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Asia Top News and Analysis Malaysia

  • *Researchers see "WannaCry" links to North Korea. SEOUL/ WASHINGTON May 16- Cybersecurity researchers have found evidence they say could link North Korea with the WannaCry cyber attack that has infected more than 300,000 computers worldwide, as global authorities scrambled to prevent hackers from spreading new versions of the virus. A researcher from South...

  • KUALA LUMPUR, May 16- The chemical manufacturing unit of Malaysia's state energy firm Petronas is looking to grow "aggressively" in specialty chemicals to meet demand in new regional markets and profit from higher margins, its CEO told Reuters on Tuesday. The affordability of specialty chemicals in its key markets Southeast Asia, China and India is increasing...

  • *China and India prepare for radical policy shifts. SINGAPORE/ KUALA LUMPUR, May 12- Demand for gasoline in Asia may peak much earlier than expected as millions of people in China and India buy electric vehicles over the next decade, threatening wrenching change for the oil industry, oil and auto company executives warned. Change is being prompted by policy moves...

  • Nazir Razak, chairman of CIMB Group Holdings, in Hanoi, Vietnam, on Thursday, Dec. 8, 2016.

    Malaysia's government needs to improve transparency in the wake of the 1MDB scandal, said CIMB's Nazir Razak, the prime minister’s brother.

  • SEATTLE, May 10- Boeing Co said on Wednesday it had temporarily halted test flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric Co and Safran SA of France. Boeing shares fell 1.3 percent to $183.15 in afternoon trading on the New York Stock Exchange. GE shares were down 0.9 percent at $28.67.

  • CIMB Chairman on 1MDB, government transparency

    Nazir Razak, CIMB Group chairman, says the Malaysian government still needs to do more to improve transparency.

  • Outlook for ringgit better now: CIMB Chairman

    Nazir Razak, CIMB Group chairman, weighs in on the consumer debt to GDP ratio in Malaysia and the outlook for the Malaysian ringgit.

  • Malaysia oil and gas remains strong: CIMB Chairman

    Nazir Razak, CIMB Group chairman, talks to CNBC about Malaysia's growth prospects and how he expects the upcoming election to play out.

  • KUALA LUMPUR, May 9- Malaysia is trying to rope in China's Dalian Wanda Group Co Ltd to develop a $1.7 billion Kuala Lumpur property project, barely a week after it dumped its original partners in disputed circumstances, sources aware of the discussions said on Tuesday. An investment by Dalian Wanda- owned by China's richest man Wang Jianlin- would be a big boost for...

  • KUALA LUMPUR, May 9- Malaysia is trying to rope in China's Dalian Wanda Group Co Ltd to develop a $1.7 billion Kuala Lumpur property project, barely a week after it dumped its original partners in disputed circumstances, sources aware of the discussions said on Tuesday. An investment by Dalian Wanda- owned by China's richest man Wang Jianlin- would be a big boost for...

  • A cargo ship sits docked at the Port of Seattle in Seattle, Washington.

    Reports of the demise of the TPP trade agreement may be premature, as the deal’s members consider proceeding without the U.S.

  • **BUDAPEST- Hungarian Central Bank holds non-rate-setting meeting. MANILA- Philippines Central Bank holds its monetary policy meeting. MANILA- Philippines' Central Bank Deputy Governor Diwa Guinigundo updates business executives on the Interest Rate Corridor scheme, at the Makati Shangri-La Hotel- 0130 GMT.

  • *OPEC, others originally agreed to cut in first half of 2017. But global inventories remain high, pulling crude back below $50 per barrel and putting pressure on OPEC to extend the cuts to the rest of the year. Falih said recent price falls had been caused by seasonal low demand and refinery maintenance, as well as by non- OPEC production growth, especially in the...

  • The Organization of the Petroleum Exporting Countries, of which Saudi Arabia is the de-facto leader, and other producers including Russia pledged to cut output by 1.8 million barrels per day in the first half of the year to boost the market. But global inventories remain high, pulling crude oil prices back below $50 per barrel and putting pressure on OPEC to...

  • DUBAI/ LONDON, May 8- OPEC and non-member oil producers are considering extending a global supply cut for nine months or more to avoid a price-sapping output increase in the first quarter of next year, when demand is expected to be weak, OPEC and industry sources said. Oil prices have gained support but global inventories remain high, pulling crude back below $50 a...

  • LONDON, May 8- Saudi Arabias energy minister has indicated OPEC will extend its current production cuts for at least another six months to the end of 2017 and maybe further. OPECs original agreement on revised production levels was reached on Nov. 30 last year and always subject to review in the normal way at the organisations next scheduled ministerial...

  • KUALA LUMPUR, May 8- Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC- led deal to cut output during the first half of the year to be extended to all of 2017.. The Organization of the Petroleum Exporting Countries, of which Saudi Arabia is the de-facto leader,...

  • SINGAPORE, May 8- Oil prices rose on Monday as Saudi Arabia's energy minister said an OPEC- led production cut scheduled to end in June would likely be extended to cover all of the year, or even into 2018, although another increase in U.S. drilling capped gains. Brent crude futures were at $49.48 per barrel at 0652 GMT, up 38 cents, or 0.75 percent, from their last close.

  • KUALA LUMPUR, May 8- Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC- led deal to cut output during the first half of the year to be extended to all of 2017.. The Organization of the Petroleum Exporting Countries, of which Saudi Arabia is the de-facto leader,...

  • 100 dollar bills

    The IIF welcomes Japan's bilateral currency swap deals with Thailand and Malaysia, saying it would add to stability in the Southeast Asian region.