BNM governor says US exiting TPP as unfortunate turn around


Bank Negara Malaysia deputy governor Datuk Muhammad Ibrahim : "We have now reached a critical juncture in our migration to e-payments.


KUALA LUMPUR: Malaysia has voiced its disappointment at the United States' move to exit the Trans-Pacific Partnership (TPP) trade agreement.

Describing the move as an unfortunate turn around for the global economy, Bank Negara Malaysia (BNM) Governor Datuk Muhammad Ibrahim said many things have been left unclear with United States' withdrawal from the agreement.

“This has caused disorientation of the world corporation.  

"Closing borders, building walls are not right as policy makers must be more connected with the needs of the people, not detached from them,” he said at the BNM-IMF Summer conference here on Tuesday. - Bernama

 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Shell says it remains committed to mobility business in Malaysia
Federal Court rules in SC’s favour, Ricky Wong’s leave application dismissed
Regional expansion to bode well for CTOS
Miti: Semiconductor industry offers Malaysia chance for exponential growth
Ringgit slightly higher at the close
Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits all-time high market capitalisation of more than RM2 trillion
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme

Others Also Read