Malaysia

KUALA LUMPUR, March 10 (NNN-Bernama) — Nokia, the technology leader across mobile, fixed and cloud networks, remains committed to supporting enterprises in Malaysia in their digital transformation journey and advancing the nation’s Industry 4.0 roadmap throughout 2023.

Managing director for Malaysia, Sri Lanka and Maldives Mohd Rauf Nasir said Malaysia is an extremely important market to Nokia, and the group will continue to focus efforts on helping communication service providers (CSPs) and enterprises throughout the 5G and Industry 4.0 transformation journey.

KUALA LUMPUR, March 10 (Xinhua) -- Malaysia's palm oil stocks fell 6.56 percent from January to 2.12 million tons in February, official data showed Friday.

According to the Malaysian Palm Oil Board, Malaysia's crude palm oil production also decreased by 9.35 percent month-on-month to 1.25 million tons in February.

Meanwhile, the country's palm oil exports slipped 1.99 percent month-on month to 1.11 million tons.

Palm oil imports, on the other hand, plunged 63.81 percent month-on-month to 52,446 tons.

KUALA LUMPUR, Malaysia (AP) — Former Prime Minister Muhyiddin Yassin was charged Friday with corruption and money laundering, making him Malaysia’s second ex-leader to be indicted after leaving office.

Muhyiddin, 75, pleaded innocent to four charges of abusing his power to obtain 232.5 million ringgit ($51.4 million) bribes for his party and two charges of money laundering involving 195 million ringgit ($43 million). His party said he is expected to face an additional charge on Monday.

PUTRAJAYA (Malaysia), March 9 (NNN-Bernama) — The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Muhyiddin Yassin was arrested Thursday and will be charged in a Kuala Lumpur court Friday.

MACC, in a statement, said Muhyiddin will be slapped with several charges under the MACC Act 2009 and Section 4(1)b of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).

PUTRAJAYA, Malaysia (AP) — Former Malaysian Prime Minister Muhyiddin Yassin was grilled Thursday by anti-graft agency officials for a second time in a matter of weeks and reportedly will be charged over alleged corruption connected with awarding of government contracts while he was in office.

The agency chief, Azam Baki, told the national Bernama news agency that Muhyiddin, 75, will be charged in court Friday. He did not give details. The agency said it will issue a statement later in the day.

KUALA LUMPUR, March 8 (NNN-Bernama) — Malaysian government is targeting a 20 per cent growth in foreign direct investment (FDI) and domestic direct investment (DDI) this year, up from the RM163.3 billion (US$36.1 billion) (US$1 = RM4.52) and RM101.3 billion (US$22.4 billion) recorded in 2022, respectively.

International Trade and Industry Minister Tengku Zafrul Abdul Aziz said that although this is a tall order given the challenges, investments are more long-term in nature and companies that look into Malaysia would look at a longer time horizon.

PUTRAJAYA (Malaysia), March 8 (NNN-Bernama) — Malaysia maintains that it does not recognise the purported commercial arbitration instituted by Sulu Claimants and will continue to vigorously defend its sovereignty through the appropriate legal forums, said the Special Sulu Secretariat.

The secretariat said this in response to recent media headlines referring to the purported seizure or attempted seizure of the Embassy of Malaysia in France by the Sulu Claimants through French bailiffs.

KUALA LUMPUR, March 7 (NNN-Bernama) — Malaysian ringgit opened marginally higher against the US dollar Tuesday as the greenback took a breather following a small pullback in Treasury yields Monday and ahead of the United States (US) Federal Reserve’s (Fed) Semiannual Monetary Report to Congress, said an analyst. 

At 9.00 am, the local note rose to 4.4740/4795 versus the greenback from Monday’s closing of 4.4760/4800.   

KUALA LUMPUR, March 7 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, rebounded to open slightly higher Tuesday ahead of Bank Negara Malaysia’s (central bank) interest rate decision in the next two days.

At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.88 of-a-point to 1,453.56 from yesterday’s close of 1,452.68.

The key index opened 1.29 points better at 1,453.97.

Market breadth was positive with gainers surpassing decliners 150 to 135, while 228 counters were unchanged, 1,717 untraded and 11 others suspended.

KUALA LUMPUR, Malaysia (AP) — Malaysian police have found the body of a young woman trapped in a car that was swept away by rushing waters, the fifth death of seasonal floods that have also forced more than 43,000 people to flee their homes.

Police said in a statement Monday that a 23-year-old woman reported missing was believed to be driving to work earlier in the day on a flooded road in southern Johor state when her car was washed away. Rescuers retrieved the car hours later and found her body.