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☆ Singapore's DBS eyes Malaysian bank stakes in expansion push, Reuters reports
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +3 min

Deliberations are in very early stages, however, the sources said, and any formal negotiations for an acquisition of a stake in a Malaysian bank would need approval from the Malaysian central bank, or Bank Negara Malaysia. "We do not comment on market rumors and speculation," said a spokesperson for DBS, Southeast Asia's biggest lender by assets. Alliance Bank, the second smallest listed bank in Malaysia by total assets, and Bank Negara Malaysia did not respond to requests for comment after business hours on Friday. DBS is the only Singaporean bank without a retail banking presence in Malaysia. Local rivals Oversea-Chinese Banking Corporation and United Overseas Bank both have retail banking operations in Malaysia.

Persons: Piyush, Gupta, Tan Su Shan, Anwar Ibrahim Organizations: DBS Group Holdings, DBS, Alliance Bank Malaysia Bhd, Kuwait Finance House's, Bank Negara Malaysia, Temasek, Alliance Bank, Kuwait Finance House, Local, Oversea, Chinese Banking Corporation, United Overseas Bank, Gupta, Malaysian Locations: Malaysia, Singapore, Temasek, Kuwait, Malaysian, Bank, China, India, Indonesia, Taiwan

☆ Watch CNBC's full interview with Malaysian Prime Minister Anwar Ibrahim
▼ + stars: | 2024-10-03 | by ( Jp Ong | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Malaysian Prime Minister Anwar IbrahimCNBC's JP Ong spoke to Malaysian Prime Minister Anwar Ibrahim in a wide-ranging interview for CNBC Conversation. Anwar discussed his efforts to combat corruption, rebuild trust in Malaysia after the 1MDB money laundering scandal, the country's fiscal deficit and currency valuation as well as foreign policy, including ties with Singapore and his outspoken views on Palestine.

Persons: Anwar Ibrahim CNBC's JP Ong, Anwar Ibrahim, Anwar Organizations: Malaysian, CNBC, Singapore Locations: Malaysia, Palestine

Eradicating corruption in Malaysia continues to be a difficult hurdle Prime Minister Anwar Ibrahim needs to overcome if he wants to attract more foreign direct investments into the country. To my mind ... the major problem is poor governance and endemic corruption," he told CNBC's JP Ong. Anwar explained that both domestic and foreign investors will garner more confidence when they see consistency in transparent processes and a stronger commitment to put an end to corruption. "Although, we are still carrying on this mission, because I had strongly suggested that when, in terms of corruption, it is almost systemic. When it comes to systemic, which means the mission, the crusade against corruption, has got to be full force," he added.

Persons: Anwar Ibrahim, Anwar, CNBC's JP Ong Locations: Malaysia

☆ Johor-Singapore Special Economic Zone: 'Things are moving,' says Malaysia's Anwar
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJohor-Singapore Special Economic Zone: 'Things are moving,' says Malaysia's AnwarMalaysian Prime Minister Anwar Ibrahim discusses Malaysia's relationship with Singapore and says there is a high level of trust between the two countries.

Persons: Malaysia's Anwar, Anwar Ibrahim Organizations: Email, Malaysia's Anwar Malaysian Locations: Email Johor, Singapore

☆ More countries are openly flaunting their ties with Putin. They say it's just business.
▼ + stars: | 2024-09-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussian President Vladimir Putin is having a very social year as his country continues to wage war in Ukraine. So far, Putin has met top leaders from Asian countries including China, India, Vietnam, and Indonesia. Russia is the BRICS chair this year, and Putin has invited Mongolia to join the group's summit in October. Russia's push for a multipolar world order resonates with countries who desire a more equitable international order.

