KUALA LUMPUR, Dec 3 (Reuters) – Malaysia looked set to
announce a second cut in petrol subsidies on Friday as the
country’s prime minister presented plans to liberalise the
economy and set up an independent sovereign wealth fund along
with measures to boost investment here.
News website Malaysiakini (www.malaysiakini.com) reported
that the government would announce a 2.7 percent increase in
the price of the most commonly used RON97 petrol blend as it
moves ahead with cutting subsidies, a burden on the budget.
KUALA LUMPUR, Nov 30 (Reuters) – Malaysia’s government on
Tuesday announced tax incentives to boost oil production and
set out plans for billions of dollars in infrastructure
investment as part of its bid to create millions of new jobs
and double national income by 2020.
Malaysia is set become a net oil importer by 2012-13 and
said it would cut tax rates for the development of new oil and
gas resources and enhancing recovery from depleted fields.
KUALA LUMPUR (Reuters) – Malaysia’s main opposition party looks increasingly unlikely to mount a serious threat to the status quo when the country next goes to the polls.
Its leader Anwar Ibrahim is on trial on sodomy charges. And an internal election to choose his party’s deputy leader — and his successor if he is convicted — has divided the party just at a time when Prime Minister Najib Razak may decide to call a snap election.
By Razak Ahmad
KUALA LUMPUR (Reuters Life!) – Malaysia’s first gay-themed film, which will open in cinemas in February, is set to raise eyebrows in this conservative, mainly Muslim Southeast Asian country, where homosexuality remains a taboo subject.
The Malay language “…Dalam Botol” (“… In a Bottle”) tells the story of the relationship between Ruby, a transsexual Muslim man, and her wayward male lover Ghaus.
PUTRAJAYA, Malaysia, Oct 27 (Reuters) – An India-Malaysia
free trade deal is expected to almost double trade by 2015,
allowing them to reduce dependence on traditional growth
engines such as China and the United States.
The trade agreement will be signed by January 31 and come
into force by July 1.
KUALA LUMPUR (Reuters) – Malaysian Prime Minister Najib Razak is expected to seek his party’s backing at its annual meeting from Thursday to push through key changes to convince increasingly impatient investors he is committed to reforms.
Resistance to change within Najib’s United Malays National Organisation (UMNO) has cast doubt on his resolve to effect promised policy changes as the government gears up for a national election expected next year.
KUALA LUMPUR, Oct 15 (Reuters) – Malaysia rolled out on
Friday a 2011 budget that skipped structural reforms demanded
by investors and relied on infrastructure spending and raising
incomes to fuel economic growth ahead of polls expected next
Prime Minister Najib Razak presented a budget plan that
targets a 2.8 percent rise in spending and aims to shrink the
deficit to 5.4 percent of gross domestic product next year from
5.6 percent this year thanks to sustained strong growth.
By Razak Ahmad and Angie Teo
KUALA LUMPUR (Reuters Life!) – As Malaysia’s top Islamic faith healer Haron Din began reciting Quranic verses, his possessed patient started to scream and fidget.
The exorcism at Haron’s busy faith healing clinic on the outskirts of the Malaysian capital lasted for about a minute. The woman slammed her fists repeatedly on her lap and finally wept in submission.
By Razak Ahmad and Angie Teo
KUALA LUMPUR, Sept 24 (Reuters Life!) – Demand for luxury
funerals is booming in Southeast Asia, driven by the rising
ranks of the wealthy in the region.
From $100,000 gold-plated caskets to million dollar burial
plots, a growing number of the rich are making the passage to
the afterlife with the best that money can buy.
KUALA LUMPUR (Reuters) – A Malaysian state is to allow Muslim girls under the age of consent of 16 years to wed in a bid to stem unwed pregnancies, angering the country’s women’s activists and politicians.
The Islamic council in the southern Malaysian state of Malacca on Tuesday announced that it would to allow marriage for Muslims below the current minimum age of 16 years for females and 18 for males.