Malaysia’s total trade up 8.6 pct in December 2022

KUALA LUMPUR, Jan 27 (NNN-Bernama) — Malaysia’s total trade for December 2022 amounted to RM236.0 billion (US$55.7 billion), an increase of 8.6 per cent year-on-year (y-o-y), with exports rising 6.0 per cent y-o-y to RM131.9 billion (US$31.1 billion) while imports rose 12.0 per cent y-o-y to RM104.1 billion (US$24.6 billion), said the Department of Statistics…

Malaysia airports records 52.7 mln passenger traffic in 2022

KUALA LUMPUR, Jan 27 (NNN-Bernama) — Malaysia’s passenger traffic across all local network of airports operated by Malaysia Airports Holdings Bhd (MAHB) gained momentum in 2022, registering a substantial increase to 52.7 million passenger movements compared with 10.72 million passenger movements in 2021. “Domestic passenger movements recovery momentum continued in 2022 after the…

Malaysian ringgit opens firmer versus greenback on higher oil prices

By Kisho Kumari Sucedaram KUALA LUMPUR, Jan 27 (NNN-Bernama) — The Malaysian ringgit retained its upward momentum to open higher against the US dollar Friday as more investors shifted their interest towards emerging currencies, coupled with higher global oil prices, said an analyst.  At 9 am, the local note strengthened to 4.2260/2310 against the greenback from Thursday’s closing of 4.2450/2465. At the…

Bursa Malaysia opens higher, tracking Wall Street performance

KUALA LUMPUR, Jan 27 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, rebounded from two days of losses to open higher Friday, taking the cue from the strong performance on Wall Street overnight.  The US stock markets rebounded after the preliminary reading of the fourth quarter of 2022 Gross Domestic Product (GDP) expanded 2.9 per cent…

Malaysian mother, daughter die after boat capsizes in Krabi

By Tuwaedaniya Meringing BANGKOK, Jan 27 (NNN-Bernama) — A pregnant woman from Malaysia and her six-year-old daughter died after a long-tailed boat carrying the family capsized off the coast of Krabi province in southern Thailand on Wednesday.  In the 1 pm (local time) incident, the family of three – the 36-year-old woman, her…

Malaysia summons charge d’affaires ad interim of Swedish Embassy over Quran burning

PUTRAJAYA (Malaysia), Jan 27 (NNN-Bernama) — Malaysian Foreign Ministry had summoned the Charge d’Affaires ad interim of the Swedish Embassy in Kuala Lumpur Thursday morning to reaffirm the country’s strong condemnation over a Swedish far-right politician’s “vile act” of burning the Holy Quran in Stockholm. “The ministry conveyed Malaysia’s objection and disappointment…

Sri Lanka Saved 2.5 Billion USD Through Import Restrictions

COLOMBO, Jan 27 (NNN-XINHUA) – Sri Lanka saved 2.5 billion U.S. dollars, since import restrictions were imposed in 2022, State Minister of Finance, Ranjith Siyambalapitiya said, yesterday. The money saved has been used to import essential items, such as fuel, medicines and fertiliser, said the state minister, at the International…

Malaysia Keeps Feb’s Crude Palm Oil Export Tax At Eight Percent

KUALA LUMPUR, Jan 27 (NNN-BERNAMA) – Malaysia has kept its crude palm oil (CPO) export duty at eight percent in Feb, and raised its reference price, the Malaysian Palm Oil Board circular showed, yesterday. The world’s second largest palm oil producer, raised the CPO reference price in Feb to 3,893.25…

Uzbekistan Unveils Job Creation, Poverty Reduction Initiative

TASHKENT, Jan 27 (NNN-UzA) – Uzbekistan will allocate around one billion U.S. dollars, to promote family-based businesses, in a bid to reduce poverty and create new jobs, the Uzbek president’s press service said, yesterday. The plan was unveiled during a meeting chaired by Uzbek President, Shavkat Mirziyoyev, said the press…

India’s Adani Group warns of legal action after report leads to stock fall

By Shakir Husain NEW DELHI, Jan 26 (NNN-Bernama) — India’s Adani Group said on Thursday it is considering legal action against US-based Hindenburg Research over a report that accuses the conglomerate of “brazen” market manipulation and accounting fraud. Adani companies lost billions of dollars in market value after Hindenburg’s report…
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