The new forecast is nearly double the $110 billion projected in May, according to consulting firm AlixPartners.
More than 190 solar companies wrote a letter to the Department of Commerce amid a call for tariffs to be extended to Malaysia, Vietnam and Thailand.
The U.S., U.K. and Australia last week announced a new security partnership that seeks to strengthen stability in the Indo-Pacific region.
Malaysia's Top Glove, the world's largest medical glove maker, said sales and prices have dropped following the rollout of Covid-19 vaccinations globally.
Tengku Zafrul Aziz said the government wants to add another 45 billion Malaysian ringgit ($10.8 billion) to its Covid-19 fund to help businesses and households.
Tengku Zafrul Aziz, Malaysia's finance minister, says the country's cabinet will propose to parliament to increase Covid-19 fund from 65 billion ringgit ($15 billion) to 110 billion ringgit ($26 billion). He will also propose to increase the statutory debt limit to 65% from the current 60% of GDP.
More than 75% of Malaysia's adult population is expected to be fully vaccinated by then, said International Trade and Industry Minister Mohamed Azmin Ali.
Mohamed Azmin Ali, Malaysia's minister of international trade and industry, says the government has introduced and implemented stimulus packages to retain employees and create new employment opportunities. In the last few months, the unemployment rate in Malaysia was brought down to 4.7%, he adds.
Malaysia, the world's second-largest producer of palm oil, is facing production headwinds that could drag global stocks to their lowest level in five years.
Malaysian opposition leader Anwar Ibrahim says Malaysia has to mature as a country and cannot continue with its old and obsolete race-based policies.
Siew Hai Wong of the Malaysia Semiconductor Industry Association says Malaysia's semiconductor chip shortage is not only due to the country's Covid outbreak, but also compounded by natural disasters in other countries and the disruption at the Suez Canal earlier this year.
Prime Minister Ismail Sabri unveiled his new cabinet on Friday, re-appointing the finance and four other senior ministers from the previous administration.
Amanda Lacaze, CEO of rare earth miner Lynas, discusses the risks posed to its Malaysian operations by Covid-19 and political uncertainty, as well as China's influence on the rare earths market.
Arham Abdul Rahman, CEO of the Malaysian Investment Development Authority, says the government has pro-business policies to attract foreign investments despite the country's Covid outbreak and the recent change in prime minister.
Tricia Yeoh of the Institute for Democracy and Economic Affairs says Malaysia's new prime minister, Ismail Sabri Yaakob, will have to work very hard in maintaining the current efforts that have been put in place to curb the country's surging Covid infections.
Ismail Sabri Yaakob was sworn in as Malaysia's new prime minister over the weekend.
Malaysia's King Sultan Abdullah has named Ismail Sabri Yaakob as the country's new prime minister, the palace said in a Friday statement.
Former Deputy Prime Minister Ismail Sabri Yaakob appeared to have won majority support to be Malaysia's new leader
James Chin of the University of Tasmania says Malaysia's stock market rebounds after Prime Minister Muhyiddin Yassin's resignation. He also discusses who the frontrunners might be for Malaysia's next prime minister.
The resignation comes as Malaysia grapples with its worst Covid-19 outbreak and the economic hit from multiple rounds of lockdowns.