Malaysia

Former Goldman Sacks banker Roger Ng has been convicted for his role in the 1MDB global embezzlement scandal.
Finance

1MDB: Ex-Goldman banker gets 10 years in prison for corruption case

Roger Ng was convicted last year of defrauding Malaysian wealth fund

10 March 2023
Former Malaysian Prime Minister Muhyiddin Yassin speaks at a general election campaign rally in November. (Photo by Norman Goh)
Politics

Malaysia's ex-PM Muhyiddin arrested on corruption charges

Third Bersatu arrest in weeks could ruin opposition party's chances at next poll

9 March 2023
Palm oil, derived from the fruit seen here, is widely used as a vegetable oil and is an ingredient in processed foods and many other products, including cosmetics. 
Commodities

Indonesia palm oil consumption, El Nino worries, weigh on market

World's top producer expected to export less due to domestic biodiesel mandate

8 March 2023
Malaysian Prime Minister Anwar Ibrahim speaks at the Invest Malaysia conference in Kuala Lumpur on March 8. (Photo by Norman Goh)
Economy

Malaysia keen on resuming high-speed rail project with Singapore

Government also commits to $2.2m seed fund to advance goal of net-zero by 2050

8 March 2023
A man unloads fresh fruit bunches from a cart at a palm oil fruit collection center for smallholders in Banting, Selangor, Malaysia, on June 10, 2022. Crude palm oil production in Malaysia and exports of the commodity are both expected to increase in 2023.
Commodities

Malaysia palm oil production, exports expected to rise this year

But country expresses concern over impact of EU effort to combat deforestation

7 March 2023
A South Korean FA-50 fighter jet purchased by the Philippines. Malaysia has also ordered 18 of the fighter jets.
Defense

Malaysia buys South Korea fighter jets as ASEAN arms market grows

Southeast Asian countries turn to Asia for affordable high-tech military supplies

7 March 2023
Prominent Asian startups Aerodyne Group and Terra Drone are seeking to expand their global footprints as the fast-growing industry grows more competitive. (Source photos from Aerodyne Group Facebook page and Terra Drone)
Aerospace & Defense Industries

Malaysian and Japanese drone startups jostle to lead global race

Aerodyne plans more acquisitions; Terra Drone expands in Middle East

6 March 2023
Tengku Muhammad Taufik, third from right, president and group CEO of Malaysia's Petronas, and Japanese Economy and Trade Minister Yasutoshi Nishimura, second from left, and others attend a decarbonization conference in Tokyo on March 3. (Photo by Sayumi Take) 
Climate Change

Malaysia's Petronas CEO seeks 'practical' clean power transition

Southeast Asian energy leaders meet for Japan's decarbonization initiative

3 March 2023
Telemedicine is gaining a foothold in Indonesia and other Southeast Asian countries for services ranging from consultations to delivering prescriptions. (Source photos by Getty Images)  
Business Spotlight

Indonesia and its ASEAN neighbors take to telemedicine

Growing populations, fewer physicians spur apps like Alodokter, Doctor Anywhere

3 March 2023
Philippine President Ferdinand Marcos Jr., left, and Malaysian Prime Minister Anwar Ibrahim discussed the Myanmar crisis during their meeting in Manila on March 1.
Myanmar Crisis

Malaysia's Anwar urges ASEAN rethink on resolving Myanmar crisis

Leader and Philippines' Marcos also discuss South China Sea, Mindanao

1 March 2023
Video of a gathering of young Malaysian Islamists began circulating on social media in the middle of February, raising concerns about an upturn in extremism in a generally tolerant nation. (Photo by Ken Kobayashi)
Politics

Islamist youth video clip fuels concern in moderate Malaysia

PAS try to pass off uniforms, fake weapons and martial music as cosplay

1 March 2023
AirAsia's passenger volume has returned to 75% of pre-pandemic volume on domestic routes and 49% on international flights.
Transportation

