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AirAsia Group Bhd shares plunged as much as 21% to the lowest in almost four years, after reports Malaysia’s government had asked other local airlines to potentially absorb the cash-strapped carrier’s domestic market share.
Malaysia’s struggling bond market may see an outflow of Japanese capital as its yield premium shrinks.
Malaysia’s ringgit fell to a 10-month low versus the Singapore dollar, weighed by foreign stock outflows while the island state’s currency is supported by a hawkish monetary policy stance.
Malaysia’s bonds lured record inflows in August on optimism over the impact of the artificial intelligence boom on the Southeast Asian economy.
Yap Yee Lin has been serving espresso at a Starbucks in Malaysia since 2012, longer than many of his colleagues have worked anywhere. But it was only last year, after 13 years with the company, that he was promoted to shift manager at a branch in Kuala Lumpur’s Bangsar Village II. The wait says less about Yap, who is deaf, than it does about how rare that kind of promotion still is for deaf workers in the Southeast Asian nation – and how much has had to change around him to make it...
The son of Malaysia’s king has dismissed a report that a potential tax bill of more than S$2 billion (US$1.6 billion) is complicating his plans to sell 16.6 hectares (41 acres) of land in Singapore, saying he was “more than happy” to absorb levies on both sides of the causeway. “As a regular taxpayer, this is normal. No complication and more than happy to contribute to both countries. Should make it double,” Tunku Ismail Sultan Ibrahim posted on social media on Thursday, hours after the...
Malaysia’s central bank extended a more than year-long pause in interest rates but tweaked its monetary policy statement to remove a reference to its stance as being “appropriate”, in a possible signal that borrowing costs may rise.
A Malaysian royal’s plan to sell a tract of land in the heart of Singapore faces a complication: a tax bill that may exceed $1 billion.