Bursa Malaysia likely to move lower to 1,430 level next week

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, July 2 (NNN-Bernama) — Malaysia’s stock exchange, Bursa Malaysia, will likely move on a downward trend next week, easing to 1,430 points from the current 1,450 points as most stocks are still struggling to find their next direction, while traders are reassessing the…

Malaysian ringgit to trade around current level next week, OPR in focus

By Nurunnasihah Ahmad Rashid KUALA LUMPUR, July 2 (Bernama) — Malaysian ringgit is likely to trade around the current level of between 4.40 and 4.41 versus the US dollar next week, with all eyes on Bank Negara Malaysia’s Monetary Policy Committee meeting on July 6. Bank Islam Malaysia Bhd chief…

Tourism Malaysia launches roadshow in South Korea to boost tourist arrivals

KUALA LUMPUR, June 24 (NNN-Bernama) — Tourism Malaysia embarks on a two-week roadshow to South Korea from June 22 to July 1 to boost inbound tourism following the international border reopening on April 1. Tourism Malaysia in a statement said the launch of Malaysia Week and Travel Mart will take place in Seoul, and the Malaysia Week promotion…

Dialogues further strengthen ASEAN-India ties

KUALA LUMPUR, June 24 (NNN-Bernama) — The recently concluded Association of Southeast Asian Nations (ASEAN) and India’s 30th anniversary of dialogue relations will further strengthen ties between both sides with discussions very much focused on tapping trade and investment advantages post COVID-19 pandemic. Among others, there were persistent calls to review the…

Malaysia’s CPI rises 2.8 pct in May 2022

KUALA LUMPUR, June 24 (NNN-Bernama) — Malaysia’s Consumer Price Index (CPI) increased 2.8 per cent year-on-year to 126.6 in May 2022 from 123.1 in May 2021, according to the Department of Statistics. The department said the increase surpassed the average inflation in Malaysia for the January 2011-May 2022 period (1.9…

Malaysian F&B companies record US$2.31 mln sales during ASEAN trade fair 2022

KUALA LUMPUR, June 24 (NNN-Bernama) — Malaysian food and beverages (F&B) companies recorded US$2.31 million in total sales during the recent ASEAN Trade Fair 2022 organised by ASEAN-Korea Centre, held in conjunction with Seoul Food and Hotel 2022 in Seoul, South Korea. Coordinated by the Malaysia External Trade Development Corporation (MATRADE), five…

Singapore contributes US$50,000 humanitarian aid for Afghanistan earthquake victims

SINGAPORE, June 24 (NNN-Bernama) — Singapore will contribute US$50,000 as seed money to support the Singapore Red Cross’ public fundraising efforts towards the humanitarian crisis caused by the earthquake in Afghanistan on June 22. According to the republic’s Ministry of Foreign Affairs, the contribution will supplement the Singapore Red Cross’ commitment of…

Malaysian ringgit opens marginally higher against US dollar

KUALA LUMPUR, June 24 (NNN-Bernama) — Malaysian ringgit opened marginally higher against the US dollar Friday, ahead of Malaysia’s consumer price index (CPI) report for May 2022, scheduled to be released by the Department of Statistics Friday, said an analyst.  At 9.00 am, the local currency rose to 4.4020/4050 against the greenback from Wednesday’s close of 4.4045/4075.…

Book commemorating 30 years of ASEAN-India relations launched

KUALA LUMPUR, June 23 (NNN-Bernama) — A book commemorating 30 years of ASEAN-India relations providing useful insights on how both parties could take further steps to build and strengthen cooperation over the next 10 years was launched here Thursday.  The 239-page book titled ‘ASEAN-India: Strengthening Partnership and Post-Pandemic Future” edited by…

Construction of Indonesia’s core government area in Nusantara to start in August

JAKARTA, June 23 (NNN-Bernama) — The construction of Indonesia’s central government area in Nusantara, Borneo will begin in August, according to the country’s Ministry of Public Works and Housing. In a statement, Minister Basuki Hadimuljono said the initial phase of construction will be focused on the State Palace and infrastructures…