Paris prosecutors have launched an investigation into whether Malaysia's PM was paid bribes in a $1.2B arms deal, the FT reports.» Read More
The chief executive of a troubled, deeply indebted Malaysian investment fund strongly rejected accusations of a cover-up, Channel NewsAsia reported.
BENGALURU, Jan 14- Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world. Elwin de Groot, senior market economist at Rabobank, warned that the world could no longer rely...
*Indonesia, Malaysia plan to use more palm oil to make biofuel. SINGAPORE, Jan 14- The world's top palm oil producers Indonesia and Malaysia may have to curb plans to channel more of the commodity into biodiesel as tumbling crude oil prices render the edible oil twice as expensive as its fossil fuel alternative. Indonesia expects to raise the minimum bio content of...
Investors are watching China's every move, as well as a string of interest rate decisions and data points due in the coming days.
The trouble-ridden airline announced that baggage allowances are available again on all flights.
Trouble-ridden Malaysia Airlines left analysts puzzled after it banned checked baggage on Malaysia-to-Europe routes, before scrapping the ban Wednesday.
The $1.7 billion valuation Malaysia's troubled state investment fund put on a deal to sell property assets may be too high, the Financial Times reported.
Jeff Ng, Southeast Asia economist at Standard Chartered, details how the AEC will be a positive for larger economies such as Thailand and Malaysia, as well as smaller economies like Cambodia and Laos.
KUALA LUMPUR, Dec 31- Malaysia's 1 MDB will sell its controlling stake in a high-profile property project to a Malaysian-Chinese group for $1.7 billion, wrapping up major asset sales for a state fund whose troubles have roiled domestic politics. 1 MDB will sell its 60 percent stake in Bandar Malaysia- a major development project in Kuala Lumpur that will include...
Malaysia's troubled state fund 1MDB said it would sell its 60 percent stake in a Kuala Lumpur development project for $1.7 billion.
KUALA LUMPUR, Dec 31- Malaysia's troubled state fund 1 MDB said on Thursday it had agreed to a $1.7 billion property deal with a Malaysian-Chinese group, wrapping up major asset sales to cut debt. 1 MDB will sell its 60 percent stake in Bandar Malaysia Berhad to Iskandar Waterfront Holdings and its partner, state-run China Railway Engineering Corp, for 7.41...
Wong Chen, member of parliament in Malaysia, says the 1MDB scandal had affected not only Malaysia's political landscape but has weighed on its economy as well.
Najib Razak said he used a $700M donation to help his party win elections, the WSJ reported, citing an unnamed cabinet minister.
Stability or even a dip in the dollar against euro and yen will help downtrodden Asian markets recover, says Mark Matthews, head of research at Bank Julius Baer.
Malaysia's 1MDB may have sent $850 million to an entity set up with a name resembling one owned by an Abu Dhabi sovereign-wealth fund, the WSJ reported.
Currencies in Indonesia and Malaysia have already taken a beating this year, and U.S. interest rate increases are set to deal them another blow.
Santitarn Sathirathai, head of SEA and India economics research at Credit Suisse, discusses when the BI and BSP might cut rates, because of low inflation outlooks.
The dollar soared initially but then tapered off due to a more-hawkish-than-expected rate path, explains Mitul Kotecha, head of Asia FX and rates strategy at Barclays.
BANGKOK/ JAKARTA, Dec 16- It could take Southeast Asia, one of the fastest growing air travel markets, two decades to set up a regulatory body to oversee safety in an industry blighted by disasters in recent years, say national regulators and airline executives. The need for tougher regulations gained urgency following this month's report by Indonesia's...
The airport warns the 'untraceable' owners about fees for landing and parking the planes.