Moody’s Analytics revises downward global GDP forecasts for 2022, 2023

KUALA LUMPUR, Sept 26 (NNN-Bernama) — Moody’s Analytics has revised its global real gross domestic product (GDP) forecast for 2022 and 2023 downward to 2.7 per cent and 2.3 per cent, respectively. This is from forecasts of 4.2 per cent for 2022 and 3.6 per cent for 2023 in January. “While the…

Alibaba.com’s online halal pavilion enables Malaysian SMEs tap into global market

KUALA LUMPUR, Sept 26 (NNN-Bernama) — Malaysian small and medium-sized enterprises (SMEs) are now able to strengthen their foothold in the international halal market following the launch of a dedicated online Halal Pavilion on the Alibaba.com business-to-business (B2B) platform. Launched in conjunction with the 18th Malaysia International Halal Showcase (MIHAS),…

China-ASEAN Economic Cooperation Contributes To Development, Prosperity In Region: Cambodian Official, Experts

PHNOM PENH, Sept 24 (NNN-AKP) – The economic cooperation between China and the Association of Southeast Asian Nations (ASEAN), provided a lot of benefits to all, contributing to common development and prosperity in the region, Cambodian officials and experts said. China and ASEAN became each other’s largest trading partner in…

Malaysia Proposes Un To Create An International Monetary Cooperation Mechanism

NEW YORK, Sept 23 (NNN-Bernama) — Malaysia has proposed for the United Nations (UN) member countries to establish an International Monetary Cooperation mechanism to address various economic issues, including the rising global inflation. Prime Minister Ismail Sabri Yaakob said such mechanism is necessary, considering that in an interconnected world, the policies and decisions made…

Research Showed 86 Percent Of New Zealanders Overconfident With Their Money

WELLINGTON, Sept 24 (NNN-XINHUA) – About 86 percent of New Zealanders are overconfident with their money, according to New Zealand Financial Services Council’s (FSC’s) latest research report “Financial resilience trends in New Zealand: Overconfidence and a perfect (savings) storm.” The report analysed data from previous Financial Resilience Index reports, from…

Turkish President Called For Shipping Russian Grains, Fertilisers Via Grain Corridor

ISTANBUL, Sept 24 (NNN-XINHUA) – Turkish President, Recep Tayyip Erdogan, yesterday, emphasised the need to start shipping Russian grains and fertilisers through the recently-established grain corridor. “One of the most important possible next steps is to bring (to the markets) grains from Russia,” said Erdogan, in the Turkish city of…

Iraqi PM Confirmed Interests In Developing Ties With GCC Countries At All Levels

BAGHDAD, Sept 24 (NNN-NINA) – Iraqi Foreign Minister, Fuad Hussein, said yesterday that, his government is interested in developing relations with the Gulf Cooperation Council (GCC) countries, at all levels, according to a statement by the ministry. Hussein made the remarks, when meeting with GCC Secretary-General, Nayef bin Falah Al-Hajraf,…

Chinese Comedy Drama Film “Give Me Five” Hit North American Big Screen

LOS ANGELES, Sept 24 (NNN-XINHUA) – Chinese comedy drama film, “Give Me Five,” opened yesterday, in a limited theatrical release in North America. The Mandarin-speaking film is being released by Well Go USA, with Chinese and English subtitles, in selected theaters in Los Angeles, San Francisco, New York, Chicago, Dallas,…

Indonesia’s export levy decision will not impact CPO demand — Malaysian minister

PETALING JAYA (Malaysia), Sept 23 (NNN-Bernama) — Demand for Malaysia’s crude palm oil (CPO) is expected to remain stable despite the Indonesian government’s recent decision to extend its export levy waiver for the commodity.  Given that there is a huge demand for CPO right now, Indonesia’s move is not expected to have an impact…

Malaysia’s central bank says ringgit will continue to be ‘market determined’ amid rising US dollar

KUALA LUMPUR, Sept 23 (NNN-Bernama) — Bank Negara Malaysia (BNM) said it will continue to closely monitor and ensure orderly financial market conditions amid external developments that have led to persistent strength in the US dollar against almost all currencies, including the ringgit. However, the central bank said that “ringgit movements will continue to be…
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