KUALA LUMPUR, April 23 (NNN-Bernama) — The government will monitor the ringgit’s performance in the foreign exchange market following the recent fall in the currency’s value, says Malaysia Finance Minister Lim Guan Eng. He said the ringgit’s performance should be evaluated on an annual basis, as it was normal for…

MELAKA, April 21 (NNN-Bernama) — Malaysia is conducting a five-day Palm Oil Economic Mission to Saudi Arabia beginning Monday to discuss the commodity issue, as well as to promote its timber and furniture, Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Mohd Akin said. He said the mission would discuss…

KUALA LUMPUR, April 21 (NNN-Bernama) — Total foreign funds net outflow from Monday to Thursday this week amounted to RM373.6 million compared to a deficit of RM162.8 million in the same period last week. Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said foreign participation during the…

SUNGAI PETANI, April 21 (NNN-Bernama) — Tun Dr Mahathir Mohamad has reminded the leadership and management of Permodalan Nasional Bhd (PNB) not to be complacent in fulfilling its responsibility and obligation in pursuing the hopes and aspirations of its investors. The Prime Minister said the responsibility shouldered by PNB is…

KUALA LUMPUR, April 21 (NNN-Bernama) — The government’s move to leave the Klang Gates Quartz Ridge in Gombak, Selangor, untouched under the renegotiated East Coast Rail Link (ECRL) project will facilitate the ratification of the area as a national and world heritage site, a heritage expert said. Describing the decision…

KUALA LUMPUR, April 20 (NNN-Bernama) — Malaysia’s trade policy adjustments and refinements are expected to result in a higher engagement with Chinese companies, particularly after the recent renegotiation on the East Coast Rail Link (ECRL) project. Deputy International Trade and Industry Minister Dr Ong Kian Ming said the latest development…

Deputy Minister Datuk Dr Mohd Hatta Md Ramli. Photo courtesy of Bernama KOTA BHARU, April 20 (NNN-Bernama) — The Entrepreneur Development Ministry targets to strengthen the economic contribution of small and medium enterprises (SMEs) to reach RM500 billion by the end of 2020. Its Deputy Minister Datuk Dr Mohd Hatta…

KUALA LUMPUR, April 20 (NNN-Bernama) — Malaysia needs to move from input-driven growth to productivity-driven growth to achieve a sustainable economic growth path, said Prime Minister Tun Dr Mahathir Mohamad. The country’s growth, he noted, had been predominantly input-driven through the injection of capital and labour into the economy. “The…

NILAI, April 20 (NNN-Bernama) — Malaysia will not be able to stand strong with the support from only one ethnic group, but instead will grow stronger if it is supported by all ethnic groups in the country, PKR president Datuk Seri Anwar Ibrahim said. “Yes, as Malays, we have to…

Council of Eminent Persons (CEP) chairman Tun Daim Zainuddin. Photo courtesy of Bernama KUALA LUMPUR, April 19 (NNN- Bernama) — Cargo load will be the more profitable sector for the East Coast Rail Link (ECRL) compared with passenger ridership as the rail link will provide a land bridge that will…