By Kisho Kumari Sucedaram KUALA LUMPUR, Jan 25 (NNN-Bernama) — The Malaysian ringgit extended its upbeat momentum to open higher versus the US dollar Wednesday, supported by renewed buying interest in the currency and improved sentiment on China’s continued opening for international travel, said an analyst. At 9 am, the ringgit climbed to 4.2755/2805 against…

From M. Saraswathi DAVOS (Switzerland), Jan 22 (Bernama) — ASEAN displayed sheer confidence and grit at the just-concluded World Economic Forum (WEF) 2023, conveying a positive outlook for the region while acknowledging that issues within the 10-member bloc can be dealt with amicably. And why not? According to the regional grouping’s statistics, ASEAN…

From M. Saraswathi DAVOS (Switzerland), Jan 21 (NNN-Bernama) — Malaysia and Singapore are set to sign a memorandum of cooperation (MOC) in digital and green economy, the first for Putrajaya amid the growth potential in both sectors, Minister of International Trade and Industry Tengku Zafrul Abdul Aziz said. Digital trade is among the fastest-growing…

From M. Saraswathi DAVOS (Switzerland), Jan 21 (NNN-Bernama) — After almost a decade since negotiations were officially put on hold, the Ministry of International Trade and Industry (Miti) is currently reassessing the Malaysia-European Union (EU) free trade deal. “The EU is keen to restart negotiations. We are open. We need to relook…

By Zarul Effendi Razali & Zufazlin Baharuddin KUALA LUMPUR, Jan 21 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, is expected to be muted in the upcoming holiday-shortened trading week despite the FTSE Bursa Malaysia KLCI (FBM KLCI) finally breaking the stubborn 1,500 resistance on Friday, dealers said. Rakuten Trade Sdn Bhd vice-president of equity research…

By Harizah Hanim Mohamed KUALA LUMPUR, Jan 21 (NNN-Bernama) — China’s continuing reopening narrative and the improved domestic economic sentiment, due to the decision to maintain the overnight policy rate (OPR) at 2.75 per cent, will keep the Malaysian ringgit supported next week, a dealer said. SPI Asset Management managing director Stephen Innes said China…

BATU GAJAH (Malaysia), Jan 21 (NNN-Bernama) — Malaysian government will study the need to expand employment approval for foreign workers to other sectors three months after the Foreign Workers Employment Relaxation Plan is implemented, said Human Resources Minister V. Sivakumar. He said the plan currently covered manufacturing, construction, plantations, agriculture and services (restaurants only) sectors and sub-sectors. “The Ministry of Human Resources…

PUTRAJAYA (Malaysia), Jan 17 (NNN-Bernama) — Malaysian government will focus on the service sector in Budget 2023 which will be presented on Feb 24, according to Prime Minister and Finance Minister Anwar Ibrahim on Tuesday. He said that among the sectors that will be focused on are green technology, digital economy and…

KUALA LUMPUR, Jan 17 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, extended Monday’s losses to open lower Tuesday, driven by continued profit-taking in selected heavyweights despite the positive momentum in regional markets, dealers said. At 9.28 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.87 points to 1,490.69 from…