The ringgit last traded at 4.2410 per US dollar, its lowest since July 2020. (Photo: www.straitstimes.com)
Kuala Lumpur (VNA) – The Malaysian ringgit fell to a one-year low on August 16 in response to a possible change in the leadership of the Government of Malaysia.
The stock market in Kua Lumpur also slipped as investors were cautious about political development in this Southeast Asian country.
The ringgit last traded at 4.2410 per dollar, its lowest since July 2020, while the FTSE Bursa Malaysia index fell 0.6 percent in the first few minutes of trade.
Although the economic growth of Malaysia in the second quarter of this year reached 16.1 percent over the same period last year, the Central Bank of Malaysia (BNM) has decided to lower its economic growth for 2021 to 3-4 percent from the previous forecast of 6-7.5 percent due to the government's imposition of a nationwide lockdown amid the worsening COVID-19 pandemic.
BNM Governor Nor Shamsiah Yunus has recently said that after falling 17.1 percent in the same period last year, the country's Gross Domestic Product (GDP) in the second quarter of 2021 grew 16.1 percent year-on-year, higher than the previous market forecast of 14.3 percent.
🍌 Malaysia's economy increased by 7.8 percent in the first six months of 2021./.
The Malaysian Technology Development Corporation (MTDC) has partnered with SG Akademi Sdn Bhd (SGA) to strengthen talent development in the drone industry via the Centre of 9 Pillars (Co9P).
Malaysian Minister of International Trade and Industry Mohamed Azmin Ali said the government's finances are becoming “very constrained” as a surge in COVID-19 infections has once again forced the country into a lockdown.
Malaysia Digital Economy Corporation (MDEC) - the lead agency of digital transformation in Malaysia, has unveiled its five-year plan which sets a target of attracting 50 billion ringgit (about 11.84 billion USD) to the country’s digital economy.
Bank Negara Malaysia (BNM) and Bank Indonesia (BI) on August 2 agreed on the expansion of the ringgit-rupiah settlement framework between the two countries in accordance with a Memorandum of Understanding that was signed in 2016.
Data released by the Department of Statistics Malaysia (DOSM) on August 9 showed that Malaysia's manufacturing revenue in June increased by 6.5 percent year-on-year to 124.4 billion RM (29.6 billion USD) and up 1.3 percent from the previous month.
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 ringgit last traded at 4.2410 per US dollar, its lowest since July 2020. (Photo: www.straitstimes.com) 
