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Malaysia’s GDP To Grow At 5.8 Per Cent In 2017

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  KUALA LUMPUR – Malaysia’s 2017 gross domestic product (GDP) is projected to grow at 5.8 per cent, year-on-year, the highest annual growth rate since 2014, said World Bank Group, Malaysia and Thailand, Director for Regional Partnerships, Dr Ulrich Zachau. He said the World Bank expected the economy to remain strong in 2018 and projected…

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Malaysia-Brunei Annual Leaders’ Consultation Sees Signing Of Accord On Oil, Gas

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  BANDAR SERI BEGAWAN – The 21st Malaysia-Brunei Annual Leaders’ Consultation here today saw the signing of the Unitisation Framework Agreement which, in principle, will essentially finalise by mid-2018 the percentage of Petronas revenue from four oil and gas fields. The agreement was signed by Petronas and the Brunei National Unitisation Secretariat at the conclusion…

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12th Malaysia-Indonesia Annual Leaders’ Consultation Begins

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KUCHING – The 12th Malaysia-Indonesia Annual Leaders’ Consultation began here today, with Prime Minister Datuk Seri Najib Tun Razak leading the Malaysian delegation and President Joko Widodo heading the Indonesian side. As part of the talks, convened at a hotel here, the two leaders held a Restricted Meeting which began at 10.35 am. They are…

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Malaysia Can Become Hub For ASEAN Market

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HONG KONG – Malaysia can become a hub for distributing products from overseas to the ASEAN market for which Hong Kong has grown itself into for decades. Hence, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi urged Malaysian investors to take advantage of the vast opportunities before them with the signing of the Free-Trade…

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Thai Authorities Seize Seven Malaysian Buses For Illegal Entry

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  SONGKLA – Thai authorities seized seven Malaysian-owned express buses which entered the country without permits yesterday. The seizure was carried out during a large-scale integrated operation in Songkhla province, southern Thailand. The authorities also picked up 30 Malaysians who did not have valid travel documents and work permits. Thai Tourist Police acting deputy chief,…

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M’sia Will Push For More Efforts To Ensure Peace And Stability In Asia

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  KUALA LUMPUR – The Malaysian Government will always push for more efforts to ensure peace, stability and security in the Asia Pacific, said Prime Minister Datuk Seri Najib Tun Razak. Najib said faced with all kinds of security challenges, ASEAN member countries including Malaysia could not stand by and do nothing. “We must all…

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Malaysian High Commissioner To S’pore Presents Credentials

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  SINGAPORE – Newly appointed Malaysian High Commissioner to Singapore, Datuk Zulkifli Adnan presented his credentials to President Halimah Yacob in a ceremony at the Istana on Wednesday. He received his Letter of Credence from Yang di-Pertuan Agong, Sultan Muhammad V on Aug 17. According to his bio summary made available to Bernama today by…

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Agong Hopes More Malaysian Firms Given Opportunities In Qatar

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  KUALA LUMPUR – The Yang di-Pertuan Agong Sultan Muhammad V has expressed hope for more Malaysian companies to be given the opportunity to enhance Qatar’s economy. His Majesty said this following the success of a Malaysian company in completing a new building project for Qatar’s Ministry of Interior, which also served as the Qatar…

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MIDA Joins MITI, MATRADE To Organise Qatar-M’sia Economic Forum

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  KUALA LUMPUR – The Malaysian Investment Development Authority (MIDA) together with the Ministry of International Trade and Industry (MITI), Malaysia External Trade Development Corporation (MATRADE) and the National Chamber of Commerce & Industry of Malaysia (NCCIM), will be organising the Qatar-Malaysia Economic Forum on Oct 16 here. In a statement today, MIDA said the…

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Malaysia Climbs Two Spots In Global Competitiveness Report 2017-2018

