Sadiq Currimbhoy, global investment strategist at Maybank Kim Eng, explains his "bottom-up" approach to conducting stress tests on emerging markets.» Read More
JAKARTA, Sept 29- Indonesia has sent senior officials to China and Japan to court Asia's two biggest economies as Jakarta renews its efforts to build a multi-billion dollar railway linking two major cities, a government official said on Tuesday. Tuesday's announcement that representatives had been sent to Japan and China suggested the project had gained...
SINGAPORE/ KUALA LUMPUR, Sept 29- Foreign investors could pull up to another billion dollars out of embattled Malaysia's bond markets this week, pushing the country a step closer to a currency reserves crisis that would send shudders across the region. Malaysia's markets have been ground down since July, primarily by the escalating political fallout from...
Malaysia's scandal-hit 1MDB is pressing for a quick — and possibly contentious — sale of more than $2B of energy assets, the FT reports.
CNBC speaks to Micha Benoliel, CEO of Open Garden, about how the company's mobile messaging app FireChat has been used in various protests across Asia such as the Occupy Central movement in Hong Kong last year.
The Malaysian ringgit's sell-off may worsen amid a toxic mix of shaky economic fundamentals and the spreading of the 1MDB scandal.
Weaker currencies typically boost growth but emerging Asian countries could instead slow down as financial conditions tighten.
*Khairuddin detained until Thursday- state news agency Bernama. KUALA LUMPUR, Sept 19- A former senior member of Malaysia's ruling party has been detained for six days in connection with activities detrimental to parliamentary democracy, state news agency Bernama reported late on Saturday, citing a police director. I can't reveal further information because...
KUALA LUMPUR, Sept 19- A former senior member of Malaysia's ruling party said authorities prevented him from boarding a flight on Friday bound for New York, where he planned to lodge a complaint with police against indebted state investor 1 Malaysia Development Bhd. Khairuddin Abu Hassan has already lodged complaints in Switzerland and Hong Kong regarding...
Elena Okorochenko, general manager, financial services and sovereign ratings at S&P Ratings Services Asia Pacific, expects the Fed to raise rates in December and explains why the ratings agency downgraded its sovereign credit rating on Japan.
Malaysia has agreed to arrange for Swiss investigators to interview witnesses in their investigation of Malaysia's 1MDB.
KUALA LUMPUR, Sept 14- The Malaysian government will inject 20 billion ringgit into a state investment firm to shore up the stock market, Prime Minister Najib Razak said on Monday, in a bid to boost confidence in a country reeling from a political scandal. "As such, the government will reactivate ValueCap with funds of 20 billion ringgit," he told reporters at the...
Amid Fed and China-related uncertainties, the victory by Singapore's ruling party will only have a short-lived boost on market sentiment, says Selena Ling, head of Treasury Research and Strategy at OCBC Bank.
Faced with what they see as stonewalling in Malaysia, 1MDB critics are going global, prodding foreign agencies to probe allegations. The New York Times reports.
Aaron Chan, director of retail sales at ADS Securities Hong Kong, outlines the challenges that Malaysia faces amid a weakening ringgit, slumping oil prices and uncertain domestic politics.
Song Seng Wun, economist at CIMB Private Banking, says the Bank Negara Malaysia will keep an eye on the inflationary impact of the goods and services tax, as well as the dramatic slide in the ringgit.
Vishnu Varathan, senior economist at Mizuho Bank, says the Bank Negara Malaysia will likely be troubled by the risks from a weakened ringgit and high household debts.
Emily Dabbs, economist at Moody's Analytics, expects the data dump due over the weekend to show a continued slowdown in China, especially in retail sales and sectors that are exposed to the housing market.
PK Basu, chief ASEAN economist & head of Malaysia Research at Macquarie, says the Bank Negara Malaysia will likely keep rates steady, but could take "unorthodox action" such as raising the reserve requirements.
A high-profile Abu Dhabi investment fund is investigating an apparent $1.4 billion mismatch in its dealings with 1MDB, the FT reports.
*Singapore's Parkway to acquire, not build, hospitals in India. NEW DELHI, Sept 10- For nearly two years, Parkway Pantai has delayed the opening of its 450- bed India hospital, the Singapore- based medical firm's bid to cash in on one of Asia's fastest growing private healthcare markets, as it waited for the necessary permits. Parkway, a unit of the world's second...