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Malaysia

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  • KUALA LUMPUR, Malaysia— Long-haul budget carrier AirAsia X said Tuesday it expects to return to operational profit by the end of the year and is open to foreign investment. AirAsia X has suffered losses in the past two years and its share price has plunged to near record lows at around 0.20 ringgit, far below its IPO price of 1.25 ringgit. Malaysia- based AirAsia X has...

  • KUALA LUMPUR, Malaysia— Malaysian Prime Minister Najib Razak, stung by allegations that he received some $700 million in government money, on Tuesday fired the attorney general who had been investigating him and a deputy who has been among his most prominent critics. Najib announced over national television Tuesday that his deputy Muhyiddin Yassin will be...

  • KUALA LUMPUR, Malaysia— Malaysian PM axes deputy, sacks attorney general in purge of critics amid fund scandal.

  • LONDON/ BRUSSELS, July 17- A year after the downing of MH17, Europe's intelligence agencies remain reluctant to share information that might help airlines detect threats from ground-based conflicts in future, the region's aviation safety chief said on Friday. Malaysia Airlines flight 17, flying from Amsterdam to Kuala Lumpur, was shot down over eastern...

  • SYDNEY— Tearful relatives of several Australians who were flying on the Malaysian jetliner that was shot down over eastern Ukraine a year ago gathered for a memorial service Friday that included the unveiling of a plaque set in soil from the place where they died. There were 38 Australian citizens and permanent residents among the 298 people on Malaysia...

  • JAKARTA/ KUALA LUMPUR, July 9- Shares in AirAsia Bhd recovered from five-year-lows after the Indonesian government on Thursday eased investors' fears that the Malaysian budget carrier's local affiliate could be grounded for a lack of funds. Shares in AirAsia, which took a beating in recent weeks after a Hong Kong- based research firm questioned its accounting,...

  • *AirAsia among carriers told to bolster balance sheet. *AirAsia CEO says not giving up Indonesian market. JAKARTA/ KUALA LUMPUR, July 9- Indonesia's transport ministry said it would help airlines struggling to meet a deadline to improve their finances, softening its stance after concerns about the measures sent AirAsia Bhd's shares plunging to five-year lows.

  • *AirAsia among carriers told to bolster balance sheet. *AirAsia shares plunge over 15 pct on Wed. JAKARTA/ KUALA LUMPUR, July 9- Indonesia's transport ministry said it would help airlines struggling to meet a deadline to improve their finances, softening its stance after concerns about the measures sent AirAsia Bhd's shares plunging to five-year lows.

  • AirAsia hits major turbulence in Indonesia Wednesday, 8 Jul 2015 | 5:02 AM ET

    AirAsia's Indonesian unit faces turbulence after the country took the unusual step of ordering it to raise as much as $225 million in funding quickly.

  • KUALA LUMPUR, July 7- A task force investigating Malaysia's troubled state investment fund 1 MDB said on Tuesday it had frozen half a dozen bank accounts following a report that hundreds of millions of dollars had been transferred to an account of Prime Minister Najib Razak. The Wall Street Journal reported last week that investigators probing the debt-laden...

  • SINGAPORE, July 7- Malaysia's central bank intervened for a third successive trading day on Tuesday to support the ringgit currency, traders said, as corruption allegations swirled round Prime Minister Najib Razak, raising doubts over his grip on power. A scandal over the $11.6 billion of debt wracked up by state fund 1 MDB had been bubbling for months, with...

  • *Tesco's Malaysia business worth 900 mln pounds- sources. KUALA LUMPUR, July 7- Japan's Aeon Co Ltd is interested in buying the Malaysian operations of Britain's Tesco PLC, valued at about 900 million pounds, people familiar with the matter told Reuters. The Japanese retailer has 28 hypermarkets in the country and plans to open 100 more stores in various formats by...

  • KUALA LUMPUR, July 7- A task force investigating Malaysia's troubled state investment fund 1 MDB said on Tuesday it had frozen half a dozen bank accounts following a media report that nearly $700 million had been transferred to an account of Prime Minister Najib Razak. The Wall Street Journal reported last week that investigators probing the debt-laden 1 MDB...

  • Why Malaysia's Najib may survive political crisis Monday, 6 Jul 2015 | 9:50 PM ET
    Why Malaysia's Najib may survive political crisis

    The opposition party won't be able to come up with the numbers to call for an emergency vote against Prime Minister Najib Razak, says Oh Ei Sun, former political secretary to the PM from 2009-2011.

  • Can Malaysian PM Najib survive 1MDB scandal? Monday, 6 Jul 2015 | 6:51 PM ET
    Can Malaysian PM Najib survive 1MDB scandal?

    Despite graft allegations, the structure of Malaysia's ruling party UMNO makes it difficult to remove Prime Minister Najib Razak, says James Chin, director of the Asia Institute at the University of Tasmania.

  • *China bounces on Beijing support, Hong Kong hammered. LONDON, July 6- Emerging market stocks flirted with their biggest fall in two years on Monday as fears that Greece could be heading back to the drachma reached fever pitch, China remained volatile and Fed minutes this week kept U.S. rate jitters simmering. Most of the damage, however, had been done in Asia where...

  • 1MDB and Greece: Double-whammy decks the ringgit Monday, 6 Jul 2015 | 3:47 AM ET
    Malaysia Ringgit.

    Malaysia's ringgit plunged Monday to levels not seen since the late 1990s, taking a double-whammy from domestic corruption allegations and Greece.

  • Malaysian PM Najib Razak accused of corruption Sunday, 5 Jul 2015 | 9:40 PM ET
    Malaysian PM Najib Razak accused of corruption

    Wong Chen, member of the Malaysian Parliament, discusses the allegations of corruption surrounding Malaysia's state fund 1MDB and Prime Minister Najib Razak.

  • *Opposition says Malaysia facing unprecedented political crisis. KUALA LUMPUR, July 5- Two of Malaysia's main opposition parties on Sunday demanded an emergency sitting of parliament to discuss Prime Minister Najib Razak's future as tensions mounted over a report that linked him to probes into alleged corruption involving state fund 1 MDB.

  • KUALA LUMPUR, July 3- Malaysian Prime Minister Najib Razak on Friday denied taking money from state fund 1 MDB or any other entity for personal gain, after a media report said investigators traced nearly $700 million to bank accounts that were allegedly in his name. The Wall Street Journal's report, if true, would be the first time the beleaguered prime minister...