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  KUALA LUMPUR – Malaysia climbed two spots to rank 23rd out of 137 countries in the Global Competitiveness Report 2017-2018 (GCR) compared to last year where it was placed 25th out of 138 countries. In the report released by the World Economic Forum (WEF), Malaysia has overtaken Ireland, Qatar and remained ahead of economies…

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Malaysia’s Growth On Right Trajectory, Says PM Najib

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  PUTRAJAYA – Malaysia’s economic growth is on the right trajectory as the Asian Development Bank’s (ADB) latest outlook released on Tuesday, revised the country’s growth this year from 4.7 per cent to 5.4 per cent, said Prime Minister, Datuk Seri Najib Tun Razak. He said according to the report, Malaysia and Hong Kong are…

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Businessman Strikes Largest Jackpot In M’sia History

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KUALA LUMPUR- A Penang businessman hit the largest ever jackpot in the nation’s history, by taking home RM69.6 million. The lucky punter won the top prize at the Grand Toto 6/63 jackpot in the Sept 13 draw. The 40-year-old winner, who came to collect his winnings two days later, revealed that he only spent RM50…

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Malaysian Palm Oil Price Has Biggest Fall

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KUALA LUMPUR- Malaysian palm oil futures had their sharpest daily fall in a month late on Monday, marking their third straight session of losses, tracking weakness in related edible oils and as a stronger ringgit weighed on the market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.1…

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Malaysia Is Now A Highly Regarded Country – Najib

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  KOTA KINABALU – Malaysia is now highly regarded by the world despite the fact that it was formed only 54 years ago, Prime Minister Datuk Seri Najib Tun Razak said tonight. He said Malaysia was an unknown country on the world map before, but now, the country was regarded by world leaders as a…

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PM Arrives In London To Meet Theresa May

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KUALA LUMPUR: After a highly successful meeting with United States President Donald Trump, Prime Minister Datuk Seri Najib Razak is about to meet another world leader. Najib tweeted that he would be meeting British Prime Minister Theresa May. “Just arrived in the UK. Will be meeting PM @theresa_may . Looking forward to further strengthening our…

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M’sia Reaffirms Commitment To Fight Terrorrism

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WASHINGTON DC: Malaysia has reaffirmed its commitment to the US to continue fighting the Islamist State (IS) and all forms of terrorism. Labelling them a common enemy of both nations, Prime Minister Datuk Seri Najib Razak said Malaysia would ensure its part of the world was safe as part of its commitment. “The other goal…

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Lafarge Malaysia Remains A Hold At CIMB Research

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KUALA LUMPUR: CIMB Equities Research is maintaining its Hold call on Lafarge Malaysia as it expects the positive sentiment on the stock from better demand expectations in 2018 and stabilising competitive landscape to be mitigated by earnings risks in 2H17. It said on Monday it had raised its target price to RM6.34 from RM5.50 based…

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White House Invite Shows Importance Of Malaysia

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DATUK Seri Najib Tun Razak’s working visit to Washington will see him in powerful company as his host President Donald Trump has lined up his senior Cabinet members and close advisers to meet the Prime Minister. The meeting at the White House tomorrow will start with a four-eyed meeting between Trump and Najib in the…

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Malaysia’s GDP Revised Upward Between 5.3-5.5 Per Cent In 2017

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KUALA LUMPUR – Maybank Investment Bank has revised its upward growth forecast for Malaysia’s gross domestic product (GDP) in 2017 to between 5.3 per cent and 5.5 per cent from 4.2 per cent recorded last year, on improving key economic fundamentals and macroeconomic conditions. It said the bank was improving the ‘big picture’ this year…

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Malaysia, Singapore Ties Have Grown Stronger

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  KUALA LUMPUR – Relations between Malaysia and Singapore have grown stronger over the 52 years following the republic’s independence on Aug 9, 1965, said Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak. He said many factors contributed to the strengthening of the relations, including their shared history, being the closest neighbours and…

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Malaysia Maintains Strong Growth On Govt Measures

