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Malaysia

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  • 2 boys sue govt, Malaysia Airlines over Flight 370 Friday, 31 Oct 2014 | 12:05 AM ET

    KUALA LUMPUR, Malaysia— Two Malaysian children sued Malaysia Airlines and the government on Friday over the loss of their father on Flight 370, the first lawsuit filed in the country by relatives of those aboard the jetliner that mysteriously disappeared eight months ago. Jee Kinson, 13, and Jee Kinland, 11, accused the civil aviation department of negligence...

  • Saudi budget carrier flynas suspends long-haul services Tuesday, 28 Oct 2014 | 12:44 PM ET

    RIYADH, Oct 28- Saudi Arabia's first and only budget airline, flynas, has suspended long-haul flights because profits on the routes did not meet expectations, chief executive Raja Azmi said on Tuesday. In April this year, flynas said its growth strategy would focus on developing long-haul flights to five or six new destinations including London, Manchester,...

  • Australia says missing plane hunt will take months Friday, 24 Oct 2014 | 6:57 AM ET

    KUALA LUMPUR, Malaysia— The hunt for missing Malaysia Airlines Flight 370 in a remote patch of the Indian Ocean is progressing well but will likely take many months because of the huge area involved, an Australian official said Friday. Peter Foley, an Australian search coordinator, said there is optimism with two ships using high-tech sonar devices to search for...

  • *Thailand is world's biggest exporter, producer of rubber. BANGKOK, Oct 17- Thailand's government has announced a series of measures to support rubber farmers reeling from a slump in global prices to five-year lows, helping push up futures in Tokyo and Shanghai by almost 5 percent at one stage on Friday. The steps announced late on Thursday include nearly $1...

  • *Malaysia to build rubberised roads from June 2015. *Vietnam says supports price floor of $1.50/ kg. While third-biggest rubber grower Vietnam became the latest, after other major players Thailand and Malaysia, to support the minimum-price plan, skepticism remains on how effective it will be as similar acts of co-ordination have failed before.

  • KUALA LUMPUR, Oct 10- Malaysia's government looked to shore up its support base on Friday by announcing a budget that took the sting out of cuts to fuel subsidies and a new consumer tax by announcing lower income taxes and more money for assistance programs. While Malaysia's economy is on a strong growth trajectory- GDP is forecast to grow 5.0 to 6.0 percent in 2015...

  • *Deal will involve share swap between CIMB and RHB- sources. SINGAPORE/ KUALA LUMPUR, Oct 9- Malaysia's CIMB Group Holdings Bhd and two smaller domestic lenders have agreed to create the country's biggest banking group, with deal terms set to be worked out over the next year, sources with direct knowledge of the matter said. Proposals submitted to the central bank...

  • HANOI, Oct 9- Pirates that captured a Vietnamese oil tanker last week after it left Singapore have released the vessel, the company that owns the ship said on Thursday. "Officers from Vietnam's coast guard approached the ship and are escorting it to Phu Quoc island as two crew members have been injured," said Diep. The Sunrise 689 had vanished from radar 40 minutes...

  • The Sunrise 689, which had a crew of 18 people and was carrying over 5,000 tonnes of gas oil, vanished from radar 40 minutes after leaving Singapore on Oct. 2 when it was bound for Quang Tri province in central Vietnam. The ship is owned by Vietnam's Haiphong Sea Product Shipbuilding Co, which said its last known location was 115 nautical miles northeast of...

  • KUALA LUMPUR/ JAKARTA, Oct 3- September marked a turning point for Southeast Asia's foreign exchange and stock markets, ending a six-month run of capital inflows as the dollar's broad rally drew investors' attention to the currency risk and exalted valuations in these markets. Even though the cumulative net foreign investment was positive in the four...

  • Vietnam to US: Sell us some weapons, please Thursday, 2 Oct 2014 | 2:50 PM ET
    P-3 Orion aircraft

    The U.S. lifted an arms embargo against its old enemy. But that doesn't mean U.S.-made weapons will sell there.

  • Malaysian pewter giant sets sights on China     Thursday, 25 Sep 2014 | 8:53 PM ET

    CNBC's Christine Tan speaks to the fourth-generation leaders behind the world's largest pewter maker Royal Selangor about their expansion plans in the mainland.

  • KUALA LUMPUR/ VANCOUVER, Sept 25- Malaysian state-owned oil and gas company Petronas said on Thursday it might pull out of a roughly $10 billion liquefied natural gas project in Canada due to what it said was the country's slow progress developing a taxation plan.

  • The world agrees: Governments are corrupt Monday, 22 Sep 2014 | 12:00 AM ET

    In a world riven by differences, there's still plenty of common ground when it comes to public attitudes about major institutions.

  • How the Corporate Perception Indicator was created Monday, 22 Sep 2014 | 12:00 AM ET

    The Corporate Perception Indicator is a survey of the population and biz execs from 25 markets, conducted for CNBC and Burson-Marsteller.

  • The link between illegal fishing and piracy Friday, 19 Sep 2014 | 7:00 AM ET
    A trawler moored in Dakar on Jan. 5, 2014.

    Fishery poaching is wiping out shoreline stocks and pushing poor fishermen from some countries toward piracy.

  • *Sellers say holding talks with China on Kurdish oil sales. *A China deal could hurt Baghdad's efforts to halt trades.

  • LONDON, Sept 17- Indonesia's tin exports slumped to a one-year low of 3,595 tonnes in August. And they are set to fall further in September. This sort of price support action from Indonesia is becoming part and parcel of the global tin market.

  • Dangerous waters: Meet the new face of piracy Monday, 15 Sep 2014 | 6:15 AM ET
    Indonesian pirates push a boat out of a mangrove swamp where they hide before planning pirate attacks and ambushes on the Strait of Malacca.

    Piracy is exploding in the world’s most heavily trafficked commercial waterway, and organized crime is the force behind it.

  • *SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.