Tharman Shanmugaratnam the new Singapore President

By Massita Ahmad SINGAPORE, Sept 2 (NNN-Bernama) — Tharman Shanmugaratnam is the new Head of State for Singapore after winning the Presidential race by a decisive margin on Friday. The former senior minister received 70.40 per cent of the votes while former Group Chief Investment Officer of GIC Pte Ltd Ng Kok…

Waste water discharged from nuclear power plant, Japan to monitor outcome closely

By Nabilah Saleh KUALA LUMPUR, Aug 24 (NNN-Bernama) — Japan began discharging the treated water from the Fukushima Daaiichi nuclear power plant into the sea at noon Thursday, and will monitor radioactivity levels in the sea and the surroundings with the International Atomic Energy Agency (IAEA). First Secretary of the Japanese embassy in…

Malaysian PM congratulates India for historic moon landing

KUALA LUMPUR, Aug 24 (NNN-Bernama) — Malaysian Prime Minister Seri Anwar Ibrahim has congratulated Prime Minister Narendra Modi and the people of India for the successful landing of Indian spacecraft Chandrayaan-3 on the southern polar region of the moon on Wednesday. In a Facebook post today, the prime minister said Malaysia also…

Four ASEAN countries including Malaysia to boost green energy interconnectivity

By Nurul Jannah Kamaruddin BALI, Aug 24 (NNN-Bernama) — Malaysia, Indonesia, Brunei and Philippines will form a sub-region focus group to boost existing interconnectivity for green energy sustainability. Dadan Kusdiana, the secretary-general of the Ministry of Energy and Mineral Resources of Indonesia, said the group of countries will embark on renewable energy (RE) cooperation that can be executed…

Bursa Malaysia higher in early session

By Siti Radziah Hamzah KUALA LUMPUR, Aug 24 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened on a better note Thursday morning, tracking Wall Street’s positive performance overnight.   At 9.30 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 5.52 points to 1,445.63 from 1,440.11 at Wednesday’s close, after opening 1.41 points better at 1,440.11.…

Malaysian ringgit opens higher against US dollar

By Karina Imran KUALA LUMPUR, Aug 24 (NNN-Bernama) — The Malaysian ringgit opened higher against the US dollar Thursday morning on weaker manufacturing purchasing managers index (PMI) flash estimates for advanced economies, said an analyst.  At 9 am, the local note rose to 4.6410/6455 against the greenback from 4.6575/6610 at Wednesday’s close. The…

Malaysian PM congratulates Srettha on becoming new PM of Thailand

KUALA LUMPUR, Aug 24 (NNN-Bernama) — Malaysian Prime Minister Anwar Ibrahim congratulated real estate mogul Srettha Thavisin on his election as the new Prime Minister of Thailand. Anwar said he also invited Srettha to visit the country in the near future to strengthen ties between Malaysia and Thailand in various fields.…

Malaysia not facing recession, but 2Q GDP reflects business cycle slowdown — economists

KUALA LUMPUR, Aug 18 (NNN-Bernama) — Malaysia’s second quarter gross domestic product (GDP) growth of 2.9 per cent reflects a “business cycle slowdown” rather than an impending recession, in line with global trends, economists said.  Socio-Economic Research Centre executive director Lee Heng Guie said the slower pace of growth was widely anticipated and inevitable given…

Malaysia can withstand risk from China’s slow economic growth — central bank

KUALA LUMPUR, Aug 18 (NNN-Bernama) — Malaysia’s well-diversified economy enables it to withstand risks from China’s slower economic growth as the country does not heavily depend on one particular trade partner or industry, said Bank Negara Malaysia (BNM) (central bank). BNM governor Abdul Rasheed Ghaffour said although China is Malaysia’s second-largest trade partner, it only…

Malaysia’s trade with ASEAN, China falls 17 pct, 8.4 pct in July

KUALA LUMPUR, Aug 18 (NNN-Bernama) — Malaysia’s trade with ASEAN represented 28.1 per cent or RM60.8 billion (US$1=RM4.64) of Malaysia’s total trade in July, a drop of 17 per cent in year-on-year (y-o-y), said the Ministry of Investment, Trade and Industry (Miti). Exports shrank by 18.8 per cent to RM34.53 billion,…