Asia Top News and Analysis Malaysia


  • Feb 7- Palm oil prices could jump more than expected to 2,700 ringgit per tonne in the second quarter, the highest since early 2014, as seasonally lower output and dry weather dent inventories across Southeast Asia, vegetable oils analyst Dorab Mistry said. Concerns that dryness linked to an El Nino weather pattern will lower fresh fruit bunch yields in top...

  • WASHINGTON, Feb 2- Malaysian Prime Minister Najib Razak is not among those accused of wrongdoing in an investigation by Switzerland's chief prosecutor into alleged corruption involving the 1 Malaysia Development Berhad sovereign fund, a Swiss official said on Tuesday. Andre Marty, spokesman for the Office of Swiss Attorney General Michael Lauber, said in an...

  • The International Maritime Bureau said in its annual piracy report that 246 piracy incidents were recorded worldwide, one up from 2014. The bureau, whose piracy reporting center is based in Kuala Lumpur, said Southeast Asia accounted for most of the world's incidents. In Africa, Nigeria remained a hotspot for violent piracy and armed robbery.

  • Swiss ruin Malaysian effort to kill 1MDB scandal Monday, 1 Feb 2016 | 7:47 PM ET
    Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    Switzerland has torpedoed efforts to contain the growing scandal around Malaysia's troubled 1MDB investment fund.

  • SINGAPORE— Singapore announced Monday that it has seized a large number of bank accounts in a probe into alleged misappropriations related to an indebted Malaysian state investment fund. Investigations of "possible money laundering and other offenses carried out in Singapore" in connection with the 1 MDB fund have been continuing since mid-2015, said the...

  • KUALA LUMPUR/ SINGAPORE, Feb 1- For 16 years, Malaysia's internationally-lauded central bank governor bolstered the economic credibility of a country otherwise facing a slew of emerging market challenges, ranging from currency crises to a commodities markets crash. As Zeti Akhtar Aziz prepares to step down as head of Bank Negara Malaysia in April, questions...

  • Swiss 1MDB probe: $4B possibly misappropriated Saturday, 30 Jan 2016 | 3:40 AM ET
    The 1MDB logo is seen on a billboard at the funds flagship Tun Razak Exchange under-development site in Kuala Lumpur on July 3, 2015.

    A Swiss criminal investigation into state fund 1MDB found about $4 billion appeared to have been misappropriated from Malaysian state companies.

  • KUALA LUMPUR, Malaysia— Malaysia's top prosecutor said Saturday he will cooperate with Swiss authorities, whose investigation into an indebted Malaysian state investment fund indicated that $4 billion may have been misappropriated from Malaysian state-owned companies. Switzerland's top prosecutor said he sought Malaysia's help after the...

  • Fugro search director Paul Kennedy has described SAS as developing technology with some questions about its reliability. Because the search was in such a remote region, Fugro opted for established technology with ready supplies of spare parts. The Dong Hai Jiu 101 will join two Fugro ships, Furgo Discovery and Furgo Equator, which will continue to search with...

  • Why Malaysia’s 1MDB scandal is denting growth Thursday, 28 Jan 2016 | 10:52 PM ET

    Malaysia’s long-running political scandal is weighing on the economy and may lead to a ratings downgrade, Oxford Economics said.

  • KUALA LUMPUR, Malaysia— Malaysia on Thursday cut its 2016 growth forecast and slashed spending plans as the economy reels from the slump in oil prices, dealing a new setback to embattled Prime Minister Najib Razak. In a speech, Najib said the government had based the 2016 budget on oil prices averaging $48 a barrel, but that estimate has been lowered to $30- $35 a...

  • Saudi Arabia's King Abdullah authorized payment to Malaysian Prime Minister

    Saudi Arabia's late King Abdullah issued the $681 million payment to Najib Razak.

  • KUALA LUMPUR, Malaysia— Malaysia's anti-corruption agency said Wednesday it will appeal the attorney general's decision to clear Prime Minister Najib Razak of criminal charges over a $681 million financial scandal. Attorney General Mohamed Apandi Ali said Tuesday that $681 million channeled into Najib's accounts in early 2013, just before national...

  • King Abdullah OK'd $681M gift for Malaysian PM: BBC Wednesday, 27 Jan 2016 | 12:23 AM ET
    Saudi King Salman bin Abdulaziz in the Oval Office of the White House September 4, 2015.

    Saudi Arabia's late King Abdullah paid some of the money out of his private funds, the BBC reported.

  • Saudi royal family donated $681M to Malaysian Prime Minister

    Malaysia's attorney general revealed that Saudi Arabia's royal family gave Prime Minister Najib Razak a $681 million gift.

  • Probe finds Saudi royals gave Malaysia PM $681M Tuesday, 26 Jan 2016 | 1:05 AM ET
    Najib Razak, Malaysia's prime minister.

    The cash was a gift and there was no need for Prime Minister Najib Razak to explain what it was for, Malaysia's attorney general said.

  • The Bahrain- based Accounting and Auditing Organisation for Islamic Financial Institutions said last week that it had taken up the development of a standard for gold, a project which was launched last year by the World Gold Council, a London- based market development body. "This standard is expected to have a substantial, positive impact... and will cover a wide...

  • China is in a period of transition: Central bank governor

    Zeti Akhtar Aziz, Malaysia's central bank governor, discusses the recent market turmoil in China.

  • These are the challenges facing Malaysia's central bank

    Zeti Akhtar Aziz, governor of Bank Negara Malaysia, explains the many global developments that are impacting central bankers' decisions.

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    The chief executive of a troubled, deeply indebted Malaysian investment fund strongly rejected accusations of a cover-up, Channel NewsAsia reported.