LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 

Govt Interpretation Of ART Aligns With Good Governance, International Obligations

KUALA LUMPUR, Feb 10 (Bernama) — The government interprets Article 6.2 of the Agreement on Reciprocal Trade (ART) in a manner consistent with good governance practices, the principles of fair competition in commercial activities, and Malaysia’s international obligations.

The Investment, Trade and Industry Ministry (MITI) said all commitments under ART are interpreted in alignment with the Federal Constitution, domestic legislation and national socio-economic policies.

“However, this clause does not impose an absolute prohibition on all forms of government support.

“Government assistance that is specifically provided to fulfil public service obligations is permitted,” MITI said in a written reply to the Dewan Rakyat published on the Parliament website today.

This includes national development requirements, security needs and social considerations, which are allowed as they are not regarded as non-commercial assistance that unfairly distorts competition.

MITI was responding to a question from Mohd Syahir Che Sulaiman (PN–Bachok) on how the government interprets and implements Article 6.2 of the Malaysia–US Agreement on Reciprocal Trade.

— BERNAMA