South Korea seeks Malaysia’s expertise for its Muslim friendly hospitality

SEOUL, May 23 (NNN-Bernama) — South Korea is seeking Malaysia’s expertise, as well as accreditation for its friendly hospital services to further strengthen the sector which saw one million Muslim visitors arrived in the country in 2016, an increase of 33 per cent from a year before, says Korea Institute…

Leiking begins trade mission to Latin America by wooing Chilean companies

International Trade and Industry Minister Datuk Darell Leiking. Photo courtesy of Bernama KUALA LUMPUR, May 23 (NNN-Bernama) — International Trade and Industry Minister Datuk Darell Leiking has encouraged companies in Chile to leverage on Malaysia to expand their business and diversify into electrical appliances, food and beverages, packaging, logistics and…

Rising political uncertainties may weigh on Thailand´s economic growth

BANGKOK, May 23 (NNN-Bernama) — Heightened political uncertainties after the inconclusive March 24 general election in Thailand may weigh on the country’s economic growth, said the Bank of Thailand (BoT). In minutes of the Monetary Policy Committee (MPC) meeting early this month, the bank said investors remained cautious to invest…

Three construction workers escape death in building collapse

Firefighters inspect a collapsed building at the Gombak Terminal LRT Putra station. Photo courtesy of Bernama KUALA LUMPUR, May 23 (NNN-Bernama) — Three construction workers escaped death after they were saved when a building still under construction at the Gombak Terminal LRT Putra station here collapsed early this morning. Director…

Demise of champion of national football

KUANTAN, May 22 (NNN-Bernama) — The name of the late Sultan Ahmad Shah Al-Musta’in Billah is synonymous with football as his deep interest in the game resulted in him devoting himself tirelessly to the development of national football. After becoming the president of the Football Association of Malaysia (FAM) on…

Tealive makes its debut in UK

KUALA LUMPUR, May 22 (NNN-Bernama) — Malaysia-based premium quick service food and beverage specialist, Loob Holding Sdn Bhd has made its debut in the United Kingdom via its flagship Tealive which opened its first outlet in Manchester on May 17. In a statement, Loob Holding founder and chief executive officer…

Malaysian banks well placed to manage weakening economy, outlook stable

KUALA LUMPUR, May 22 (NNN-Bernama) — Moody’s Investors Service says that its outlook for the Malaysian banking system remains stable, as strong loss-absorbing buffers should mitigate a potential rise in credit costs and moderating profitability over the next 12 to 18 months. “The banks are well positioned to manage the…

Pahang’s Paduka Ayahanda Sultan Ahmad Shah dies

KUANTAN, May 22 (NNN-Bernama) — Pahang’s Paduka Ayahanda Sultan Haji Ahmad Shah Al-Musta’in Billah died at the National Heart Institute (IJN) in Kuala Lumpur at 8.50 am today. The sad news was announced by Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail through a media statement here. “With profound…

Singapore economy grew by 1.2 pct in Q1 2019

SINGAPORE, May 21 (NNN-Bernama) — Singapore’s economy grew by 1.2 per cent on a year-on-year basis in the first quarter 2019, slightly lower than the 1.3 per cent growth in the previous quarter, according to Ministry of Trade and Industry (MTI). The ministry expects the republic’s Gross Domestic Product (GDP)…

Update: France drops charges of passive corruption but retains other charges against former Malaysian PM associate

File photo of former Malaysian political analyst Abdul Razak Baginda who was charged in France in July 2017 with “active and passive complicity in corruption” and “misappropriation of corporate assets.” The Paris appeal court is said to have dropped the charges of “passive corruption” while retaining the remainder of the…
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