Malaysia economy

Malaysia and Indonesia are both beginning to reduce long-standing subsidies that have kept fuel prices well below market rates.

The government could face a political backlash over its plans to remove blanket fuel subsidies, which it claims are straining the national budget.

The Commonwealth Games Federation is frantically seeking replacements for the Australian state of Victoria, which pulled out of hosting last year due to spiraling costs.

The performance of two major Malaysian funds demonstrates both the strength and weakness of forced savings policies.

The country is on track to becoming the fifth nation, and the third in Southeast Asia, to sign a Comprehensive Economic Partnership Agreement with Abu Dhabi.

The Bruno Manser Fund wants Taib Mahmud's assets and bank accounts frozen.

And why its troubles might be short-lived.

The budget sends a clear message: that Malaysia is looking to pivot away from oil and gas as a major source of state revenue.

The move comes after a turbulent year for Anwar Ibrahim and his unity government.

The group, which is majority owned by a pension fund for the Malaysian Armed Forces, has been sustaining heavy losses for years.

As with similar recent restrictions in Indonesia, the goal is to stimulate the development of a domestic processing industry.