UN report on Myanmar: Singapore has taken principled position against junta’s use of lethal force

SINGAPORE, May 19 (NNN-Bernama) —  Singapore has taken a principled position against the Myanmar military’s use of lethal force against unarmed civilians. It has worked to prevent the flow of arms into Myanmar as called for in United Nations General Assembly (UNGA) resolution A/RES/75/287 “The Situation in Myanmar”. This is according…

Sell-offs among heavyweights weighs on Bursa Malaysia

KUALA LUMPUR, May 19 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened on a low note on Friday morning, dragged down by selling in the heavyweights, particularly Sime Darby Plantation and the financial services counters amidst weak market sentiment. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased…

Malaysian ringgit slips against greenback in early trade

By Kisho Kumari Sucedaram KUALA LUMPUR, May 19 (NNN-Bernama) — The ringgit slipped against the greenback at the opening Friday as the release of several United States (US) macroeconomic data boosted the US currency.  At 9 am, the local note declined to 4.5445/5480 versus the greenback from yesterday’s closing rate of 4.5365/5395. ActivTrades trader Dyogenes Rodrigues Diniz said…

Foreign envoys welcome Malaysia’s 5G policy

KUALA LUMPUR, May 19 (NNN-Bernama) — Malaysia’s Communications and Digital Minister Fahmi Fadzil said foreign ambassadors have welcomed the explanation and openness of the government towards the country’s 5G policy. He said this was following a briefing session the Ministry of Communications and Digital had with foreign ambassadors regarding the…

Fitch Solutions unit revises upward Malaysia’s 2023 GDP forecast to 4.2 pct

KUALA LUMPUR, May 16 (NNN-Bernama) — BMI, a Fitch Solutions company, has raised the forecast for Malaysia’s real gross domestic product (GDP) growth to 4.2 per cent in this year from 4.0 per cent previously following the better-than-expected 5.6 per cent expansion in the first quarter (1Q). The research company said Malaysia’s 1Q performance was well above consensus and…

Malaysian ringgit rises vs US dollar in early trade

By Nurul Jannah Kamaruddin KUALA LUMPUR, May 16 ( NNN-Bernama) — Malaysian ringgit improved versus the US dollar in early trade on Tuesday amid hopes for an agreement on raising the US debt ceiling. At 9 am, the local note rose to 4.4910/4935 versus the greenback from Monday’s closing rate of  4.4960/4985.  Bank Muamalat…

Bursa Malaysia higher in early trade amid improved regional sentiment

By Zairina Zainudin KUALA LUMPUR, May 16 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, was higher in early trade on Tuesday, with the benchmark index opening in positive territory as regional sentiment improved after Wall Street made gains overnight. At 9.06 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.75 points to 1,420.12 from 1,417.37…

7,000 arrested in crackdown on Imran Khan supporters

By Shakir Husain NEW DELHI, May 16 (NNN-Bernama) — More than 7,000 people have been arrested in the Pakistani government’s widening crackdown on opposition leader and former prime minister Imran Khan’s supporters across the country. “Thousands of people are under arrest without access to lawyers. They have been picked up…

Malaysia calls on international community to help end oppression of Palestinians

KUALA LUMPUR, May 16 (NNN-Bernama) — Malaysia is calling on the international community to come together and work towards an end to the oppression of Palestinians. Prime Minister Anwar Ibrahim said the time had come for all parties to gather strength with the goal of ending injustice to the Palestinian people. “To…

Thais go to the polls on Sunday, but senators could be the kingmakers

By Linda Khoo Hui Li BANGKOK, May 12 (NNN-Bernama) — Some 52 million eligible voters in Thailand will go to the polls on Sunday in a tight race where the outcome remains unpredictable, with the 250 senators appointed by prime minister Prayuth Chan-ocha could well be the kingmakers. The May 14 election is the battleground between democratic…