Malaysian state energy firm Petronas said Thursday about US$5.2 billion will be invested in its North Malay Basin project off the east coast over the next five years.

A controversial rare earths plant being built in Malaysia by an Australian miner is safe, a parliamentary panel ruled on Tuesday, but opponents vowed to continue their fight.

An Australian court on Thursday fined Malaysia Airlines AU$6 million (US$5.98 million) for price-fixing linked to a massive international cargo cartel.

Flag carrier Malaysia Airlines said Wednesday its 2.5 billion ringgit (US$786 million) Islamic bond issue to fund an ambitious plan to overcome financial difficulties has been fully subscribed.

Palm oil giant Felda Global Ventures Holdings' IPO has been massively oversubscribed amid hot demand for the world's second-largest listing this year after Facebook.

The Sultan Mahmud International Airport in Kuala Terengganu has been chosen as the international hub for a new airline, which has been described as a fusion between a budget and high-end carrier.

Malaysia reported flat export growth for April on Wednesday as weaker demand in the trade-dependent economy's key European and U.S. markets offset continued strong shipments to China.

Malaysian palm oil giant Felda said Thursday its initial public offering in June could raise up to 10.5 billion ringgit (US$3.3 billion), making it the world's second-biggest IPO this year after Facebook.

Malaysian national carmaker Proton said it has suspended the head of its loss-making British sportscar business after Proton's new owner complained about his conduct.

Malaysia's economic growth slowed to 4.7 percent in the first quarter, the government said Wednesday, due to weakening exports sparked by a stuttering global economy and debt woes in Europe.