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BFM News @bfmnews.bsky.social · 08/01/2025

The ringgit is expected to stay firm in 2025, supported by strong domestic demand and improved tourism. Factors like US rate cuts, labour supply changes, and inflation will influence its strength. 🧵5

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BFM News @bfmnews.bsky.social · 08/01/2025

Inflation is expected to rise to around 3% due to factors like minimum wage hikes, EPF changes for foreign workers, and subsidy rationalisation. Despite this, it should remain within the finance ministry's target of 2-3.5%. 🧵4

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BFM News @bfmnews.bsky.social · 08/01/2025

He added that potential US tariffs on Malaysia’s exports are expected to have limited impact, based on historical data. Exports in key sectors like electronics, semiconductors, palm oil, and machinery continue to perform well. 🧵3

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BFM News @bfmnews.bsky.social · 08/01/2025

Soh said GDP growth will be driven by strong demand, robust investments, and growth in exports and tourism. However, risks include slower recovery in China, US policy shifts, global commodity price changes, and domestic inflation. 🧵2

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BFM News @bfmnews.bsky.social · 08/01/2025

Malaysia's economy is projected to remain steady in 2025 despite potential geopolitical tensions, says the Federation of Malaysian Manufacturers. FMM president Soh Thian Lai expects the GDP to grow between 4.5% and 5%, following 5.9% and 5.3% growth in Q2 and Q3 last year. 🧵1

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BFM News @bfmnews.bsky.social · 07/01/2025

Both leaders discussed the Flight Information Region, balancing Malaysia's connectivity with Singapore’s needs at Changi. Singapore PM Lawrence Wong underscored the importance of holistic and constructive dialogue. 🧵3

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BFM News @bfmnews.bsky.social · 07/01/2025

Anwar emphasized a "win-win" approach for both countries, stressing that unresolved issues shouldn't hinder collaboration in trade, energy, or digital investments. Talks also covered Sarawak's energy exports and the need for quarterly reviews to expedite negotiations 🧵2

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BFM News @bfmnews.bsky.social · 07/01/2025

Malaysia and Singapore will resume discussions on water supply, maritime delimitation, and airspace. PM Anwar said technical teams would outline the parameters of these complex issues. 🧵1

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BFM News @bfmnews.bsky.social · 07/01/2025

The government plans to tailor the zone to investor needs, targeting high-growth sectors like energy transition and data centres. Special personal income tax rates will be announced later by the Finance Ministry. 🧵4

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BFM News @bfmnews.bsky.social · 07/01/2025

Malaysia will offer tax incentives, including corporate tax breaks and green tech incentives, for businesses in JS-SEZ. Singapore will support its firms’ expansion, and discussions on upgrading Johor’s public transport are ongoing. 🧵3

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BFM News @bfmnews.bsky.social · 07/01/2025

Economy Minister Rafizi Ramli said both countries aims to launch 50 high-value projects and create 20,000 skilled jobs in five years. He believes the zone will attract global companies managing geopolitical risks and capitalize on Asean's growing economic significance. 🧵2

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BFM News @bfmnews.bsky.social · 07/01/2025

Malaysia and Singapore have launched the Johor-Singapore Special Economic Zone, covering 357,128 hectares, including Iskandar, Forest City, Pengerang, and Desaru. The goal is to attract 100 projects in 10 years, focusing on sectors like aerospace, electronics, and tourism. 🧵1

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BFM News @bfmnews.bsky.social · 06/01/2025

PDRM has stationed one battalion of the Senoi Praaq from Pengkalan Hulu for operations at the Malaysia-Thai border. The Senoi Praaq has taken over from the existing forces since Jan 1, and are now stationed at 17 General Operations Force posts. 🧵3

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BFM News @bfmnews.bsky.social · 06/01/2025

Kelantan police also noted that Yaba pills remain the most popular drug among addicts in the state, followed by syabu. In 2024, the state police seized over one tonne of Yaba pills. 🧵2

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BFM News @bfmnews.bsky.social · 06/01/2025

Kelantan police reported a decrease of over 90% in cross-border criminal activities, including drug smuggling, since the ban on illegal crossings. Seven individuals have been charged under the Immigration Act for entering Malaysia illegally. 📸: Bernama 🧵1 x.com/NewsBFM/sta...

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BFM News @bfmnews.bsky.social · 06/01/2025

Additionally, Loke said that JPJ enforcement officers will begin using body-worn cameras this year to enhance transparency and effectiveness. Previously, the department said the cameras would also prevent common misunderstandings that often arise during enforcement. 🧵4

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BFM News @bfmnews.bsky.social · 06/01/2025

Meanwhile, Loke said a task force will be set up to address heavy vehicle safety issues and implement immediate solutions. MOT will also review transport laws to introduce stricter penalties for overloading and enhance competency training for heavy vehicle operators. 🧵3

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BFM News @bfmnews.bsky.social · 06/01/2025

“Berbanding cara sekarang ini sangat manual. Kita kena tahan lori itu dan bawa ke stesen penimbang,” the Transport Minister added. 10 new cameras will be installed in high-risk accident areas and locations with heavy traffic. 🧵2

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BFM News @bfmnews.bsky.social · 06/01/2025

High Speed-Weigh in Motion cameras will start operating in Q3 2025 to combat overloaded vehicles on the roads. “(Kenderaan berat) lalu sahaja di sesuatu kawasan, adanya sensor, kita akan tahu sama ada kenderaan itu melebihi had muatan atau tidak,” Anthony Loke said. 🧵1 x.com/NewsBFM/sta...

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BFM News @bfmnews.bsky.social · 06/01/2025

Regarding X, Fahmi explained that MCMC is still addressing the matter. X previously stated its Malaysian user base does not meet the eight-million threshold for licensing. Tencent (WeChat) was the first to receive the ASP (C) licence, followed by ByteDance (TikTok). 🧵4

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BFM News @bfmnews.bsky.social · 06/01/2025

"Scam videos, deepfake, or online gambling on YouTube can be acted upon for violating our laws," Fahmi said. He noted discussions are ongoing, especially regarding YouTube Shorts which resemble TikTok content. 🧵3

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BFM News @bfmnews.bsky.social · 06/01/2025

Fahmi said Meta, which owns Facebook, Instagram, and WhatsApp, is still submitting documents to obtain its licence. He also urged MCMC to engage with Google for licensing and warned against violations on YouTube. 🧵2

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BFM News @bfmnews.bsky.social · 06/01/2025

Telegram has received the Application Service Provider Class Licence to operate in Malaysia, according to Communications Minister Fahmi Fadzil. This makes Telegram the third licensed provider under internet messaging and social media service regulations. 🧵1 x.com/NewsBFM/sta...

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BFM News @bfmnews.bsky.social · 06/01/2025

Meanwhile, Ng noted that suspending concert permits could disrupt Visit Selangor Year 2025 and harm concert organisers. He added one concert in Bandar Sunway was moved to KL but no other events face cancellation for now. 🧵3

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BFM News @bfmnews.bsky.social · 06/01/2025

Ng said urine tests could help bar drug users from entering concert venues. He stressed that cooperation with the police and local authorities will be key in implementing these measures. 🧵2

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BFM News @bfmnews.bsky.social · 06/01/2025

The Selangor government plans to recommend urine screening as an SOP for visitors to concerts, aiming to prevent drug use. State exco Ng Suee Lim said the SOP improvements might include scanning equipment to detect prohibited materials. 🧵1 x.com/NewsBFM/sta...

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