Petronas Twin Tower in Kuala Lumpur, Malaysia. (Photo: thesundaily.my)
Kuala Lumpur (VNA)👍 - Malaysia's GDP will expand by 4-5% next year if macroeconomic stability is ensured, said Shan Saeed, global chief economist at Juwai IQI.
According to the expert, Malaysia has a stable and strong economy thanks to solid macroeconomic foundations. The Southeast Asian country's economy is in a growth phase despite the potential impact from a number of global challenges such as geopolitical tensions and rising interest rates in developed countries. Regarding the local currency ringgit (RM), the expert said the exchange rate will fluctuate between 4.17-4.44 RM per USD based on several factors. Firstly, the US dollar will weaken in 2024 because the US Federal Reserve plans to lower interest rates to stimulate the economy. This will cause the ringgit to appreciate in 2024, he said. Secondly, higher oil prices will boost the currency as oil is one of Malaysia's main exports. Thirdly, the tourism industry will support the economy as more tourists visit the country, thereby helping to boost local business and consumption. Finally, foreign direct investment (FDI) will flow into Malaysia from many different sources such as China, Singapore, Europe and the US. The expert said that FDI is essential for macroeconomic development because it represents the Malaysian Government's efforts to ensure the country's policy stability and growth potential. Shan held that the Malaysian Government under the leadership of Prime Minister Anwar Ibrahim is trying its best to keep the economic momentum going and this is very important for the macroeconomic outlook. The expert also emphasised that consumption and investment are the main drivers of economic growth. Meanwhile, various sectors, such as manufacturing, construction, real estate, technology and energy are attracting active investment both domestically and internationally./.
Director-General of Malaysia’s Islamic Tourism Centre (ITC) Nizran Noordin has said if a relic or historical site is on the list of national heritage, that place will become a conservation area and the management agency will have a comprehensive annual conservation plan. The guidelines will focus on factors related to the national heritage such as environment, communication, traffic management, among other features.
Malaysia’s digitalnewsasia.com on December 20 reported findings from consulting firm Oxford Economics’ recent research commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW), saying that it offers a positive assessment of Vietnam's economy in 2023 and forecasts a bright outlook for a medium term.
Malaysia’s state-owned Petroliam Nasional Bhd (Petronas) has released its 2024-2026 Activity Outlook, outlining forecast activities which call for greater collaboration with oil and gas service and equipment (OGSE) providers to ensure energy demand is met while ramping up its clean energy initiatives.
Malaysia maintained its trade surplus in November, valued at 12.41 billion MYR (2.68 billion USD), making it the 43rd consecutive month of trade surplus.
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.
Petronas Twin Tower in Kuala Lumpur, Malaysia. (Photo: thesundaily.my) 
