News about Malaysia

KUALA LUMPUR (Aug 19): Hong Kong will not allow “vaccine recipients in Malaysia” from entering the territory from midnight tonight after authorities there announced on Tuesday that it is including 15 more countries to a “high-risk” list, Malaysiakini reported today.

KUALA LUMPUR (Aug 16): Despite Bank Negara Malaysia’s (BNM) move to slash growth forecast for 2021 to the 3% to 4% range, some economists are still holding out hope for growth to come in above 4% this year.

KUALA LUMPUR (Aug 15): Malaysia Building Society Bhd's (MBSB) group president and chief executive officer (CEO) Datuk Seri Ahmad Zaini Othman has passed away after battling with Covid-19 complications.

KUALA LUMPUR (Aug 15): While lauding the government’s efforts in strengthening the background check on the applicants of the Malaysia My Second Home (MM2H) programme, The International Real Estate Federation (FIABCI) Malaysian Chapter also urged the government to review some of the conditions that might dampened foreigners’ interest in coming to Malaysia.

KUALA LUMPUR (Aug 14): The Malaysian Bar has called on Prime Minister Tan Sri Muhyiddin Yassin to step down after admitting that several Members of Parliament (MPs) from the governing coalition had withdrawn their support for him, casting doubt on whether he still commanded the support of the majority of the Dewan Rakyat.

PETALING JAYA (Aug 13): Malaysia-China Chamber of Commerce (MCCC) has lauded the reactivation of the Malaysia My Second Home (MM2H) Programme but expressed reservation on the new stringent terms imposed.

  KUALA LUMPUR (Aug 13): The Malaysian economy grew by 16.

KUALA LUMPUR (Aug 13): Deloitte Malaysia has expressed support for the recommendation by the Organisation for Economic Co-operation and Development (OECD) to bring back the goods and services tax (GST) into Malaysia as part of the country's medium-term fiscal strategy.

KUALA LUMPUR (Aug 12): While the Malaysian economy is on the road to recovery from Covid-19, the Organisation for Economic Co-operation and Development (OECD) said risks still remain from the ongoing crisis, as continued reforms are required to improve the business environment further and accelerate digitalisation.

KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) today released the revised Reference Rate Framework that will take effect from Aug 1, 2022, under which the Standardised Base Rate will replace the Base Rate (BR) as the reference rate for new retail floating-rate loans.