ASEAN local currency transactions promoted World

ASEAN local currency transactions promoted

The Philippines has agreed to join the local currency settlement (LCS) framework which Indonesia, Thailand and Malaysia have operated over the past two years, in an effort to expand intra-ASEAN trade and investment as well as strengthen the regional economic integration.
Malaysia's economy grows 4.7 percent in 2018 World

Malaysia's economy grows 4.7 percent in 2018

Malaysia posted a gross domestic product (GDP) growth of 4.7 percent in the fourth quarter (Q4) of last year, leading to an overall economic growth of 4.7 percent in 2018, Bernama news agency reported.
Malaysia sets up committee for 1MDB probe World

Malaysia sets up committee for 1MDB probe

Malaysia has set up a special committee to probe matters relating to the state fund 1Malayia Development Berhad (1MDB), announced the country’s Council of Eminent Persons on May 17.
Malaysia enjoys high economic growth in Q1 World

Malaysia enjoys high economic growth in Q1

Malaysia’s economic growth in the first quarter of 2017 reached 5.6 percent, higher than the 4.1-percent rise in the same time last year and the highest rate in the recent two years, according to Bank Negara Malaysia (BNM).
Malaysia to apply new exchange rate ASEAN

Malaysia to apply new exchange rate

Bank Negara Malaysia (BNM) and the Financial Markets Association of Malaysia (FMA) announced that a new methodology in the US dollar/ringgit (USD/MYR) spot fixing will be based on market transaction.