PUTRAJAYA, Malaysia (Reuters) – Malaysian leader Najib Razak has warned that nascent reforms can’t be done “overnight” and that Southeast Asia’s third-largest economy risks slipping backwards if he does not win a strong majority in an election he must call within weeks.
Prime minister Najib said a reduced parliamentary majority could weaken his drive to curb Malaysia’s budget deficit and raise investment, and even cost him his job.
Deafening silence from Malaysia on what happened in #Sabah 24 hours after operation began. Did the Filipinos get away?
Two totally divergent accounts. Malaysians say all under control and op went as planned. Sultan’s groups says they are “relaxing.” #Sabah
KUALA LUMPUR, March 5 (Reuters) – When dozens of armed
Filipinos landed by boat on Malaysia’s part of Borneo island
last month claiming to be a “royal army” and pressing an obscure
historic claim, it seemed like a bizarre incident that would
soon be resolved and forgotten.
Three weeks later, 27 people including eight Malaysian
policemen have been killed, sparking a political crisis ahead of
elections for both the Philippine and Malaysian governments and
raising concerns of instability in resource-rich Sabah state.
KUALA LUMPUR, Feb 28 (Reuters) – Thailand’s government will hold formal peace talks with a major Muslim rebel group for the first time next month, marking a breakthrough in efforts to end a worsening conflict in the country’s south that has claimed over 5,000 lives since 2004.
Senior Thai officials and members of the Barisan Revolusi Nasional (BRN) group signed the agreement for the talks in the Malaysian capital of Kuala Lumpur. However, there was no immediate word whether it would be accompanied by a ceasefire, following an upsurge in violence in southern Thailand, near the border with Malaysia, in recent months.
KUALA LUMPUR, Feb 18 (Reuters) – Nazir Razak, the chief
executive of Malaysian bank CIMB, says his country is
“at a crossroads” ahead of elections that his brother, the prime
minister, must call within weeks. The same can be said of his
A $3.7 billion Asia expansion by CIMB, aiming where others
have failed to build a regional powerhouse by tapping
fast-growing markets, is running into stiff headwinds from
competition, rising costs and capital constraints.
KUALA LUMPUR, Feb 5 (Reuters) – Chinese firms will invest
more than $1.6 billion to build steel, aluminium and palm oil
processing plants and expand a port in a new industrial zone on
the Malaysian east coast, Malaysia announced on Tuesday.
The Chinese spending is part of total joint investments of
10.5 billion ringgit ($3.5 billion) expected by 2020 in the new
Kuantan Industrial Park as Beijing moves to deepen its ties with
the Southeast Asian nation.