Malaysia

Malaysia's ruling party makes fresh push for Anwar to take over as PM

MALACCA, Malaysia (Reuters) - Leaders of Malaysia’s ruling party on Sunday renewed a push for Anwar Ibrahim to lead the country, as Prime Minister Mahathir Mohamad dithers on the timing of the planned power transition he had promised to his former rival-turned-ally.

Mahathir, elected to power in May 2018, had promised to hand over the reins to Anwar, 72, soon after laying the groundwork for a new administration.

Asia-Pacific becomes largest destination, source of FDIs globally

KUALA LUMPUR, Dec 4 (NNN-BERNAMA) — For the first time,  the Asia-Pacific region has become the largest destination and source of foreign direct investment (FDI) globally,  according to a new report launched by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).

Titled ‘Foreign Direct Investment Trends and Outlook in Asia and the Pacific’, the study found the region is expected to maintain steady inflows and outflows of FDI in 2019 and 2020. 

Malaysia: Companies appointed by MITRA met all criteria – Waytha Moorthy

KUALA LUMPUR, Dec 4 (NNN-BERNAMA) — All the companies which have been tasked with providing skills training and job compatibility for participants from the B40 Indian group met with the criteria set by the Malaysian Indian Transformation Unit (MITRA).

Minister in the Prime Minister’s Department, P. Waytha Moorthy, is confident that these companies can carry out their responsibilities to achieve the objectives.

Mahathir, world's oldest prime minister, prepares to host his second APEC summit

KUALA LUMPUR (Reuters) - Malaysian Prime Minister Mahathir Mohamad formally launched on Wednesday preparations to host next year’s APEC summit, recalling with pride how his country hosted the event more than 20 years ago, but also flagging risks.

The 94-year-old, who unexpectedly won a general election last year, has said he will stay on as prime minister to see through the Asia-Pacific Economic Cooperation (APEC) summit before possibly handing the baton to a coalition colleague. He will be the first world leader to host the event twice.

Zahid, wife spent RM1.3 mln including on high-end shopping abroad

KUALA LUMPUR,  Dec 2 (NNN-BERNAMA) — Datuk Seri Dr Ahmad Zahid Hamidi paid almost RM1.3 million for his four credit cards between January 2014 and January 2016, including on high-end shopping in the United Arab Emirates, United States and Italy, the High Court here heard today.

This was disclosed by senior vice-president of Ambank Berhad (Ambank) in charge of management of credit card authorisation and fraud control, Yeoh Eng Leong, 58.

Petronas to start gas extraction off Sabah in Nov 2020

GEOJE (South Korea), Dec 2 (NNN-BERNAMA) — Petronas’ Floating Liquefied Natural Gas Dua (PFLNG Dua) is expected to start commercial operations in November 2020.

Its chief executive officer Abang Yusuf Abang Puteh said the vessel, designed to extract gas from deepwater gas reservoirs in depths up to 1,500 meters is scheduled for completion and sail away from the shipyard to Malaysian waters in February 2020.

“We will be able to start it up in July, followed by commercial operation in November 2020,” he told Bernama and TV3 in an interview here.

Malaysia Welcomes South Korea’s Proposal To Elevate Ties To Strategic Partnership

SEOUL, Nov 28 (NNN-Bernama) — Kuala Lumpur welcomes Seoul’s proposal to elevate bilateral ties to strategic partnership to mark the 60th anniversary of their diplomatic relationship next year.

Prime Minister Dr Mahathir Mohamad said the governments of both countries will discuss the details of the proposal, which will be in line with Malaysia’s intention to tap into South Korea’s strength in advanced technology and innovation.

An estimated 5,000 Rohingya refugees in Melaka

MELAKA, Nov 26 (NNN-BERNAMA) — It is estimated that about 5,000 Rohingya refugees are in Melaka, to date, the Melaka State Assembly was told today.

However, Chief Minister, Adly Zahari said that according to the Malaysian Rohingya Council (MRM) not all were registered with the United Nations High Comission for Refugees (UNHCR).

‘’MRM moves from house to house to collect data on the refugees and represents the Rohingya community to liaise with the government and international agencies,’’ he told the State Assembly in Seri Melaka today.

Malaysia: MATRADE identifies products to fill in gaps due to US-China trade conflict

KUALA LUMPUR, Nov 25 (NNN-BERNAMA) — Malaysia External Trade Development Corporation (MATRADE) has identified various Malaysian products which could potentially fill in the gaps arising from the United States-China trade conflict.

Deputy chief executive officer Mohd Mustafa Abdul Aziz said the product categories include electrical and electronics (E&E), machinery and equipment, optical and scientific products, petroleum as well as chemicals and chemical products.

Malaysia wants Putin to participate in 2020 APEC Summit

MOSCOW, Nov 22 (NNN-BERNAMA) — Malaysia will invite Russian President Vladimir Putin to participate in the 2020 Asia-Pacific Economic Cooperation (APEC) summit that the Southeast Asian nation will host, Sputnik news agency quoted Foreign Minister Saifuddin Abdullah as saying on Thursday.

“We, of course, will welcome President Putin’s involvement in the APEC 2020 that Malaysia is hosting next year in November,” Saifuddin said after talks with Russian Foreign Minister Sergey Lavrov.

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