Malaysia’s Court of Appeal has unanimously dismissed former Prime Minister Najib Razak’s appeal to overturn his conviction in the SRC International corruption case, and upheld the High Court’s verdict against him. Najib was sentenced to 12 years in prison and fined 210 million ringgit ($50 million) last year after being found guilty of transferring 42 million…
Malaysia Court Rejects Former Prime Minister’s Appeal, Upholds Guilty Verdict
Japan, Malaysia Strengthen Bilateral Ties Amid China’s Increasing Assertiveness
Japan and Malaysia have agreed to strengthen bilateral ties and push for “concrete cooperation” between the two countries amid China’s assertive activities in the East and South China Seas. Japanese Prime Minister Fumio Kishida and his Malaysian counterpart Ismail Sabri Yaakob exchanged views on regional affairs in a phone call that lasted about 25 minutes…
Malaysia’s AirAsia Reports Deeper Loss in Q3 Amid Lower Revenue, Forex Loss
Malaysian budget airline AirAsia Group Bhd said its net loss for the third quarter ended on Sep. 30 widened to 887 million ringgit ($212 million) versus 851.8 million ringgit ($203 million) a year earlier, citing a shortfall in revenue and a foreign exchange loss. Revenue for the period plunged 37 percent to 295.9 million ringgit…
Former Malaysian Prime Minister Leads Party to Landslide Victory in State Elections
Malaysia’s former Prime Minister Najib Razak has led his party United Malays National Organization (UMNO) and its allies to a landslide victory in Malacca state elections, with the UMNO-led Barisan Nasional (BN) coalition winning 21 of the 28 state seats on Nov. 20. UMNO won 18 of the 28 seats, while its allies in the…
US and Foreign Companies Leaving China
News Analysis China is no longer the world’s manufacturer as U.S. and foreign companies are leaving in large numbers for a variety of reasons. Some of the factors that have caused companies to move their production facilities out of China include the following: the U.S.-China trade war and tariffs, intellectual property (IP) theft, sanctions imposed…
Malaysia Summons Chinese Envoy to Protest ‘Presence’ of Beijing Vessels in its Waters
October 5, 2021
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Asia & PacificChinaChina South China seaIndo-PacificInternational RelationsMalaysiaSouth China SeaWorld
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Malaysia on Monday summoned the Chinese ambassador for the second time since June to “protest” the presence of Chinese vessels in the country’s exclusive economic zone, the foreign ministry said. The Malaysian Ministry of Foreign Affairs said in a statement that it called in ambassador Ouyang Yujing to “convey Malaysia’s position” and protest against the…
Malaysia Seeking Beijing’s ‘Views’ on New Australia, US, UK Nuclear Submarine Pact
September 23, 2021
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Asia & PacificAUKUSAustraliaaustralia-chinaChinaChina-Australia RelationsInternationalInternational RelationsMalaysiaWorld
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Malaysia’s Defence Minister Hishammuddin Hussein is contemplating a trip to China to discuss the newly minted AUKUS alliance between Australia, the United States (U.S.), and the United Kingdom (UK). Malaysian and Indonesian authorities have raised concerns about a potential arms race in the region, which is in contrast to the Philippines government who backed the…
Malaysia’s Top Glove Quarterly Earnings Plunge 48 Percent on Slower Sales
KUALA LUMPUR—Malaysia’s Top Glove Corp. Bhd posted on Friday a 48 percent drop in its fourth-quarter earnings as the steady rollout of vaccines worldwide pulled down the demand for gloves. The world’s largest medical glove maker recorded a net profit of 607.9 million ringgit ($145.88 million) during June-August, compared with 1.17 billion ringgit a year…
Surge in Virus Deepens Global Supply Chain Woes
Renewed outbreaks of COVID-19 in Asia are compounding the global supply chain problems that began at the onset of the pandemic and shutdown measures last year. The latest wave of infections in Malaysia and other Southeast Asian countries has led to closures of plants and ports, causing severe disruptions in the supply of semiconductors and raw materials….
Malaysia’s Top Glove Says US Lifts Import Ban Over Forced Labour
KUALA LUMPUR—Malaysia’s Top Glove Corp. said on Friday it has been allowed to resume sales to the United States, after customs authorities lifted a year-long ban imposed for alleged forced labour found at the world’s largest medical glove maker. The U.S. Customs and Border Protection (CBP) had banned gloves made by Top Glove in July…
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