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…
Malaysia will not reintroduce goods and services tax – PM
KUALA LUMPUR (Reuters) – Malaysia has no plans to reintroduce a goods and services tax (GST) or any other broad-based consumption tax, Prime Minister Anwar Ibrahim said on Tuesday. The government will…
CBP Modifies Withhold Release Order on YTY Industry Holdings Sdn Bhd (YTY Group) in Malaysia
WASHINGTON — U.S. Customs and Border Protection (CBP) has modified the Withhold Release Order (WRO) issued on January 28, 2022 against imports of synthetic disposable gloves manufactured by YTY Industry Holdings Sdn.…
Malaysia Q4 GDP growth expected to have slowed to 6.6% – Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Malaysia’s economic growth likely slowed by more than half to 6.6% in the fourth quarter of 2022 due to tepid consumption and softer global…
CBP Modifies Finding on Sime Darby Plantation Berhad in Malaysia
WASHINGTON — U.S. Customs and Border Protection today modified its formal Finding in the Customs Bulletin and in the Federal Register pursuant to 19 C.F.R. §12.42(g) based on satisfactory evidence that Sime…
Malaysia says Luxembourg court sets aside request to enforce $15 billion arbitration award
KUALA LUMPUR (Reuters) – Malaysia’s law minister on Thursday said a Luxembourg court had set aside an attempt made by the heirs of a former sultanate to enforce a $15 billion arbitration…
Malaysia central bank surprises by holding key rate at 2.75%
KUALA LUMPUR (Reuters) – Malaysia’s central bank on Thursday unexpectedly kept its benchmark interest rate unchanged at 2.75%, saying it was assessing the impact of four consecutive rate hikes last year. “Today’s…
Malaysia central bank to hike rates to 3.00% on Thursday: Reuters Poll
By Sujith Pai BENGALURU (Reuters) – Malaysia’s central bank will deliver its fifth consecutive quarter percentage point hike on Thursday in its effort to keep high inflation under check and provide support…
Malaysia says it could stop palm oil exports to EU after new curbs
By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia said on Thursday it could stop exporting palm oil to the European Union in response to a new EU law aimed at protecting…
Malaysia to unveil new 2023 budget on Feb 24
KUALA LUMPUR (Reuters) – Malaysia’s new government will present its budget for 2023 on February 24, according to a schedule published on the parliament’s website. The previous administration under former Prime Minister…
Malaysia PM signs cooperation pact with smaller parties ahead of confidence vote
KUALA LUMPUR (Reuters) – Malaysian political parties supporting Prime Minister Anwar Ibrahim on Friday signed a cooperation pact promising to ensure stability, ahead of a confidence vote on the premier next week.…
Italy’s Eni eyes biorefinery in Malaysia with Petronas, Euglena
MILAN (Reuters) – Italian energy group Eni is studying the possibility of developing and operating a biorefinery in Malaysia together with Japan’s Euglena and Malaysia’s Petroliam Nasional Berhad (Petronas), the three groups…
Malaysia court lifts stay on deportation of 114 Myanmar nationals
KUALA LUMPUR (Reuters) – A Malaysian court on Tuesday lifted a stay on the deportation of 114 Myanmar nationals, raising concerns among rights groups they would be sent back to their strife-torn…
Malaysia PM Anwar: We have seen a change that has awaited the people of Malaysia
KUALA LUMPUR (Reuters) – Malaysia’s new Prime Minister Anwar Ibrahim said his swearing in was a change that Malaysians have waited for and pledged to keep Islam as the official religion of…
Malaysia ex-PM Mahathir loses seat in first election defeat in 53 years
KUALA LUMPUR (Reuters) -Malaysia’s veteran leader Mahathir Mohamad suffered his first election defeat in 53 years on Saturday in a blow that could mark the end of a seven-decade political career. Mahathir,…
Malaysia central bank delivers fourth straight rate rise as inflation risks persist
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank delivered a fourth consecutive rate hike on Thursday as it sought to contain persistent inflation amid a positive growth outlook. Bank Negara Malaysia…
Malaysia allocates $1.7 billion in cash aid for low-income households
KUALA LUMPUR (Reuters) – Malaysia has allocated 7.8 billion ringgit ($1.68 billion) in cash aid for low-income households and individuals, Finance Minister Tengku Zafrul Abdul Aziz said on Friday in his budget…
Malaysia confirms budget announcement on schedule, amid election speculation
KUALA LUMPUR (Reuters) – Malaysia will present its 2023 budget on Friday as previously scheduled, a finance ministry spokesperson said on Tuesday, amid speculation that parliament could be dissolved before the budget…
Malaysia says 2023 economic growth to be lower than 2022
KUALA LUMPUR (Reuters) – Malaysia’s economy will grow at a slower pace in 2023 compared to this year, finance minister Tengku Zafrul Aziz said in a statement on Wednesday. Zafrul cited slowing…
Malaysia central bank to deliver two more 25-bp rate hikes this year
By Devayani Sathyan (Reuters) – Malaysia’s central bank will deliver a third consecutive 25 basis point interest rate hike on Thursday and a fourth in November to quell growing inflationary pressures but…
Malaysia ex-PM Najib moves from luxurious lifestyle to lockup
By Rozanna Latiff KUALA LUMPUR (Reuters) – Former Malaysian Prime Minister Najib Razak’s new prison lodgings may be less than an hour’s drive from his mansion in Kuala Lumpur’s affluent Bukit Tunku…
Malaysia urges ASEAN states to engage Myanmar junta’s rivals
By Panu Wongcha-um BANGKOK – Malaysia wants a clear endgame in Myanmar’ faltering peace process and is advocating direct engagement by ASEAN states with the junta’s opponents, and bringing other countries into…
How Malaysia ended up owing $15 billion to a sultan’s heirs
By Rozanna Latiff and A. Ananthalakshmi KUALA LUMPUR – Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu look to…
Myanmar junta frustrating everyone over peace plan – Malaysia minister
PHNOM PENH – Myanmar’s ruling military has been uncooperative and has frustrated everyone in the Association of Southeast Asian Nations (ASEAN) with its lack of progress in implementing a peace plan, Malaysia’s…
Petronas payout to Malaysia govt seen higher at 55-59 billion rgt this year
KUALA LUMPUR – Malaysia’s state energy firm Petronas is forecast to contribute to government coffers as much as 59 billion ringgit ($13.25 billion) this year, a cabinet minister said in a statement…
Malaysia plans record $18 billion subsidy spend in inflation fight
KUALA LUMPUR – Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising…
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