Malaysia

Malaysia govt agrees to resume 'no find, no fee' hunt for flight MH370

Malaysia's government has agreed in principle to accept a second no find, no fee proposal from a US company to renew the hunt for flight MH370, which is believed to have crashed in the southern Indian Ocean more than 10 years ago, Transport Minister Anthony Loke said Friday. Loke said Cabinet ministers gave the nod at their meeting last week for Texas-based marine robotics firm Ocean Infinity to continue the seabed search operation at a new 15,000-square-kilometer site in the ocean. The proposed new search area, identified by Ocean Infinity, is based on the latest information and data analyses conducted by experts and researchers. The company's proposal is credible, he said in a statement. The Boeing 777 plane vanished from radar shortly after taking off on March 8, 2014, carrying 239 people, mostly Chinese nationals, on a flight from Malaysia's capital, Kuala Lumpur, to Beijing. Satellite data showed the plane deviated from its flight path to head over the southern Indian Ocean, .

Any US tariffs on Brics nations could impact semiconductor supply: Malaysia

Trade minister Tengku Zafrul Aziz said Malaysia was closely monitoring developments after US President-elect Donald Trump said Brics members would face 100 per cent tariffs

Over 30 killed, thousands displaced due to floods in Malaysia, Thailand

Severe floods caused by monsoon rains killed more than 30 people and displaced tens of thousands in Malaysia and southern Thailand, officials said Tuesday, with both countries preparing shelters and evacuation plans in anticipation of more heavy rain. Malaysian Prime Minister Anwar Ibrahim said five days of heavier-than-expected rain that battered the country's east coast last week was equal to the rainfall over the past six months, wreaking havoc in the northeastern state of Kelantan and neighbouring Terengganu. The heavy downpours damaged roads and houses in Kelantan and other parts of Malaysia. Rescue workers used boats to distribute food to victims trapped in their homes. Anwar said it would cost the government an estimated 1 billion ringgit (USD 224 million) to repair infrastructure damaged by the floods. The rain eased over the weekend, but the Meteorological Department forecast heavy rains later Tuesday. Anwar said the government is bracing for another monsoon surge that is .

India-Malaysia joint military exercise 'Harimau Shakti' to begin on Dec 2

Army, via an official statement, stated that the exercise is expected to enhance interoperability between Indian Army and Malaysian Army in conducting sub-conventional operations under UN mandate

Malaysian bizman Ananda Krishnan, who once sponsored CSK in IPL, dies

Hailed as Malaysia's communication titan, Anand Krishnan was Malaysia's third-richest person, with a net worth exceeding Rs 40,000 crore (over $5 billion)

Malaysian tycoon's son renounces Rs 4,000 crore fortune to embrace monkhood

The son of Malaysian billionaire Ananda Krishnan, Siripanyo chose to leave behind a multi-billion-dollar inheritance to dedicate his life to Buddhism

China expanding visa-free entry to more countries in bid to boost economy

Starting Nov 30, travellers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa

AirAsia begins Port Blair to Kuala Lumpur flight service from today

AirAsia will operate an international flight from Port Blair in Andaman and Nicobar Islands to Kuala Lumpur in Malaysia on Saturday, officials said. Presently no international airlines operate from Port Blair's Veer Savarkar International Airport. Speaking to PTI, Chief Airport and Customer Experience Officer, AirAsia, Kesavan Sivanandam said, "It is a significant milestone because it will be the first-ever international flight from Port Blair. Our motto is not only looking at commercial viability but also connecting people. I would like to thank the local administration for all their support." Tour operators in Andaman feel that the commencement of AirAsia flights to Malaysia will be a big game changer in the tourism sector in Andaman and Nicobar Islands and Southeast Asia. "I would like to convey my sincere thanks and congratulations to AirAsia for taking this initiative to extend air connectivity from Andaman and Nicobar Islands to South East Asia. The Airports Authority of Indi

Malaysian court orders ex-PM Najib to enter defence in his 2nd graft trial

Malaysia's High Court on Wednesday ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund. Najib set up the 1Malaysia Development Berhad state fund shortly after taking power in 2009 to promote economic development, but the fund amassed billions in debt. Investigators allege more than USD 4.5 billion was stolen from the fund and laundered by his associates to finance Hollywood films and extravagant purchases. The prosecution established its case on four charges of abuse of power to obtain over USD 700 million from the fund that went into Najib's bank accounts between 2011 and 2014, and 21 counts of money laundering involving the same amount, trial judge Collin Lawrence Sequerah said Wednesday. He said evidence showed Najib had a vested interest in 1MDB, and his pivotal role in all relevant transactions that eventually plunged the fund into debt. Testimony by witness

Jailed Malaysia former PM Najib apologises for mishandling of 1MDB scandal

1MDB, a sovereign wealth fund co-founded by Najib in 2009 while he was premier, has faced corruption probes over the alleged misappropriation of over $4.5 billion by high-level officials

