Malaysian Economy Minister Rafizi Ramli poses after an interview with Nikkei Asia in Kuala Lumpur on Jan. 8. (Photo by Norman Goh)
Interview

Malaysia wants to make Johor 'new engine of growth'

Economy minister hopes special economic zone with Singapore boosts tech, renewables

12 January 2024
Malaysian economy minister Rafizi Ramli, center right, and Singaporean trade minister Gan Kim Yong, center left, exchange documents in a signing ceremony in Johor on Jan. 11. (Photo by Norman Goh)
International relations

Singapore and Malaysia to launch QR code border clearance

Neighbors sign agreement on Johor economic zone to boost growth

11 January 2024
A supermarket in Singapore. This chain, Sheng Siong, will roll out a three-month discount in 2024 on most of its items to offset the additional goods and services tax. (Photo by Tsubasa Suruga)
Economy

Singapore, Malaysia to raise consumption tax amid inflation fears

Southeast Asia balances fiscal needs against uncertain economy in 2024

28 December 2023
Malaysian Prime Minister Anwar Ibrahim vows to focus on achieving faster growth. Left: Kuala Lumpur's new landmark, Merdeka 118, is a symbol of the country's growing affluence. (Nikkei montage/Source photos by Hiroki Endo and Reuters)
Comment

How Malaysia is finding its way out of the middle-income trap

It has taken the slow but steady route while addressing an ethnic incongruity

24 December 2023
Travelers walk through the Kuala Lumpur International Airport on Dec. 20. As the number of tourists surges across Southeast Asia, so too are COVID cases. (Photo by Norman Goh)
Coronavirus

Malaysia and Singapore put guard up as COVID cases surge

Southeast Asia asks public to mask up and get vaccinated as travel season begins

21 December 2023
Malaysian Prime Minister Anwar Ibrahim speaks during an interview with Nikkei Asia on Dec. 17 in Tokyo. (Photo by Yuki Kohara) 
Interview

Malaysia's Anwar pushes for local currency transactions in trade

Country looks to 'gradually' reduce dollar dependency to avoid forex risks

18 December 2023
Malaysian Prime Minister Anwar Ibrahim, pictured in Tokyo on Dec. 17, argues that some countries that promote democracy and human rights are engaging in "hypocrisy" when it comes to Gaza. (Photo by Yuki Kohara) 
Interview

Malaysia's Anwar slams 'hypocrisy' over Gaza crisis

Prime minister reiterates call for humanitarian cease-fire in Israel-Hamas war

17 December 2023
Workers at a construction site in Kuala Lumpur: Most workers in Malaysia are employed by small and medium size businesses.
Economy

Malaysia plans new wage scheme for low-income workers

'Progressive' model targets small business, but effectiveness questioned

7 December 2023
Tourists pose for photos in Kuala Lumpur in October. Like its Southeast Asian neighbors, Malaysia is desperate to bring back Chinese travelers now that COVID-related restrictions have been abandoned. (Photo by Hiroki Endo)
Economy

Malaysia to offer visa-free entry to China and India nationals to boost economy

Arrangement starts in December, also applies to Gulf state travelers

27 November 2023
Japanese trading house Marubeni hopes its Osaji cosmetics brand will help its cosmetics business reach sales of $100 billion yen by 2030. (Photo courtesy of Osaji)
Companies

Japan's Marubeni to push Osaji cosmetics brand in Southeast Asia

Trading house weighs sales at Thailand's Karmarts, Malaysia's Ainz & Tulpe

27 November 2023
Leaders from ASEAN and Japan join hands for a photo at the ASEAN-Japan Summit in Jakarta in September.
International relations

ASEAN must pursue technology in ties with Japan, expert says

Malaysian think tank director suggests cooperation beyond trade, business

26 November 2023
A woman walks inside Penang International Airport's arrival hall. The Malaysian state of Penang is popular with Indonesian medical tourists. (Photo by Randy Mulyanto)
Health Care

Malaysia's Penang lures medical tourists from Indonesia

Geographic proximity, linguistic similarities, quality and costs among advantages