Persons: —, Vladimir Putin, Putin, Sean McFate, McFate, Anwar Ibrahim, Ukhnaagiin Khürelsükh, couldn't, Russia —, Serik, Li Qiang's, Syracuse University's McFate, it's, Derek Grossman, Grossman Organizations: Service, Syracuse University Maxwell School of Citizenship, Public Affairs, Business, Malaysian, Criminal, ICC, World Bank, European Union, NATO, Bloomberg, Moscow, Central, European, EU, United Nations, RAND, Foreign Locations: Ukraine, China, India, Vietnam, Indonesia, Russia, North Korea, Iran, Mongolia, Mongolian, Russia's, European, Sri Lanka, Turkey, Kazakhstan, Central Asian, European Union, Moscow, Beijing, Europe, Syracuse, Brazil, South Africa, Malaysia, Switzerland, United States

☆ Putin arrives in Vietnam as Russia seeks support in face of Western isolation
▼ + stars: | 2024-06-19 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

Considered a pariah by the West, Putin is looking to boost economic ties with friendly countries and show that Western isolation is not having an impact. Vietnam was among several Southeast Asian countries that abstained from joining a global summit on Ukraine in Switzerland last week. Last week, Vietnam sent a delegation led by its Deputy Minister of Foreign Affairs to attend the BRICS Foreign Ministers’ Summit in Russia. Analysts say Russia is likely to get more out of the visit than Vietnam, and Hanoi may even suffer reputational damage by hosting Putin following his trip to North Korea. “If no substantive deals are made, the visit will mainly be symbolic and a means for Putin and Russia to show the world that Western sanctions against Russia are not working,” said Le.

Persons: Vladimir Putin, Kim Jong, Putin, Nguyen Phu Trong, Lam, Minh, Yury Ushakov, Xi Jinping, Joe Biden, ”, Le Hong Hiep, – Yusof, Le, ” Putin, Xi, –, John Kirby, Anwar Ibrahim Organizations: CNN, West, US, Reuters, Communist Party General, Vietnam’s, Vietnam News Agency, ” TASS, TASS, ”, Vietnam Studies, International Criminal Court, ICC, United Arab, Foreign Ministry, Foreign Affairs, ’ Summit, Analysts, Putin Locations: Hanoi, North Korea, Ukraine, Vietnam, Moscow, United States, China, Russia, Pyongyang, Russian, Soviet, India, US, South China, Switzerland, Beijing, Kazan, Iran, Saudi Arabia, United Arab Emirates, Ethiopia, Egypt, Malaysia, BRICS, “

☆ Malaysia preparing to join BRICS economic group, media report says
▼ + stars: | 2024-06-18 | by ( ) www.cnbc.com time to read: +1 min

A general view of flags of (From L to R) South Africa, Brazil, Russia, India and China during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 24, 2023. Malaysia is preparing to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim said in an interview with Chinese media outlet Guancha. The BRICS group of nations originally included Brazil, Russia, India, China, and South Africa, which gave it the acronym. The group last year began to expand its membership as it looks to challenge a world order dominated by Western economies, with Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates joining and more than 40 countries expressing interest. "We have made a decision, we will be placing the formal procedures soon... we are just waiting for the final results from the government in South Africa," Anwar said, according to a video of the interview posted by Guancha on Sunday.

Persons: Anwar Ibrahim, Anwar, Guancha Organizations: United Arab Emirates Locations: South Africa, Brazil, Russia, India, China, Sandton, Johannesburg, Malaysia, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina

☆ Faisal Halim: Acid attack leaves Malaysia soccer star in ‘critical but stable condition,’ officials say
▼ + stars: | 2024-05-07 | by ( Heather Chen | Andrew Mcnicol | ) edition.cnn.com time to read: +3 min

CNN —A star player for Malaysia’s soccer team is in “critical but stable condition” after an acid attack that left him with fourth-degree burns, officials said late Tuesday. Malaysian soccer officials said Faisal Halim’s movement and speech had been affected and he would require more surgery. Halim, who plays as an attacker for Selangor Football Club as well as Malaysia’s national team, was taken to a nearby private hospital in the capital, while still conscious. He had suffered severe burns to his face, neck, shoulders, hands and chest, officials add. Specialist doctors on Tuesday concluded that Halim had suffered fourth-degree burns, not second-degree burns as previously thought, said officials from the Football Association of Selangor.

