Malaysia records current account surplus of US$961 mln in 1Q 2023

KUALA LUMPUR, May 12 (NNN-Bernama) — Malaysia’s current account balance (CAB) continued to record a surplus of RM4.3 billion (US$961 mln) or 1.0 per cent of the gross domestic product (GDP) in the first quarter of 2023 (1Q 2023), down from RM27.5 billion (US$6.15 billion) (5.9 per cent of GDP) in the…

Thai crew falls from fishing boat in Malaysia, SAR continues

ALOR SETAR (Malaysia), May 12 (NNN-Bernama) — A Thai crew of a Malaysian fishing boat is feared to have drowned during a fishing activity about 1.8 nautical miles southwest of Bidan Island, off the coast of Yan, Kedah, Thursday. Kuala Kedah Maritime director Commander Noor Azreyanti Ishak said the victim, identified…

ASEAN Summit Concluded With Pledge To Enhance Bloc Centrality, Economic Integration

LABUAN BAJO, May 12 (NNN-ANTARA) – The 42nd Association of Southeast Asian Nations (ASEAN) Summit, concluded here yesterday, with pledged efforts to enhance ASEAN centrality and economic integration, in order to better cope with crises and challenges. Calling the summit a success “with great results,” Indonesian President, Joko Widodo, emphasised…

Pakistani Court Orders Immediate Release Of Former Prime Minister

ISLAMABAD, May 12 (NNN-APP) – The Supreme Court of Pakistan, last night ordered police to immediately release former Prime Minister, Imran Khan, who was arrested on May 9, on charges of corruption and corrupt practices. The verdict was given on a plea of Khan’s Pakistan Tehreek-e-Insaf (PTI) party, saying the…

Malaysian ringgit opens lower vs greenback in early session

By Sharifah Pirdaus Syed Ali KUALA LUMPUR, May 12 (NNN-Bernama) — Malaysian ringgit opened lower against the US dollar in the early session Friday as the greenback stayed firmer following the release of the United States (US) Producer Price Index (PPI). At 9 am, the local note fell to 4.4735/4790 versus the US dollar from Thursday’s…

Bursa Malaysia mixed in early trade

KUALA LUMPUR, May 12 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, opened mixed on Friday as investors appeared to trade cautiously following Wall Street’s negative performance, as sentiments turned fragile over mounting concerns about the US debt ceiling and stability of the banking industry. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.72 points to 1,428.90 from Thursday’s close of 1,428.90. However, market…

Malaysia strongly condemns Israeli airstrikes in Gaza

PUTRAJAYA (Malaysia), May 12 (NNN-Bernama) — Malaysia has condemned in the strongest terms the airstrikes by the Israeli regime on residential buildings and other sites in Gaza since May 9, which killed at least 27 Palestinians and injured more than 70 civilians. Foreign Ministry (Wisma Putra) in a statement Thursday said this latest attack…

Pakistan Supreme Court calls Imran’s arrest illegal, orders his release

NEW DELHI, May 12 (NNN-Bernama) — Pakistan’s Supreme Court on Thursday ordered former prime minister Imran Khan’s immediate release after calling his arrest by a paramilitary force from the Islamabad High Court premises on Tuesday illegal. A three-member bench of the top court headed by chief justice Umar Ata Bandial had…

Iran, Iraq Signed Deal On Oil Industry Cooperation

TEHRAN, May 12 (NNN-IRNA) – Iran and Iraq have signed a memorandum of understanding (MoU), on cooperation in implementing oil industry projects, the Shana News Agency, affiliated to the Iranian Oil Ministry, reported yesterday. The deal was signed by Iranian Oil Minister, Javad Owji, and his Iraqi counterpart, Hayan Abdel-Ghani,…

Iran Condemns Swedish Parliament’s Designation Of Elite Force As “Terrorist” Organisation

TEHRAN, May 12 (NNN-IRNA) – The Iranian foreign minister, yesterday, condemned the Swedish parliament’s designation of Iran’s Islamic Revolution Guards Corps (IRGC) as a “terrorist” organisation. Hossein Amir-Abdollahian made the remarks, in a phone call with his Irish counterpart, Michael Martin, in which the two sides also discussed expansion of…
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