Following years of financial problems, the nation’s oldest Malay-language newspaper Utusan Malaysia will terminate operations today and has dismissed all its staff.

According to an internal memo sighted by Malaysiakini, its sister publication Kosmo! is also subjected to the same fate.

In the memo, Utusan Melayu (Malaysia) Bhd executive chairperson Abdul Aziz Sheikh Fadzir said the company was no longer solvent despite several attempts to salvage the 80-year-old business.