K. Ajith, Research Analyst at UOB Kay Hian, says the government may have to take drastic action with Malaysia Airlines, such as privatizing the carrier in order to facilitate restructuring.» Read More
The Australian Bureau of Meteorology this week said Pacific Ocean surface temperatures are at levels associated with a weak El Nino, but the threshold for the weather event has not yet been breached. El Nino could bring dry weather to Australia, which is already struggling with a drought, and it could also curb its wheat, sugar and cotton production.
*CIMB aims to acquire RHB and Malaysia Building Society. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank in a move that is likely to push larger rival Maybank and others in the region to bulk up too.
KUALA LUMPUR, Malaysia— Malaysia's central bank Thursday raised its benchmark interest rate for the first time in three years to curb inflation and household debt as economic growth picks up. Bank Negara Malaysia said it raised its overnight policy rate, used by banks to set lending rates, by a quarter percentage point, to 3.25 percent.
*CIMB aims to acquire RHB and Malaysia Building Society- source. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank, a source familiar with the deal said, a move that is likely to push larger rival Maybank and others in the region to bulk up too.
KUALA LUMPUR, Malaysia— A jetliner operated by budget carrier AirAsia skidded off the runway on landing at Brunei's Bandar Seri Begawan International Airport on Monday, but all those onboard disembarked safely. AirAsia said the plane was carrying 102 passengers and seven crew members.
*Working with CIMB Investment Bank on restructuring plan. *Deal could cost Khazanah 1.05 billion ringgit at 21 sen per share.
SINGAPORE, June 26- Vopak is considering building a liquefied natural gas terminal in Southeast Asia, the chief executive of the Dutch independent storage company said, as it is a key supply route for a region that is home to the world's top LNG buyers.
Regulators in Europe are pressing for new ways that would make it impossible to disable safety and communications systems on commercial airliners, the NYT reports.
LONDON, June 20- It's been a record-breaking week for nickel, albeit not the kind to do much for this market's punchy bull narrative. Tuesday's stocks surge was split between three locations: Singapore, Rotterdam and Johor in Malaysia.
*Taiwan garment maker is Cambodia's second ever listing. PHNOM PENH/ HONG KONG, June 16- The number of companies on Cambodia's stock exchange doubled on Monday- to two.
KUALA LUMPUR, June 10- Malaysia will unwrap plans to restructure loss-making Malaysian Airlines within six to 12 months, a state investor said, as a slump in business since the disappearance of Flight MH370 leaves the carrier set to exhaust its cash reserves by mid-2015.
LONDON, June 6- Territorial disputes over tiny islands and reefs in the South China Sea are poisoning relations between China and its neighbors in Southeast Asia. "In recent months, China has undertaken destabilizing, unilateral actions asserting its claims in the South China Sea," U.S.
SINGAPORE/ HONG KONG, June 2- Lurking beneath Malaysia's solid investment-grade sovereign rating is a risk posed by a $14 billion investment fund that is not even generating enough cash from operations to cover interest costs.
*IATA meet of airline execs in Doha June 1-3. DOHA/ KUALA LUMPUR, May 30- Global airlines are gathering in Doha for an industry summit intended to celebrate 100 years of commercial air travel, but now darkened by the disappearance of Malaysian jetliner MH370.
JAKARTA/ KUALA LUMPUR, May 30- Indonesian authorities said on Friday they were testing products made by British confectioner Cadbury to check they complied with Islamic standards after two chocolate varieties in neighbouring Malaysia were found to be contaminated with pork DNA.
Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC, says emerging Asia is fast catching up with the U.S. and Japan in terms of debt.
Mondelez foods after pork traces@. KUALA LUMPUR, May 29- Muslim retail and consumer groups in Malaysia on Thursday called for a boycott of products made by Britain- based confectioner Cadbury and its parent Mondelez International Inc, after two chocolate varieties were found to have infringed Islamic rules by containing pork DNA.
KUALA LUMPUR, May 29- Muslim retail and consumer groups in Malaysia on Thursday called for a boycott of products made by Britain- based confectioner Cadbury and its parent Kraft Foods Group Inc after two chocolate varieties were found to have infringed Islamic rules by containing pork DNA.
KUALA LUMPUR, May 29- Muslim retail and consumer groups on Thursday called for a boycott of products made by British-based confectioner Cadbury and its parent Kraft Foods Group Inc after two chocolate varieties were found to have contravened Islamic rules by containing pork DNA.
BEIJING, May 28- Malaysian Prime Minister Najib Razak will not meet with the families of Chinese passengers of Malaysia Airlines flight MH370 when he visits Beijing for the first time since the plane disappeared. A spokesman for Najib's China delegation told Reuters on Wednesday he could not immediately comment on why there would be no meeting.