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KUALA LUMPUR – Malaysia has been able to sustain its strong economic growth over the years, driven by measures introduced by the government including the National Transformation Programme (NTP) which was launched in 2010. Under the NTP, there are seven National Key Result Areas under the Government Transformation Programme, plus the 12 National Key Economic…

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Lanzhou, Gateway For Malaysian Halal Products

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  LANZHOU – Lanzhou, the capital city of China’s Gansu Province with a Muslim population of over one million, has the potential to become a gateway for Malaysian halal products into other Muslim territories in China and even central Asia where demand for such products is growing. Second International Trade and Industry Minister Datuk Seri Ong Ka…

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Malaysia’s Export Growth Outpace Imports For First Time Since 2016

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  KUALA LUMPUR – Malaysia’s trade grew by 31.5 per cent to RM153.3 billion in May 2017 as against the RM116.6 billion recorded in the same month of last year, according to the International Trade and Industry Ministry (MITI). Exports rose 32.5 per cent to RM79.4 billion and imports by 30.4 per cent to RM73.91 billion, resulting in a trade surplus…

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Malaysia, Singapore Enhance Ties In Info-Communications

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  KUALA LUMPUR – The Singapore-Malaysia Joint Committee on Information and Communications Co-operation has begun a meeting today in the island republic to discuss ways and means to enhance co-operation in the fields of info-communications and media. The Ministry of Communications and Multimedia said in a statement that the two-day meeting is co-chaired by the…

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RAM Revises Upwards Malaysia’s 2017 GDP Forecast To 5.2 Pct

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  KUALA LUMPUR – RAM Rating Services Bhd has revised upwards Malaysia’s gross domestic product (GDP) growth to 5.2 per cent this year from initial expectation of 4.5 per cent. In a statement today, the rating agency said, the revision was made after a better-than-expected growth performance of 5.6 per cent in the first quarter…

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ToR Will Ensure Malaysia-Thailand Army Ties Further Enhanced

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BANGKOK – The Malaysian Army and Royal Thai Army will further enhance existing ties and cooperation through the signing of the Terms of Reference (ToR). Malaysian Army Chief General Datuk Seri Zulkiple Kassim said ToR would ensure the relationship between the two armies is expanded to include matters outside the General Border Committee (GBC). “The…

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Malaysia – Bangladesh Bilateral Consultations, Dhaka 15, 15 May 2017

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PUTRAJAYA – The inaugural Malaysia-Bangladesh Bilateral Consultations will be held in Dhaka from 15 to 16 May 2017. The Bilateral Consultations will be co-chaired by the Secretary General of the Ministry of Foreign Affairs Malaysia, Dato’ Ramlan Ibrahim, and the Foreign Secretary of the People’s Republic of Bangladesh, His Excellency Md. Shahidul Haque. The Bilateral…

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Malaysia And Australia Committed To Address Cross-Border Crime

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SYDNEY – Malaysia and Australia will be more committed in addressing cross-border crimes, including on issues pertaining to illegal immigrants involving both countries, through border patrol training, exchange of intelligence information and closer cooperation. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said during his three-day working visit to Australia since Sunday, he had…

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Malaysia, Bahrain Must Seek Opportunities To Boost Bilateral Trade

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KUALA LUMPUR – The Yang di-Pertuan Agong Sultan Muhammad V says Malaysia and Bahrain should continue to explore opportunities and potential to increase bilateral trade in strengthening economic relations between the two countries. He said it was for this purpose that Malaysia was inviting and encouraging the private sectors of both countries to play a…

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Malaysia’s Industrial Production To Grow 4.9 Pct In February

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KUALA LUMPUR – Malaysia’s industrial production is expected to grow stronger in February 2017 to record 4.9 per cent growth year-on-year compared to 3.5 per cent in January. According to Moody’s Analytics, a division of Moody’s Corp engaged in economic research and analysis, Malaysia’s industrial production was likely to rebound in February after the Lunar…

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