logo
Boosting ties with Kyrgyz Republic

Boosting ties with Kyrgyz Republic

The Star26-06-2025
PUTRAJAYA: Malaysia and the Kyrgyz Republic have agreed to collaborate on developing Islamic banking and boosting trade in halal products, with Malaysia offering its expertise in both sectors to help establish relevant facilities and services in the Kyrgyz Republic.
Prime Minister Datuk Seri Anwar Ibrahim said during his meeting with president Sadyr Zhaparov, both leaders also discussed setting up Islamic banks to create better financial systems.
'Of course, we discussed the issue of Islamic banking, halal, construction, financial arrangements and programmes, including the setting up of Islamic banks.
'There will be follow-up meetings by our ministers. You have brought key ministers to Malaysia, and my colleagues will certainly respond to that, more in terms of securing better understanding and friendship, but also to ensure the bilateral programmes and projects in terms of trade investments can continue,' he said.
Anwar said this at a joint press conference with Zhaparov at Seri Perdana here yesterday, reported Bernama.
As part of bilateral partnership, Anwar, who is also the Finance Minister, said Malaysia and the Kyrgyz Republic have agreed to explore the halal cooperation action plan proposed by Zhaparov.
'This will all be further explored...and of course you (Kyrgyz Republic) have this great capacity in terms of hydropower, green energy, renewable energy, which Malaysia would certainly be very interested to understand, study and also benefit,' he said.
The Kyrgyz Republic has substantial hydropower potential. It is the country's primary source of electricity, accounting for nearly 90% of its production.
The Prime Minister also said Malaysia and the Kyrgyz Republic have agreed to enhance collaboration in education and research, emphasising its impetus to foster greater people-to-people ties as well as expand on both social and economic potential of both countries.
In this regard, Anwar said Malaysia will be extending its technical and educational assistance via the Malaysian Technical Cooperation Programme for the Kyrgyz people.
'Our institutions, of course, will be available for you to identify people to be trained, and we will certainly be more appreciative if we can also have exchanges with you,' he added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit opens slightly higher ahead of Fed speech
Ringgit opens slightly higher ahead of Fed speech

The Star

time8 minutes ago

  • The Star

Ringgit opens slightly higher ahead of Fed speech

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar and a basket of major currencies on Friday as investors awaited policy signals from the US Federal Reserve (Fed) at the Jackson Hole Economic Policy Symposium later in the day. At 8 am, the ringgit stood at 4.2200/2400 compared with Thursday's close of 4.2235/2275. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said markets were anxious about what Fed chairman Jerome Powell would say in his speech at the symposium tonight. "The ringgit appreciated against the US dollar by 0.04 per cent yesterday. Hence, we expect the ringgit versus US dollar to remain in a narrow range between RM4.22 and RM4.23 today as traders and investors await the latest assessment by the Fed chairman tonight,' he told Bernama. Meanwhile, the US Dollar Index (DXY) was 0.41 per cent higher at 98.619, supported by improved business sentiment reflected in the PMI data. The US Flash Composite Purchasing Managers' Index (PMI) rose to an eight-month high of 55.4, underpinned by sustained growth in the services sector and improving activity in manufacturing industries. "However, the survey responses showed that higher import tariffs are affecting cost structures and margins, with most businesses planning to pass the additional cost on to consumers,' he added. At the opening today, the ringgit was also higher against a basket of major currencies. It rose against the British pound to 5.6616/6884 from 5.6899/6953 on Thursday, inched up vis-à-vis the Japanese yen to 2.8431/8568 from 2.8595/8626 and increased against the euro to 4.8998/9231 from 4.9226/9263. At the same time, the local note traded higher against other ASEAN currencies but was flat against the Philippine peso at 7.40/7.44. It strengthened versus the Singapore dollar to 3.2741/2899 from 3.2819/2853 at Thursday's close, gained against the Thai baht to 12.9139/9822 from 12.9460/9638 and edged up vis-à-vis the Indonesian rupiah to 259.0/260.4 from 259.2/259.6 previously. - Bernama

Ringgit opens slightly higher ahead of FED speech
Ringgit opens slightly higher ahead of FED speech

