KUALA LUMPUR (Reuters) – Malaysian Prime Minister Najib Razak will announce measures this week to boost the economic role of majority ethnic Malays, official media reported on Wednesday, signaling a reversal of earlier pledges to roll back affirmative action policies.
The announcement, due on Saturday, comes as Najib faces a ruling party leadership contest next month. It also follows an election in May in which his coalition, in power since independence from Britain in 1957, was overwhelmingly rejected by minority ethnic Chinese voters.
KUALA LUMPUR, Aug 21 (Reuters) – Indebted,
commodity-dependent Malaysia will be in investors’ crosshairs on
Wednesday as heavy selling of Indonesia and India’s currencies
threatens to spread to other Asian economies seen as most
vulnerable to a withdrawal of U.S. monetary stimulus.
After Indonesia, where concerns over a gaping current
account deficit sparked a stock market and currency rout this
week, Malaysia and neighbouring Thailand are seen as the most
vulnerable Southeast Asian markets to contagion effects.
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Cambodian voters stand up and deliver a big slap in the face of Hun Sen. A major surprise that will have big repercussions. #Cambodia
KUALA LUMPUR (Reuters) – Japan joined U.S.-led trade talks on Tuesday, adding its weight to a pact that covers two-fifths of the world economy but raising further doubt over whether negotiators can prise open sensitive sectors such as farm goods and state-linked firms.
Tokyo’s entry, which takes to 12 the number of countries in the Trans-Pacific Partnership (TPP), is a key plank of Prime Minister Shinzo Abe’s plans to shake up Japan’s economy and return it to growth after years of stagnation.
PADANG BESAR, Thailand (Reuters) – The beatings were accompanied by threats: If his family didn’t produce the money, Myanmar refugee Abdul Sabur would be sold into slavery on a fishing boat, his captors shouted, lashing him with bamboo sticks.
It had been more than two months since Sabur and his wife set sail from Myanmar with 118 other Rohingya Muslims to escape violence and persecution. Twelve died on the disastrous voyage. The survivors were imprisoned in India and then handed over to people smugglers in southern Thailand.