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Malaysia

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  • WASHINGTON— Government and aviation industry officials from dozens of countries are meeting in Montreal this week to try to find consensus on how to keep from losing airliners like the one that vanished without a trace in Asia and another shot down in Eastern Europe. A Malaysia Airlines flight disappeared in March and has not been found. In July, another...

  • BEIJING— About 100 Chinese families of passengers on the missing Malaysian airliner demanded Friday that Malaysian officials retract their statement that all aboard died, saying that without hard evidence they don't want to start compensation claims. Malaysia's government formally declared still-missing Malaysia Airlines Flight 370 an accident on...

  • Civil aviation chief Azharuddin Abdul Rahman said the hunt for the Malaysia Airlines jet, which disappeared March 8, 2014, while flying from Kuala Lumpur to Beijing with 239 people, "remains a priority." The plane is believed to have crashed in the southern Indian Ocean, off the coast of western Australia. Malaysian Transport Minister Liow Tiong Lai said the...

  • By Yantoultra Ngui and Fransiska Nangoy KUALA LUMPUR/ JAKARTA, Jan 29- Indonesia narrowed the gap in car output with Thailand, Southeast Asia's automaking hub, to its smallest ever last year in percentage terms and is expected to overtake the Thai industry within a decade. Indonesia, Southeast Asia's largest economy, has already surpassed Thailand as the...

  • 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.

  • Little relief ahead for Malaysian ringgit: Citi  Tuesday, 6 Jan 2015 | 9:42 PM ET

    Todd Elmer, Currency Strategist at Citi, believes that the Malaysian ringgit will continue to underperform amid lower oil prices. Hence investors should continue to short the currency.