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Tag: Malaysia

Posted on June 6, 2020

Exclusive: Malaysia to double deficit to fund stimulus, says finance minister

Malaysia’s fiscal deficit will nearly double to around 6% of annual economic output this year because of the government’s recent efforts to revive the economy, the finance minister told Reuters, …

( read original story …)



Posted on June 6, 2020

Exclusive: Malaysia – Even $3 billion not enough to settle 1MDB case with Goldman

Malaysia’s new government would not be willing to accept even compensation of $3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a …

( read original story …)



Posted on June 5, 2020

Malaysia’s Ex-PM to Hear Verdict in 1st Graft Case in July

Lawyers for Malaysia’s former Prime Minister Najib Razak say he was victimized by rogue bankers and should be acquitted of corruption linked to the massive looting of a state investment fund.

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Posted on June 5, 2020

Malaysia cautious over US role in disputed South China Sea

In April, reports emerged of a “stand-off” in the South China Sea between the West Capella, an exploration ship hired by Malaysian national oil firm Petronas, and the Haiyang Dizhi 8, a Chinese …

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Posted on June 5, 2020

India imposes anti-dumping duty on electronic calculators from Malaysia

The revenue department said electronic calculators are exported to India from Malaysia below their associated normal price, thus amounting to dumping.Imports of electronic calculators from Malaysia …

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Posted on June 5, 2020

Malaysia Farms Face $3 Billion Hit From Palm Oil Worker Shortage

The coronavirus pandemic has left Malaysia’s palm oil industry without enough workers, a shortage that could cost farmers as much as 25% of their annual production — a loss worth about $2.8 …

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Posted on June 4, 2020

Top supplier Malaysia sees no quick end to shortages in $8 billion gloves industry

A global shortage of medical gloves due to a coronavirus-driven surge in demand will carry over into next year, Malaysia, the world’s biggest gloves supplier, said on Thursday, warning buyers to be …

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Posted on June 4, 2020

Malaysia Group Tests Migrant Workers as Virus Clusters Emerge

An aid organization in Malaysia is offering free coronavirus tests for migrant workers to let them resume their jobs as the country grapples with infections spreading among immigration detainees.

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Posted on June 3, 2020

Malaysia Scraps 5G Permits After Backlash Over Lack of Tender

Malaysia revoked an order to grant 5G airwaves to telecommunications companies including Telekom Malaysia Bhd. and Celcom Axiata Bhd., citing transparency as well as technical and legal issues.

( read original story …)



Posted on June 3, 2020

Najib Says Malaysia Polls Likely If Political Uncertainty Stays

Malaysia’s former leader Najib Razak warned of a “high chance” of elections if the nation’s politics continue to be in turmoil.

( read original story …)



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