Malaysia

September 20, 2021

Malaysia remains an attractive investment destination but political stability needed for growth — ASEAN-BAC

KUALA LUMPUR (Sept 20): Malaysia remains an attractive investment destination but political stability needed for economic growth and investment, according to the recently concluded ASEAN Business Advisory Council (ASEAN-BAC) consultation meeting in Malaysia with business associations representing US businesses to discuss Malaysia’s efforts in attracting foreign direct investment (FDI) from the United States and its […]

September 17, 2021

Malaysians enjoy taste of travel after lockdown in tourism restart

The first plane carrying tourists in more than four months touched down on the Malaysian island of Langkawi on Thursday and was greeted by a twin water cannon “salute”, in the launch of a programme to revive a travel sector frozen by the pandemic. The first batch of 159 travellers from the capital, Kuala Lumpur, […]

September 17, 2021

Malaysia: Ringgit opens lower against US dollar ahead of FOMC meeting next week

KUALA LUMPUR, Sept 17 ― The ringgit extended its losses against the US dollar at the opening today, as emerging market currencies continued to be hit by the strengthening greenback following the strong economic data from the world’s largest economy. At 9.02am, the ringgit declined 160 basis points (bps) to 4.1730/1780 from 4.1570/1590 at Wednesday’s […]

September 16, 2021

Malaysians Enjoy Taste of Travel After Lockdown in Tourism Restart

By Ebrahim Harris LANGKAWI, Malaysia (Reuters) – The first plane carrying tourists in more than four months touched down on the Malaysian island of Langkawi on Thursday and was greeted by a twin water cannon “salute”, in the launch of a programme to revive a travel sector frozen by the pandemic. The first batch of […]

September 14, 2021

Malaysia plans to lift government debt ceiling to 65% of GDP

KUALA LUMPUR: Malaysia’s cabinet has proposed raising the government’s statutory debt ceiling to 65% of gross domestic product, as part of measures to deal with the economic fallout of the Covid-19 pandemic, the finance minister said on Tuesday. This is the second time in as many years that the government has sought to raise its […]

September 14, 2021

Thailand, Malaysia set rules for banks entry under Asean accord

Malaysian banks seeking to operate in Thailand under a regional accord can open as many as 40 branches and should have at least 15 billion baht in capital, according to rules unveiled on Tuesday. Lenders must submit their applications to the Bank of Thailand to become a Qualified Asean Bank, Thailand’s Ministry of Finance said […]

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