== Answer to a fairly old question == 

 To answer the question you asked here , you can refer to it as either "Malayala bhasha", with bhasha meaning language (so it should probably be "malayala language" in English if you want to be pedantic) "Malayanma" (archaic term that most people have never heard of) or just Malayalam. Basically, you take off the final m if you are using it as an adjective or part of a compound.