Malaysia is playing host to the MTV Asia Awards ceremony for the first time this year. The eighth edition of the annual show will be held at the 6,000-capacity Arena of Stars in Genting, northeast of Kuala Lumpur, on Aug. 2.

Hosting the event will be 30 Seconds to Mars vocalist/guitarist Jared Leto.

"It's an honor to be part of what I'm sure will be an exciting and unforgettable night in a magical and beautiful country," says Leto in a statement.

The annual MTV Asia Awards is broadcast to over 291 million homes across Asia. Portions of this year's show will be broadcast on MTV channels worldwide, reaching a billion viewers in 162 countries, according to MTV.

"The MTV Asia Awards 2008 will set new benchmarks for the Asian music scene," said Amit Jain, executive VP and managing director of MTV Networks, Southeast Asia, China and India, in a statement.

MTV will present 16 awards, nine for favorite artists from China, Hong Kong, Indonesia, Korea, the Philippines, Malaysia, Singapore, Thailand, and Taiwan, and seven awards in various categories for international artists.