Tourism Malaysia expanding marketing efforts in China

KUALA LUMPUR, Sept 11 (NNN-Bernama) — Tourism Malaysia is strengthening its marketing efforts in China through business sessions, seminars and networking efforts, emphasising promotions on the leisure market and niche segments, especially the Malaysia My Second Home (MM2H) programme. Gearing up for the next Visit Malaysia Year in 2026, the nation’s tourism promotion board…

Malaysia’s IPI rebounds to 0.7 pct in July 2023 – DOSM

KUALA LUMPUR, Sept 11 (NNN-Bernama) — Malaysia’s Industrial Production Index (IPI) rebounded to 0.7 per cent year-on-year (y-o-y) in July 2023, spurred by the mining and electricity sectors, said the Department of Statistics Malaysia (DoSM). Chief statistician Mohd Uzir Mahidin said the IPI returned to positive territory in July 2023, from the – 2.2 per cent…

Malaysian Govt’s revenue in 2023-2025 forecast at US$193.47 bln: report

KUALA LUMPUR, Sept 11 (NNN-Bernama) — The Malaysian Government’s revenue is seen at RM904.83 billion (US$193.47) (US$1=RM4.677) for the remainder of the 12th Malaysia Plan (12MP) from 2023 to 2025, resulting in a deficit of RM257.93 billion, the Ministry of Economy stated. For the whole of 2021-2025 period, revenue has been revised…

Adressing climate change vulnerabilities: Malaysia’s adaptation plan to be formulated

KUALA LUMPUR, Sept 11 (NNN-Bernama) – The Malaysian government is formulating a national adaptation plan to address current and future vulnerabilities to the impacts of climate change. According to the 12th Malaysia Plan (12MP) Mid-Term Review (MTR) released by the Ministry of Economy Monday, the plan will consist of adaptation measures in…

Malaysia Digital Inclusiveness Index to be developed

KUALA LUMPUR, Sept 11 (NNN-Bernama) — The Malaysia Digital Inclusiveness Index (MyDID) will be developed to measure the digital divide and enable targeted policy prescriptions, including resource allocation and talent development. The Mid-Term Review of the 12th Malaysia Plan (12MP), tabled in Parliament Monday, stated that programmes will be identified to increase digital…

12th Malaysia Plan set to achieve annual GDP growth of 5.0-5.5 pct in 2025: report

KUALA LUMPUR, Sept 11 (NNN-Bernama) — Malaysia’s economy is on track to grow between 5.0 and 5.5 per cent per annum for the remainder of the 12th Malaysia Plan (12MP), driven by domestic demand, particularly private sector expenditure.  According to the Mid-Term Review of the 12th Malaysia Plan (12MP MTR) 2021-2025 report, tabled in Parliament…

12th Malaysia Plan expenditure ceiling increased to US$88.75 bln – PM Anwar

KUALA LUMPUR, Sept 11 (NNN-Bernama) — The Malaysian government has raised the expenditure ceiling of the 12th Malaysia Plan (12MP) by RM15 billion (US$3.2 billion), bringing the total allocation to RM415 billion (US$88.75 billion) (US$1=RM4.676). Prime Minister Anwar Ibrahim said the raise was to increase the need to finance the…

Bursa Malaysia lower in early trade

KUALA LUMPUR, Sept 11 (NNN-Bernama) — Bursa Malaysia’s barometer index was lower in early trade in a cautiously optimistic market undertone amid modest strength on Wall Street. At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.92 points to 1,452.67 from 1,454.59 at Friday’s close. The barometer index opened at 1,453.72.   Rakuten Trade…

Malaysian ringgit opens strongly against the US dollar

By Abdul Hamid A Rahman KUALA LUMPUR, Sept 11 (NNN-Bernama) — The Malaysian ringgit opened on a strong note against the US dollar as well as most major Asian and non-Asian currencies, while the market eagerly anticipates the results of the Federal Open Market Committee (FOMC) meeting scheduled for Sept…

Malaysian communications minister’s trip to S Korea ends positively with more investment commitments secured

From Anas Abu Hassan SEOUL, Sept 9 (NNN-Bernama) — Malaysian Communications and Digital Minister Fahmi Fadzil’s inaugural official visit to South Korea ended on an optimistic note, with more investment commitments secured from the country’s digital and telecommunication companies and several strategic collaboration agreements made between the two countries. Following his…