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September, 30, 2016

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Business > Asia > Malaysia
The Malaysia-Singapore high-speed rail (HSR) is a mega project that not only symbolizes the warming of ties between Malaysia and Singapore, but also the increased economic links between the two countries.
 
Shops at a Johor mall popular with Singaporeans experienced a significant dip in business Saturday, a day after tolls went up on the Malaysian side of the Causeway.
 
Hot money is flowing back into Asian economies driven by investors' appetite for risky assets and higher returns, as tension in the Ukraine subsides while the prospects of a slowdown in China raise hope for fresh stimulus.
 
Malaysia to relax some auto sector regulations
Malaysia announced Monday it would allow foreign automakers to build smaller passenger cars in the country, a liberalizing move aimed at repositioning the country as a leader in energy-efficient vehicles.
 
It's probably the one dividend rate most Malaysians will scrutinize. The rate will be dissected, debated and then the verdict from the people will be whether it's satisfactory or poor. That single dividend is what the Employees Provident Fund (EPF) announces yearly. Last year's 6.15% was the highest in a decade, but the challenge that the EPF faces is how to keep that going.
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The processing fee for checks from 15 sen to 50 sen -- a 230-percent increase -- is a "penalty adding to the unnecessary cost of doing business," said the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).
 
The fall of the Malaysian ringgit to a 15-year low against the Singapore dollar has been a boon for Cynthia Yong. That's because the tax manager works in Singapore and sends SG$900 (US$706) a month to her retired parents in Johor Baru.
 
Five NGOs have called on Malaysia to exclude medical and tobacco businesses in the ongoing free trade talks under the Trans-Pacific Partnership Agreement (TPPA).
 
Malaysia's central bank has imposed measures on household lending, including limits to loan tenures, which economists Sunday said will reign in "excessive" consumer borrowing and curb property speculation.
 
Worst of smoky haze shifts from Singapore to Malaysia
Malaysian authorities declared a state of emergency Sunday in a southern district where a smoky haze blamed on Indonesian forest fires has triggered one of the country's worst pollution levels in years.
 
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