Persons: Faisal Halim’s, Halim, “ Faisal, Mokhtar, “, ” Mokhtar, –, Akhyar Rashid, Anwar Ibrahim, Anwar, ” Halim Organizations: CNN, Malaysian, Selangor Football Club, Football Association of Selangor, Motive, Football Association of Malaysia, Malaysia’s, AFC Asian, Qatar —, South, Kyrgyzstan, Selangor, Malaysia, Liga Locations: Kuala Lumpur, Malaysian, Malaysia, Halim, Qatar, South Korea

☆ Malaysia might add a casino to boost troubled $100 billion mega-development Forest City
▼ + stars: | 2024-04-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Malaysia may add a casino to Forest City, a mega-development that has turned into a ghost town. AdvertisementMalaysia's Forest City mega-development started with big ambitions and big money. Now, Malaysia is in talks with several high-profile investors to add a casino to Forest City, people familiar with the matter told Bloomberg on Wednesday. AdvertisementThe southeast nation's Prime Minister Anwar Ibrahim met with the heads of a Malaysian property development firm and a resort company at Forest City last week. Expensive, empty apartmentsA casino — which would only be the second in Malaysia — could help struggling Forest City.

Persons: —, Anwar Ibrahim, Ibrahim Iskandar, King Ibrahim, Anwar, They're, Al Marjan Organizations: Service, City, Bloomberg, nation's, Forest City, Garden, Genting Group, Berjaya Corp, Business, United, United Arab Emirates, Las Vegas, downstate Locations: Malaysia, Forest City, Singapore, Malaysia's, Malaysian, Forest, Genting, Marielle, Johor, United Arab, Al, York City, York

☆ Malaysia Arrests Armed Man Suspected of Being an Israeli Spy
▼ + stars: | 2024-03-29 | by ( March | At P.M. | ) www.usnews.com time to read: +2 min

KUALA LUMPUR (Reuters) - Malaysia has arrested an armed man at a hotel in Kuala Lumpur, its top police official said, describing the 36-year-old as a suspected Israeli spy. The suspect turned over an Israeli passport upon questioning by police, Razarudin said. Razarudin said police was investigating the possibility that the man could be a member of Israeli intelligence, though the suspect told authorities he had entered Malaysia to hunt down another Israeli citizen due to a family dispute. Police were also investigating how the suspect obtained the weapons, which were purchased in Malaysia and paid for with cryptocurrency, Razarudin said. Malaysia, a majority-Muslim country, is a staunch supporter of the Palestinians and has criticised Israel's actions in the Gaza war.

Persons: Police Razarudin Husain, Razarudin, Anwar Ibrahim, Rozanna Latiff, Himani Sarkar Organizations: Reuters, United Arab Emirates, Police, Malaysia . Police, Authorities, Israel Locations: KUALA LUMPUR, Malaysia, Kuala Lumpur, Israel, Gaza, Palestinian, Malaysian

☆ Analysis-For Malaysian Filmmakers, Censorship Stifles Optimism After Overseas Glory
▼ + stars: | 2024-02-08 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

"This is a very good time ... where people around the world are really looking into Malaysian filmmakers. "Mentega Terbang" follows a teenage Muslim girl exploring different religions while dealing with grief. Online platforms are not covered by film censorship rules in Malaysia. Khairi and others involved in "Mentega Terbang" even received death threats at the time, media reports show. CENSORSHIPUnder Malaysian law, films intended for public viewing must be approved by the Film Censorship Board.

Persons: Oscar, Michelle Yeoh, Khairi Anwar, Malaysia's, Khairi, Badrul Hisham Ismail, Pagi Ke, Anwar Ibrahim's, Anwar, Zabidi Mohamed, Amir Muhammad, Brenda Danker, Danial Azhar, Rozanna Latiff, Himani Sarkar Organizations: Azhar KUALA LUMPUR, Reuters, Cannes, Cannes Film, Malay, Academy, Malaysian, Film, YouTube Locations: Azhar KUALA, Malaysia, Malaysian, Viu, Terengganu, Malay

☆ Malaysia's new king has a $5.7B family fortune. Here's how he spends his money.
▼ + stars: | 2024-02-02 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Sultan Ibrahim Iskandar, 65, was declared king on Wednesday as part of the country's rotating monarchy. King Sultan Ibrahim Iskandar of Johor is photographed with his sister, Queen Tunku Azizah Aminah Maimunah Iskandariah, after his accession was announced in October 2023. MOHD RASFAN/AP ImagesSultan Ibrahim is head of the Johor royal family and is considered one of the country's wealthiest men. In May 2023, a video posted to the Johor royal family's TikTok account showed them dining at Istanbul Turkish Cuisine, a reservations-only restaurant in Horizon Hills, Johor. King of Malaysia Sultan Ibrahim Iskandar (right) speaks with Malaysia's Prime Minister Anwar Ibrahim (left) after the oath-taking ceremony.

