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Fitch Ratings revises Malaysia's outlook to stable

Wednesday, 1 July 2015.

KUALA LUMPUR: Malaysia's zest in continuously improving its economic fundamentals and the government's prudent fiscal management is paying off as rating agency Fitch has affirmed the country's long-term foreign currency rating at A- and revised upwards its outlook to stable from negative.


Najib conveys his prayers for families of passengers and crew of Indonesia’s Hercules aircraft

Wednesday, July 1, 2015 - 23:01

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak conveyed his prayers to the families of passengers and crew of the Indonesian Air Force’s Hercules C-130 aircraft that crashed in Medan, Indonesia yesterday.

No Malaysians involved in Medan air crash: Wisma Putra

Wednesday, July 1, 2015 - 18:10

KUALA LUMPUR: The Consulate General of Malaysia in Medan, Indonesia, has confirmed that no Malaysians were involved in the crash of a Hercules C-130 aircraft belonging to the Indonesian Air Force in Medan on Tuesday.

Govt taking firm steps to address concerns raised by Fitch: PM

Wednesday, July 1, 2015 - 17:08

KUALA LUMPUR: The government is taking firm steps to address concerns including the country’s narrowing current account surplus and smaller external liquidity ratio as raised by Fitch Ratings Agency, says Prime Minister Datuk Seri Najib Razak.

Fitch acknowledges Malaysia’s efforts: Treasury sec-gen

By AZURA ABAS and FAIRUZ MOHD SHAHAR - Wednesday, July 1, 2015 - 12:56

PUTRAJAYA: Fitch Ratings had acknowledged the structural reforms that the government has done such as subsidy rationalisation and revenue diversification via Goods and Services Tax (GST), said Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah.

Fitch’s stable outlook drives Ringgit higher

Wednesday, July 1, 2015 - 10:20

KUALA LUMPUR: The ringgit opened sharply higher against the US dollar this morning, bolstered by strong demand for the local note after the positive announcement by Fitch Ratings, which revised Malaysia’s outlook to stable.

Fitch’s stable outlook reflects govt’s financial management, policies: PM

Wednesday, July 1, 2015 - 10:12

KUALA LUMPUR: Fitch Ratings’ upward revision of Malaysia’s outlook to stable, is indeed a reflection of the government’s financial management and economic policies, says Prime Minister Datuk Seri Najib Razak.

Fitch Ratings revises Malaysia's outlook to stable

Wednesday, July 1, 2015 - 08:00

KUALA LUMPUR: Malaysia's zest in continuously improving its economic fundamentals and the government's prudent fiscal management is paying off as rating agency Fitch has affirmed the country's long-term foreign currency rating at A- and revised upwards its outlook to stable from negative.

At least 116 dead in Indonesia military plane crash

Tuesday, June 30, 2015 - 22:59

MEDAN, (Indonesia) : At least 116 people were killed Tuesday when an Indonesian air force transport plane crashed into a major city shortly after take-off and exploded in a fireball, officials said.

Ron95 up 10 sen, Ron97 up 20 sen a litre

Tuesday, June 30, 2015 - 22:34

KUALA LUMPUR: The retail price of RON95 petrol will go up by 10 sen and RON97 will increase by 20 sen a litre for July 2015, effective midnight.

No more fuel price change notice to public: Hasan Malek

Tuesday, June 30, 2015 - 21:47

KUALA LUMPUR: There will no longer be any notification on fuel price change to the public and such a notice will only be issued to retailers at midnight on the last day of the month.

Additional houses for police: PM

By KOI KYE LEE and HANI SHAMIRA SHAHRUDIN - Tuesday, June 30, 2015 - 20:55

KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak announced an additional 15,000 houses will be built for the police through a land swap deal.

PM witnesses Pan Borneo Sarawak highway MoU signing

By AZURA ABAS and FAZLEENA AZIZ - Tuesday, June 30, 2015 - 16:42

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak witnessed the signing of the memorandum of understanding (MoU) to build the Pan Borneo Sarawak highway between the Sarawak state government and Lebuhraya Borneo Utara Sdn Bhd in Putrajaya, today.

UPDATED: 20 dead after Indonesian military plane crashes in Medan

Tuesday, June 30, 2015 - 14:30

JAKARTA: An Indonesian military transport plane crashed shortly after take-off in a city on Sumatra island, exploding in a ball of flames and damaging nearby buildings.

National Service expected to resume in Jan: Hishammuddin

By Minderjeet Kaur - Tuesday, June 30, 2015 - 12:51

KUALA LUMPUR: The National Service (NS) programme which was put on hold last year is expected to hit the ground running again next January with new modules promising to be based on market needs and to prepare youths into the workforce.

