Malaysian ringgit extends losses vs US dollar in early session

By Anas Abu Hassan KUALA LUMPUR, June 21 (NNN-Bernama) — The Malaysian ringgit extended its downtrend to open lower against the US dollar in the early session Wednesday as investors continued to seek refuge in safe haven currencies on concerns over the global economic prospects, an economist said. At 9…

Bursa Malaysia opens lower, taking its cue from Wall Street

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, June 21 (NNN-Bernama) —  Bursa Malaysia, the stock exchange of Malaysia, opened lower Wednesday, taking its cue from Wall Street’s weaker performance overnight as strong housing data strengthened the prospect of higher interest rates, inadvertently taking the steam out of the weeks-long rally in…

Air India finalises orders for 470 aircraft at Paris Air Show

NEW DELHI, June 21 (NNN-Bernama) — Air India finalised deals for 470 aircraft from Airbus and Boeing on Tuesday at the 2023 Paris Air Show as the airline displays its ambitious growth plans. The carrier is buying 190 Boeing 737 MAXs, 20 Boeing 787 Dreamliners and 10 Boeing 777X jets…

Malay studies still going strong in China

By Hasnah Jusid KUNMING (China), June 21 (NNN-Bernama) – The writer was taken aback when a tall and bespectacled man greeted her in Bahasa Melayu (Malay language). “Apa khabar (How are you)?” he asked as soon as the writer stepped into Yunnan Minzu University in Kunming, the capital city of China’s…

Bursa Malaysia opens easier tracking global trend

KUALA LUMPUR, June 20 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened easier Tuesday tracking global bourses’ lacklustre performance on worries over China’s economy, dealers said. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.58 points to 1,384.75 from 1,387.33 at Monday’s close. The key index opened 0.09 of a point easier at 1,387.24. On…

Malaysian ringgit slips further against US dollar at early session

KUALA LUMPUR, June 20 (NNN-Bernama) — The Malaysian ringgit extended its losses when it opened lower against the US dollar Tuesday amid weaker market sentiment on the local currency, an economist said. At 9 am, the local note slipped to 4.6325/6385 against the greenback from 4.6265/6350 at Monday’s close. Bank…

Malaysia ranks 25 out of 123 countries in participation of UN peacekeeping missions

KUALA LUMPUR, June 19 (NNN-Bernama) — Malaysia ranks 25 out of 123 countries in terms of participation in United Nations peacekeeping missions as of March 31. Deputy Foreign Minister Mohamad Alamin said this made Malaysia one of the largest contributing countries in the number of members to UN peacekeeping missions,…

Malaysia’s move to Tier 2 Watch List of TIP has positive impact on trade sector – DPM

KUCHING, June 19 (NNN-Bernama) — Malaysia’s listing on the Tier 2 Watch List of the United State State Department’s annual Trafficking in Persons (TIP) Report 2023 has a positive impact on the country’s trade sector and counters negative perceptions related to the issue of forced labour in the country. Deputy Prime Minister …

Malaysia’s air passenger traffic up 123.6 pct y-o-y in 1Q 2023

KUALA LUMPUR, June 19 (NNN-Bernama) — Malaysia’s air passenger traffic grew 123.6 per cent year-on-year (y-o-y) to 19.4 million passengers in the first quarter of 2023 (1Q 2023), said the Malaysian Aviation Commission (Mavcom). The performance was attributed to the rise in international passenger traffic in tandem with the full reopening of the…

Malaysian PM announces measures to boost capital mart, create more wealth for people

KUALA LUMPUR, June 19 (NNN-Bernama) — Reducing stamp duty rate for shares traded on Bursa Malaysia Securities, promoting corporate ventures and easing the listing process were among the measures announced by Malaysian Prime Minister Anwar Ibrahim Monday to beef up the capital market and create more wealth for the people.  In the…