Malaysia
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Asian stocks closed firmly higher Wednesday, though off their earlier highs, after the U.S. Federal Reserve, in a joint effort with other central banks, said it would add up to $200 billion in funds to help resuscitate strained credit markets.
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Asian markets moved out of negative territory and closed higher Tuesday. Japan and South Korea both ended over 1 percent higher despite initial sharp losses during the morning.
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Opposition parties were getting ready to take power in five of Malaysia's 13 states on Tuesday, putting the country in uncharted waters with the government facing real competition for the first time.
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Asian stocks slumped to a seven-week low Monday, following a fall in U.S. stocks last Friday, after data showed employment fell in February at its fastest rate in five years, heightening worries about the economy.
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Malaysia's premier said on Sunday he has no plan to step down after leading his ruling coalition to its worst election result in decades, despite calls by his influential predecessor for him to quit.
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Malaysia's premier called for fresh elections on Wednesday, kicking off a campaign likely to be dominated by racial issues as religious tension rises in the southeast Asian nation.
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AT&T, the biggest U.S. phone company, is keen to buy an unspecified stake in the mobile arm of state-controlled phone firm Telekom Malaysia, a Malaysian newspaper reported on Wednesday.
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Malaysian plantations to energy group Sime Darby relisted on the local market on Friday at a 36 percent premium to its indicative price, after its merger with two other palm-oil groups.
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Dubai International Capital (DIC) plans to buy stakes in large Asian listed companies such as Singapore Telecommunications and DBS Group Holdings, a Singapore newspaper reported.
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Telekom Malaysia, the country's dominant phone company, plans to demerge its mobile businesses to help unlock the value of its fastest-growing operations, the firm said on Friday.
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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.
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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.
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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.
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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.
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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.
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British billionaire Richard Branson is eyeing a stake in Malaysian budget carrier AirAsia's new long-haul airline, the Star Malaysian daily reported.
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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.
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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.
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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.
