Showing 1 - 10 of 18
Japan firms cool on Malaysia-Singapore rail project
Kyodo News, Published on 11/01/2024
» TOKYO - Japanese companies have decided to drop their plans to get involved in a high-speed rail project connecting Kuala Lumpur and Singapore, government and company sources said on Thursday.
Year of Turbulence
Asia focus, Asia Focus Team, Published on 27/12/2021
» Pandemic drags on recovery: In the early stages of the Covid-19 pandemic in 2020, many Asian countries had enviable success, avoiding large-scale outbreaks and mass deaths. But the arrival of the more transmissible Delta variant this year and sluggish vaccine rollouts compounded by low availability sent cases surging. Combined with poor monitoring and easy movement among countries, often unofficially, Southeast Asia became a virus hotspot. The ballooning health crisis collided with churning political discontent in the case of Myanmar, Thailand and Malaysia. Economically, the new wave of infections, and attendant restrictions imposed to curb the spread, stalled recoveries. After nearly two years of strict border controls, many countries started to loosen up and live with Covid. But the rise of the Omicron variant now threatens to scuttle those tentative reopening plans and usher in a third year of economic anxiety.
Thai stocks drop, Malaysia hits 7-month low
Bloomberg News, Published on 28/06/2021
» Thai stocks fell on Monday while Malaysian equities tumbled to a seven-month low, leading a selloff across many of southeast Asia’s markets, after the government in Kuala Lumpur extended a nationwide lockdown due to elevated Covid-19 infections.
SE Asian economies languish as virus challenges persist
Bloomberg News, Published on 11/05/2021
» The Philippine and Malaysian economies continued contracting in the first three months of the year, adding to signs that some of Southeast Asia’s biggest nations are struggling amid a resurgence in coronavirus cases.
Microsoft to invest B31 bn in Malaysia to set up data centres
Reuters, Published on 19/04/2021
» KUALA LUMPUR: Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the neighbouring nation's prime minister said on Monday.
Malaysia accepts 14% cost increase in China-led rail project
Reuters, Published on 05/04/2021
» KUALA LUMPUR: Malaysia said on Monday that it had accepted an increase of nearly 14% in the estimated construction cost for the proposed East Coast Rail Link (ECRL), part of China's Belt and Road Initiative, as the length of the route would be slightly longer.
Malaysia unveils B112bn package as Covid cases surge
Bloomberg News, Published on 18/01/2021
» Malaysia unveiled a new 15 billion ringgit (112 billion baht) assistance package to help the economy weather the impact from a fresh surge in coronavirus cases.
Singapore, Malaysia terminate high-speed rail project
Bloomberg, Published on 01/01/2021
» A multi-billion-dollar high-speed rail link between Singapore and Malaysia’s capital Kuala Lumpur has been terminated.
A year like no other
Asia focus, Published on 28/12/2020
» In a world under siege from a relentless virus, Asia's resilience was tested to the utmost. Asia Focus staff look back at key events
Asia Pacific nations sign world’s biggest trade deal
Bloomberg News, Published on 15/11/2020
» Asia Pacific nations including Thailand, China, Japan and South Korea on Sunday signed the world’s largest regional free-trade agreement, encompassing nearly a third of the world’s population and gross domestic product.