The headquarters of Bank Negara Malaysia (Photo://www.nst.com.my/)
Kuala Lumpur (VNA) - The Malaysian economy posts a stronger growth of 8.9% in the second quarter of 2022 compared to a 5-percent expansion in the first quarter.
The increase was attributed to imrpoved domestic demand, underpinned by the steady recovery in labour market conditions and ongoing policy support.
Malaysia’s exports remain supported by strong demand for electric and electronic (E&E) products. By sector, the services and manufacturing sectors continued to drive growth, according to Bank Negara Malaysia.
The higher growth was also reflective of normalising economic activity as the country moved towards endemicity and reopened its international borders, the bank said.
During April-June, headline and core inflation of the country increased to 2.8% and 2.5% respectively, mainly due to rising food prices.
Bank Negara said elevated commodity prices and Malaysia's economic recovery helped to cushion the downward impact from the external developments on the ringgit during the quarter.
🔴 It added that while domestic financial markets will continue to be subjected to episodes of heightened volatility, spillovers to domestic financial intermediation were expected to remain broadly contained, supported by Malaysia's healthy external position and strong banking system./.
Malaysia and Thailand have agreed to step up the development of infrastructure along their shared border in an effort to boost trade and achieve the bilateral trade target of 30 billion USD by 2025.
Malaysia recorded over 20,000 cyber crime cases in 2021, with losses amounting to 60 million ringgit (13 million USD), said Deputy Secretary General of Security at the Home Ministry Abdul Halim Abdul Rahman.
Malaysia wishes to explore new cooperation related to environmental, social and governance (ESG) with Japan under the Look East Policy (LEP), according to Prime Minister Ismail Sabri Yaakob.
Malaysia’s palm oil potential remains intact despite softening crude palm oil (CPO) prices, and its prospects will remain bright in the second half of this year, according to Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin.
Malaysia’s services revenue grew 25.2% year-on-year to 506.5 billion MYR (113.64 billion USD) in the second quarter of 2022, the Malaysian Department of Statistics Malaysia (DoSM) 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.
The headquarters of Bank Negara Malaysia (Photo://www.nst.com.my/) 