Persons: Sultan Ibrahim Iskandar, King Sultan Ibrahim Iskandar, Tunku Azizah Aminah, Iskandariah, MOHD RASFAN, Sultan Ibrahim, Sultan Ibrahim isn't, Ferrari Testarossa, HASNOOR HUSSAIN, Adolf Hitler, Hitler, Harley, Davidson, Tunku Ismail, Crown, Prince, of, of Malaysia Sultan Ibrahim Iskandar, Anwar Ibrahim, Abdullah Ahmad Shah, Mahathir Mohamad Organizations: Bloomberg, Facebook, Getty, Mercedes, YouTube, Boeing, Guardian, U Mobile, Maharani Energy, Johor Darul, The Straits Times, Malaysian, Malaysia's Locations: Malaysia, Malaysia's, Johor, Malaysian, Kuala Lumpur, India, Istanbul Turkish, Horizon Hills, Johor Darul Ta'zim, Singapore, Forest, Manhattan, of Malaysia Sultan

☆ Malaysia halves jail sentence of ex-prime minister Najib
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: +3 min

Najib Razak, Malaysia's former prime minister, gestures as he leaves the Kuala Lumpur Courts Complex in Malaysia, on Thursday, Sept. 20, 2018. The board, chaired by Malaysia's king, did not give a reason for halving Najib's sentence. It said if Najib failed to pay the fine given, an additional year would be imposed on his jail term. Malaysia's king plays a largely ceremonial role but can pardon convicted people among discretionary powers granted by the federal constitution. The pardons board, which advises the king, includes the attorney-general and government officials.

Persons: Najib Razak, Anwar Ibrahim's, Anwar, Najib, Malaysia's, Jho Low, Al, Sultan Abdullah Ahmad Shah, Sultan Abdullah, Sultan Ibrahim Sultan Iskandar Organizations: United National Malays Organisation, 1Malaysia Development, Saudi Locations: Kuala Lumpur, Malaysia, Johor .

☆ Malaysia's new king is a billionaire with a collection of 300 luxury cars, his own private army, and family ties to Hitler
▼ + stars: | 2024-01-31 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Malaysia has a new billionaire king who has his own army, a fleet of private jets, and 300 luxury cars, including one apparently gifted by Adolf Hitler. King of Malaysia Sultan Ibrahim Iskandar (right) speaks with Malaysia's Prime Minister Anwar Ibrahim (left) after the oath-taking ceremony. AdvertisementAccording to Bloomberg, the Johor family is worth an estimated $5.7 billion. In a resurfaced 2013 interview posted to YouTube in 2017, Sultan Ibrahim said Hitler was a friend of his great-grandfather. AdvertisementSultan Ibrahim's wife, Raja Zarith Sofiah, is from another royal family, an Oxford graduate, and a children's books author, according to the Associated Press.

Persons: Adolf Hitler, Sultan Ibrahim Iskandar, Malaysia Sultan Ibrahim Iskandar, Anwar Ibrahim, MOHD RASFAN, Sultan Ibrahim —, Yang di, Pertuan, Sultan Ibrahim, Hitler, Harley, Sultan Ibrahim's, HASNOOR HUSSAIN, couldn't, Mahathir Mohamad, Mohamad, Raja Zarith Sofiah Organizations: Malaysia's, Singapore Straits Times, Business, Bloomberg, Ferrari, Getty, Reuters, U Mobile, ABC News, YouTube, Davidson, Guardian, Sydney Morning Herald, Associated Press Locations: Malaysia, Malaysia Sultan, Johor, Singapore, Great Britain, England, Kuala Lumpur, Malaysian, Oxford

KUALA LUMPUR, Malaysia (AP) — The director and producer of a banned Malaysian film that explores the afterlife were charged Wednesday with offending the religious feelings of others in a rare criminal prosecution of filmmakers, slammed by critics as an attack on freedom of expression. “As far as we are concerned, these are groundless charges and we will challenge those charges in court,” he said. The two filmmakers filed a suit challenging the government’s decision before they were charged. Human Rights Watch accused Prime Minister Anwar Ibrahim’s government of prosecuting the two filmmakers to win political support from Malays. Khairianwar has said this is likely the first time a filmmaker has been criminally charged in the country.

