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"Pada hari ini dalam tahun 1965, Kongres Ekonomi Bumiputera yang pertama telah dibuka dengan rasminya oleh Perdana Menteri, Tunku Abdul Rahman Putra, di Dewan Tunku Abdul Rahman, Kuala Lumpur. Turut hadir dalam upacara tersebut ialah Timbalan Perdana Menteri merangkap Menteri Pembangunan Negara dan Luar Bandar, Tun Abdul Razak, Menteri-menteri Kabinet, Ketua-ketua Perwakilan Diplomatik dan 500 orang wakil kongres dari semua negeri di Malaysia. Kongres yang berlangsung selama tiga hari tersebut telah dipengerusikan oleh Menteri Pelajaran, Encik Mohd. Khir Johari. Sebanyak 10 kertas kerja mengenai pembentukan modal perniagaan dan perdagangan, perkhidmatan, pemasaran, latihan, penyertaan bumiputera dalam lapangan perusahaan dan mengenai tanah dibincangkan. Perbincangan itu berjaya meluluskan sebanyak 70 resolusi dalam sidang pelancarannya yang ketiga. Di antara resolusi-resolusi yang penting ialah:mencadangkan nama RIDA diganti dengan MARA iaitu Majlis Amanah Rakyat Bumiputera;meminta kerajaan Malaysia menubuhkan suatu Bank Bumiputera Malaysia, sebagai satu bank perniagaan biasa yang dimodali oleh kerajaan, dan hak milik bank itu akhirnya diserahkan kepada bumiputera dengan cara menjual saham-sahamnya;meminta Kerajaan Pusat mengadakan mesyuarat alim ulamak Malaysia untuk membincangkan penyatuan undang-undang zakat fitrah dan Baitulmal dan cara-cara mengutipnya."


Have you had your daily dose of fun? It's not just enjoyable, it's also essential for your health and happiness, says science journalist Catherine Price. She proposes a new definition of fun -- what she calls "true fun" -- and shares easy, evidence-backed ways to weave playfulness, flow and connection into your everyday life.




Regional Economic Forum 2024 - ISEAS

ISEAS – Yusof Ishak Institute (ISEAS) 尤索夫伊萨东南亚研究院, formerly Institute of Southeast Asian Studies, was established as an autonomous organisation by an Act of Parliament in 1968. It was renamed ISEAS – Yusof Ishak Institute in August 2015 in honour of Singapore’s First President, Mr Yusof Ishak.
The Regional Outlook Forum (ROF) is ISEAS - Yusof Ishak Institute’s flagship event. Held annually in January, the forum highlights developments on the horizon that regional stakeholders, including those from the government and private sectors, should anticipate. Distinguished scholars and analysts of international repute will provide insights on political, economic and security challenges affecting the region...

Mr Choi Shing Kwok, Director and CEO of ISEAS - Yusof Ishak Institute, delivering the Welcome Remarks of the 27th edition of Regional Outlook Forum on Wednesday, 10 January 2024.

Tan Sri Anifah Aman, Senator, Dewan Negara Malaysia, Former Minister of Foreign Affairs, Malaysia (2009-2018) delivering the Keynote Address of the 27th edition of Regional Outlook Forum on Wednesday, 10 January 2024.


The ASEAN economic outlook for 2025 remains resilient, with growth projected at around 4.7% and inflation expected to stay around 3%. While the region has shown robust growth and inflation has largely returned to targets, there are concerns about potential near-term slowdown due to external factors like the impact of US tariffs and global economic headwinds. Here's a more detailed breakdown:
Resilient Growth:
ASEAN economies are expected to maintain a growth rate of around 4.7% in 2025, according to an article in NST Online. This growth is driven by steady domestic demand, particularly in Malaysia, where household spending has been sustained by positive labor market conditions and income-related policy measures, according to Bank Negara Malaysia.
Inflation Expectations:
Inflation in ASEAN is expected to remain at a moderate level, hovering around 3%, according to an article in NST Online. This suggests that inflationary pressures are being contained and price stability is expected to be maintained.
Near-Term Risks:
Despite the overall positive outlook, there are some concerns about the near-term prospects for ASEAN due to the impact of external factors like US tariff announcements and global economic headwinds, according to the IMF. These factors could potentially slow down growth in the region and increase the risk of lower-than-expected demand and asset price volatility.
Policy Challenges:
Policy makers in ASEAN are facing the challenge of balancing near-term support for the economy with external stability and long-term economic goals like fiscal consolidation and productivity gains, according to the IMF. This requires a careful approach to policy implementation, considering the impact of external shocks and the need to maintain long-term economic stability.



Notwithstanding robust growth and inflation largely returning to targets in 2024, the outlook for the region has been downgraded in the near-term in tandem with that for the global economy. This is mainly due to the recent tariff announcements by the United States, countermeasures by trading partners, and the unpredictability accompanying these changes. Asia-Pacific is both strongly exposed to the shock and faces a larger shock than other regions. Growth for the region is projected to slow to around 3.9 percent and 4.0 percent in 2025 and 2026, respectively, down from 4.6 percent in 2024 and 4.4 percent in 2025. Lower external demand, a soft tech cycle, and subdued private consumption will weigh on activity. Risks are tilted to the downside in the face of the region’s greater vulnerability to the uncertain trade environment and weaker-than-expected global demand as well as asset price volatility increasing the potential for disrupting capital flows and investment. Policy challenges remain acute, requiring a careful balance between near-term support for the economy and external stability, while pressing ahead with fiscal consolidation, stronger domestic demand, productivity gains, and deeper regional integration over the medium term.

The near-term economic outlook for the ASEAN region in 2024 remains positive, supported by the continued expansion of domestic demand in a number of large Southeast Asian economies. Foreign direct investment inflows are also expected to remain strong, as multinationals continue to diversify their manufacturing supply chains towards Southeast Asian industrialized nations. The ASEAN tourism industry, which is an important part of the economy for a significant number of nations in the region, is expected to continue to recover during 2024, as international tourism flows continue to normalize towards pre-pandemic levels in many Southeast Asian countries. Over the next decade, the ASEAN region is therefore expected to continue to be one of the fastest-growing regions of the global economy and an increasingly important growth engine for the Asia-Pacific (APAC).

TheSun.my - Biz & Finance: Bank Negara Malaysia’s (BNM) international reserves amounted to US$110.5 billion (US$1=RM4.68) as of Nov 15, 2023. The central bank said the reserves position is sufficient to finance 5.3 months of goods and services imports and is 1.0 time the total short-term external debt...

TheSun.my - Biz & Finance: Malaysia’s headline inflation rate stood at 1.5% in December 2023 with the Consumer Price Index (CPI) at 131.2 points compared with 129.2 points in the same month of the previous year, according to the Department of Statistics Malaysia....

TheSun.my - Biz& Finance: HSBC Malaysia anticipates the local electrical and electronics (E&E), domestic consumption and tourism sectors to drive the local economy’s gross domestic product (GDP) to grow to 4.5%, higher compared with 2023.)...

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BNM says falling ringgit doesn’t reflect economy’s prospects. It’s tumble has been influenced by ‘external factors’.

BNM Governor: Malaysia Not In Crisis Despite Falling Ringgit

The Future Of AI: 5 Things To Expect In The Next 10 Years - (1) AI and ML will transform the scientific method, (2) AI will become a pillar of foreign policy, (3) AI will enable next-gen consumer experiences, (4) Addressing the climate crisis will require AI, and (5) AI will enable truly personalized medicine...Read more.