Well, race fans - the "Japan GT race in Malaysia is off":http://www.japantoday.com/e/?content=news&cat=6&id=259042, the prestigious "Eagle Tour Malaysia 2003 is off":http://www.utusan.com.my/utusan/content.asp?y=2003&dt=0507&pub=Utusan_Express&sec=Sports&pg=sp_06.htm.
While the health effect of SARS will probably remain quite limited in our country, you can bet the fear that its generated will mean "a tremendous blow to the tourism industry":http://www.atimes.com/atimes/Southeast_Asia/EE08Ae02.html. It certainly doesn't help that Malaysia is not well known for its "transparency when dealing with health crises":http://www.apmforum.com/hariini/archives/000304.php.
No information + mis-information = loss of confidence = fear = panic
UPDATE: Its been reported that "the worse is now over":http://www.japantoday.com/e/?content=news&cat=7&id=259197.