Malaysia

KUALA LUMPUR – Opposition leader Datuk Seri Anwar Ibrahim today submitted a vote of confidence in Parliament against the government of Perikatan Nasional (PN), questioning its ability to lead Malaysia competitively in a post-Covid economy. The PKR president said the confidence motion was necessary after the international credit rating agency Fitch reduced Malaysia’s long-term foreign currency issuer default rating from …

KUALA LUMPUR: According to Khairy Jamaluddin Abu Bakar, Minister of Science, Technology and Innovation, the decision to repeal the cabotage exemption for foreign-flagged vessels carrying out submarine cable repairs in Malaysian waters has not been finalized by the Government of Malaysia and the matter is still being discussed at Cabinet level.Khairy said in Parliament today that the government is still …

KUALA LUMPUR – Lim Guan Eng of the DAP has warned the government to expect more downgrades in Malaysia’s sovereign credit rating in the future if it does not agree that the country is in the midst of an economic and political crisis. Fitch Ratings’ latest revision of Malaysia’s sovereign credit rating was motivated primarily by the negative effect of …

In a bid to streamline production, Nikkei has heard, Sony will merge its two factories in Malaysia by the end of September of next year. The Japanese electronics-to-entertainment conglomerate will close its audio device factory in the state of Penang, Malaysia, and transfer its manufacturing functions to a facility near Kuala Lumpur, the country’s capital. It will impact about 3,600 …

PETALING JAYA: The Children’s Commissioner of the Human Rights Commission of Malaysia (Suhakam) has slammed Deputy Home Minister Ismail Mohamed Said for citing national security issues as to why automatic citizenship can not be granted to children born abroad to Malaysian women married to foreign spouses. Why is the 'dual citizenship' narrative when it comes to the conferral of Malaysian …

KOTA BARU, Dec 5- Goldsmiths with blowtorches and chisels sit at wooden desks in a backroom workshop in Malaysia as they melt and mold the precious metal into glittery jewelry. Over the coronavirus pandemic, demand for the safe-haven product has increased and it is not just professional investors who cash in but also small businesses. This year the Makmur Gold …

KUALA LUMPUR: Accommodation that complies with the provisions of the Workers’ Minimum Standards of Housing and Amenities Act 1990 or Act 446 is not provided to about 91.1 percent or 1.4 million foreign workers in Malaysia, said Malaysian Minister of Human Resources M Saravanan on Thursday (Dec 3). Saravanan said he found “very worrying” statistics, particularly with the current COVID-19 …

KUALA LUMPUR, Dec 3 -Prime Minister Tan Sri Muhyiddin Yassin said natural gas will continue to help bridge the inevitable energy transition and tackle the issue of climate change faced by the world. He said that for decades now, Malaysia‘s energy mix has been supported by natural gas and would be for the foreseeable future, but the country still has …

KUALA LUMPUR: Over the first nine months of this year, Malaysia reported approved investments in the manufacturing, services and primary sectors for a total of RM109.8 billion, the International Trade and Industry Ministry said (MITI). RM65.3 billion or 59.5 percent of the manufacturing sector contributed, followed by services (RM42.8 billion or 39.0 percent) and the primary sector (RM1.7 billion or …

KUALA LUMPUR: In the State of the Global Islamic Economy (SGIE) Study 2020/21, Malaysia was declared the best country in four out of six sectors, including as the top country in the Muslim Friendly Travel (MFT) market, Minister of Tourism, Arts and Culture Nancy Shukri said. Malaysia also emerged top in the Halal Food, Islamic Finance, and Pharmaceutical & Cosmetics …