Govt to prioritise healthcare system: PM

By A.AZIM IDRIS and FAIRUZ MOHD SHAHAR - Tuesday, June 30, 2015 - 12:45

PUTRAJAYA: The government plans to make Malaysia's healthcare system a priority area to enhance competitiveness in the medical tourism market.

Najib ready to receive constructive criticisms

Monday, June 29, 2015 - 22:25

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak tonight said he has never been afraid of accepting criticisms.

Second Malaysian injured in Taiwan water theme park explosion

Monday, June 29, 2015 - 22:03

KUALA LUMPUR: Another Malaysian Wah Liang Jie was injured in the explosion at the Formosa Water Theme Park, New Taipei City, Taiwan on Saturday, making him among two injured Malaysians identified so far.

No Malaysian casualties in France, Tunisia and Kuwait attacks

Monday, June 29, 2015 - 19:02

PUTRAJAYA: No Malaysian casualties have been reported in the terrorist attacks on June 26 in France, Tunisia and Kuwait, the Foreign Ministry said today.

RM880mil for state reserve fund

By Azura Abas - Monday, June 29, 2015 - 18:45

PUTRAJAYA: The National Finance Council has agreed to provide RM880 million to the State Reserve Fund with additional RM240 million fund for 2015 and RM110 million for 2016.

PM briefed on anti-profiteering operations

By A. Azim Idris - Monday, June 29, 2015 - 17:26

PURAJAYA: Prime Minister Datuk Seri Najib Razak today received a briefing from the Domestic Trade, Cooperatives, and Consumerism Ministry on their efforts to curb profiteering.

Recent commercial 1MDB & IPIC transaction not guaranteed by Govt: 1MDB

Monday, June 29, 2015 - 17:11

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) today clarified that neither the Ministry of Finance nor the government have provided guarantees for the recent commercial transaction between the company and International Petroleum Investment Corporation (IPIC).

Chong Wei wins Canada Open

Monday, June 29, 2015 - 16:35

KUALA LUMPUR: National badminton ace Datuk Lee Chong Wei achieved a back-to-back victory after clinching the 2015 Canada Open in Calgary today.

More EPF members want a syariah-compliant retirement scheme

By Minderjeet Kaur - Monday, June 29, 2015 - 14:41

KUALA LUMPUR: Some 71 per cent of the Employees' Provident Fund (EPF) members have agreed to have a syariah-compliant retirement scheme, Deputy Finance Minister Datuk Chua Tee Yeong said.

Government to wait for Thai police probe on Justo

By Minderjeet Kaur - Monday, June 29, 2015 - 14:26

KUALA LUMPUR: The government will wait for the outcome of the Thai police’s investigation into the allegations surrounding Swiss citizen Xavier Andre Justo before taking any action against him, said Second Finance Minister Datuk Seri Husni Hanadzlah.

Danger right under their noses

By TASNIM LOKMAN - Monday, June 29, 2015 - 11:02

BUTTERWORTH: FROM where we were, we could see it all — aircraft hangars, the control tower, aircraft dispersal areas with two Royal Australian Air Force P-3C Orions and two Nuri helicopters parked next to each other, the Alert 5 hangar, and aircraft shelters with several F/A-18D Hornets and British

Thank God, I was armed only with a camera...

By Farrah Naz Karim - Monday, June 29, 2015 - 11:01

“DID you guys realise that when you were about to land on the runaway after your morning sortie, you were at eye-level with me? I could actually see you in the cockpit.”

‘Justo went silent for 18 months before striking’

Monday, June 29, 2015 - 11:01

KUALA LUMPUR: SWISS national Xavier Andre Justo, in Thai police custody after he allegedly stole thousands of documents and emails from PetroSaudi, tried to blackmail the firm when he ran low on cash 18 months after leaving the firm, sources said yesterday.

Police seek Thai cooperation to question Xavier Justo: IGP

By KHAIRAH N. KARIM - Monday, June 29, 2015 - 10:31

KUALA LUMPUR: Malaysian police are expected to meet with their Thai counterparts on July 2 for a discussion on the PetroSaudi International ex-official, Xavier Andre Justo who is held by the Thai police over attempted blackmail and extortion against the company.

US manhunt over after second escaped NY inmate shot, captured

Monday, June 29, 2015 - 09:44

NEW YORK: A convicted murderer who escaped from a maximum-security New York prison three weeks ago was shot and captured Sunday, bringing an end to an intense manhunt that saw his fellow escapee shot dead.

Plane crashes into US home, killing 3 aboard

Monday, June 29, 2015 - 09:21

PLAINVILLE, Massachusetts: A small plane crashed into a house Sunday evening, killing three people on board, police said, but residents managed to flee as fire engulfed the home.