Malaysia’s economy is expected to grow strongly this year, regaining momentum after COVID-19 infections disrupted its recovery in the third quarter of last year, according to the ASEAN Plus Three Macroeconomic Research Office (AMRO).
People on a street in Malaysia's Kuala Lumpur on May 28, 2020 (Photo: AFP/VNA)
Kuala Lumpur (VNA) – Malaysia’s economy isexpected to grow strongly this year, regaining momentum after COVID-19infections disrupted its recovery in the third quarter of last year, accordingto the ASEAN Plus Three Macroeconomic Research Office (AMRO).
The office said while the country was currently experiencinga resurgence of infection by the Omicron variant, symptoms were much milder,thanks in large part to the almost 80 percent vaccination rate of thepopulation.
The continuing vaccination programme and adequate healthcarecapacity should keep Malaysia open to allow a sustained rebound in domesticdemand. Accordingly, policies should be adjusted to support a robust andsustainable recovery, said AMRO.
According to the lead economist of a AMRO team, Dr. SumioIshikawa, the Malaysian economy will grow by 6 percent in 2022 from 3.1 percentin 2021.
This year's growth will be driven by a sustained rebound indomestic demand, as economic and social activities continue to recover despitethe Omicron wave, he said, adding that Malaysia's exports should remainsupported by buoyant global demand, as well as increased production capacity./.
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 Prime Minister Ismail Sabri Yaakob touched upon matters concerning the East Sea during a meeting with Sultan of Brunei Hassanal Bolkiah on February 15.
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.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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.
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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.
People on a street in Malaysia's Kuala Lumpur on May 28, 2020 (Photo: AFP/VNA) 
