Malaysia considers taking measures to stablise ringgit
Muhammad Ibrahim, Governor of the Central Bank of Malaysia, said on February 7 that the continuous devaluation of ringgit forced the bank to consider more measures to stablise the currency if necessary.
Hanoi (VNA) – Muhammad Ibrahim, Governorof the Central Bank of Malaysia, said on February 7 that the continuousdevaluation of ringgit forced the bank to consider more measures to stablisethe currency if necessary.
Muhammad Ibrahimsaid new measures are only applied if they are necessary and they will not includecontrolling capital and adjusting exchange rate but focus on stablising ringgitand ensure the market’s liquidity.
Ringgit is thecurrency with the deepest devaluation among emerging markets in Asia sinceDonald Trump was elected as President of the United States in November 2016.
Since November9, 2016, ringgit has lost 5.3 percent of its value against US dollar.
The measures takenby the Central Bank of Malaysia will need from three to six months to proveeffecti🔥ve.-VNA
The Malaysian Department of Immigration said Malaysia would begin issuing the card ‘E-kad’ for illegal foreign workers to temporarily legalise their jobs as from February 15.
Twenty-three Chinese tourists have been rescued after their boat sank off the eastern Malaysian state of Sabah, a local authority confirmed on January 29.
Malaysians will spend less in 2017 due to increasing price and economic uncertainties, the local news website Freemalaysiatoday reported on February 3, quoting the latest HSBC Global Research.
The Malaysian Anti-Corruption Commission (MACC) has asked for permission to access data sources on incomes and asset declaration of public servants, including cabinet members.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: AFP/VNA)
