Business, markets and economy news from Malaysia.
Sabah's tourism sector faces a significant threat from 'Ali Baba' arrangements where foreign operators control businesses registered under local names. The state government is investigating the practice, which affects hundreds of jobs and billions in economic value.
Malaysia's Ministry of Investment has downplayed concerns that political uncertainties and speculation over GE16 are deterring foreign investors, asserting that broader economic factors carry greater weight.
Prime Minister Datuk Seri Anwar Ibrahim's diplomatic initiatives are gaining support for their potential to strengthen Malaysia's international economic partnerships and draw investment during a period of global geopolitical instability.
The Kelantan Malay Malaysian Chamber of Commerce has flagged widespread complaints from members about foreigners using marriages with local women and business partnerships to operate enterprises while evading licensing and taxation requirements.
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Prime Minister Anwar Ibrahim's official visit to Turkmenistan signals Malaysia's intent to deepen economic engagement with Central Asia, focusing on energy security, trade expansion, and investment flows to strengthen regional partnerships.
Austria-based AT&S has pledged RM9.4 billion for a new facility in Kulim, marking a significant vote of confidence in Malaysia's semiconductor industry and governance framework under PM Anwar Ibrahim's administration.
Thailand's PM Anutin Charnvirakul has reclaimed direct control of the Eastern Economic Corridor from his deputy, repositioning the strategic investment zone around food security and data centre development rather than traditional heavy industry.