Petronas' exploration in South China Sea to continue: Malaysian PM Ibrahim

This includes exploration activities in Petronas' Kasawari gas development off Sarawak state on Borneo, he told parliament

India key mkt despite import duty hike: Malaysia Palm Oil Council Chief

Malaysia remains optimistic about palm oil exports to India despite recent import duty hike, with the Malaysian Palm Oil Council (MPOC) Chairman Dato Carl Bek Nielsen emphasizing the long-standing trade relationship between the two countries. In an interview to PTI, Nielsen stressed that India, being the world's largest palm oil importer, continues to be an "incredibly important market" for Malaysian palm oil. He pointed out that such tariff adjustments have occurred in the past and are part of the normal trading relationship between the two countries. "This has been done before. Duties have been raised, and duties have been reduced, and we will see that this pattern will repeat itself in the future," Nielsen said. He said that the council's approach would be based on long-term partnership rather than "short-term knee-jerk reactions." He also added that the council is "not worried" about the tariff changes because there are other countries which would want to buy Malaysian palm oi

Malaysia Airlines to resume Kuala Lumpur-Kolkata flights on December 2

Malaysia Airlines will restart direct flights between Kuala Lumpur and Kolkata from December 2 as the carrier boosts its services to India. Currently, the airline connects Kuala Lumpur directly with nine Indian cities -- New Delhi, Bengaluru, Mumbai, Chennai, Hyderabad, Kochi, Amritsar, Trivandrum and Ahmedabad. Five weekly flights will be operated with Boeing 737-800 aircraft on the Kuala Lumpur-Kolkata route starting from December 2, the airline said in a release on Tuesday. Malaysia Airlines stopped direct flights to Kolkata in 2006. With the recommencement of the Kuala Lumpur-Kolkata services, the airline will offer 76 weekly flights between India and Malaysia. Currently, the carrier operates 71 weekly flights to India. The flights to Amritsar were increased from four per week to daily in August. "India is a key market for us, and by continually enhancing our network and increasing frequencies, we aim to deliver exceptional travel experiences, complemented by Malaysia Airline

Malaysia terms India's import duty hike on palm oil a temporary aberration

Malaysia's Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani on Tuesday termed India's recent hike in palm oil import duty as a "temporary aberration", saying demand for the commodity remains steady. Ghani dismissed speculation about arrangements between Malaysia and India for palm oil supplies in exchange for fighter aircraft transfers. India, the world's largest edible oil importer, raised import duties on palm oil and other edible oils on September 14, 2023, increasing the effective duty on crude palm oil from 5.5 per cent to 12.7 per cent and on refined oils from 13.75 per cent to 35.75 per cent. "Any kind of aberration, for me, it is just temporary," Ghani said responding to a PTI query during a press conference on the sidelines of the Malaysia Palm Oil Forum. The recent tariff policy changes by India will not create any "issue", he added. The minister emphasised that India, with its population of 1.4 billion, has various options for edible oils, including pal

Malaysia hopes EU legislators will be accommodative on sustainable policies

n the engagements we have made with EU, we are ready to comply. We just need a little bit more time for our small holders... the government will assist them to comply

Malaysia PM Anwar Ibrahim to visit Bangladesh today, focus on labour issues

Prime Minister Anwar is expected to meet with Yunus, where a broad spectrum of issues will be on the agenda

Palm oil loses position as world's cheapest edible oil as output shrinks

Key users such as cookie makers, restaurants and hotels in India are unlikely to look for substitutes immediately, even as some household consumption of palm oil may shift to its rivals

Malaysia generating enough energy for big development projects, exports: PM

The investment boost has helped propel Malaysia's economy this year, with growth beating expectations in the past two quarters

Malaysia announces tax breaks, incentives for Forest City development

Forest City, a joint venture between the embattled Country Garden and a private Malaysian company backed by the country's king, has been beset by problems

India very important market, looking at more frequencies: Malaysia Airlines

Malaysia Airlines is keen to expand its operations into India, which is a "very important market", according to a top airline official. The airline, which currently flies to nine Indian cities, is eyeing new destinations as well as looking to increase frequencies to Trivandrum and Ahmedabad. Part of the Malaysia Aviation Group (MAG), Malaysia Airlines operates daily flights to Delhi, Mumbai, Bengaluru, Amritsar, Chennai, Hyderabad and Kochi. It also has four weekly services from Ahmedabad and Trivandrum. "We continue to remain excited about the Indian market. It has been driven by robust economic movement," MAG's Group Managing Director Datuk Captain Izham Ismail told PTI in an interview. "We aspire to expand more into India... that will happen only next year... India is a very important market," he said and added that it will look at expansion once it gets more aircraft. Currently, Malaysia Airlines operates 71 weekly flights to India. The flights to Amritsar were increased from