KOTA KINABALU: Malaysians need to understand and accept that the country, being an open market economy, is exposed to the effects arising from global ...
: Malaysians need to understand and accept that the country, being an open market economy, is exposed to the effects arising from global economic uncertainty, according to Economy Minister Rafizi Ramli.
“Hence, as a trading nation which relies on exports for our revenue, whether electronics, palm oil, petroleum or other products, we will continue to be exposed to factors beyond our control,” he told reporters after officiating the launch of the Sabah PKR State Leadership Council office here today.
As an example, Rafizi said, although Malaysia has nothing directly to do with the US Federal Reserve’s interest rate decisions, its economy could still be influenced by adopting the open trade policy. “Every time such a geopolitical conflict happens, fund managers globally need to take action to safeguard their investments.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kota Kinabalu authority delays eviction of Sembulan water villagers after testy dialogue todayKOTA KINABALU, Sept 21 — The Kota Kinabalu City Hall (DBKK) said it will defer proposed work on the pre-war Sembulan water village until another engagement with landowners next...
Read more »
Malaysia Day 2024 rehearsal complete, Fahmi hints at a ‘very special’ celebration in Kota KinabaluKOTA KINABALU, Sept 15 — The 2024 Malaysia Day 2024 celebration on Sept 16 at Padang Merdeka here will be very special especially with interesting performances, said...
Read more »
Anwar Ibrahim To Officially Launch National Malaysia Day Celebration In Kota KinabaluPrime Minister Datuk Seri Anwar Ibrahim is scheduled to officially launch the national-level Malaysia Day celebration at Padang Merdeka in Kota Kinabalu tonight. The event, themed 'Malaysia Madani: Jiwa Merdeka,' will see performances by renowned artists like Akim, Stacy, Amir Jahari, Gary Chaw, and Faizal Tahir.
Read more »
Come rain or shine: Over 40,000 brave downpour for Malaysia Day celebration in Kota KinabaluKOTA KINABALU, Sept 17 — Padang Merdeka once again witnessed the spirit of independence, with over 40,000 people of all ages, races and religions turning up to express their love...
Read more »
Jaecoo opens first East Malaysian dealership in Kota Kinabalu – “geometric” 3S showroom off Jalan LintasJaecoo is expanding to East Malaysia with a new dealership in Kota Kinabalu, Sabah. The striking “geometric” showroom, operated by Universal Jaecoo, is located on Jalan Limau Manis Iramanis, off the city’s main arterial road …
Read more »
School clerks hospitalised after suspected ammonia leak in Kota KinabaluTOKYO (SCMP): A Japanese man is facing a two-year prison sentence for secretly filming 1,000 women bathing in several hot springs using cameras embedded in fake rocks.
Read more »