Lower oil prices usually boost airline profits, but for AirAsia, the drop pushed the carrier into the red as Malaysia's ringgit took a knock-on blow.» Read More
Australia's Woodside Petroleum said on Thursday it will sell its Mauritanian assets to Malaysian state-owned oil and gas company Petronas as it looks to focus on more lucrative LNG projects.
Billionaire Richard Branson's Virgin Group on Friday purchased a 20% stake in Malaysia's long-haul budget carrier AirAsia X, in an alliance that could transform the face of Asian aviation.
The year was 1997. The place – Malaysia. The economy was booming and had averaged an impressive 8.9% growth rate the past five years. 1997 looked to be no different. In fact, it looked to be an even better year for all Malaysians.
A decade on from Asia's financial crisis, the oil market has witnessed an unprecedented bull run. The surge in prices has seemed unsustainable with some commentators likening the jump to the dot com tech bubble. However, this particular bubble in the commodities market shows no signs of bursting as long as the twin powerhouses in the region -- China and India -- continue to grow.
Saudi Telecom said on Tuesday it had agreed an 11.4 billion riyal (US$3.04 billion) deal that would give it a 25% stake in Maxis Communications, Malaysia's biggest mobileoperator.
British billionaire Richard Branson is eyeing a stake in Malaysian budget carrier AirAsia's new long-haul airline, the Star Malaysian daily reported.
Malaysia's market regulator said it has begun investigations into air cargo carrier Transmile Group which had reported financial irregularities and sharply revised down its results for the last two years.
Think of investing in Asia and markets like China and India immediately spring to mind. China seems to be preoccupying everyone. And why would it not with the Shanghai Composite Index more than doubling over the last 12 months, thanks largely to nearly 90 million retail investors. But things are not looking so rosy at the moment. Chinese shares have been on a volatile ride of late. After hitting another record high on May 29, the index has lost almost 7% as of June 8. For investors, who are less than thrilled to ride the Chinese stock market rollercoaster, the good news is, that you have options – very good ones at that.
Malaysia will decide on a partner for its loss-making national carmaker Proton Holdings within the next three months after talks with Germany's Volkswagen fell through, a government minister said on Friday.
Growth in Asia's developing economies should ease to 7.6% in 2007 from last year's 11-year peak as expansion in industrialized nations slows, the Asian Development Bank (ADB) said on Tuesday.