International Business News - Malaysia http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of Southeast Asia's top budget airline AirAsia and Malaysian Airlines fell Monday after both carriers reported weaker earnings in the third quarter. http://www.ibtimes.com/articles/20081201/airasia-share-price-dip-after-posting-first-losses.htm Mon, 01 Dec 2008 02:33:03 EST National carmaker Proton reported upbeat news about the most recent quarter Thursday: a jump in quarterly net profit, stronger sales and a bigger share of Malaysia's domestic auto market. http://www.ibtimes.com/articles/20081127/malaysias-proton-posts-strong-quarterly-profit.htm Thu, 27 Nov 2008 06:24:07 EST Malaysia's leader assured Muslims on Wednesday they can perform yoga if they do not chant religious mantras--an apparent effort to assuage public anger over an Islamic body's ban of the ancient Indian exercise. http://www.ibtimes.com/articles/20081126/malaysia-leader-yoga-for-muslims-ok-without-chant.htm Wed, 26 Nov 2008 06:10:21 EST Malaysia on Wednesday urged the U.S., Europe and other rich nations not to retreat into trade protectionism to shelter their domestic industries at a time of a global economic slowdown. http://www.ibtimes.com/articles/20081126/malaysia-urges-rich-nations-to-keep-trade-open.htm Wed, 26 Nov 2008 03:13:58 EST Malaysia's AirAsia X has started to sell tickets to London for as little as $150 one way, becoming the first budget airline to connect Asia and Europe. http://www.ibtimes.com/articles/20081126/malaysias-airasia-x-sells-150-tickets-to-london.htm Wed, 26 Nov 2008 01:10:31 EST Malaysia's second-largest financial group, CIMB, announced plans Tuesday to cut its lending rates after the central bank reduced a key policy rate the previous evening to spur economic growth. http://www.ibtimes.com/articles/20081125/malaysias-cimb-banking-group-cuts-lending-rates.htm Tue, 25 Nov 2008 08:31:08 EST The head of the Evangelical Lutheran Church in Malaysia is among three people killed in a boat accident on a Guatemalan lake. Bishop Julius Paul had attended a church conference in Guatemala and was visiting Lake Atitlan as a tourist. He drowned along with a Frenchman and a Guatemalan when the boat they were traveling in sank. Three others are missing after Saturday's accident. http://www.ibtimes.com/articles/20081124/lutheran-bishop-for-malaysia-killed-in-guatemala.htm Mon, 24 Nov 2008 16:03:05 EST Malaysia's central bank Monday reduced its key overnight policy rate--used by banks to set lending rates--by 25 basis points to 3.25 percent in a bid to stimulate spending and boost the economy. http://www.ibtimes.com/articles/20081124/malaysia-central-bank-reduces-interest-rate.htm Mon, 24 Nov 2008 07:40:37 EST A Malaysian court on Monday acquitted a prominent labor activist who was arrested 12 years ago for claiming that police tortured illegal immigrants in detention. http://www.ibtimes.com/articles/20081124/malaysia-labor-activist-acquitted-after-long-fight.htm Mon, 24 Nov 2008 09:10:51 EST Malaysian authorities will investigate allegations that the country's first astronaut collected hundreds of thousands of dollars in lecture fees in violation of an agreement with the government, a report said Sunday. http://www.ibtimes.com/articles/20081123/malaysia-to-probe-astronaut-over-lecture-fees.htm Sun, 23 Nov 2008 05:20:37 EST KUALA LUMPUR, Malaysia--Malaysia's top Islamic body fresh from banning tomboys issued an edict Saturday that prohibits Muslims from practicing yoga, saying that elements of Hinduism in the ancient Indian exercise could corrupt them. http://www.ibtimes.com/articles/20081122/malaysia-islamic-body-bans-yoga-for-muslims.htm Sat, 22 Nov 2008 12:43:18 EST Malaysia's top Islamic body has ruled against Muslims practicing yoga. In its non-binding edict, Malaysia's National Fatwa Council says yoga has elements of Hindu religion that could corrupt Muslims. http://www.ibtimes.com/articles/20081121/malaysia-islamic-body-bans-yoga-for-muslims.htm Fri, 21 Nov 2008 22:35:51 EST A Malaysian technology conglomerate pledged Friday to repay $900,000 to Hollywood star Bruce Willis, but denied any wrongdoing after he took legal action to demand a refund of his investment. http://www.ibtimes.com/articles/20081121/bruce-willis-wants-cash-back-from-malaysia-company.htm Fri, 21 Nov 2008 11:31:33 EST Malaysia lowered gasoline and rice prices Tuesday as part of government moves to boost consumer confidence and spending as a global economic downturn unfolds. http://www.ibtimes.com/articles/20081117/malaysia-cuts-gasoline-rice-prices-amid-downturn.htm Mon, 17 Nov 2008 22:55:26 EST Malaysia will remove import duties on raw materials and intermediate goods for manufacturing and ease licensing requirements to help businesses cope with the global economic slowdown, the trade minister said Friday. http://www.ibtimes.com/articles/20081114/malaysia-exempts-manufacturers-from-import-duties.htm Fri, 14 Nov 2008 05:25:36 EST Malaysian property developers on Thursday called for scrapping the special housing privileges given to the ethnic Malay majority, saying an open market is crucial to stimulating growth especially now the economy is slowing. http://www.ibtimes.com/articles/20081113/malaysia-urged-to-scrap-housing-quota-for-malays.htm Thu, 13 Nov 2008 07:50:32 EST Malaysia's 10-year-old international airport has come under criticism from lawmakers for relying on a government handout of 1 billion ringgit ($286 million) each year to fund its operations. http://www.ibtimes.com/articles/20081111/report-malaysian-airport-slammed-for-govt-subsidy.htm Tue, 11 Nov 2008 01:35:59 EST Malaysia's AirAsia on Tuesday abolished fuel surcharges on all its flights and said it will give away half a million free tickets next year in an attempt to lure travelers amid the global slowdown. http://www.ibtimes.com/articles/20081111/airasia-removes-fuel-surcharge-offers-free-seats.htm Tue, 11 Nov 2008 00:14:19 EST Malaysia's Scomi Engineering said Monday its consortium with an Indian company has won a 1.85 billion ringgit ($523 million) state contract to build the first monorail in India. http://www.ibtimes.com/articles/20081110/malaysias-scomi-wins-india-monorail-contract.htm Mon, 10 Nov 2008 07:58:37 EST Malaysian authorities freed the editor of an anti-government news Web site Friday after a court decided that his arrest under a law allowing indefinite detention was illegal. http://www.ibtimes.com/articles/20081107/malaysian-court-orders-prominent-blogger-released.htm Fri, 07 Nov 2008 09:22:38 EST