Bursa Malaysia opens mixed

KUALA LUMPUR, Dec 8 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, was mixed in the early session Thursday, amidst the lack of buying momentum.  At 9.22 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.43 points to 1,468.31 from Wednesday’s closing of 1,466.88. The market bellwether opened 0.49 of-a-point easier at 1,467.37.     On…

Malaysian ringgit opens higher against US dollar

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, Dec 8 (NNN-Bernama) — The Malaysian ringgit opened higher against the US dollar today as the upside in the greenback seemed to be capped amidst improving risk appetites among market participants, an analyst said. At 9 am, the local note stood at 4.3915/3995…

Malaysia strongly condemns bomb attack at Indonesian police station

PUTRAJAYA, Dec 8  (NNN-Bernama) — Malaysia strongly condemns the suicide bomb attack that took place at a Police Station in West Java, Indonesia, on Wednesday which resulted in the death of a policeman. The Foreign Ministry in a press release Wednesday night said Malaysia hopes those behind the attack will be brought…

Takeoff, landing slot rules at airports likely to be restored – IATA

By Nurul Jannah Kamaruddin GENEVA, Dec 7 (NNN-Bernama) — The International Air Transport Association (IATA) said takeoff and landing slot rules at airports are likely to be restored soon. Many countries have currently adopted either a partial or full waiver of the 80:20 slot rules, which requires airlines to fill…

India’s central bank raises key interest rate to rein in inflation

NEW DELHI, Dec 7 (NNN-Bernama) — India’s central bank on Wednesday raised its key interest rate by 35 basis points (bps) as it tries to tame inflation while supporting the economy amid a tough global environment. The Reserve Bank of India (RBI) after a meeting of its monetary policy committee…

Malaysian economy to remain resilient against ‘wall of worry’ next year

KUALA LUMPUR, Dec 7 (NNN-Bernama) — MIDF Research said it is cautiously optimistic that Malaysia’s economy will remain resilient amid the various headwinds expected next year and able to climb the “wall of worry” in 2023 with the support of robust domestic demand.  Director and head of research Imran Yassin Md Yusof said…

Three injured in suspected suicide bomb attack in West Java

By Mohd Iswandi Kasan Anuar JAKARTA, Dec 7 (NNN-Bernama) — At least three police personnel were injured in an explosion at a police station in West Java this morning. According to local media reports, the suspected suicide bombing occurred at the entrance of the police station located at Jalan Astana…

Pakistan Foreign Minister to attend Bali meeting on Afghan women’s education

NEW DELHI, Dec 7 (NNN-Bernama) — Pakistan Foreign Minister Bilawal Bhutto Zardari will attend the Bali Democracy Forum (BDF) and the International Conference on Afghan Women’s Education on Thursday in Indonesia. The two conferences are taking place on the island of Bali, Indonesia. The meeting to promote Afghan women’s education…

Pakistan Foreign Minister congratulates Malaysian counterpart

NEW DELHI, Dec 7 (NNN-Bernama) — Pakistan’s Foreign Minister Bilawal Bhutto Zardari congratulated Dr Zambry Abdul Kadir on his appointment as Malaysia’s new Foreign Minister. He also expressed hope to work with Zambry to strengthen relations between the two countries. “Warm wishes and congratulations to Dr. Zambry Adb Kadir @Zambryofficial on…

Malaysia’s power sector feeling the heat from Ukraine-Russia war

By Nurunnasihah Ahmad Rashid KUALA LUMPUR, Dec 7 (NNN-Bernama) – The domino effect of skyrocketing fuel prices due to geopolitical tension between Ukraine and Russia, coupled with the volatility in supply and demand, has influenced coal prices and exerted extreme pressure on the power generation industry in Malaysia and globally.…