Thailand initiated informal talks with Myanmar to complement ASEAN’s efforts in ending violence – MFA

By Linda Khoo Hui Li BANGKOK, June 19 (NNN-Bernama) — Thailand’s caretaker government is hosting an informal meeting on Monday involving countries affected by the situation in Myanmar to help support ASEAN’s efforts to end the violence in the junta ruled neighbouring country. In a statement, Thailand’s Foreign Ministry (MFA) stated the informal meeting is…

Bursa Malaysia opens lower on cautious trade

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, June 19 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, retreated from its rebound last Friday to open lower on Monday, taking its cue from Wall Street’s weaker performance. Dealers said traders are cautious ahead of China’s rate decision and the United States…

Malaysian ringgit opens lower vs US dollar

By Anas Abu Hassan KUALA LUMPUR, June 19 (NNN-Bernama) — The Malaysian ringgit opened marginally lower against the US dollar on Monday amid ongoing cautious sentiments surrounding global growth. At 9 am, the local note fell to 4.6160/6205 against the greenback from 4.6130/6165 at the close last Friday.   Bank…

Muslims in Malaysia to celebrate Eid al-Adha on June 29

KUALA LUMPUR, June 19 (NNN-Bernama) — Muslims in Malaysia will celebrate Eid al-Adha on June 29 (Thursday), assistant secretary to the Conference of Rulers Mohd Aseral Jusman announced Sunday night.  “In adherence to the command of the Yang di-Pertuan Agong (Malaysian King), following the consent of the Rulers, on behalf of the…

EUDR will not affect Malaysia’s palm oil growth, revenue

By Kisho Kumari Sucedaram KUALA LUMPUR, June 14 (NNN-Bernama) — The implementation of the European Union Deforestation-free Regulation (EUDR) will not affect Malaysia’s palm oil growth and revenue as European Union imports are insignificant compared to other countries.  Malaysian Palm Oil Board (MPOB) chairman Mohamad Helmy Othman Basha said Malaysia exported about 1.5 million tonnes…

Bursa Malaysia opens higher in early trade

By Durratul Ain Ahmad Fuad KUALA LUMPUR, June 14 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened on a positive note on Wednesday, taking its cue from the Wall Street’s uptrend overnight after the United States’ (US) inflation data came in within expectation. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose…

Malaysian ringgit opens marginally lower against US dollar

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, June 14 (NNN-Bernama) — The Malaysian ringgit opened marginally lower against the US dollar Wednesday due to the lack of demand despite the lower US dollar index (DXY), said an analyst.  At 9 am, the local note eased to 4.6190/6240 versus the greenback from Tuesday’s close of 4.6115/6185.  Bank…

Two Prudential companies in Malaysia confirm affected by MOVEit cyber security incident

KUALA LUMPUR, June 14 (NNN-Bernama) — Prudential Assurance Malaysia Bhd (PAMB) and Prudential BSN Takaful Bhd (PruBSN) have confirmed that they have been affected by the global MOVEit data-theft attack, “where a zero-day vulnerability was exploited.” The two insurance companies said that as soon as they became aware of the breach, “we took action…

Malaysian PM denies claims that judiciary system used for political revenge

KUALA LUMPUR, June 11 (NNN-Bernama) — Malaysian Prime Minister Menteri Anwar Ibrahim denied claims that he was using the country’s judiciary system to seek political revenge against certain individuals. Anwar said instead he always respected the judiciary system in the country, including not interfering in decisions made by the Attorney-General or judges…

Online fraud a big issue for many countries — Malaysia’s deputy minister

By Massita Ahmad SINGAPORE, June 10 (NNN-Bernama) — Online fraud is a big issue not only for Malaysia but for many countries, said Deputy Minister of Communications and Digital Teo Nie Ching. According to Teo, this was from the findings of the G2G Ministerial Roundtable: Scams And AI Governance which she attended on the sidelines of the four-day Asia…