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October, 1, 2016

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Business > Asia > Malaysia
Malaysia's state energy firm Petronas said Monday profits plunged 85 percent in the second quarter due to low oil prices, adding to concerns about the country's slowing economy.
 
Malaysia's economic growth eased in the second quarter, the central bank said Friday, attributing the slowdown to a decline in exports amid subdued global demand.
 
Malaysia, Singapore team up on bullet-train project
Malaysia and Singapore signed an agreement Tuesday to pursue an ambitious high-speed rail link touted as a first for Southeast Asia that would knit the historically fractious neighbors more closely together.
 
Malaysia's economy expanded in the first quarter at its slowest rate since the global financial crisis, data showed Friday, as the energy-exporting country grapples with falling oil prices and weak overseas demand.
 
Malaysia's government has approved a bailout package of 1.5 billion ringgit (US$384 million) to help struggling national car maker Proton help pay its debts, amid poor sales and heavy losses.
 
More than 200,000 undocumented Bangladeshi migrants in Malaysia are set to be regularized, with the legalization procedure expected to begin this week.
 
Malaysia on Thursday cut its 2016 growth forecast and slashed spending plans as the economy reels from the slump in oil prices, dealing a new setback to embattled Prime Minister Najib Razak.
 
Malaysia to pull in more shoppers from Brunei to promote tourism
Tourism Malaysia is working with travel agents and tourism associations in Brunei to promote Malaysia as a top destination for shoppers.
 
Attention owners of three jumbo jets parked at Malaysia's main airport: please remove your aircraft immediately or the airport will.
 
Malaysia will inject US$4.6 billion to bolster its stock market and will spend millions more dollars on infrastructure projects, Prime Minister Najib Razak said Monday, announcing a fresh bid to stimulate the slowing economy.
 
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