Malaysia

Malaysia-Canada Bilateral Trade Up 25 pct Post-CPTPP

KUALA LUMPUR, March 25 (Bernama) — Malaysia and Canada have shared diplomatic ties for nearly 66 years, and via the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), bilateral trade rose by 25 per cent.

Malaysia is also Canada’s country coordinator for Asean this year. Malaysia will be the Asean chair in 2025.

Canada’s Export Promotion, International Trade and Economic Development Minister Mary Ng said it is great to see some of the numbers.

Malaysia's capital market posts 5.6 pct growth in 2023

KUALA LUMPUR, March 25 (Xinhua) -- Malaysia's capital market remained resilient in 2023, with the market size growing 5.6 percent to 3.8 trillion ringgit (800 billion U.S. dollars) in 2023 from 3.6 trillion ringgit in 2022, official data showed Monday.

The Securities Commission Malaysia (SC) said in a statement that the increase was driven by the growth of total equity market capitalization and bonds and sukuk outstanding.

Sukuk is an Islamic financial certificate that complies with Islamic religious law commonly known as Sharia.

Malaysia willing to revisit MH370 case – PM Anwar

MELBOURNE, March 4 (Bernama) — Prime Minister Anwar Ibrahim said Malaysia is willing to reopen the investigation into the missing Malaysia Airlines flight MH370 should fresh and compelling evidence emerge.

“On the 370, we have taken a position that if there is compelling case evidence that needs to be reopened, we will certainly do so.

Malaysian Officials Seized 528 Kg Of Drugs Worth Four Million USD

KUALA LUMPUR, Jan 16 (NNN-BERNAMA) – Malaysian authorities said yesterday, they had seized 528 kg of drugs worth 19 million ringgit (4.06 million U.S. dollars) hidden in a forest reserve in Perlis state, near the border with Thailand.

Four suspects had been arrested in connection with the case, with four vehicles and seven motorcycles seized as well, Bukit Aman Narcotics Crime Investigation Department (NCID) director, Mohd Kamarudin Md Din said.

Turkiye-Malaysia 60th anniversary of diplomatic relations signifies more than just numerical milestone – Ambassador

KUALA LUMPUR, Jan 14 (NNN-Bernama) — The 60th anniversary of diplomatic relations between Turkiye and Malaysia this year holds more significance than merely a numerical milestone.

Turkish Ambassador to Malaysia Emir Salim Yuksel, emphasised that it stands as a solid reaffirmation of both countries’ dedication to expanding cooperation in various areas.

Malaysia’s aviation industry to see robust growth in 2024 – Transport Minister

SEPANG (Malaysia), Jan 5 (NNN-Bernama) — Malaysia’s aviation industry is expected to see stronger growth this year, supported by the government’s ongoing initiatives to boost the sector, said Transport Minister Anthony Loke.

He cited the increase in both domestic and international travel, attributed to the government’s strategic steps particularly the relaxation of visa requirements for Chinese and Indian tourists, as a boon to the sector.

McDonald's Malaysia sues Israel boycott movement for $1 million in damages

KUALA LUMPUR, Dec 30 (Reuters) - McDonald's Malaysia has sued a movement promoting boycotts against Israel for "false and defamatory statements" that it says hurt its business, seeking damages amounting to 6 million ringgit ($1.31 million).

Malaysia, a majority-Muslim country, is a staunch supporter of the Palestinians, and some Western fast-food brands in the country, as in some other Muslim nations, have been targeted by boycott campaigns over Israel's military offensive in Gaza.

Flood situation in three Malaysian states worsens

KUALA LUMPUR, Dec 26 (NNN-Bernama) — The flood situation in three Malaysian states — Kelantan, Terengganu and Pahang — continued to worsen, with more evacuees placed in temporary relief centres this morning compared to Monday night.

In Kelantan, the number of flood victims rose to 12,572 people from 3,860 families as of 8 am Tuesday compared to 9,721 people from 2,962 families Monday night.

UNGA can suspend Israel as attacks on Gaza continue – analyst

KUALA LUMPUR, Dec 26 (NNN-Bernama) — The United Nations General Assembly (UNGA) should vote to suspend Israel for its ongoing war on Gaza and the decades long Apartheid policies against the Palestinian people, an analyst said.

Director of Hashim Sani Centre for Palestine Studies at Universiti Malaya Assoc. Prof Dr Mohd Nazari Ismail said the UNGA had taken a similar decision to suspend the South African Apartheid regime in Nov 1974.

Malaysian Ringgit Strengthens Against US Dollar In Early Trade

KUALA LUMPUR, Dec 22 (NNN-Bernama) — The ringgit continued to trend higher as it strengthened against the US dollar in the early session on Friday following weaker US economic data, an economist said.

At 9 am, the ringgit climbed to 4.6300/6380 against the greenback from yesterday’s close of 4.6525/6565.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the final third quarter (3Q) 2023 US gross domestic product (GDP) estimates came in lower than expected at 4.9 per cent against consensus survey of 5.2 per cent.

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