Bursa Malaysia regains ground at the open

KUALA LUMPUR, Dec 27 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, regained some ground at the opening bell on Wednesday, rising a marginal 0.13 per cent amid lacklustre market action following a quiet trading day on Tuesday. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) added…

100 Nepalese who joined Russian army missing, says foreign minister

By Shakir Husain NEW DELHI, Dec 27 (NNN-Bernama) — Around 100 Nepalese citizens serving in the Russian army are missing or injured in fighting with Ukraine. It is believed that about 200 Nepalese who went to Russia for work, study or travel purposes later joined the army and Nepal has…

UNGA can suspend Israel as attacks on Gaza continue – analyst

By Voon Miaw Ping KUALA LUMPUR, Dec 26 (NNN-Bernama) — The United Nations General Assembly (UNGA) should vote to suspend Israel for its ongoing war on Gaza and the decades long Apartheid policies against the Palestinian people, an analyst said. Director of Hashim Sani Centre for Palestine Studies at Universiti…

Flood situation in three Malaysian states worsens

KUALA LUMPUR, Dec 26 (NNN-Bernama) — The flood situation in three Malaysian states — Kelantan, Terengganu and Pahang — continued to worsen, with more evacuees placed in temporary relief centres this morning compared to Monday night. In Kelantan, the number of flood victims rose to 12,572 people from 3,860 families…

Malaysian capital market rides out global volatility in 2023

By Nurul Jannah Kamaruddin KUALA LUMPUR, Dec 26 (NNN-Bernama) — As they say, when the United States (US) sneezes, the world catches a cold. Global markets have been seesawing erratically since the beginning of the year when the US was shaken by a series of bank failures which led to…

Malaysian ringgit bullish despite long holiday

By Abdul Hamid A Rahman KUALA LUMPUR, Dec 26 (NNN-Bernama) — The Malaysian ringgit has continued to rise against the US dollar, opening higher on the first trading day of the last trading week for the year, although the ongoing long holiday season saw many investors on the sidelines, an…

Bursa Malaysia mixed in early trade

By Kisho Kumari Sucedaram KUALA LUMPUR, Dec 26 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened mixed Tuesday, taking its cue from Wall Street’s muted performance amidst the holiday mood, a dealer said. At 9.06 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.07 to 1,456.45 from…

Malaysian economy to grow 4.5 pct to 5.5 pct in 2024 — RAM Ratings

KUALA LUMPUR, Dec 12 (NNN-Bernama) — Malaysia’s economic momentum is expected to steadily improve heading into next year, with gross domestic product (GDP) set to grow by 4.5 per cent to 5.5 per cent in 2024 from an estimated 4.0 per cent this year, according to RAM Rating Services Bhd…

Israeli-owned ships banned from docking in Malaysia – PM Anwar

KUALA LUMPUR, Dec 20 (NNN-Bernama) — The Malaysian government has decided to no longer accept ships with the Israeli flag to dock in the country with immediate effect. Prime Minister Anwar Ibrahim said the government has also imposed a ban on any ship en route to Israel from loading cargo…

COP28: World set to ‘transition away’ from fossil fuels

By Soon Li Wei KUALA LUMPUR, Dec 20 (NNN-Bernama) – After two weeks of negotiations, nearly 200 countries adopted the first-ever Global Stocktake at the just concluded UN climate change conference in Dubai, United Arab Emirates (UAE). The aim of the global stocktake is to help nations align their national…