Persons: Mohamad Khairianwar Jailani, “, Tan Meng Kheng, Surendran, ”, Critics, Anwar Ibrahim’s, Anwar, hypocritically, Phil Robertson, Khairianwar, ” Khairianwar Organizations: Home Ministry, Islam, Human Rights Watch, Free, Free Malaysia Today Locations: KUALA LUMPUR, Malaysia, Malaysian, Islam, Hong Kong, Malay, Asia, “, Free Malaysia

☆ Malaysia invites China's Xi to visit, ramps up tourism target
▼ + stars: | 2023-12-01 | by ( Liz Lee | ) www.reuters.com time to read: +2 min

Journalists watch a giant screen broadcasting footage of Chinese President Xi Jinping speaking at the opening ceremony of the Third Belt and Road Forum (BRF), at the media centre in Beijing, China October 18, 2023. Government data showed Malaysia welcomed 498,540 Chinese tourists in the six months to June this year, a figure almost a third of pre-pandemic levels. Malaysia's economic growth is expected to meet the government's target of 4% this year, driven in part by stronger tourism. Malaysia's Prime Minister Anwar Ibrahim has also invited China's President Xi Jinping to visit the country, Norman said. "We are hoping that President Xi will consent to visiting Malaysia," he added.

Persons: Xi Jinping, Tingshu Wang, China's, Xi Jingping, Norman Muhamad, Anwar Ibrahim, Norman, Xi, Wang Yi, Zambry Abdul Kadir, Liz Lee, Bernard Orr, Ethan Wang, Jacqueline Wong Organizations: REUTERS, Rights, Malaysian, Malaysia's, Thomson Locations: Beijing, China, Rights BEIJING, Malaysia, Thailand, Government, New York

☆ Malaysia to allow visa-free entry to Chinese, Indian nationals from Dec. 1
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Lai Seng Sin/File photo Acquire Licensing RightsKUALA LUMPUR, Nov 27 (Reuters) - Malaysia will grant visa-free entry to citizens of China and India for stays of up to 30 days starting on Dec. 1, according to Prime Minister Anwar Ibrahim. According to government data, Malaysia recorded 9.16 million tourist arrivals between January and June this year, with 498,540 from China and 283,885 from India. That compared to 1.5 million arrivals from China and 354,486 from India in the same period of 2019, prior to the pandemic. The move follows similar measures implemented by neighbouring Thailand to boost its vital tourism sector and stimulate its sluggish economy, with Chinese and Indian nationals among those exempted this year. Currently, Chinese and Indian nationals must apply for visas to enter Malaysia.

Persons: Lai Seng, Anwar Ibrahim, Anwar, Danial Azhar, Martin Petty Organizations: Kuala, Kuala Lumpur International, REUTERS, People's Justice Party, Malaysia, Thomson Locations: Kuala Lumpur, Malaysia, Singapore, Sepang, KUALA LUMPUR, China, India, Thailand

KUALA LUMPUR, Malaysia (AP) — Organizers of Wednesday's Coldplay concert in Malaysia can stop the show if the British rock band misbehaves, a minister said as the government rejected Muslim conservatives' calls to cancel the show. Led by the country's opposition bloc, Muslim conservatives have protested the concert over Coldplay’s support for the LGBTQ+ community. Communication and Digital Minister Fahmi Fadzil said he doesn't foresee any problem with Coldplay's first concert in Malaysia later in the night. Prime Minister Anwar Ibrahim has justified allowing the Coldplay concert, telling Parliament on Tuesday that “Coldplay is actually among the bands that support Palestine." Anwar said pro-Palestinian groups also approached his office in support of the Coldplay concert.

