Malaysia’s apex court rejects ex-PM Najib’s bid to review guilty verdict

PUTRAJAYA (Malaysia), March 31 (NNN-Bernama) —  Malaysia’s Federal Court in a 4-1 majority judgment Friday dismissed former Prime Minister Najib Razak’s application to review his conviction and 12 years jail sentence and fine for misappropriation of RM42 million (US$9.5 million) in SRC International Sdn Bhd funds. The majority decision was read out…

Bursa Malaysia opens higher following Wall Street’s positive performance

KUALA LUMPUR, March 31 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened higher in line with Wall Street’s positive performance overnight.  At 9.09 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.76 points to 1,427.37 from Thursday’s close of 1,424.61. The main index opened 0.18 of-a-point higher at 1,424.79. Market breadth was positive…

Malaysian ringgit opens higher against US dollar

By Karina Imran KUALA LUMPUR, March 31 (NNN-Bernama) — Malaysian ringgit opened higher against the weakening greenback ahead of the release of the United States (US) core personal consumption expenditure (core PCE) inflation data later today, said an analyst.  At 9 am, the local note strengthened to 4.4120/4170 versus the US…

Malaysia-Singapore discuss bilateral relations, cooperation in Hainan – PM Anwar

PUTRAJAYA (Malaysia), March 30 (NNN-Bernama) — The Saudi Arabian government on Thursday donated 35 tonnes of dates under the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud gift programme for distribution to all Muslims in Malaysia in conjunction with Ramadan this year. The government also donated 17,000 copies of…

Great future prospects as Malaysia-Vietnam celebrate 50th anniversary of bilateral relations

By Rosmalis Anuar KUALA LUMPUR, March 30 (NNN-Bernama) — Thursday March 30, 2023 marks a historic milestone for Malaysia and Vietnam as both Southeast Asian countries celebrate the 50th anniversary of the establishment of bilateral relations. Noting that ties between both countries are more than cordial, Pacific Research Centre Principal…

Malaysia’s central bank works with ASEAN to make cross-border payments a reality by 2025

KUALA LUMPUR, March 30 (NNN-Bernama) — Malaysia, together with four ASEAN countries will participate in the next phase of multilateral cross-border payment connectivity known as Project Nexus, said Bank Negara Malaysia (BNM). According to the BNM’s Annual Report 2022 released Thursday, it aims to translate the current Nexus solution into an…

FIFA removes Indonesia as hosts of U-20 World Cup

By Mohd Iswandi Kasan Anuar JAKARTA, 30 March (NNN-Bernama) — The International Football Federation (FIFA) has removed Indonesia as organiser of this year’s Under-20 World Cup after several of the country’s politicians objected Israeli team’s participation. The decision came after a meeting between FIFA president Gianni Infantino and Indonesian Football Federation…

Malaysian ringgit opens lower against US dollar

By Karina Imran KUALA LUMPUR, March 30 (NNN-Bernama) — Malaysian ringgit opened lower against the greenback as the US Dollar Index (DXY) was slightly higher by 0.20 per cent to 102.64 overnight, said an analyst.  At 9 am, the local note fell to 4.4170/4220 versus the US dollar compared with…

Bursa Malaysia opens lower on profit-taking

KUALA LUMPUR, March 30 (Bernama) — Profit-taking in blue chips following Wednesday’s gains dragged Malaysia’s stock exchange Bursa Malaysia’s main index to open lower. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.86 points to 1,417.49 from yesterday’s close of 1,420.35. The main index opened 2.54 points lower at 1,417.81. Market breadth, however,…

Malaysia campaigns to join the executive board of UN-Habitat

BANGKOK, March 30 (NNN-Bernama) — Malaysia is launching another bid to become a member of the Executive Board of the United Nations Human Settlements Programme (UN-Habitat), at the 10th Asia-Pacific Forum on Sustainable Development (APFSD), which is taking place here.  Local Government Development Minister Nga Kor Ming is attending the four-day forum with more than 1,300…