Page 16 - Malaysia

Malaysia to raise 2021 spending to counter coronavirus impact on economy

Malaysia's government proposed a larger national budget in 2021 on Friday to help the coronavirus-hit economy rebound by up to 7.5% and provide increased handouts for the poor. The budget is the first by the unelected government of Prime Minister Muhyiddin Yassin, who took power in March after initiating the collapse of the former reformist government. It is a key test of support for Muhyiddin, who has a slim two-seat majority in Parliament and faces challenges from allies in his coalition and opposition parties. Finance Minister Zafrul Aziz told Parliament that the expansionary budget has the people's welfare in mind during the pandemic and will raise spending to a record 322.5 billion ringgit ($78.1 billion), up 2.5% from this year. That includes a sharp rise in development spending to 69 billion ringgit ($1.7 billion) as well as 17 billion ringgit ($4.1 billion) for a COVID-19 fund. Zafrul said the economy could grow 6.5%- 7.5% in 2021, from a projected 4.5% contraction this ye

Malaysia's past casts a long shadow on its present-day politics and economy

Unlike neighboring Indonesia and the Philippines, politics in Malaysia seems unable to throw up newcomers or mold-breakers

Twitter deletes Mahathir Mohamad's tweet for glorifying violence in France

Twitter removed former Malaysian PM Mahathir Mohamad's tweet, for violating its rules banning the glorification of violence, shortly after a violent knife attack in Nice, which left three people dead

Malaysian PM seeks king's nod to declare state of emergency: Report

The government is scheduled to propose its 2021 budget on Nov. 6, and there have been questions over whether it can muster a majority in parliament for that.

Cabinet approves mutual recognition pact between ICAI, Malaysia's MICPA

ICAI intends to establish bilateral cooperation with the Institutes in the Asia Pacific Region and therefore intends to sign the MoU with the MICPA

Malaysia's Anwar Ibrahim grilled by police over bid to become PM

Anwar met the nation's king on Tuesday to show evidence that he has majority support in Parliament to form a new government and unseat Prime Minister Muhyiddin Yassin

Malaysia seizes six illegal Chinese fishing vessels, arrests 60 men

According to The Straits Times, the case was being investigated under a section of the Fisheries Act

Malaysia risks investment trouble as political instability drags on

Fitch Solutions said the upheaval since March was risky for Malaysia's long-term growth at a time when its neighbours compete for investments from firms diversifying manufacturing away from China

US says it will block palm oil from Malaysian producer over forced labour

FGV issued a statement over the weekend outlining its commitment to human rights, including steps it was taking to make sure its workers have access to their passports and wages

Govt opens dumping probe on Malaysia, Vietnam, Thai copper tube imports

India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said

India opens anti-subsidy probe Malaysia, Vietnam, Thai copper, tube imports

The probe covers imports shipped between April 1, 2019 and March 31, 2020

Malaysian opposition leader claims he has 'strong' majority to form govt

Muhyiddin has a razor-thin majority in parliament and has already hinted at polls to win a stronger mandate.

Malaysia seeks to reroute $10.6 billion belt-and-road rail project

Malaysia's government said it will seek to reroute a $10.6 bn rail project being built across the peninsula under China's "Belt and Road" trade initiative

Goldman Sachs' 1MDB charges dropped by Malaysia after settlement

The US bank was discharged amounting to acquittal, according to court proceedings in Kuala Lumpur on Friday

Malaysia drops criminal charges against Goldman Sachs over 1MDB bond sales

Malaysian prosecutors withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organise for a state fund

Malaysia restricts entry of Indian, Philippine citizens amid Covid-19

The restrictions will affect those with long-term passes, students, expatriates, permanent residents as well as family members of Malaysians, Defense Minister Ismail Sabri Yaakob told reporters

Mutated coronavirus strain found in Indonesia as cases jump: Report

The strain, which the World Health Organization said was identified in February and has been circulating in Europe and the Americas, has also been found in neighbouring Singapore and Malaysia

Malaysia's AirAsia X asks for creditor help as quarterly loss plunge

AirAsia X Bhd needs creditors' support to ride out the coronavirus crisis, the Malaysian long-haul budget airline said on Wednesday, as it posted a quarterly loss and revenue plunge.

Experts dispel Covid-19 mutation fears, say 'Malaysia strain' not a concern

The mutant form of Covid-19 reported from Malaysia as being 10 times more infectious is not a concern for India as it is widely prevalent here and isn't any more virulent than the Wuhan strain

Call for 'greater precautions' as SE Asia finds new strain of Covid-19

The strain, earlier seen in other parts of the world and called D614G, was found in a Malaysian cluster of 45 cases that started from someone who returned from India and breached his 14-day quarantine