Malaysia

MALAYSIA: According to the Singapore Police Force, Malaysian lawyer Zaid Abd Malek was given a 24-month conditional warning for contempt of court by the Singapore police on July 6 for his statements about the rejection of lawsuits filed by two Malaysian drug traffickers (SPF). On February 14, 2020, a Malay Mail article revealed the statements. The dismissal of two Malaysian …

MALAYSIA: A 25-basis-point increase in interest rates was announced by Malaysia’s central bank on Wednesday (July 6). This is the second rate increase this year. Ceiling and floor rates were correspondingly hiked to 2.50 percent and 2.00 percent, respectively, in the overnight policy rate corridor (OPR). An announcement from Bank Negara Malaysia (BNM) claimed the increase was necessary due to …

MALAYSIA: The Malaysia Open final was Japan’s Kento Momota’s first final appearance of the year, when he beat Thailand’s Kunlavut Vitidsarn in straight sets on Saturday. Viktor Axelsen, the world number one, overcame Jonatan Christie, the second seed, 21-15, 20-22, 21-11, to reach the final on Sunday. An important step forward for Momota’s career had been set back by a …

MALAYSIA: He has failed in his attempt to halt the trial of Ahmad Zahid Hamidi for corruption and money laundering. As of Monday, Ahmad Zahid’s bid to halt the proceedings in the Malaysian Anti-Corruption Commission (MACC) case had been rejected by High Court judge Collin Lawrence Sequerah (MACC). Media in Malaysia claimed that Ahmad Zahid, UMNO president and chairman of …

MALAYSIA: Two new sub-variants of the Covid-19 Omicron strain were recently alerted to the Ministry of Health (MoH). The new Omicron BA.4 and Omicron BA.5 sub-variants, according to the MoH, are more contagious than previous Omicron sub-variants. In order to prevent the resurgence of Covid-19 instances, the public has been reminded not to overlook Covid-19 infection prevention measures. Do self-risk …

MALAYSIA: Malaysian Communications and Multimedia Minister Annuar Musa said on Thursday that the government expects to unveil a plan to sell a 70% ownership in the state-run 5G agency to six companies by the end of next week. By the end of June, Malaysia’s government had hoped to complete the sale of Digital Nasional Berhad’s stake. One of Malaysia’s most …

MALAYSIA: Minister Tan Sri Annuar Musa said that the government’s Special Task Force on Jihad Against Inflation will work to keep Malaysia’s inflation rate low and manageable to protect the well-being of Malaysian families. Annuar, the chairman of the task team, said they will focus on all prices of goods and services that could contribute to a rise in the …

MALAYSIA: Earlier this month, Malaysian Prime Minister Ismail Sabri Yaakob was quoted as saying that the government was interested in bringing back the Goods and Services Tax (GST). While he acknowledged that the GST was unpopular, he also argued that the government’s alternatives were restricted because it had lost approximately RM20 billion (US$4.57 billion) in revenue as a result of …

MALAYSIA: Some Malaysian palm oil mills have temporarily halted production due to a drop in prices, according to a miller’s organization representative (Jun 27). Malaysian crude palm oil (CPO) prices tumbled by 22% on Monday, wiping out most of this year’s gains from a peak of 6,632 ringgit (US$1,506.25) per tonne. For the most part, Malaysian millers buy palm fruit …

MALAYSIA: There will not be a float in chicken prices in Malaysia starting on July 1, the country’s administration has decided. According to Prime Minister Ismail Sabri Yaakob, the Agriculture and Food Industries Ministry (MAFI) will soon declare a new price ceiling (Jun 24). According to the Prime Minister, the government’s move shows its care for Malaysian families, who face …