Bursa Malaysia opens lower

KUALA LUMPUR, March 10 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened lower Friday, taking its cue from Wall Street’s slide overnight on concerns of bigger rate hikes in the United States (US) and weakness in the regional markets. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 6.85…

Malaysian ringgit slips vs US dollar ahead of US NFP report

By Rosemarie Khoo Mohd Sani KUALA LUMPUR, March 10 (NNN-Bernama) — Malaysian ringgit opened lower versus the US dollar this morning as the greenback strengthened ahead of the release of the United States (US) nonfarm payrolls (NFP) data later Friday, analysts said.  At 9 am, the local note eased to 4.5200/5245 versus the greenback…

Former Malaysian PM Muhyiddin charged with corruption, money laundering

KUALA LUMPUR, March 10 (NNN-Bernama) — Former Malaysian Prime Minister Muhyiddin Yassin was charged in the Sessions Court here Friday with four counts of corruption to solicit bribes amounting to RM232.5 million (US$51.4 million) and two counts of money laundering involving RM195 million (US$43.15 million) (US$1 = RM4.52). Muhyiddin, 75, who…

Thailand hopes to welcome 5.8 mil European tourists

By Linda Khoo Hui Li BANGKOK, March 9 (NNN-Bernama) — Tourism Authority of Thailand (TAT) is showcasing the ‘Visit Thailand Year 2023: Amazing New Chapters’ campaign at ITB Berlin 2023, as the kingdom looks to attract 5.8 million tourists from the Europe market.  Tourism Authority of Thailand (TAT) Governor Yuthasak Supasorn…

Malaysia’s Former PM Muhyiddin arrested, to be charged in court Friday

PUTRAJAYA (Malaysia), March 9 (NNN-Bernama) — The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Muhyiddin Yassin was arrested Thursday and will be charged in a Kuala Lumpur court Friday. MACC, in a statement, said Muhyiddin will be slapped with several charges under the MACC Act 2009 and Section 4(1)b of the…

Algeria, Malaysia need to cooperate in education — ambassador

By R.Ravichandran KUALA LUMPUR, March 9 (NNN-Bernama) — Algeria and Malaysia need to work together to undertake twinning programmes and develop cooperation between their universities as well as carry out joint research projects, said Algeria’s ambassador to Malaysia Saad Maandi. Maandi said with regards to cooperation between Algeria and Malaysia in the field of higher education,…

Malaysian gov’t has not ‘ruled out’ bringing back GST – deputy minister

KUALA LUMPUR, March 9 (NNN-Bernama) — Malaysian government has not ‘ruled out’ the possibility of reintroducing the Goods and Services Tax (GST) in the future, said Deputy Finance Minister Ahmad Maslan. He said the government is still studying the impact of implementing the GST in the current economic situation and assessing…

Malaysia has strong, imperative commitment to ASEAN, China – minister

SINGAPORE, March 9 (NNN-Bernama) — Malaysia sees its commitment to ASEAN as a strategic imperative in its engagement with other ASEAN member states and China, said Malaysia’s International Trade and Industry Minister Tengku Zafrul Tengku Abdul Aziz. He noted that China is both Malaysia and ASEAN’s largest trading partner, adding that China and ASEAN…

Malaysia, Indonesia, Turkiye will be the largest sovereign sukuk issuers in 2023-2024 — Moody’s

KUALA LUMPUR, March 9 (NNN-Bernama) — Malaysia, Indonesia and Turkiye will be the largest sovereign issuers in 2023-2024, taking over from Saudi Arabia which accounted for the largest single share of long-term sovereign sukuk issuances over the past six years, according to Moody’s Investors Service. The rating agency expects the largest…

Malaysia will continue engagement with ASEAN members to find solution to Myanmar crisis

KUALA LUMPUR, March 9 (NNN-Bernama) — Malaysia will continue to engage with ASEAN member countries in finding a final solution to end the political crisis in Myanmar, said Foreign Minister Zambry Abd Kadir He said that this was because the conflict in Myanmar does not only need to be dealt with…