian ringgit extended its decline and opened easier Thursday as the uncertain global markets weighed on investors’ risk appetite for risky assets, said a dealer. At 9 am, the local currency slipped to 4.4550/4570 versus the greenback from Wednesday’s close…

COVID subvariant ba.2.75 found in Thailand

By Linda Khoo Hui Li BANGKOK, July 21 (NNN-Bernama) — Thailand has detected the first case of Omicron BA.2.75 sub-variant in the southern province of Trang. The Centre for Medical Genomics at Ramathibodi Hospital said the samples were among specimens collected on June 28. “Analysis of whole-genome sequencing has confirmed…

Uncertain outlook for global economy in 2023 magnifies risks in all sectors — Moody’s Analytics

KUALA LUMPUR, July 19 (NNN-Bernama) — The uncertain outlook for the economy in 2023 magnifies risks across all sectors, says Moody’s Analytics.  In a report on the global debt themed “A threat to government fiscal stability”, it said a weaker economy with higher inflation and interest rates would jeopardise government fiscal…

Thailand expects tourism revenue of up to 2.38 trillion baht in 2023

By Linda Khoo Hui Li BANGKOK, July 19 (NNN-Bernama) — Thailand’s tourism industry hit hard by the COVID-19 pandemic is set to generate revenue up to 2.38 trillion baht in 2023. Tourism Authority of Thailand (TAT) Governor Yuthasak Supasorn said in a best-case scenario, Thailand is expected to generate revenue…

Sulu group’s claims: Malaysian PM gives assurance to protect country’s assets

PUTRAJAYA (Malaysia), July 19 (NNN-Bernama) — In regard to Sulu Group claims, Malaysian Prime Minister Ismail Sabri Yaakob gave assurance that the government will protect the country’s assets using every all channels available. “They (Sulu Group) brought the case to court, so we will also protect our assets through legal…

Freeze on entry of Indonesian workers: Malaysia agrees in principle to integrate system with Indonesia

KUALA LUMPUR, July 19 (NNN-Bernama) — Malaysia agrees in principle to integrate the system with Indonesia on the recruitment of foreign workers into the country, said Human Resources Minister M. Saravanan. He said the move was to enable both countries to have information on the entry of Indonesian workers into Malaysia. “During our…

ASEAN launches online consumer learning system to increase awareness

By Mohd Iswandi Kasan Anuar JAKARTA, July 19 (NNN-Bernama) — The ASEAN Committee on Consumer Protection has launched a consumer online learning tools or Learning Management System (LMS) to increase consumer awareness and vigilance across the region. The development of the LMS is supported by the German Agency for International…

Malaysia introduces comprehensive security doctrine

PUTRAJAYA (Malaysia), July 19 (NNN-Bernama) — Malaysia has introduced the Comprehensive Security (COMSEC) Doctrine to enable the responsibility of maintaining national security to be shouldered proactively by all the government machinery and the people from all walks of life. Prime Minister Ismail Sabri Yaakob said the COMSEC doctrine, introduced by…