Malaysia maintaining 4-5 pct GDP growth forecast for 2023

KUALA LUMPUR, Oct 3 (NNN-Bernama) — Malaysia is maintaining its 2023 gross domestic product (GDP)  growth forecast of 4.0-5.0 per cent, said Deputy Finance Minister I, Ahmad Maslan.  “The Finance Ministry has not made any changes with regard to the economic growth projection for this year. “However, we do appreciate the World Bank’s statement…

Malaysia rises to 18th spot in Global Financial Inclusion Index

KUALA LUMPUR, Oct 3 (NNN-Bernama) — Malaysia has advanced two places to the 18th most financially inclusive market out of 42 markets analysed globally, according to the 2023 Global Financial Inclusion Index by Principal Financial Group (Principal) and the Centre for Economics and Business Research. Consumer data showed a significant positive increase in perceptions…

Singapore strongly condemns bombing in Ankara

SINGAPORE, Oct 3 (NNN-Bernama) — Singapore has strongly condemned the bombing near the Turkish Interior Ministry in Ankara, which injured two police officers, said the republic’s Ministry of Foreign Affairs (MFA).  “We wish the injured a speedy recovery,” said the ministry’s spokesperson in a statement issued here on Tuesday.  MFA noted that there…

Korea travel fest 2023 to showcase K-Culture in Kuala Lumpur

KUALA LUMPUR, Oct 3 (NNN-Bernama) — The Korea Travel Fest 2023, scheduled to take place here from Oct 28-29, aims to immerse Malaysians into the South Korean K-Culture while fostering their interest in visiting the country.  This travel festival, which will be held at the KLCC Convention Centre in conjunction with…

Malaysia airports record over 11 mln passenger movements in August 2023

KUALA LUMPUR, Oct 3 (NNN-Bernama) — Malaysia Airports Holdings Bhd (MAHB) has continued to record more than 11 million for the second consecutive month in August 2023 at its network of airports in Malaysia and Turkiye. The airport operator said Malaysia accounted for more than 66 per cent or 7.4 million…

Malaysian ringgit eases vs US dollar in early trade as investors hold dollars

By Harizah Hanim Mohamed KUALA LUMPUR, Oct 3 (NNN-Bernama) — The ringgit continued to trade on the back foot Tuesday, opening lower against the US dollar following better-than-expected United States’ (US) ISM Manufacturing Index data. Analysts said that this prompted traders to increase their bets on a November rate hike…

Bursa Malaysia opens marginally lower

By Kisho Kumari Sucedaram KUALA LUMPUR, Oct 3 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, extended Monday’s losses to open marginally lower Tuesday, in line with Wall Street’s mixed performance and the United States (US) Manufacturing Purchasing Managers Index (PMI) data which showed that the sector remained in contraction mode, a dealer…

Malaysia needs to formulate medium to long-term revenue strategy — World Bank

KUALA LUMPUR, Oct 2 (NNN-Bernama) — It is high time for Malaysia to have a proper medium to long-term revenue strategy to restore its fiscal buffers, said the World Bank. World Bank lead economist Apurva Sanghi said Malaysia’s revenue as a share of the gross domestic product (GDP) has been…

Malaysia-New Zealand bilateral ties now stronger than ever – King

KUALA LUMPUR, Oct 2 (NNN-Bernama) — Malaysian King Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah said bilateral ties between Malaysia and New Zealand are now stronger than ever, and this is mainly because both countries understand each other’s economic needs and sensitivities. His Majesty said the strong ties were evident from the visits…

New Zealand Governor-General accorded state welcome in Malaysia

KUALA LUMPUR, Oct 2 (NNN-Bernama) — New Zealand Governor-General Dame Cindy Kiro was accorded a state welcome at Malaysia’s national palace here Monday, in conjunction with her maiden four-day visit to the country which began Sunday. On arrival at 11 am, Kiro and her husband Dr Richard Davies, were greeted by the Malaysian King Al-Sultan Abdullah…