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Malaysia

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  • SINGAPORE/ KUALA LUMPUR, Nov 24- Deutsche Bank has advised investor caution about shares in MOL Global Inc a day after it issued a buy recommendation for the Malaysian online payment firm it helped go public almost two months ago. MOL, majority owned by Malaysian billionaire Vincent Tan and the sultan of the southern state of Johor, did not provide further details...

  • Malaysia axes fuel subsidies as oil prices drop Friday, 21 Nov 2014 | 5:25 AM ET

    KUALA LUMPUR, Malaysia— Malaysia's government said Friday it will completely withdraw fuel subsidies from next month following the plunge in global oil prices. Domestic Trade Minister Hasan Malek said fuel prices will now be set at the end of every month based on a monthly average price under a "managed float" system from Dec. 1. "Subsidy is a major price distortion...

  • AirAsia to launch Southeast Asian air pass Thursday, 20 Nov 2014 | 5:53 AM ET

    KUALA LUMPUR, Malaysia— Budget carrier AirAsia said Thursday it will launch a regional air pass next year to increase revenue and boost tourism in Southeast Asia, taking competition in low-cost air travel to a more intense level. AirAsia, which has dominated cheap travel in the region for years, faces rising competition from the proliferation of discounts...

  • *Thailand, Indonesia, Malaysia say to "manage" rubber exports. SINGAPORE, Nov 20- Top rubber producers Thailand, Indonesia and Malaysia have agreed to "manage" natural rubber exports to international markets to ensure there is no excess supply, they said in a joint statement on Thursday. The last time Thailand, Indonesia and Malaysia- which form the International...

  • Nearly 18 months after the low-cost carrier, backed by Australia's Qantas Airways and Shanghai- based China Eastern Airlines, lodged an application for a licence, Hong Kong authorities are still weighing its approval. Budget airlines account for just 8 percent of the capacity out of Hong Kong, compared with 30 percent in Singapore and 50 percent in Kuala Lumpur...

  • Pregnant Malaysia woman died due to faulty air bag Friday, 14 Nov 2014 | 2:01 AM ET

    KUALA LUMPUR, Malaysia— A Malaysian woman who died in a car accident due to a defective air bag manufactured by Takata Corp. was pregnant and perished with her unborn baby, Japanese automaker Honda said Friday. Honda was notified about the accident a month later, he said. Jordhatt said Honda only recently learnt that the inflator was defective in driver-side air...

  • HONG KONG, Nov 13- As a landmark investment scheme that links stock markets in Shanghai and Hong Kong draws nearer, the de facto central bank of the world's largest offshore yuan hub has rolled out a series of measures to ensure sufficient yuan liquidity. The move will make it a lot easier for retail investors to put money into yuan assets and participate in the...

  • ISTANBUL, Nov 12- Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey's state-run Halkbank of its pension and insurance arms, three sources close to the process said on Wednesday. European firms Ageas, Aviva and Zurich Insurance, Japan's Meiji Yasuda, Nippon Life and Sompo Japan Insurance, Malaysia's Khazanah...

  • US alliances in Asia strained amid China's influence Saturday, 8 Nov 2014 | 9:57 PM ET
    President Barack Obama speaking at the White House, November 5, 2014.

    As Washington seeks to expand American interests in Asia, some U.S. partners have shown less willingness to challenge Beijing.

  • It includes deployment of American Marines in Darwin, Australia, stepped up U.S. naval visits to the Philippines and many more joint drills with that nation's armed forces, as well as the lifting of a ban on lethal weapons sales to Vietnam. But just as Washington seeks to expand American interests in Asia as a counterpoint to China's growing influence, some U.S....

  • LONDON, Nov 4- European shares gained ground and core bond yields dipped on Tuesday following a raft of company trading updates, bucking a more muted trend in Asia and the United States as oil prices extended their fall and economic growth fears lingered. U.S. crude oil was trading down by more than $1 at $77.61 a barrel, while Brent crude futures also fell to $83.66,...

  • *Kuwait close to cutting diesel, kerosene subsidies. *Oman says may start subsidy cuts next year. Officials in Kuwait and some other Gulf Arab states may face more public indignation in coming months.

  • KUALA LUMPUR, Nov 1- Two children of a passenger on Malaysian Airlines Flight MH370 have sued the company and the Malaysian government for damages, the first lawsuit to be filed over the aircraft which disappeared in March. The two Malaysian boys, aged 13 and 14, filed the suit at the High Court registry, also naming the heads of the Department of Civil Aviation, the...

  • 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,...

  • *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...