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Malaysia

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  • Southeast Asia makes vital push in banking integration Saturday, 21 Mar 2015 | 6:27 AM ET

    KUALA LUMPUR, Malaysia— Southeast Asian nations Saturday wrapped up a key agreement allowing qualified banks to operate freely in each other's countries in a push toward greater financial and economic integration. The regional banking integration framework is part of efforts to create an economic community by the end of the year, making the 10- member...

  • LONDON, March 18- The London Metal Exchange dropped something of a bombshell on its users last Monday when it warned it may have to suspend warranting activity at its Malaysian warehouses. The problem is Malaysia's introduction of a new Goods and Service Tax from April 1, 2015 and specifically whether it applies to LME-registered metal. Since a prerequisite...

  • KUALA LUMPUR/ MELBOURNE March 18- Malaysia's customs agency hopes to reach an agreement soon with the London Metal Exchange, after the LME threatened to stop registering new metal in the country if a new tax was levied in two bonded zones there, a customs official said on Wednesday. Malaysia's Ministry of Finance and Customs will engage with the LME "in the near...

  • March 18- Malaysia's customs agency hopes to reach an agreement soon after the London Metal Exchange threatened to stop registering metal in the country if a new tax affects its two bonded zones there, local media reported on Wednesday. The world's top metals market has been seeking details on how a new Malaysian goods and services tax, due to come into effect...

  • New Malaysian airline orders 20 Bombardier CS100 jets Tuesday, 17 Mar 2015 | 5:38 AM ET

    It will face fierce competition from flag carrier Malaysia Airlines and budget airline AirAsia. Its main hub will be in Malaysia's southern Johor state, with a secondary hub in eastern Sabah on Borneo island, the statement said. Deputy Transport Minister Aziz Kaprawi said the new airline will play a key role in improving connectivity between the Malaysian...

  • LANGKAWI, Malaysia, March 17- A new privately held Malaysian airline intends to buy 20 Bombardier Inc CS100 aircraft for $1.5 billion, in what could be the Canadian planemaker's first order in Southeast Asia for its long-delayed CSeries passenger jet program. The airline, called flymojo, could also buy 20 more aircraft, which would raise the value of the deal to...

  • SINGAPORE, March 9- Last year was by some measures the safest in the history of commercial aviation, despite two high-profile crashes involving Malaysia Airlines aircraft in which hundreds of people were killed, a leading industry body said on Monday. While more people died in air accidents in 2014 than the average in recent years, the number of fatal accidents...

  • JACC: 'Remain committed to MH370 search'   Monday, 9 Mar 2015 | 1:33 AM ET
    JACC: 'Remain committed to MH370 search'

    Judith Zielke, chief coordinator at Joint Agency Coordination Centre (JACC), says the team remains committed to complete searching the priority search area by May 2015.

  • SINGAPORE, March 9- Last year was by some measures the safest in the history of commercial aviation, despite two high-profile crashes involving Malaysia Airlines aircraft in which hundreds of people were killed, a leading industry body said on Monday. While more people died in air accidents in 2014 than the average in recent years, the number of fatal accidents...

  • How long can the hunt for MH370 continue?   Sunday, 8 Mar 2015 | 10:35 PM ET
    How long can the hunt for MH370 continue?

    Andrew Herdman, director general, Association of Asia Pacific Airlines, says the search for Malaysia Airlines flight 370 depends not just on the cost, but commitment levels of the different countries.

  • ATSB: 'Got a long way to go for MH370 hunt'   Sunday, 8 Mar 2015 | 7:34 PM ET
    ATSB: 'Got a long way to go for MH370 hunt'

    Martin Dolan, chief commissioner of Australian Transport Safety Bureau (ATSB), says only 40 percent of the search area has been covered thus far. He adds that the search for Malaysia Airlines flight 370 will continue as long as resources are available.

  • Why the hunt for MH370 should continue   Sunday, 8 Mar 2015 | 6:34 PM ET
    Why the hunt for MH370 should continue

    Denny Kelly, principal & former pilot at Kelly James and Associates, says the search area for Malaysia Airlines flight 370 is so deep that the team could have missed possible wreckage.

  • Search for MH370: One year on   Sunday, 8 Mar 2015 | 6:30 PM ET
    Relatives of passengers from missing flight MH370 on February 18, 2015.

    With no hard evidence to go by, the search continues for Malaysia Airlines flight 370, which disappeared en route to Beijing on March 8 last year. CNBC's Adam Bakhtiar reports.

  • Battery expired on MH370 black box: interim report Sunday, 8 Mar 2015 | 5:35 AM ET
    Ground staff prepare Malaysia Airlines planes for departure at Kuala Lumpur International Airport in Sepang

    The battery on one of Malaysia Airline flight MH370's data recorders may have expired more than a year before the plane went missing, a report said.

  • KUALA LUMPUR, March 4- Malaysia's indebted and controversy-ridden state investor 1 MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said. The power and property fund, a pet project of Prime Minister Najib Razak with assets worth $14...

  • Lower oil both blessing and curse for AirAsia Thursday, 26 Feb 2015 | 11:46 PM ET

    Lower oil prices usually boost airline profits, but for AirAsia, the drop pushed the carrier into the red as Malaysia's ringgit took a knock-on blow.

  • METALS-London copper prices drift on Lunar New Year lull Wednesday, 18 Feb 2015 | 8:43 PM ET

    MELBOURNE, Feb 19- London copper edged lower on Thursday, paring gains from a short-covering burst the session before, with trade subdued as many Asian nations celebrate Lunar New Year. Copper is expected to remain stuck in the $5,300- 5,800 range in place for the past month until Chinese buying activity ramps up in mid-March. *Other markets taking some holiday...

  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...

  • JAKARTA, Feb 18- They might be late to the party, but central banks in Southeast Asia are joining the global rush of easier policy, as deflationary pressures create room for them to prop up faltering growth without weakening defences against capital outflows. Indonesia surprised markets with a rate cut on Tuesday, and Singapore eased its policy in January.

  • KUALA LUMPUR, Feb 18- Malaysian state fund 1 MDB said it would explore asset sales as well as the sale of development rights in prime property projects as it seeks to cut down on debt- a burden that has put pressure on the ringgit and the country's sovereign credit rating. The strategic review is new CEO Arul Kanda's attempt to make a break with years of controversy...