Upward revision in global growth a boon for Malaysia’s trade – minister

By Nurul Jannah Kamaruddin KUALA LUMPUR, June 10 (NNN-Bernama) — The latest upgrade in global economic growth for this year bodes well for Malaysia and is set to contribute positively to the country’s trade performance, said Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz. The World Bank has recently revised…

Cautious sentiment ahead of FOMC meeting to weigh on Malaysian ringgit next week

By Zairina Zainudin KUALA LUMPUR, June 10 (NNN-Bernama) — Cautious market sentiment is expected to influence Malaysian ringgit’s movement versus the US dollar next week, with external factors remain as the main culprit. Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said investors would be…

Caution seen on Bursa Malaysia next week ahead of US interest rate decision

By Durratul Ain Ahmad Fuad & Karina Imran KUALA LUMPUR, June 10 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, is expected to see cautious trading next week ahead of an interest rate decision in the United States on Wednesday.  SPI Asset Management managing director Stephen Innes said local investors would…

Palestine-Malaysia friendship parliamentary caucus can be leveraged to support Palestine cause

By Nabilah Saleh KUALA LUMPUR, June 10 (NNN-Bernama) — The Malaysian Parliament could leverage its Palestine-Malaysia friendship caucus to show solidarity towards the Palestinian cause and help the League of Parliamentarians for Al Quds (LP4Q) put strong pressure on Israel. Head of Palestine-Malaysia Friendship Committee, Syed Ibrahim Syed Noh, said as the LP4Q membership platform transcends race, religion and political affiliation…

Malaysia offers condolences to India over train tragedy

NEW DELHI, June 4 (NNN-Bernama) — Malaysia has offered its condolences to India over Friday’s train disaster that left hundreds of people dead or wounded. Foreign Minister Dr Zambry Abdul Kadir condoled the deaths and wished recovery to those injured in the accident in the eastern state of Odisha. “We…

Cambodia puts on spectacular opening ceremony for 2023 ASEAN Para Games

PHNOM PENH, June 4 (NNN-Bernama) — The 2023 ASEAN Para Games (APG) was officially opened with pomp and pageantry at Morodok Techo National Stadium here Saturday night with the participation of over 2,000 amazing athletes from all over the South East Asian region. With the theme ‘Sports: Live In Peace’, the opening ceremony…

Singapore’s PM Lee COVID-19 positive again

By Massita Ahmad SINGAPORE, June 1 (NNN-Bernama) — Singapore Prime Minister Lee Hsien Loong is experiencing a COVID-19 ‘rebound’, after showing his last negative result on Sunday (May 28) and returning to work on Monday (May29). “I feel fine but I am afraid I have turned COVID-19 positive again,” he said…

Bursa Malaysia opens in cautious mode, US debt jitters continues

KUALA LUMPUR, June 1 (NNN-Bernama) — Jitters surrounding the United States (US) debt ceiling deal continued to dampen investors’ sentiments Thursday morning. At 9.20 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) continued its downtrend, falling by 5.78 points to 1,381.34 from 1,387.12 at Wednesday’s close. The key index opened 3.82 points weaker at 1,383.30. The broader market was…

Malaysian ringgit strengthens against US dollar in early session

By Abdul Hamid A Rahman and Siti Radziah Hamzah KUALA LUMPUR, June 1 (NNN-Bernama) — The Malaysian ringgit traded higher against the US dollar in the early session Thursday following the positive developments on the United States (US) debt limit negotiations. At 9 am, the local note rose to 4.6070/6110…

Malaysian DPM Fadillah visits Port of Antwerp-Bruges

BRUSSELS, June 1 (NNN-Bernama) — Malaysian Deputy Prime Minister, Fadillah Yusof visited the Port of Antwerp-Bruges International (PoABI) as part of his official visit to Belgium on Wednesday. Situated 80km from the North Sea on the River Scheldt, PoABI is the second largest international container port in Europe and the 14th globally.…