Singapore core inflation rises to 3.3 pct in October

SINGAPORE, Nov 23 (NNN-Bernama) — Singapore’s core inflation picked up to 3.3 per cent year-on-year (y-o-y) in October, from 3.0 per cent in September, said the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). In a joint statement today, MAS and MTI said the increase…

Malaysian ringgit opens lower against greenback on encouraging US economic data

KUALA LUMPUR, Nov 23 (NNN-Bernama) — The ringgit opened lower to extend its downtrend against the greenback on Thursday after the American dollar continued to strengthen on the back of encouraging US economic data, a trader said. At 9.05 am, the ringgit fell to 4.6825/6875 versus the greenback compared with Wednesday’s close of 4.6735/6805. ActivTrades trader Dyogenes Rodrigues Diniz said…

Bursa Malaysia opens marginally higher in cautious mode

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, Nov 23 (NNN-Bernama) — Bursa Malaysia opened marginally higher today in cautious mode, taking the cue from Wall Street’s rise overnight on optimism of a more benign US interest rate outlook and the easing in oil prices, a trader said. At 9.06 am,…

Malaysia strongly condemns IOF attacks on healthcare facilities in Gaza

KUALA LUMPUR, Nov 23 (NNN-Bernama) — Malaysia unequivocally condemns the countless attacks on healthcare facilities in the Gaza Strip by the Israeli Occupation Force (IOF) that have resulted in hundreds of Palestinians casualties. The Foreign Ministry in a statement Wednesday night said, Malaysia also deplores the recent attacks on a…

Russia agrees with Gaza resolutions from Arab-Islamic Summit, says Indonesian FM

JAKARTA, Nov 22 (NNN-Bernama) — Russia has agreed with the points of resolutions adopted during the Joint Arab-Islamic Extraordinary Summit in Riyadh, Saudi Arabia, specifically addressing the situation in Gaza, according to Indonesia’s Foreign Minister Retno Marsudi. This was due to a warm and open discussion on the Gaza issue…

Malaysia has implemented 16 FTAs, 62 bilateral IGAs to date

KUALA LUMPUR, Nov 22 (NNN-Bernama) — Malaysia has implemented 16 free trade agreements (FTAs) and 62 bilateral investment guarantee agreements (IGAs) to date, said Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz. He said Malaysia is currently negotiating new FTAs such as the Malaysia-European Free Trade Association (EFTA) Economic…

Malaysia remains preferred investment destination for data centres – minister

KUALA LUMPUR, Nov 22 (NNN-Bernama) — Minister of Communications and Digital Fahmi Fadzil has reiterated that Malaysia continues to be a preferred investment destination particularly for investments in data centres. He said there has been growing interest in what Malaysia could play with regards to hosting data centres and the…

Singapore’s economy grew 1.1 pct in 3Q — MTI

SINGAPORE, Nov 22 (NNN-Bernama) – Singapore’s economy grew by 1.1 per cent in the third quarter of 2023 (3Q 2023), faster than the 0.5 per cent growth in the previous quarter, said the Ministry of Trade and Industry (MTI). In a statement Wednesday, MTI said on a quarter-on-quarter, seasonally-adjusted basis,…

Singapore economy forecast to grow by 1.0 to 3.0 pct in 2024

SINGAPORE, Nov 22 (NNN-Bernama) – The Singapore economy is expected to grow by 1.0 to 3.0 per cent in 2024 after taking into account global factors and barring the materialisation of downside risks, according to the republic’s Ministry of Trade and Industry (MTI). In a statement Wednesday, MTI said Gross…

Malaysian ringgit retreats versus US dollar in early trade

By Siti Noor Afera Abu KUALA LUMPUR, Nov 22 (NNN-Bernama) — The Malaysian ringgit retreated from two consecutive days of gains to open lower against the US dollar on Wednesday due to the lack of interest in the local currency as market sentiments remain uncertain. At 9.03 am, the ringgit…