Malaysia central bank likely to keep rates untouched until at least 2026
By Susobhan Sarkar and Indradip Ghosh BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will leave its overnight policy rate (OPR) unchanged at 3.00% on Jan. 24 and hold it there until at…
McDonald’s Malaysia sues Israel boycott movement for $1 million in damages
KUALA LUMPUR (Reuters) – McDonald’s Malaysia has sued a movement promoting boycotts against Israel for “false and defamatory statements” that it says hurt its business, seeking damages amounting to 6 million ringgit…
McDonald’s Malaysia sues Israel boycott movement for $1 million in damages
KUALA LUMPUR (Reuters) – McDonald’s Malaysia has sued a movement promoting boycotts against Israel for “false and defamatory statements” that it says hurt its business, seeking damages amounting to 6 million ringgit…
Rare-earths miner Lynas jumps as Malaysia allows key plant extension
By Rishav Chatterjee (Reuters) – Shares of Lynas Rare Earths hit their highest in over a month on Wednesday, extending gains, after Malaysia allowed the miner to operate its flagship refinery locally…
Malaysia sees greater savings from shift to targeted subsidy system – Bloomberg, citing minister
KUALA LUMPUR (Reuters) – Malaysia expects to save at least $1 billion to $2 billion a year from a shift to a targeted subsidy system in a bid to narrow its fiscal…
Malaysia prepares to make rain, close schools as haze worsens
KUALA LUMPUR (Reuters) – Malaysia will try to make rain by seeding clouds and prepare to shut schools as the quality of air in various places deteriorates, the Department of Environment said,…
Malaysia says it penalised 400 companies this year for labour offences
KUALA LUMPUR (Reuters) – Malaysia has taken action against 400 companies so far this year for violating labour laws, state news agency Bernama reported, citing Human Resources Minister V. Sivakumar. The ministry’s labour…
Malaysia to ban export of rare earths to boost domestic industry
By A. Ananthalakshmi and Mai Nguyen KUALA LUMPUR (Reuters) -Malaysia will develop a policy to ban exports of rare earth raw materials to avoid exploitation and loss of resources, Prime Minister Anwar…
Malaysia targets at least 5% economic growth annually until 2025 – PM
KUALA LUMPUR (Reuters) – Malaysia is aiming for economic growth of at least 5% annually until 2025, lower than the Southeast Asian nation’s previous target, Prime Minister Anwar Ibrahim said on Monday.…
Malaysia central bank keeps rates on hold as inflation, growth cool
By Rozanna Latiff and Danial Azhar KUALA LUMPUR (Reuters) – Malaysia’s central bank on Thursday kept its benchmark interest rate unchanged for the second straight meeting, as economic growth and inflation continued…
Malaysia central bank to hold rates at 3.0% through end-2024: Reuters poll
By Anant Chandak BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will hold its key policy rate at 3.00% on Thursday, adopting the same no-change stance as most of its Asian peers amidst…
Malaysia to allocate $1.8 billion to fund national industrial masterplan
KUALA LUMPUR (Reuters) – Malaysia’s trade ministry said on Friday the government will allocate 8.2 billion ringgit ($1.77 billion) to fund a national industrial masterplan to be implemented by 2030. The plan…
Malaysia PM says China’s Geely to invest $10 billion in domestic auto hub -report
KUALA LUMPUR (Reuters) – Chinese car maker Geely will invest $10 billion to develop Malaysia’s main auto-making hub, state news agency Bernama quoted Prime Minister Anwar Ibrahim as saying on Tuesday,. Anwar…
Malaysia probes disappearance of Myanmar democracy activist and her family
KUALA LUMPUR (Reuters) – Malaysian police said on Tuesday they had opened an investigation into the disappearance this month of a Myanmar democracy activist and her family, who are U.N. refugee card…
Malaysia central bank to hold key rate on July 6, may not resume tightening: Reuters poll
By Anant Chandak BENGALURU (Reuters) – Malaysia’s central bank will leave its key interest rate unchanged at 3.00% on Thursday and keep it there for the rest of the year, marking the…
Malaysia central bank to intervene in FX markets as ringgit losses ‘excessive’
KUALA LUMPUR (Reuters) – Malaysia’s central bank said on Tuesday it will intervene in the foreign exchange market to stabilise the ringgit currency, citing what it called “excessive” recent losses. The ringgit…
Indonesia, Malaysia to visit Brussels over concern about EU deforestation law
JAKARTA (Reuters) – The world’s two biggest palm oil producers Indonesia and Malaysia will send top officials to the European Union next week to voice concern over a new deforestation law they…
Malaysia in talks to bring back 1MDB-linked fugitive Jho Low
KUALA LUMPUR (Reuters) – Malaysia is negotiating with other countries to speed up the return of fugitive financier Low Taek Jho, wanted for his role in the multibillion-dollar 1MDB scandal, Prime Minister…
EU, US warn Malaysia of security risk in Huawei’s bid for 5G role – FT
(Reuters) -The European Union and U.S. have warned Malaysia over risks to national security and foreign investment as it finalises a review of its 5G rollout that could allow China’s Huawei Technologies…
Malaysia probes cases of migrant workers left jobless, without passports
By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia has launched an investigation to uncover how hundreds of migrant workers arrived from South Asia without jobs, despite having paid steep…
Malaysia to review $3.9 billion settlement deal with Goldman Sachs – PM Anwar
KUALA LUMPUR (Reuters) – The Malaysian government is re-evaluating a $3.9 billion settlement deal reached between the previous administration and U.S. investment bank Goldman Sachs over the 1MDB financial scandal, state news…
Malaysia says it will protect its rights in South China Sea
KUALA LUMPUR (Reuters) – Malaysia said on Saturday it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energy projects…
Malaysia secures $555 million potential exports during PM’s China visit
KUALA LUMPUR (Reuters) – Malaysia secured 2.44 billion ringgit ($555.30 million) in potential exports during Prime Minister Anwar Ibrahim’s visit to China last week, a government trade agency said on Wednesday. The…
Malaysia central bank maintains 2023 growth forecast amid global slowdown
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s central bank on Wednesday maintained its economic growth forecast for 2023 at 4% to 5%, saying that improved domestic conditions will likely offset risks…
Malaysia says its banks have limited exposure to Silicon Valley Bank crisis
KUALA LUMPUR (Reuters) – Malaysia’s government on Wednesday said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of contagion. “Based…
Electric vehicle maker Tesla to open office in Malaysia
KUALA LUMPUR (Reuters) – Malaysia on Wednesday said electric vehicle (EV) maker Tesla Inc will open an office in the Southeast Asian country and establish a network of charging stations for its…
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