Malaysia

Malaysia will remain attractive to investors with its solid economy, strategic location

KUALA LUMPUR, Nov 12 (NNN-BERNAMA) — Malaysia will continue to be on the global investors’ radar due to its solid economic position and its importance in the Belt and Road Initiative (BRI), said IQI Global chief economist Shan Saeed.

There have been lots of financial fragilities in Europe and many advanced economies in recent times, he said.

Malaysian ex-PM Najib ordered to enter defense in 1MDB case

KUALA LUMPUR, Malaysia (AP) — A Malaysian judge on Monday ordered former Prime Minister Najib Razak to enter a defense at his first corruption trial linked to the multibillion-dollar looting at the 1MDB state investment fund that helped spur his shocking election ouster last year.

A calm Najib said in court he would testify in his defense when the trial resumes.

Malaysian govt to send official letter to India on its stance on Zakir Naik

KUALA LUMPUR, Nov 8 (NNN-BERNAMA) — The Ministry of Foreign Affairs will send an official letter to the Indian government to explain Malaysia’s stance for not sending back controversial preacher Zakir Naik to his country of origin. 

Its minister Saifuddin Abdullah said he would discuss with Attorney-General Tommy Thomas to provide an accurate content for the letter.

“There was a request from India and Prime Minister (Dr Mahathir Mohamad) had already explained why we didn’t send (Dr Zakir) back.

Malaysia detains Cambodian opposition leader Mu Sochua

KUALA LUMPUR/PHNOM PENH (Reuters) - Malaysia detained the deputy chief of Cambodia’s banned opposition party, Mu Sochua, after Phnom Penh accused her and other self-exiled opposition figures of seeking to return home to stage a coup against longtime authoritarian leader Hun Sen.

Malaysian Prime Minister Mahathir Mohamad indicated on Thursday that Mu Sochua would not be turned over to Cambodia but would instead be deported to an as-yet-undetermined third country.

Trade wars only translate to businesses suffering – AIBC co-chairman

KUALA LUMPUR, Nov 5 (NNN-BERNAMA) — Bussinesses will suffer and ultimately the people on the ground will end up paying the price of trade wars, says     
ASEAN-India Business Council (AIBC) co-chairman, Ramesh Kodammal.

“Trade spats will not benefit any country, be it the ones that started the war, or others that are not directly involved.             

Malaysia’s trade surplus up 15.3 pct in Jan-Sept

KUALA LUMPUR, Nov 4 (NNN-BERNAMA) — Malaysia’s trade surplus in the first nine months of 2019 widened by 15.3 per cent to RM100.86 billion, compared with RM87.47 billion registered in the same period last year.

This was the largest January-September trade surplus recorded during the last 10 years, the International Trade and Industry Ministry (MITI) said in a statement today.

In September 2019, the trade surplus was valued at RM8.34 billion, a decline of 46.5 per cent year-on-year.

Five Malaysians charged in court for links with LTTE

KUALA LUMPUR, Oct 31 (NNN-BERNAMA) — Five Malaysian men were again charged in the Sessions Court here today for their alleged links to the defunct LTTE ( Liberation Tigers of Tamil Eelam) militant group.

They were a chief executive officer of a corporation, S. Chandru, 38, technician S. Arivainthan, 27, storekeeper S.Thanagaraj, 26, security guard M.Pumugan, 29, and a national secondary school teacher in Telok Panglima Garang, Selangor, Sundram Renggan @ Rengasamy, 52.

MyAQSA Gathers Evidence To Drag Israel To International Criminal Court

PUTRAJAYA (Malaysia), Oct 24 (NNN-Bernama) — The MyAQSA Foundation (MyAQSA) has gathered evidence and statements from witnesses to be submitted to the International Criminal Court (ICC) prosecutors at the end of this year to allow Israel to be charged with crimes against humanity.

MyAQSA special delegation head Lukman Sheriff Alias said during a meeting in The Hague in May, the ICC had recommended for the gathering of evidence and witnesses that could be used to drag Israel to the court.

Malaysia eyes stronger bilateral ties with UAE

DUBAI, Oct 22 (NNN-BERNAMA) — Malaysia is keen to strengthen its bilateral trade relationship with the United Arab Emirates (UAE) and expect to see total trade between the countries to increase by five per cent this year from the US$5.7 billion recorded in 2018. 

The newly-appointed Malaysian Ambassador to the UAE Mohd Tarid Sufian said trade with the Gulf Cooperation Council (GCC) nation has been in its favour since 2017 but Malaysia managed to reduce the gap by 66 per cent last year. 

Malaysia's Mahathir stands by Kashmir comments despite palm oil boycott by India traders

KUALA LUMPUR (Reuters) - Malaysian Prime Minister Mahathir Mohamad said on Tuesday he would not retract his criticism of New Delhi’s actions in the disputed region of Kashmir even though Indian traders have urged a boycott of Malaysian palm oil.

The impasse could exacerbate what Mahathir described as a trade war between the world’s second biggest producer and exporter of the commodity and its biggest buyer so far this year.

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