Persons: Wednesday's, Fahmi Fadzil, Coldplay's, ” Fahmi, Anwar Ibrahim, Coldplay, Anwar, Ahmad Fadhli Shaari, ”, ” Coldplay, Chris Martin Organizations: —, Wednesday's Coldplay, Digital, Malaysia, British, Coldplay, Islamic, PAS, Live, Police, Coldplay's, Protesters Locations: KUALA LUMPUR, Malaysia, British, Israel, Kuala Lumpur, “, Palestine, Indonesia

☆ Enovix Corp establishes $1.2 bln high-volume manufacturing facility in Malaysia
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 16 (Reuters) - Enovix Corporation, a U.S.-based advanced silicon battery firm, will establish a 5.8 billion ringgit ($1.23 billion) high-volume manufacturing facility in Malaysia, the Malaysian Investment Development Authority (MIDA) said in a statement on Thursday. The investment, which will be spent over a period of 15 years, includes the first manufacturing line amounting to 315 million ringgit, MIDA said. The company's investment plan was disclosed to Prime Minister Anwar Ibrahim during a meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the United States, MIDA said. "Enovix's (investment)... promises significant local spillover impact, notably the creation of substantial high-quality job opportunities for Malaysians, and the enhancement of our nation's industrial landscape," Malaysia's Investment, Trade and Industry Ministry Tengku Zafrul Abdul Aziz said in the statement. ($1 = 4.7050 ringgit)Reporting by Rozanna LatiffOur Standards: The Thomson Reuters Trust Principles.

Persons: MIDA, Anwar Ibrahim, Industry Ministry Tengku Zafrul Abdul Aziz, Rozanna Organizations: Enovix Corporation, Malaysian Investment Development Authority, Economic Cooperation, Trade, Industry Ministry, Thomson Locations: KUALA LUMPUR, U.S, Malaysia, Asia, United States

☆ Malaysia, Google announce strategic collaboration on skills opportunities - state news agency
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsKUALA LUMPUR, Nov 16 (Reuters) - The Malaysian government and Google (GOOGL.O) announced a strategic collaboration to create inclusive growth opportunities for Malaysians and home-grown companies, state news agency Bernama reported on Thursday. The collaboration, aimed at accelerating innovation domestically, is expected to help businesses of all sizes advance their digital competitiveness through skilling programmes, investment, responsible innovation on artificial intelligence (AI), and cloud-first policies, Bernama said, citing Google and Malaysian Prime Minister Anwar Ibrahim. Reporting by Rozanna LatiffOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Bernama, Anwar Ibrahim, Rozanna Organizations: REUTERS, Malaysian, Google, Thomson Locations: Zurich, Switzerland, KUALA LUMPUR

☆ Malaysian lawmaker found guilty of corruption by high court - Bernama
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 9 (Reuters) - A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency Bernama reported on Thursday. He was found guilty on four charges of criminal breach of trust, misappropriation of property and money laundering. The former youth and sports minister, had been charged over abetting a former official of the Bersatu party in misappropriating 1 million ringgit ($213,675.21) in funds for the party's youth wing. Syed Saddiq was formerly the head of Bersatu's youth wing but left the party to form his own party, MUDA, in 2020. ($1 = 4.6800 ringgit)Reporting by Danial Azhar; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Bernama, Syed Saddiq Syed Abdul Rahman, Anwar Ibrahim's, Bersatu, Syed Saddiq, Danial Azhar, Kanupriya Kapoor Organizations: Malaysian, Court, Malaysian United Democratic Alliance, Thomson Locations: KUALA LUMPUR, Kuala Lumpur, misappropriating, MUDA

☆ Malaysian Lawmaker Found Guilty of Corruption by High Court - Bernama
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

KUALA LUMPUR (Reuters) - A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency Bernama reported on Thursday. He was found guilty on four charges of criminal breach of trust, misappropriation of property and money laundering. The former youth and sports minister, had been charged over abetting a former official of the Bersatu party in misappropriating 1 million ringgit ($213,675.21) in funds for the party's youth wing. The offence was alleged to have taken place in March 2020 when Bersatu was in power. Syed Saddiq was formerly the head of Bersatu's youth wing but left the party to form his own party, MUDA, in 2020.

