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May, 7, 2016

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Business > Asia > Malaysia
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.
 
Malaysia's ringgit currency suffered one of its worst one-day declines on Friday, falling to a fresh 17-year low in a protracted slide blamed on concerns over low oil prices and political uncertainty.
 
Malaysia's central bank said Thursday there is no need for "extreme measures" such as pegging the currency or capital controls to halt a slide in the ringgit.
 
One in five Malaysians, aged 60 and above, work. And almost 70 percent of them do it because they have to.
 
Unpopular tax hands fresh ammo to Malaysia PM's foes
An unpopular new consumption tax has handed fresh ammunition to critics of Malaysia's embattled prime minister, with angry consumers complaining it has sent some prices surging, and economists warning it could harm growth.
 
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