The Malaysian Industrial Development Finance Berhad (MIDF) Research has foreseen the country’s gross domestic product (GDP) to grow 6 percent in 2022 from 3.1 percent in 2021, mainly driven by the economy’s further reopening, including a lift of ban on international travels.
People on a street in Malaysia's Kuala Lumpur on May 28, 2020 (Photo: AFP/VNA)
Kuala Lumpur (VNA) – The Malaysian IndustrialDevelopment Finance Berhad (MIDF) Research has foreseen the country’s grossdomestic product (GDP) to grow 6 percent in 2022 from 3.1 percent in 2021,mainly driven by the economy’s further reopening, including a lift of ban oninternational travels.
As reported by the local news agency Bernama, the researchfirm said with a high vaccination rate, there is less need for the government totighten COVD-19 restrictions given the ability of the healthcare system towithstand the recent resurgence in COVID-19 infections.
Therefore, it expects the momentum of growth will continueto strengthen this year, backed by growing domestic spending, improving labourmarket and increased business activities. "Sustained growth in externaldemand will also support Malaysia’s trade and production activities thisyear," it said in its Monthly Economic Review issued on February 28 asquoted by Bernama.
The MIDF Research has also viewed prolonged disruption inthe global supply chain, rising commodity prices and higher import costs to beamong downside risks to growth outlook.
Meanwhile, it noted that Malaysia's total trade stood at 203billion RM (48.39 billion USD) in the first month of 2022, increasing 24.8 percent annually, drivenby sustained growth in both exports and imports. In addition, the country’s Januaryheadline inflation recorded a four-month low, dragged by lower price growth ofnon-food./.
The International Monetary Fund (IMF) has forecast that Malaysia’s real gross domestic product (GDP) growth will accelerate to about 5.75 percent in 2022.
Malaysian tourism operators want a specific date for the country’s reopening of its border reopening, noting that further postpone would only lead to a massive loss to the industry.
Malaysia reported 32,070 new COVID-19 infections as of 0:00am on February 25, the highest daily spike since the outbreak, bringing the national total to 3,337,227, according to the country's health ministry.
About 12,000 people in Malaysia had to evacuate from their homes after heavy rain caused flooding in the country's northern states on weekends, reported local media.
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.
People on a street in Malaysia's Kuala Lumpur on May 28, 2020 (Photo: AFP/VNA) 
