Malaysia’s palm oil stocks rise 9.6 pct to 2.31 mln tonnes in September

KUALA LUMPUR, Oct 10 (NNN-Bernama) — Malaysia’s total palm oil stocks rose by 9.60 per cent to 2.31 million tonnes in September from 2.11 million tonnes in August, according to the Malaysian Palm Oil Board (MPOB). In its latest industry performance report for September 2023, MPOB said crude palm oil…

Malaysia’s resilient domestic demand, larger expenditure to underpin robust medium-term growth — Fitch Ratings

KUALA LUMPUR, Oct 10 (NNN-Bernama) — Malaysia’s resilient domestic demand and a larger development expenditure outlined in the second phase of the 12th Malaysia Plan “will underpin robust medium-term growth at 4-5 per cent,” according to Fitch Ratings.” It said the immediate risks to the stability of Malaysia’s coalition government…

Indonesia issues travel advisory for Palestine, Israel

By Mohd Iswandi Kasan Anuar JAKARTA, Oct 10 (NNN-Bernama) — Indonesia has issued a travel advisory advising its citizens to postpone their trips to Palestinian and Israeli territories. The Foreign Ministry, in a statement Tuesday, said in the interest of Indonesians’ safety, it is encouraging those with pre-planned trips to…

Malaysia determined to ensure faster approval for investments – PM Anwar

KUALA LUMPUR, Oct 10 (NNN-Bernama) — Prime Minister Anwar Ibrahim said Malaysia will take immediate steps to enhance the ease of doing business in the country by expediting approval for projects. Anwar said this was important as many investors have voiced their concerns with regard to the delay in approvals.…

State of emergency declared in Indonesia’s Central Kalimantan due to severe air pollution, forest fires

JAKARTA, Oct 6 (NNN-Bernama) — Authorities in Indonesia’s Central Kalimantan have officially declared a state of emergency for the next 10 days, starting Friday, following severe air pollution and reduced visibility caused by ongoing forest and land fires. Governor H Sugianto Sabran said the air pollution index reached hazardous levels on Oct 3,…

Baby girl dies after being left inside car in Malaysia

KUALA LUMPUR, Oct 6 (NNN-Bernama) — An eight-month-old baby girl died after allegedly being left inside a car for almost eight hours by her mother at the parking lot of a hospital in Cheras, southeast of Kuala Lumpur, on Thursday. Cheras Police chief ACP  Zam Halim Jamaluddin said the mother, who is…

Malaysia has made major strides in energy transition, ease of doing business – PM Anwar

From Kamarul Ariffin Md Yassin ABU DHABI, Oct 6 (NNN-Bernama) — Malaysia has made major strides in its energy transition efforts as well as in improving the ease of doing business in the country, said Prime Minister Anwar Ibrahim. Speaking to captains of industry during a roundtable meeting in the United Arab…

Vast opportunities for Malaysia, UAE in trade, investments

From Kamarul Ariffin Md Yassin ABU DHABI, Oct 6 (NNN-Bernama) — Malaysia foresees vast trade and investment opportunities for Malaysia and the United Arab Emirates (UAE) to seize, said Investment, Trade and Industry Minister Tengku Zafrul Tengku Abdul Aziz. He said the UAE has always been a gateway for Malaysia to enter the…

Malaysia-UAE investment cooperation to boost existing relationship, foster greater progress — PM Anwar

From Kamarul Ariffin Md Yassin ABU DHABI, Oct 6 (NNN-Bernama) — Malaysia and the United Arab Emirates (UAE) will solidify their investment cooperation to boost their existing relationship and foster greater progress, said Prime Minister  Anwar Ibrahim. He said to that effect, investment cooperation between both nations has been further consolidated through a…

Malaysian ringgit continues to strengthen vs US dollar in early trade

KUALA LUMPUR, Oct 6 (NNN-Bernama) — The Malaysian ringgit has continued to strengthen against the US dollar in the early trade Friday as the US Dollar Index (DXY) fell 0.44 per cent to 106.33 points. At 9 am, the local note rose to 4.7205/7255 against the greenback from Thursday’s close of 4.7255/7300. Bank Muamalat Malaysia Bhd chief…