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Joseph Sipalan

Malaysia's GDP bucks regional slowdown, FX rules eased to boost liquidity

16 Aug 2019

KUALA LUMPUR Malaysia's economy grew faster-than-expected in April-June and became the first Southeast Asian nation to report an acceleration in growth from the previous quarter, driven by stronger consumer spending and palm oil production.

China, Malaysia restart massive 'Belt and Road' project after hiccups

25 Jul 2019

DUNGUN, Malaysia China and Malaysia resumed construction on a massive "Belt and Road" train project in northern Malaysia on Thursday, after a year-long suspension and following a rare agreement to cut its cost by nearly a third to about $11 billion.

Exclusive: Shadowed by trade war, Malaysia says 2020 fiscal deficit target a 'challenge'

22 Jul 2019

KUALA LUMPUR Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the U.S.-China trade war, the finance minister told Reuters in an interview on Monday.

Malaysian PM Mahathir calls for party unity as sex tape scandal deepens rifts

19 Jul 2019

PORT DICKSON Malaysian Prime Minister Mahathir Mohamad called on Friday for unity in his ruling coalition, saying his administration could risk losing power due to infighting, as a sex scandal involving a senior minister worsened divisions in the alliance.

UPDATE 1-Malaysia c.bank holds rates, expects domestic demand to support growth

09 Jul 2019

KUALA LUMPUR, July 9 Malaysia's central bank kept its key interest rate at 3.00% on Tuesday, expressing confidence that domestic demand will support economic growth at a time trade tensions and slowing global expansion poses risks to it.

Malaysia's first quarter GDP growth seen cooling on weak demand, exports

14 May 2019

KUALA LUMPUR Malaysia's economic growth pace likely slowed in the first quarter, due to tepid consumption and softer global demand as a result of the U.S.-China trade war, a Reuters poll showed.

Malaysia's hopes of economic revival under Mahathir fade

10 May 2019

KUALA LUMPUR A year ago, Malaysian land surveyor Muhammad Nur Aliff had high hopes that a shock election victory by 93-year-old Mahathir Mohamad could be the catalyst for reform and revival in a country hobbled by sky-high public debt and corruption.

Deflecting criticism, Malaysia's Mahathir pledges 'shared prosperity'

09 May 2019

KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad on Thursday vowed to boost the economy under a model of "shared prosperity" in a bid to stem criticism that his government had failed to deliver on promised reforms since taking power a year ago.

Fire at Petronas' RAPID oil refinery quickly tamed

12 Apr 2019

KUALA LUMPUR A fire was brought under control early on Friday after an explosion at a Malaysian oil refinery being developed by state oil firm Petronas, which was testing its facilities ahead of planned commercial operations later this year.

UPDATE 3-Fire at Petronas' RAPID oil refinery quickly tamed

12 Apr 2019

* Fire contained within 30 minutes, with two slightly injured

World News

EU rebuffs Johnson's Brexit gambit

The European Union on Tuesday rebuffed Prime Minister Boris Johnson's demand that it reopen the Brexit divorce deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border.