Malaysia to expand LCSF collaboration with high-trade-value countries

KUALA LUMPUR, Sept 25 (NNN-Bernama) — Malaysian government and central bank, Bank Negara Malaysia (BNM), will continue to expand the Local Currency Settlement Framework (LCSF) cooperation with other countries, especially nations that have a high bilateral trade value with Malaysia. Deputy Minister of Finance II Steven Sim Chee Keong said that although the…

Malaysia secures US$7.98 bln investment commitments in digital sector

PETALING JAYA (Malaysia), Sept 25 (NNN-Bernama) — Malaysia has secured over RM37.4 billion (US$7.98 billion) in investment commitments in the digital technology sector as of August 2023, promising the creation of at least 15,895 high-value jobs, said Communications and Digital Minister Fahmi Fadzil. He said that this remarkable achievement reflects foreign investors’ confidence…

Malaysia-China cooperation must flourish to build more sustainable economic ecosystem in ASEAN

From Mohd Fharkhan Abdul Ghapar BEIJING, Sept 25 (NNN-Bernama) — The strong bilateral cooperation between Malaysia and China must continue to flourish to build a more resilient, inclusive, and sustainable regional economic ecosystem as the ASEAN region has become one of the fastest-growing regions in 2023. Dewan Rakyat (lower house of Parliament)…

Apac to see resilient growth amid China slowdown — S&P

KUALA LUMPUR, Sept 25 (NNN-Bernama) — The Asia Pacific (Apac) remained a multi-speed region, with its developed economies undergoing soft landings and seeing low but positive growth, while the emerging market economies are poised for robust expansions, said S&P Global Ratings. S&P said it expected China to continue to contain its…

Malaysia’s FDI set to rise on friend-shoring as PM Anwar raises country’s profile

By Nurul Hanis Izmir KUALA LUMPUR, Sept 25 (NNN-Bernama) — Malaysia’s foreign direct investment is anticipated to rise more strongly, augmented by “friend-shoring” policies promoted by the US government and Prime Minister Anwar Ibrahim’s moves to enhance the country’s investment facilitation, said an economist. Sunway University economics professor Yeah Kim Leng said the prime…

Malaysia to hold talks with India over white rice export

JOHOR BAHRU (Malaysia), Sept 25 (NNN-Bernama) — Malaysia’s Ministry of Agriculture and Food Security (MAFS) hopes to hold a meeting with India’s Agriculture and Farmers’ Welfare Minister soon to find the best solution on the issue of white rice export restrictions. Its Minister Mohamad Sabu said that one of the…

Malaysia needs to keep up with other ASEAN countries, define leadership style to lead ASEAN

By Mohd Fharkhan Abdul Ghapar BEIJING,  Sept 25 (NNN-Bernama) — Malaysia must not only keep up with the development of the ASEAN countries but also define its leadership style to lead the power resurgence in the region, said Dewan Rakyat (lower house of Parliament) Speaker Johari Abdul. With Malaysia set to host the ASEAN Summit in…

Malaysian ringgit opens slightly higher against USD, seen in narrow range Monday

KUALA LUMPUR, Sept 25 (NNN-Bernama) — The Malaysian ringgit opened slightly higher against the US dollar Monday morning on mild demand for the domestic note. At 9.22 am, the local note rose to 4.6825/6860 against the greenback from Friday’s close of 4.6865/6920. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid…

Bursa Malaysia opens mixed, downside seen limited

KUALA LUMPUR, Sept 25 (NNN-Bernama) — Bursa Malaysia was mixed in early trade on Monday, in line with a muted Wall Street performance on Friday and amid a mixed regional performance. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.81 points to 1,448.42 from Friday’s close of 1,450.23. The index opened 0.40…

Singaporean tourist killed, 10 others injured as van plunges into ravine in Malaysia

BALIK PULAU (Malaysia), Sept 25  (NNN-Bernama) — A Singaporean woman died while 10 others were injured when a tourist van skidded before plunging into an over six-metre deep ravine at Bukit Genting in the state of Penang Sunday night. Seri Balik Pulau Fire and Rescue Station (BBP) Operations chief N. Prenavaran…