AirAsia parent Capital A logs first quarterly profit since pandemic

China reopening seen boosting Malaysian airline's recovery

1 March 2023
The Philippines and Malaysia's startup ecosystems are emerging as lesser-known hot spots in Southeast Asia for investors seeking solid returns from young tech companies. (Source photos by Akira Kodaka and AP)
Startups

Philippines, Malaysia emerge as startup hot spots, says investor

500 Global doubles down on regional tech investment as valuations cool

28 February 2023
The Tim Hortons coffeeshop chain, based in Canada, has over 5,600 locations worldwide.
Food & Beverage

Tim Hortons coffee chain expands to Singapore, Malaysia in Marubeni pact

Japan trading house to open hundreds of shops in Southeast Asia, including Indonesia

28 February 2023
A doctor speaks with a patient at a clinic in Shah Alam, Malaysia. Sumitomo will roll out a service that matches employees with affordable hospitals.
Health Care

Sumitomo to help companies cut medical costs in Malaysia, Vietnam

New service matches employees with affordable clinics in Southeast Asian push

25 February 2023
Malaysia's Prime Minister and Finance Minister Anwar Ibrahim holds the 2023 budget document at the finance ministry building, as he departs to the parliament in Putrajaya on Feb. 24.
Economy

Malaysia's Anwar unveils first budget, with social welfare boost

New PM ups subsidies and assistance 40% as overall size smaller than 2022

24 February 2023
The new Singapore-India payment link is set up to allow real-time virtual transfers of money across borders in seconds, and has been billed as a means to reduce the cost and inefficiencies of remittances between both countries.
Finance

Singapore links digital payments with India after Thailand

Prime Ministers Lee and Modi laud connection of finance infrastructure

21 February 2023
Students in a class at Asia Pacific University of Technology and Innovation.
DealStreetAsia

TPG-led consortium buys controlling stake in Malaysian university

U.S. private equity giant has $135bn of assets under management

20 February 2023
A truck carries rare-earth elements toward Lynas Rare Earths' Mount Weld processing plant in Western Australia. The company has a major plant in Malaysia.
Environment

Malaysia says Lynas Rare Earths must stop key processing activity

Government cites radioactivity, but Australian company says operation 'low risk'

16 February 2023
Malaysian Prime Minister Anwar Ibrahim, right, attends a welcoming ceremony in Bangkok with Thai Prime Minister Prayuth Chan-ocha. This was the leaders' first meeting since Anwar took office in November.
Trade

Thailand, Malaysia leaders agree to bolster bilateral trade

Anwar 'optimistic' on facilitating Bangkok's talks with southern rebels

10 February 2023
Retaining Malay support turned to be one of Malaysia Prime Minister Anwar Ibrahim's top priorities. (Photo by NurPhoto via Getty Images)
Politics

Malaysia's UMNO chaos clouds future of Anwar's fragile coalition

Once-formidable party may lose more Malay support after purge of leaders

8 February 2023
A worker collects fresh fruit bunches during harvest at a palm oil plantation in Indonesia.
Commodities

Indonesia shakes palm oil market again, eyeing biodiesel over exports

Jakarta pushes to boost domestic use as EU steps up deforestation battle

8 February 2023
Malaysian Prime Minister Anwar Ibrahim: "There must be a peaceful and amicable resolution to the conflict." (Source photo by Reuters)
Politics

Malaysia PM Anwar enters Thai peace talks with separatist rebels

Leader may help jump-start negotiations in Thailand's troubled south

5 February 2023
DALI says that the Philippines is among the highest food-spending and disposable-income markets in Asia. (Source photos by screenshot from DALI Stores' website) 
DealStreetAsia

Malaysia's Creador invests $55m in Philippines-focused DALI Stores

Fund's founder says country will be among its most active investment markets

1 February 2023
Nurul Izzah, Malaysian Prime Minister Anwar Ibrahim's eldest daughter, speaks during an election campaign in May 2018. Her family is being accused of nepotism.
Politics

Malaysia PM Anwar's pick of daughter as adviser draws flak

Accusation of nepotism could worry investors expecting clean break from past

1 February 2023