Malaysia arrested thousands of undocumented immigrants as the country began a nationwide operation to track down and deport almost half a million illegal workers from countries including Indonesia and Bangladesh.
Malaysia Prime Minister Najib Razak said stocks and the ringgit would plunge if he loses next month’s election, contrasting his government’s pursuit of stable change with the upheaval that has engulfed the Middle East.
Malaysia’s property companies and banks including UEM Land Holdings Bhd., CIMB Group Holdings Bhd. and IJM Corp. are set to benefit as Prime Minister Najib Razak’s election victory may spur more infrastructure spending.
On a sweltering Sunday in April, more than 300 people pack a room above GC Curry House, a popular eatery on a tree-lined avenue in Kuantan on Malaysia’s east coast. They’re here to discuss the potential hazards of a rare- earth refinery Sydney-based Lynas Corp. is building about 25 kilometers away that will process radioactive ore into the exotic metals that go into tech gadgets, hybrid cars and weapon systems.
Petroliam Nasional Bhd., Malaysia’s state energy company, said its proposed $5.2 billion takeover of Progress Energy Resources Corp. will help Canada develop gas resources and find an alternative market.