Persons: Bernama, Syed Saddiq Syed Abdul Rahman, Anwar Ibrahim's, Bersatu, Syed Saddiq, Danial Azhar, Kanupriya Kapoor Organizations: Reuters, Malaysian, Court, Malaysian United Democratic Alliance Locations: KUALA LUMPUR, Kuala Lumpur, misappropriating, MUDA

☆ Malaysia says won't recognise unilateral sanctions on supporters of Palestinian groups
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Malaysia Prime Minister Anwar Ibrahim speaks at a press conference during Japanese Prime Minister Fumio Kishida's official visit, at Putrajaya, Malaysia, 05 November 2023. FAZRY ISMAIL/Pool via REUTERS Acquire Licensing RightsKUALA LUMPUR, Nov 7 (Reuters) - Malaysia said on Tuesday it will not recognise unilateral sanctions in response to a proposed U.S. law to level sanctions against foreign supporters of Hamas and other militant groups operating in Palestine. The Hamas International Financing Prevention Act, aimed at cutting off international financing to the groups, was passed by the U.S. House of Representatives last week and is awaiting voting by the Senate. "Any sanctions against Malaysia can also affect the assessment of the U.S. government and U.S. companies towards Malaysia, as well as affect U.S companies' investment opportunities in Malaysia," Anwar said in a written reply to parliament on Tuesday. Anwar previously rejected Western pressure to condemn Hamas and said the U.S. had raised concerns with Malaysia regarding its stance on Palestine.

Persons: Anwar Ibrahim, Fumio, FAZRY ISMAIL, Anwar, Rozanna Latiff, Kanupriya Kapoor, Raju Gopalakrishnan Organizations: Malaysia, Japanese, REUTERS Acquire, U.S . House, Senate, Malaysian, Israel, Thomson Locations: Putrajaya, Malaysia, KUALA LUMPUR, U.S, Palestine, Israel

☆ Malaysia sultans to meet at 0200 GMT to pick next monarch - state media
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

Malaysia has a unique system in which the heads of its nine royal families take turns to be monarch for a five-year term. The Southeast Asian country is a parliamentary democracy, with the monarch serving as head of state. Unlike other traditional Malaysian rulers, Sultan Ibrahim has been outspoken about politics and has said he has a good relationship with current prime minister Anwar Ibrahim. King Al-Sultan played an unusually active role in Malaysian politics, picking the country's last three prime ministers. King Al-Sultan used those powers during a period of political instability triggered by the defeat of the United Malays National Organisation (UMNO), which had governed Malaysia uninterrupted since independence until 2018.

Persons: Bernama, Sultan Ibrahim Sultan Iskandar, Sultan Abdullah, Jan, Sultan Ibrahim, Anwar Ibrahim, King Al, Sultan, Kanupriya Kapoor Organizations: United Malays National Organisation, Thomson Locations: KUALA LUMPUR, Malaysia, Johor, Al

☆ Kids are attending pro-Palestinian protests on Roblox
▼ + stars: | 2023-10-26 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Kids are attending pro-Palestinian protests on Roblox in the wake of the Israel-Hamas war, and so far, a pro-Palestinian virtual protest has been visited more than 275,000 times. Malaysia has been the site of pro-Palestinian protests, and the country's prime minister, Anwar Ibrahim, recently criticized Israel's air strikes in the Gaza Strip. About 45% of Roblox users are 12 years old or younger, according to Roblox data from December 2022, and 60% of users were 16 or younger. A Roblox spokesperson confirmed to CNBC that the experience "did appear on our platform," adding that the protest showcased in viral videos was one of multiple pro-Palestinian protests on Roblox that the company is aware of. Clarification: Pro-Palestinian supporters have taken to Roblox to protest the Israel-Hamas war.

Persons: Anwar Ibrahim, Roblox Organizations: Solidarity, Google Translate, CNBC, Palestinian, Israeli Defense Forces, West Bank Locations: Israel, Palestine, Malaysia, Gaza, Malaysian, Palestinian, Roblox

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