Malaysia’s economy expands 2.9 pct in 2Q 2023, on track to achieve 4-5 pct growth for 2023

By Siti Radziah Hamzah & Karina Imran KUALA LUMPUR, Aug 18 (NNN-Bernama) — Malaysia’s economy expanded by 2.9 per cent in the second quarter of 2023 (2Q 2023), supported by improving labour market and the continued increase in domestic demand and tourism activities, according to the Department of Statistics Malaysia. Chief statistician Mohd Uzir Mahidin…

Malaysia plane crash: police say only one body found intact

SHAH ALAM (Malaysia), Aug 17 (NNN-Bernama) — Malaysia’s Inspector-General of Police Razarudin Husain said among the victims of the light plane crash on an expressway near Shah Alam in the state of Selangor, Thursday afternoon, only the body of a motorcyclist was found intact. He said there were no survivors in…

Bursa Malaysia opens higher but retreats on profit-taking

KUALA LUMPUR, Aug 18 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened higher on Friday but retreated thereafter due to the extended profit taking in selected heavyweights, amidst mostly weaker sentiment in the regional bourses, dealers said. At 9.34 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.67 points to…

Malaysian ringgit opens higher as US dollar takes a breather

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, Aug 18 (NNN-Bernama) — The Malaysian ringgit opened higher against the US dollar after the greenback had eased amidst growing concerns about the United States Federal Reserve’s (Fed) direction and China’s economy, said analysts.  At the same time, all eyes are focusing on Malaysia’s gross domestic…

Bursa Malaysia opens lower

KUALA LUMPUR, Aug 17 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened lower on Thursday due to profit-taking in selected heavyweights, in line with the weaker sentiment in the regional bourses as investors remained concerned over the bearish economic outlook, dealers said. At 9.15 am, the FTSE Bursa Malaysia KLCI…

Malaysian ringgit opens easier as US dollar strengthens

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, Aug 17 (NNN-Bernama) — The Malaysian ringgit traded lower against the US dollar at the opening today as the US Dollar Index (DXY) strengthened by 0.20 per cent to 103.419 points.  Analysts said this came as the July Federal Open Market Committee (FOMC) meeting minutes revealed that the…

Malaysia, Singapore should collaborate in emerging areas like sustainability and climate change – envoy

KUALA LUMPUR, Aug 17 (NNN-Bernama) — Malaysia and Singapore should work together in new fields such as sustainability, climate change, and the digital economy, extending beyond the current areas of cooperation, said Singapore’s High Commissioner to Malaysia Vanu Gopala Menon.  Menon stressed that the Memorandum of Understanding (MOUs) signed between the two nations during Prime Minister Anwar Ibrahim’s visit…

Thai court rejects petition on Pita’s PM bid

By Linda Khoo Hui Li BANGKOK, Aug 16 (NNN-Bernama) — Thailand’s Constitutional Court on Wednesday rejected a petition to review the parliamentary decision that blocked the renomination of Move Forward Party (MFP) leader Pita Limjaroenrat’s second prime ministerial bid, dashing the party’s hope to form the next government.  The court said its…

Indonesia to leverage demographic edge, global trust – Jokowi

By Mohd Iswandi Kasan Anuar JAKARTA, Aug 16 (NNN-Bernama) — Indonesian President Joko Widodo said the country can grow to be among the world’s top five economies by 2045 by capitalising on its demographic advantages and international trust. “We need to make the most of this opportunity. If we miss…

Malaysia can play significant role on fostering peace in Ukraine, says Ukrainian lawmaker

By V. Sankara KUALA LUMPUR, Aug 16 (NNN-Bernama) — Malaysia can play a significant role on fostering peace in Ukraine by supporting the ten-point “peace formula” unveiled by President Volodymyr Zelensky aimed at addressing the Russian aggression within Ukrainian territory.  Chairman of the Committee on Foreign Affairs and Interparliamentary Ties of Ukrainian Parliament, Oleksandr Merezhko,…