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Malaysia

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  • KUALA LUMPUR, Malaysia— Civil aviation authorities in Malaysia will release a required report on the disappearance of Malaysia Airlines Flight 370 a day before the one-year anniversary, but it won't have any conclusion on what happened because the search is ongoing. The report to be released March 7 will focus on investigations into the search for the plane,...

  • SYDNEY/ SINGAPORE, Jan 27- Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, but passengers hoping for cheaper tickets will be disappointed as carriers are likely to bump up fares to maintain margins. Australia's Qantas Airways Ltd became the latest airline to eliminate the surcharge on Tuesday, but at the same time said it was...

  • KUALA LUMPUR, Jan 26- A group calling itself "Official Cyber Caliphate" said it hacked on Monday the official website of national carrier Malaysia Airlines, but the airline said its data servers remained intact and passenger bookings were not affected. "Malaysia Airlines assures customers and clients that its website was not hacked and this temporary glitch...

  • HONG KONG— Hackers defaced the website of Malaysia Airlines on Monday and threatened to dump stolen information online after posting a glimpse of customer data obtained in the attack. The airline's site was down for at least seven hours, replaced by a message from the Lizard Squad hacker group, before the company brought it back online by mid-afternoon in...

  • AirAsia scraps fuel surcharges as oil price plummets Monday, 26 Jan 2015 | 12:22 AM ET

    KUALA LUMPUR, Malaysia— Southeast Asia's biggest budget carrier AirAsia on Monday scrapped fuel surcharges on tickets following the decline in global oil prices. AirAsia said the move also applies to flights under its long-haul arm AirAsia X. AirAsia has dominated cheap travel in Southeast Asia for years but faces rising competition from the proliferation...

  • TORONTO/ MONTREAL, Jan 22- The United States will throw its support behind a proposal by the U.N.' s aviation agency to share information about risks to commercial aircraft over conflict zones after the downing of a Malaysian jet in Ukraine last year, according to a senior U.S. official. The Malaysian passenger plane, flying from Amsterdam to Kuala Lumpur, was shot...

  • January@ KUALA LUMPUR, Jan 22- Malaysia's international reserves fell $4.8 billion in the first two weeks of January, its central bank said on Thursday, as the country's current account and ringgit current have come under pressure due to a steep fall in oil and gas export earnings. Reserves dropped frm $116.0 billion at the end of 2014 to $111.2 billion on January...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • DIARY-Emerging Markets Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:02 PM ET

    **SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.

  • *Revised budget assumes world oil price of $55 instead of $100. KUALA LUMPUR, Jan 20- Malaysia ringgit currency fell to a six-year low on Tuesday as the government cut its economic growth forecast, reduced its budget and widened its fiscal deficit target for 2015, to reflect lower oil and gas revenues due to plunging world prices. Announcing revisions to a 2015...

  • Malaysia slashes 2015 budget, cuts growth forecast Tuesday, 20 Jan 2015 | 12:19 AM ET

    KUALA LUMPUR, Malaysia— Malaysia on Tuesday cut its economic growth forecast for this year and announced a slew of austerity measures after tumbling oil prices forced the government to slash spending. Prime Minister Najib Razak said the government's 2015 budget, announced in October, was based on oil prices averaging $100 a barrel but this projection was no...

  • Malaysia slashes 2015 budget, cuts growth forecast Monday, 19 Jan 2015 | 11:13 PM ET

    KUALA LUMPUR, Malaysia— Malaysia cut its economic growth forecast for this year and announced austerity measures after tumbling oil prices forced the government to slash its budget. Prime Minister Najib Razak says the 2015 budget, announced in October, was based on oil prices averaging $100 a barrel but this projection was no longer realistic as global crude...

  • Why commodity exporters may get a tailwind Sunday, 18 Jan 2015 | 5:54 PM ET
    A worker walks among coils of galvanized steel at the ArcelorMittal Eko Stahl steelworks in Germany

    Conventional wisdom suggests commodity exporters will take price declines on the chin, but Morgan Stanley expects they'll benefit most.

  • Aer Lingus, Ryanair extending hedging position into 2016. SINGAPORE/ BERLIN, Jan 14- Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel. In Europe, airlines such as Aer Lingus and Ryanair are aiming to take advantage of the low oil prices to...

  • Lower oil isn’t giving Asia markets wings Sunday, 11 Jan 2015 | 10:17 PM ET
    A station attendant refuels a moped at a fuel station on April 30, 2013 in Yogyakarta, Indonesia.

    Sharply lower oil prices are widely hailed as a positive for most Asian markets, but that hasn't slowed fund outflows or raised growth forecasts much.

  • Malaysia, brace for slower growth in 2015  Tuesday, 6 Jan 2015 | 9:31 PM ET

    Vishnu Varathan, Senior Economist at Mizuho Bank, outlines the double whammy that will contribute to a "distinct deceleration" in Malaysia's growth for the year ahead.

  • Officers arrive via helicopter on the Indonesian Navy vessel KRI Bung Tomo as it takes part in search operations on January 1, 2015 for victims and debris from AirAsia flight QZ8501.

    Search teams have been hunting for the wreck of an Indonesia AirAsia passenger jet but bad weather is again hindering the search.

  • AirAsia jet's black boxes may take a week to find Wednesday, 31 Dec 2014 | 10:41 PM ET
    Indonesian Navy divers carry their gears from a cargo plane during the search operation for the victims of AirAsia flight QZ8501 in Pangkalan Bun, Indonesia, December 31, 2014.

    An official said it may take a week to find the missing AirAsia jet's black boxes as poor weather hampered search efforts.

  • Questions about AirAsia crash as more bodies found Wednesday, 31 Dec 2014 | 4:22 AM ET
    A member of the Indonesian military reads a map during a search and rescue (SAR) mission over the waters of the Java Sea near Pangkalan Bun, Kalimantan.

    The bulk of the missing AirAsia jet may be on the floor of the Java Sea, which could indicate the aircraft hit the sea bed intact.

  • Bad weather hampers search for AirAsia wreckage Tuesday, 30 Dec 2014 | 8:02 PM ET
    Members of the Indonesian air forces carry items retrieved from the Java Sea during search and rescue operations for the missing AirAsia flight QZ8501 in Pangkalan Bun, Central Kalimantan on December 30, 2014.

    Bad weather hampered the search for the wreckage and black boxes of flight AirAsia QZ8501 after Indonesian rescuers found bodies and debris near Borneo.