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Malaysia

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  • KUALA LUMPUR, Feb 6- Troubled state-owned investment fund 1 Malaysia Development Bhd has called off plans to sell up to 8.4 billion ringgit of Islamic bonds, two people familiar with the issue told Reuters on Saturday. Malaysian media had reported on Saturday that 1 MDB may pull out, thereby allowing Malaysia's largest power group Tenaga Nasional Bhd to take...

  • PARIS, Feb 3- A United Nations agency may press on Tuesday for rapid adoption of new aircraft tracking proposals, weeks ahead of the anniversary of the disappearance of Malaysia Airlines Flight MH370, officials said. The International Civil Aviation Organization is expected to tell a safety conference in Montreal that new guidelines should come in force as...

  • MONTREAL, Feb 2- Malaysia, which suffered two commercial air disasters last year after one jet disappeared and another was shot down over Ukraine, said on Monday the United Nations must make reporting of risks to airlines over conflict zones mandatory. The International Civil Aviation Organization, the U.N.' s aviation agency, been under pressure to come up with...

  • MONTREAL, Feb 2- Malaysia, which had two air disasters last year after one jet disappeared and another was shot down over Ukraine, said on Monday that real-time aircraft tracking must become a priority for the industry. While real-time tracking of commercial planes would have a financial impact, it is too vital to ignore, Malaysia said in a paper to the United...

  • Malaysia, brace for a rating cut by Fitch: HSBC   Sunday, 1 Feb 2015 | 8:23 PM ET
    Malaysia, brace for a rating cut by Fitch: HSBC

    Andre De Silva, Head of Asia-Pacific Rates at HSBC, says the delay of a loan payment by state-owned investment fund 1Malaysia Development Berhad sets the stage for a downgrade in Malaysia's rating by Fitch.

  • MH370 declared 'an accident', clears way for claims Thursday, 29 Jan 2015 | 5:33 AM ET
    New satellite map of MH370 search area.

    Malaysia's Civil Aviation Authority has officially declared the MH370 crash an accident, allowing efforts to proceed with compensation claims.

  • 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...

  • 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...

  • 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...

  • Why CIMB walked away from a three-way merger   Wednesday, 21 Jan 2015 | 8:24 PM ET
    Why CIMB walked away from a three-way merger

    Nazir Razak, Chairman of CIMB, explains why a planned merger with RHB and Malaysia Building Society to create Malaysia's biggest bank fell through.

  • 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 caught in an 'oil spill': CIMB   Monday, 19 Jan 2015 | 10:36 PM ET
    Malaysia caught in an 'oil spill': CIMB

    Song Seng Wun, Regional Economist at CIMB, expects Malaysia to prioritize social spending over infrastructure amid plunging oil prices and describes the outlook for the Malaysian ringgit.

  • 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...

  • India vs Indonesia: Which is a brighter spot in Asia?

    Matthew Hegarty, Analyst at Pinnacle International, compares the performances of India and Indonesia amid plunging oil prices.

  • 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
    Little relief ahead for Malaysian ringgit: Citi

    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.