KUALA LUMPUR, March 6 — The Malaysian economy will not be affected by the government’s decision to declare the North Korean Ambassador to Malaysia, Kang Chol, as persona non grata.
Former International Trade and Industry Minister, Tan Sri Rafidah Aziz, said North Korea was not an important trade or investment partner.
“It is important to take care of economic relationships with strong bilateral partners -- nations of significant trade or investment value,” she told reporters after witnessing the signing of memorandum of agreement (MOA) between Institute of Marketing Malaysia (IMM) and Putra Business School (PBS) here today.
Also present at the signing was PBS President and Chief Executive Officer, Prof Dr Zulkornain Yusop and IMM President, Datuk Sharifah Mohd Ismail.
On market outlook, Rafidah said, external pressures would persist as other advanced economies were not doing well, leaving the nation’s economy having to deal with economic headwinds from the stable US dollar, euro and yen.
“It is not because the Malaysian economy or our currency is weak, it is because the hard currencies are stronger.
“The level of economic governance that we have will determine how we face the external headwinds,” she said.
Earlier, Rafidah witnessed the MOA signing between IMM and PBS on the MBA in Marketing with Certified Professional Marketer (CPM) Asia Certification Programme.
Under the MOA, graduates from PBS’s MBA in marketing course would also qualify to receive a CPM certificate. — Bernama