Malaysia exerts efforts to improve financial situation World

Malaysia exerts efforts to improve financial situation

The Malaysian government announced on August 29 that it will set up two committees to help reduce the country's fiscal deficit to 2.8 per cent of the Gross Domestic Product, according to Malaysian Finance Minister Lim Guan Eng.
Malaysia lowers 2018 growth forecast to 5 percent World

Malaysia lowers 2018 growth forecast to 5 percent

The Malaysian Central Bank on August 17 revised down the country’s growth forecast this year to 5 percent, after its gross domestic product (GDP) in the second quarter came in sharply below its expectation.
Malaysian PM vows to cut public debt, downsize government World

Malaysian PM vows to cut public debt, downsize government

Malaysia’s new Prime Minister Mahathir Mohamad has announced that salaries of cabinet ministers will be cut in a bid to control spending as the government is facing a high-level public debt that now exceeds 1 trillion ringgit (around 251.5 billion USD).
Malaysia determine to fight money laundering World

Malaysia determine to fight money laundering

The Malaysian government will work with authorities in Switzerland, the US, Singapore and other jurisdictions to recover funds that were embezzled from the state treasury, said Malaysian Prime Minister Mahathir Mohamad.
New Malaysian PM unveils core ministries of government World

New Malaysian PM unveils core ministries of government

Malaysia’s new Prime Minister Mahathir Mohamad on May 11 announced 10 core ministries of the new government, the first move of Mahathir and his Pakatan Harapan (Alliance of Hope) to set up the cabinet after their victory in the general elections two days ago.
Malaysia affirms continued search for missing MH370 World

Malaysia affirms continued search for missing MH370

The Malaysian Government on March 8 reiterated its commitment to search for the missing MH370 plane of Malaysia Airlines as efforts to clear up one of the largest mysteries in the aviation history enters the fifth year.
Malaysia stops granting work permits to DPRK labourers World

Malaysia stops granting work permits to DPRK labourers

The Malaysian Government has stopped issuing work permits for people from the Democratic People’s Republic of Korea (DPRK) after the murder of a DPRK citizen at a Malaysian airport earlier this year, according to Kyodo news agency.
Malaysian Government ranked 8th most efficient globally World

Malaysian Government ranked 8th most efficient globally

Malaysia’s government has been ranked eighth in terms of most efficient performance in the 2014-2015 Global Competitive Report released by the World Economic Forum (WEF) on its website, according to local New Straits Times.