Share What started off as a 1.8 billion Malaysian ringgit ($516.2 million) project has ballooned into one which could cost more than 10 billion ringgit following an acrimonious pullout by the project’s Dubai-based international partner. The issue raises the question of risk foreign investors face when doing business in Malaysia. It has been used to [...]

Share Malaysia’s 40 wealthiest are worth $36 billion, down from $46 billion a year ago. That loss is largely in line with the 21% drop in the Kuala Lumpur Composite Index and not too bad considering the fact that the Malaysian ringgit has lost 10% against the U.S. dollar, the currency in which net worths [...]

Share Malaysia’s opposition leader Anwar Ibrahim said on Monday he is confident a court will find no evidence of sodomy when his case, which has inflamed political passions in Malaysia, resumes in July. Anwar, who spent six years in jail on a 1998 sodomy conviction that was ultimately overturned, faces a 20-year sentence if convicted [...]

Share Police raided a Malaysian opposition party’s headquarters to search for seditious material, sparking accusations Sunday of a crackdown on political dissent. The hour long search late Saturday marked the first time police had raided the Democratic Action Party‘s main office in its 42-year history, said the party’s parliamentary chief, Lim Kit Siang. Plainclothes policemen [...]

Share The Court of Appeal yesterday returned a unanimous decision that Barisan Nasional‘s Datuk Zambry Abd Kadir is the rightful Perak mentri besar, ruling that his Pakatan Rakyat rival Datuk Seri Mohammad Nizar Jamaluddinn had ceased to command the majority in the Perak state assembly. The judges also ruled that the Sultan was right in [...]

Share A new political party for Malaysia’s ethnic Indian minority was launched on 19 Mei 2009, with its leader saying it would fight discrimination against the disadvantaged community. The Malaysian Makkal Sakti (People’s Power) party is an offshoot of the banned rights group Hindraf, which had five of its leaders detained without trial after mounting [...]