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Malaysia

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  • MOSCOW— A draft Dutch report into last year's crash of Malaysian Airlines Flight 17 in eastern Ukraine fails to offer a comprehensive picture, a Russian aviation official said Thursday. The Dutch Safety Board has made the draft available to representatives of Malaysia, Ukraine, the U.S., Russia, Britain, Australia and the Netherlands prior to the release of the...

  • SINGAPORE, June 26- Surprisingly strong rains in an El Nino year, typically marked by droughts in parts of Asia, have eased concerns of a lower crop output in the region. While the forecast is for an equally severe dryness this year, recent rains have buoyed farming in India, China and Australia. "Indian monsoon is on track, in fact it has been better than expected, and we...

  • Malaysian hijacked oil tanker rescued, pirates flee Friday, 19 Jun 2015 | 12:03 AM ET

    Navy chief Abdul Aziz Jaafar said the eight pirates, believed to be Indonesians, abandoned the MT Orkim Harmony late Thursday. The Malaysian Maritime Enforcement Agency said earlier that the ship was detected in waters off southern Vietnam late Wednesday and had been repainted black from blue. Abdul Aziz also tweeted pictures of the tanker, showing some...

  • KUALA LUMPUR, June 18- A Malaysian naval vessel has located the hijacked tanker Orkim Harmony in Vietnamese waters and is trying to persuade the pirates onboard to surrender, promising them they will be unharmed, Malaysian maritime officials said on Thursday. Both the crew and the cargo are safe, and the navy is in the midst of negotiations with the robbers,...

  • KUALA LUMPUR, June 18- Malaysia's Chief of Navy Admiral Abdul Aziz Jaafar has said on his Twitter account that a Malaysian naval vessel has been shadowing the hijacked tanker Orkim Harmony and is trying to persuade the pirates aboard to surrender. Both the crew and the cargo on board is safe, and the navy is in the midst of negotiations with the robbers, officials...

  • KUALA LUMPUR, June 18- The small oil tanker that was hijacked off the southeast coast of Malaysia last week has been detected in Cambodian waters, according to local media reports on Thursday. State news agency Bernama, quoting Malaysia's Chief of Navy Admiral Abdul Aziz Jaafar, reported that the MT Orkim Harmony has been repainted and renamed.

  • Drop in AirAsia shares isn't justified: Maybank Wednesday, 17 Jun 2015 | 9:20 PM ET
    Drop in AirAsia shares isn't justified: Maybank

    Mohshin Aziz, aviation analyst at Maybank Investment Bank, says there is nothing new in the negative research report issued by GMT Research.

  • JAKARTA, June 17- Singapore- listed palm giant Golden Agri-Resources has renewed its commitment to sustainability to address customer concerns after an international body accused one of its Indonesian subsidiaries of breaching land acquisition rules. Last month, a Golden Agri subsidiary was ordered by the Roundtable on Sustainable Palm Oil to halt buying...

  • Air France union says "not at war" with management Tuesday, 16 Jun 2015 | 2:29 AM ET

    PARIS, June 16- The trade union saying it represents 65 percent of Air France's pilots criticized its plan for new cost cuts and line closures but said it was "not at war" against the management, indicating no strike plans for now. Air France on Monday announced line closures and 80 million euros of new cost cuts as it accelerates its Perform 2020 restructuring plans...

  • PARIS, June 15- Air France announced line closures and 80 million euros of new cost cuts on Monday as it accelerates its Perform 2020 restructuring plans in the wake of another drop in its unit revenues. The carrier, part of Air France-KLM, said it would close four loss-making lines including Kuala Lumpur and three destinations in Europe, and reduce frequencies or...

  • PARIS, June 15- Air France announced line closures and 80 million euros of new cost cuts on Monday as it accelerates its Perform 2020 restructuring plans in the wake of another drop in its unit revenues. The carrier, part of Air France-KLM, said it would close four loss-making lines including Kuala Lumpur and three destinations in Europe, and reduce frequencies or...

  • *Number of ship attacks in Asia is rising- ReCAAP. KUALA LUMPUR/ SINGAPORE, June 15- A small oil tanker was hijacked off the southeast coast of Malaysia over the weekend in the second such incident in the same area this month, raising further concerns over piracy in Southeast Asia, maritime officials said on Monday. The Malaysian Maritime Enforcement Agency said the...

  • In a response to AirAsia shares falling to five-year lows, the CEO said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. Fernandes, who has led AirAsia's rise to a billion-dollar business from a two-plane operation in 2002, wrote in his letter that the company may also sell and lease back up...

  • SINGAPORE, June 15- AirAsia Bhd, Asia's biggest budget airline, plans to raise funds at loss-making associates by issuing up to $300 million in bonds and may sell planes to help cut group debt, Chief Executive Tony Fernandes said in a letter to investors. Fernandes, who has steered AirAsia into a billion-dollar business from a two-plane operation in 2002, said the...

  • The market has been looking for metal to resurface ever since the mass raid on LME inventories back on March 20. What is surprising, though, is the location of yesterday's inflow since the LME "Street" had convinced itself the metal was heading to South Korea. NOW YOU SEE IT, NOW YOU DON'T The March 20 cancellation of 98,350 tonnes of lead, equivalent to around 40...

  • Bad news is good for these stocks Wednesday, 10 Jun 2015 | 7:07 PM ET

    Bad news has been a boon for Malaysia's rubber glove makers, with the ringgit's drop and South Korea's MERS outbreak likely to provide a twin boost.

  • Are Asia’s markets facing a 'hike hissy'? Tuesday, 9 Jun 2015 | 7:26 PM ET

    Markets across Asia have dropped precipitously, but it's more of a hike hissy than a replay of the taper tantrum rout two years ago, analysts said.

  • WASHINGTON, June 5- The discovery of scores of graves in people-smuggling camps in Malaysia is casting a shadow over President Barack Obama's signature trade deal as U.S. lawmakers consider punishing trading partners that are soft on human trafficking. When Menendez, the senior Democrat on the Senate Foreign Relations Committee, was asked if he still...

  • WASHINGTON, June 5- The discovery of scores of graves in people-smuggling camps in Malaysia is casting a shadow over President Barack Obama's signature trade deal as U.S. lawmakers consider punishing trading partners that are soft on human trafficking. That compromise would have replaced Menendez's tougher language, currently in a Senate- passed bill...

  • Bangkok will reclaim top tourist spot title: MasterCard Wednesday, 3 Jun 2015 | 9:45 PM ET
    Bangkok will reclaim top tourist spot title: MasterCard

    Eric Schneider, Group head for APAC at MasterCard Advisors, says Bangkok's tourism sector is seeing rapid recovery and will reclaim its title as the world's most visited city "very shortly."