Malaysia will no longer host Formula One races after the current deal at the Sepang International Circuit ends in 2018.
The race has been a regular on the F1 calendar since its debut in 1999, but dwindling ticket sales and viewing figures have seen the event's place come under pressure.
And Malaysia's tourism and culture minister Nazri Abdul Aziz confirmed the agreement will come to an end as the race is "no longer" attractive.
"After 2018 no longer," Aziz is quoted as telling reporters in parliament.
"From the longer term perspective, it's probably the correct decision because it's more expensive and no longer that attractive."
Red Bull have triumphed in Sepang on four of the last seven years, with Daniel Ricciardo winning earlier this year before unveiling his 'shoey' celebration.