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Asia Top News and Analysis Malaysia


  • *Biggest growth seen in India. SINGAPORE/ DUJANA, India, Oct 9- Liquefied Petroleum Gas, long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright spot amid a broad commodities rout, riding on the wave of strong economic growth in India and parts of Southeast Asia. The biggest growth market is India, with its 1.3 billion people and 8...

  • KUALA LUMPUR, Malaysia— Malaysia's attorney general on Thursday defended the government over a debt scandal as the country's state rulers pushed for the investigation to be resolved quickly. The fund, set up by Prime Minister Najib Razak in 2009 to develop new industries, has been accused by critics of graft and mismanagement after it accumulated at least 42...

  • SINGAPORE/ JAKARTA, Oct 7- Asia's worst performing currencies, the Indonesian rupiah and Malaysian ringgit, rallied strongly to multi-week highs on Wednesday, helped by the previous day's intervention by Indonesian authorities, robust Malaysian data and a heavy liquidation of positions. "Rupiah and ringgit rebounded the most because they are more oversold...

  • Among the biggest winners of the Trans-Pacific Partnership is Vietnam, where booming garment and shoe industries are poised to benefit from the elimination of tariffs in the United States and other major importing nations. Many of the benefits of the free trade deal will flow to Vietnam, where the economy has been growing at a decent clip as manufacturers beef...

  • SINGAPORE, Oct 7- Malaysia's ringgit jumped more than 5 percent to a five-week high on Wednesday on stop-loss dollar selling and higher local stocks. The ringgit, the worst performing Asian currency so far this year, surged as much as 5.2 percent to 4.1600 per dollar, its strongest since Sept 1. Kuala Lumpur stocks advanced 1.6 percent.

  • *AirAsia currently valued at nearly $800 mln after slump. SINGAPORE, Oct 6- Founders of Asia's largest budget carrier, AirAsia, are sounding out investors to take the company private in a management-led buyout, after a critical research report knocked its shares to a seven-year low, people familiar with the matter said. Group CEO Fernandes, who has led AirAsia's...

  • SINGAPORE, Oct 6- Founders of Asia's No.1 budget carrier AirAsia Bhd are sounding out investors to take the company private in a management-led buyout, after its shares took a beating this year following a critical research report, people familiar with the matter said. AirAsia boss Tony Fernandes and his long-time business partner Kamarudin Meranun are...

  • Every day, it alone determines which city will be shrouded by peaty white smoke blowing from burning forests in Indonesia. Like neighbors who must tolerate the bad habits of the family next door, Malaysia, Singapore and Thailand have endured the annual problem of smoke that stings the eyes, irritates the throats and shuts down schools and airports.

  • *Malaysia and Indonesia look particularly vulnerable. *Indonesia' worried' about contagion effect- finmin. Malaysia and Indonesia, which export oil and other commodities to fuel China's factories, are looking vulnerable as the world's second-largest economy heads for its slowest growth in 25 years and the prices of their commodity exports plunge.

  • *Malaysia and Indonesia look particularly vulnerable. *Indonesia' worried' about contagion effect- finmin. Malaysia and Indonesia, heavily reliant on commodity exports to China, are looking particularly vulnerable as the world's second-largest economy heads for its slowest growth in 25 years.

  • How are EMs faring? Tuesday, 29 Sep 2015 | 11:16 PM ET
    How are EMs faring?

    Sadiq Currimbhoy, global investment strategist at Maybank Kim Eng, explains his "bottom-up" approach to conducting stress tests on emerging markets.

  • Malaysia is facing elevated risks: Economist Tuesday, 29 Sep 2015 | 9:17 PM ET
    Malaysia is facing elevated risks: Economist

    Mahamoud Islam, Asia economist at Euler Hermes, attributes the decision to downgrade Malaysia's rating to 'BB2' from 'A1', to an increase in short-term risks.

  • Malaysian minister: We can ride out this perfect storm Tuesday, 29 Sep 2015 | 8:28 PM ET
    Abdul Wahid Omar, a minister in the Malaysia Prime Minister's Department overseeing the economic planning unit, speaks during an interview in Kuala Lumpur, Malaysia.

    Malaysia is suffering from EM outflows, low oil prices and China's slowdown, the country's economic planning minister said.

  • 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...

  • People here want a higher retirement age Monday, 28 Sep 2015 | 11:06 PM ET
    Elderly people work out with wooden dumb-bells in the grounds of a temple in Tokyo on September 21, 2015, to celebrate Japan's Respect for the Aged Day.

    Governments in much of the world face the daunting prospect of fierce opposition to raising retirement ages, but in Asia, many want to see increases.

  • 1MDB's $2B fire sale of energy assets Monday, 28 Sep 2015 | 8:16 PM ET
    Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    Malaysia's scandal-hit 1MDB is pressing for a quick — and possibly contentious — sale of more than $2B of energy assets, the FT reports.

  • Use of Firechat in protests was an accident: Open Garden

    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.

  • Does Malaysia’s ringgit face 1997 all over again? Thursday, 24 Sep 2015 | 7:20 PM ET

    The Malaysian ringgit's sell-off may worsen amid a toxic mix of shaky economic fundamentals and the spreading of the 1MDB scandal.

  • Here's why weaker currencies can hurt Asia growth Sunday, 20 Sep 2015 | 11:39 PM ET
    Kuala Lumpur, Malaysia

    Weaker currencies typically boost growth but emerging Asian countries could instead slow down as financial conditions tighten.