Malaysia boosts domestic investment for economic recovery
Malaysian Prime Minister Ismail Sabri Yaakob has said the government will refine the proposals forwarded by the National Chamber of Commerce and Industry of Malaysia (NCCIM) aimed at especially strengthening the domestic direct investment (DDI), the most important element to revive the economy.
Kuala Lumpur (VNA) – Malaysian Prime Minister Ismail Sabri Yaakob has said thegovernment will refine the proposals forwarded by the National Chamber ofCommerce and Industry of Malaysia (NCCIM) aimed at especially strengthening thedomestic direct investment (DDI), the most important element to revive theeconomy.
According to thePM, DDI, along with the empowerment of local authorities’ one-stop centres,were the key matters discussed at the third Economic Action Council meetingthis year, he said.
TheEconomic Planning Unit (EPU) of the Prime Minister’s Department, the FinanceMinistry, and the International Trade and Industry Ministry will refine theproposals, he said.
The NCCIMalso proposed conducting studies on initiatives to reduce bureaucraticconstraints by 50 percent; performing consolidation and coordination ofinvestment incentives; re-engineering foreign labour management processes aswell as preparing action plans to expand the network of small and mediumenterprises with foreign direct investment (SMEs-FDI).
To boost the potential of DDI, the government will continue to be committed toimproving the quality of local authority services, especially strengthening theimplementation of OSC 3.0 to OSC 3.0 Plus to always be efficient, fast and transparent,the Malaysian news agency Bernama quoted the PM as saying in a statement.
According to the PM, OSC 3.0Plus is a complete and uniform procedure based on current laws to regulate andfacilitate the development process in local authority areas until the buildingis eligible to be occupied using fully digital applications in all 98 localauthorities in Peninsular Malaysia.
Ismail Sabri also said that the country’s economicrecovery process is now at its best and the government is committed to ensuringthat DDI continues to be stimulated by taking an approach to simplify theaffairs of industry players./.
Malaysia has seen 252,730 travellers who have entered and left the Malaysia through the main entry points over a four-day period since the re-opening of the country's borders on April 1, said Immigration Director-General Khairul Dzaimee Daud.
The transition to the endemic phase and the reopening of borders have clearly provided a positive impact on the Malaysian economy compared to the pandemic phase two years ago, the Malaysian National News Agency (Bernama) reported, quoting Minister in the Prime Minister's Department for Economic Affairs of Malaysia Mustapa Mohamed.
Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD), the Department of Statistics Malaysia (DOSM) announced on April 18.
Malaysia and Indonesia are leading the recovery of domestic travel demand in Southeast Asia, reaching 100 percent growth in March compared with the same level in 2019, an official of Google Asia Pacific has said.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image. (Photo: AFP/VNA) 
