Anisah Shukry

5 days ago | bloomberg.com | Anisah Shukry

Rafizi Ramli(Bloomberg) -- Malaysia’s Economy Minister Rafizi Ramli will compete against Prime Minister Anwar Ibrahim’s daughter for their party’s deputy presidency, a development that’s set to heighten tensions in the country’s ruling bloc. Nurul Izzah Anwar — who’s currently the vice president of the People’s Justice Party — confirmed her candidacy for the second most senior position in a Facebook post on Friday. Rafizi also confirmed his nomination in a statement late Friday.

6 days ago | bloomberg.com | Anisah Shukry

(Bloomberg) -- Malaysia kept interest rates unchanged on Thursday, but moved to release more funds into the banking system amid looming risks to growth from US President Donald Trump’s tariffs. Bank Negara Malaysia left the overnight policy rate at a post-pandemic high of 3%, as predicted by 20 of 25 economists in a Bloomberg survey.

1 week ago | bloomberg.com | Anisah Shukry

The Bank Negara Malaysia headquarters in Kuala Lumpur, Malaysia. (Bloomberg) -- Malaysia’s central bank is expected to keep interest rates unchanged on Thursday and will likely maintain a wait-and-see approach until at least the second half of the year as the government seeks to avoid higher US tariffs. Bank Negara Malaysia will keep the overnight policy rate at 3% in its first meeting since the global trade war erupted, according to 20 of 25 analysts in a Bloomberg survey.

1 week ago | bloomberg.com | Anisah Shukry

Rafizi Ramli(Bloomberg) -- Malaysia’s Economy Minister Rafizi Ramli said he is prepared to step down from the cabinet to focus on campaigning for the next general election that’s due in early 2028. Rafizi also said he welcomes challengers to the deputy presidency position that he currently holds in the People’s Justice Party’s polls scheduled for May 23.

1 week ago | bloomberg.com | Anisah Shukry

Buildings in Kuala Lumpur. Photographer: Samsul Said/Bloomberg(Bloomberg) -- Tariff shocks pose a major threat to Malaysia’s sovereign credit rating, given the potential disruption to economic growth and fiscal consolidation, according to Moody’s Ratings. The ratings firm sees downside risks to its initial projection of 5% growth for Malaysia this year due to exposure to global trade tensions.