The headquarters of the Malaysian Central Bank (Photo: malaysia-chronicle)
Kuala Lumpur (VNA) - The World Bank (WB) has projectedMalaysia’s economy to become a high-income country at some point between 2020and 2024.
Malaysia’s national news agency Bernama quoted the bank as saying that theMalaysian economy will expand 4.7 percent in 2019 and 4.6 percent in 2020despite challenges.
For 2018, the country’s economic growth is expected to stand at 4.9 percent,underpinned by continued strong growth in private consumption. Lastyear, the figure was 5.9 percent.
“As a highly-open economy, Malaysia will continue to face substantial risksrelating to uncertainty in the external environment,” the WB said in its latesteconomic report on the region.
In Navigating Uncertainty, the Oct 2018 edition of the EastAsia and Pacific Economic Update, the World Bank said heightened financialmarket volatility – either triggered by shifting monetary policy expectationsin advanced economies, or crises in other regions – could spread acrossemerging economies, including Malaysia, through capital outflows and pressureson exchange rates.
“Another key risk relates to the escalation in protectionisttendencies and trade tensions in some major economies which could have anadverse impact on Malaysia, given its high level of integration with globalmarkets and its dependence on global value chains as a source of growth,” saidthe bank.-VNA
The Malaysian Central Bank on August 17 revised down the country’s growth forecast this year to 5 percent, after its gross domestic product (GDP) in the second quarter came in sharply below its expectation.
Malaysia and Singapore have reached an agreement regarding Malaysia's request to postpone the High Speed Rail (HSR) linking the two countries without compensation.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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.
The headquarters of the Malaysian Central Bank (Photo: malaysia-chronicle) 