The Sun

time8 minutes ago

  • The Sun

Ringgit opens slightly higher ahead of FED speech

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar and a basket of major currencies on Friday as investors awaited policy signals from the US Federal Reserve (Fed) at the Jackson Hole Economic Policy Symposium later in the day. At 8 am, the ringgit stood at 4.2200/2400 compared with Thursday's close of 4.2235/2275. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said markets were anxious about what Fed chairman Jerome Powell would say in his speech at the symposium tonight. 'The ringgit appreciated against the US dollar by 0.04 per cent yesterday. Hence, we expect the ringgit versus US dollar to remain in a narrow range between RM4.22 and RM4.23 today as traders and investors await the latest assessment by the Fed chairman tonight,' he told Bernama. Meanwhile, the US Dollar Index (DXY) was 0.41 per cent higher at 98.619, supported by improved business sentiment reflected in the PMI data. The US Flash Composite Purchasing Managers' Index (PMI) rose to an eight-month high of 55.4, underpinned by sustained growth in the services sector and improving activity in manufacturing industries. 'However, the survey responses showed that higher import tariffs are affecting cost structures and margins, with most businesses planning to pass the additional cost on to consumers,' he added. At the opening today, the ringgit was also higher against a basket of major currencies. It rose against the British pound to 5.6616/6884 from 5.6899/6953 on Thursday, inched up vis-à-vis the Japanese yen to 2.8431/8568 from 2.8595/8626 and increased against the euro to 4.8998/9231 from 4.9226/9263. At the same time, the local note traded higher against other ASEAN currencies but was flat against the Philippine peso at 7.40/7.44. It strengthened versus the Singapore dollar to 3.2741/2899 from 3.2819/2853 at Thursday's close, gained against the Thai baht to 12.9139/9822 from 12.9460/9638 and edged up vis-à-vis the Indonesian rupiah to 259.0/260.4 from 259.2/259.6 previously. - Bernama

Bioeconomy Corp, Invest Sabah team up to boost ecosystem
Bioeconomy Corp, Invest Sabah team up to boost ecosystem

Daily Express

time38 minutes ago

  • Daily Express

Bioeconomy Corp, Invest Sabah team up to boost ecosystem

Published on: Friday, August 22, 2025 Published on: Fri, Aug 22, 2025 By: Bernama Text Size: Kota Kinabalu: The Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation) has formed a strategic collaboration with Invest Sabah Bhd through the Bioeconomy Tour 2025. The partnership is aimed at strengthening Sabah's bioeconomy ecosystem, thereby opening more economic opportunities and sustainable development for the people of the state. Advertisement Bioeconomy Corporation's chief executive officer (CEO) Mohd Khairul Fidzal Abdul Razak said the collaboration also involves close cooperation with nine related agencies in Sabah as an integrated initiative to support the Ministry of Science, Technology and Innovation's mission to position Malaysia as a global technology developer by 2030. He noted that the encouraging participation in the 2024 Sabah Bioeconomy Tour reflects the huge potential of biotechnology and bio-based industries in the state. He is confident that with strategic support from state agencies in this year's tour series, there will be more positive changes driving growth in the sector. 'We focus on how to assist national biotechnology companies, especially those in Sabah. Earlier, we launched six bio-based products from local companies. 'With this programme, we hope to help more local companies develop products with potential for both local and international markets,' Mohd Khairul told reporters after attending the Bioeconomy Tour 2025 here. For this year, the Bioeconomy Corporation aims to hold the Bioeconomy Tour programme at six strategic locations, with over 200 participants nationwide and launch 60 new products or innovations. For the Sabah edition, he said they will introduce the BioSynergy programme through a strategic partnership with POIC Lahad Datu to drive research, technology transfer, talent development, and support for local enterprises. Mohd Khairul said the initiative aims to strengthen expertise and enhance the competitiveness of Bio-based Accelerator (BBA) and BioNexus-status companies in Sabah, as both play a vital role in the bioeconomy ecosystem. 'More than 630 companies across Malaysia have recorded approved investments totalling RM8.7 billion up to the second quarter of 2025. 'This underscores that continuous support for these companies will have an even greater and sustainable impact on STI-based economic development in Malaysia,' he said. Mohd Khairul also said that they are committed to further advancing BBA and BioNexus-status companies in line with set targets to enable the industry to contribute five per cent to gross domestic product growth. Meanwhile, Invest Sabah CEO Dr Firdaus Suffian said in his speech that they are confident the collaboration with Bioeconomy Corporation will not only strengthen the local bioeconomy ecosystem but also open opportunities for investors, innovative companies, and local communities to participate directly in the development of the bio-based industry. 'As a state development agency responsible for attracting investments and driving economic growth, we see this opportunity as a strategic platform to support the growth of biotechnology and bio-based industries in Sabah and to increase economic opportunities for the people. 'This initiative is also a chance to drive innovation and promote Sabah as a destination for strategic technology investments. Therefore, strengthening cooperation with the Bioeconomy Corporation is a crucial step to ensure programs like the Bioeconomy Tour have maximum impact,' he said. Firdaus also said that Invest Sabah is anticipating that more BBA and BioNexus-status companies can be developed in Sabah. 'The active involvement of these companies in the Bioeconomy Tour not only opens opportunities for talent development and innovation commercialisation but also contributes significantly to Sabah's and the nation's economic growth,' he said. Firdaus added that Sabah's potential in bioeconomy is too vast to ignore, given the state's biodiversity can still be explored and sustainably harnessed to produce various high-value products through bio-based technology. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store