21 November 2023
Anwar Ibrahim became Malaysia's 10th prime minister in November 2022. (Nikkei montage/Source photos by Rie Ishii and Hiroki Endo)
Asia Insight

Anwar struggles to boost Malaysian economy a year after victory

Rising food prices and weak currency hamper prime minister's reform plans

21 November 2023
A view of Kuala Lumpur: Malaysia's economy grew 3.3% in the July to September quarter from a year earlier, with domestic growth helping to offset weak demand from abroad.
Economy

Malaysia's GDP growth inches up to 3.3% but remains lackluster

Q3 figures show domestic sector expansion offset by weak external demand

17 November 2023
Proton is due to start selling Geely's Smart brand EV in Malaysia by the end of the year. (Photo courtesy of Proton) 
Automobiles

Geely eyes EV foothold in Southeast Asia with $10bn Malaysia hub

Chinese automaker doubles down on Proton partnership, readies first deliveries

8 November 2023
A Cambodian girl collects rubber sap at a farm in Tbong Khmum province. 
Business Spotlight

From Cambodia to Thailand, rubber producers brace for new EU rules

Deforestation regulation's requirement to prove sources called tough and costly

3 November 2023
The Malaysian ringgit fell to a 25-year low against the dollar in October. 
Economy

Malaysia holds key interest rate at 3.0% despite falling ringgit

Central bank stands pat as regional peers resume monetary tightening

2 November 2023
Malaysian Prime Minister Anwar Ibrahim, left, and Singapore’s Prime Minister Lee Hsien Loong shake hands after a joint news conference in Singapore on Oct. 30. (Pool photo via Reuters)
International relations

Singapore and Malaysia eye special economic zone on border

PMs Lee and Anwar discuss bilateral projects; expect agreement in January

30 October 2023
Australian Prime Minister Anthony Albanese will travel to China from Nov. 4 to 7 to meet with President Xi Jinping and Premier Li Qiang.
Your Week in Asia

BOJ policy meeting, Hong Kong FinTech Week, Australia PM visits China

Your weekly lineup of Asia's biggest business and political events

29 October 2023
Tengku Zafrul Abdul Aziz, Malaysia's minister of investment, trade and industry, speaks with Nikkei Asia in Kuala Lumpur on Oct 25. (Photo by Hiroki Endo)
Interview

Malaysia ready to become Southeast Asian EV hub, trade minister says

Zafrul confident that country's electronics industry can supply 1,400 components

26 October 2023
Malaysia's trade minister, Tengku Zafrul Abdul Aziz, says the Southeast Asian nation is pushing to expand its market access and build a resilient supply chain for manufacturing sectors.
Supply Chain

Malaysia plans to accelerate its EV and chip sectors as supply chains shift

Officials and business leaders call for resilient trade during Kuala Lumpur forum

25 October 2023
Malaysian Prime Minister Anwar Ibrahim. The country in September said it would ban exports of rare earths, but the policy now appears to be changing to allow the export of minerals that have been processed in Malaysia. (Pool via Reuters)
Trade

Malaysia to allow exports of processed rare earths: minister

Shipments of raw materials will still be banned as country aims to grow industry

24 October 2023
Malaysian Prime Minister Anwar Ibrahim has big ambitions for his country's startups.
DealStreetAsia

Malaysia seeks to put state-run VCs under sovereign wealth fund

Goal is to make country a top global startup ecosystem, Anwar Ibrahim says

16 October 2023
Currencies in Southeast Asia have trended lower against the dollar in recent months due to tepid regional economic growth and interest rate gaps with the U.S. (Source photo by Ken Kobayashi)
Market Spotlight

Malaysian, Thai economies suffer as currencies slide vs. dollar

ASEAN depreciations bring higher import costs and increase inflation risks

16 October 2023
Malaysia Prime Minister and Finance Minister Anwar Ibrahim holds up the 2024 budget document as he departs for parliament on Oct. 13. (Courtesy of Malaysia's Department of Information via Reuters) 
Economy

Malaysia to raise taxes and trim subsidies, with eye on 5% growth

Government sets record $83.4 billion budget for 2024

13 October 2023