KUALA LUMPUR Malaysia's central bank is expected to cut interest rates to a historic low next week, according to a slim majority in a Reuters poll, as it seeks to protect Southeast Asia's third largest economy from the fallout of the coronavirus pandemic.
KUALA LUMPUR The board and management of Malaysian national energy giant Petronas have urged the prime minister to drop a planned tax settlement with a state run by his political allies, three sources close to the company said.
KUALA LUMPUR, June 26 The board and management
of Malaysian national energy giant Petronas have urged the prime
minister to drop a planned tax settlement with a state that is
run by his political allies, three sources close to the company
KUALA LUMPUR The chief of Malaysian energy giant Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country's states run by a government ally, sources close to the government and the company said.
KUALA LUMPUR Malaysian government prosecutors withdrew corruption charges on Tuesday against an ally of former premier Najib Razak, whose party returned to power in a new coalition three months ago after having lost the last election amid massive graft scandals.
KUALA LUMPUR Malaysia on Monday detained 269 Rohingya migrants when they tried to enter the country on a damaged boat off the holiday island of Langkawi, authorities said.
KUALA LUMPUR Malaysian Prime Minister Muhyiddin Yassin's ruling party on Thursday terminated the membership of his predecessor Mahathir Mohamad, a move widely seen as an attmept to consolidate power as he faces a possible challenge to his nascent premiership.
KUALA LUMPUR Veteran Malaysian politician Mahathir Mohamad said he would seek to oust Prime Minister Muhyiddin Yassin at every turn, scolding his successor for bringing back into power a graft-tainted party rejected by voters in an historic election two years ago.
KUALA LUMPUR Malaysia's king on Monday said the appointment of Muhyiddin Yassin as prime minister during turmoil this year was proper and constitutional, days after parliament put off a vote on an opposition challenge to his leadership.
KUALA LUMPUR Malaysia's economy grew marginally in the first quarter, execeeding expectations, but will likely contract in April-June as the coronavirus pandemic hits exports and domestic demand.