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Asia Top News and Analysis Malaysia

  • Floods in the world’s largest natural rubber producer Thailand are expected to boost the price of a commodity that is vital to tire production.

  • KUWAIT, Jan 25- Saudi Aramco has shelved plans for a partnership with Malaysian state-oil firm Petroliam Nasional Berhad in a $27 billion refining and petrochemical project in the southeast Asian country, industry sources familiar with the matter told Reuters on Wednesday. Aramco had been in talks with Petronas about a joint venture in the Refinery and...

  • *Scope for Indonesia, China to join reformulated deal- Australia. WELLINGTON/ TOKYO, Jan 24- Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership by encouraging China and other Asian countries to join the trade pact after U.S. Japanese Prime Minister Shinzo Abe has touted it as an engine of economic reform, as well as a...

  • *Scope for Indonesia, China to join reformulated deal- Australia. WELLINGTON/ TOKYO, Jan 24- Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership by encouraging China and other Asian nations to join the trade pact after U.S. Japanese Prime Minister Shinzo Abe has touted it as an engine of economic reform, as well as a...

  • The U.S. withdrawal from the TPP will devastate American agriculture, a former U.S. Trade Representative said.

  • *Scope for Indonesia, China to join reformulated deal- Australia. WELLINGTON/ TOKYO, Jan 24- Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership by encouraging China and other Asian nations to join the trade pact after U.S. Fulfilling a campaign pledge, Trump signed an executive order in the Oval Office on Monday pulling...

  • TOKYO, Jan 23- JX Nippon Oil& Energy Corp said its venture with Malaysian state oil firm Petronas has started commercial operations at the ninth liquefaction train at the Petronas LNG complex in Bintulu, Sarawak. LNG exporters are sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in...

  • SYDNEY, Jan 22- Relatives of victims onboard missing Malaysia Airlines flight MH370 said on Sunday they plan to deliver personal letters to Malaysian Transport Minister Liow Tiong Lai while he visits Australia, urging him to resume the search for the missing jet. Malaysia, Australia and China agreed in July to suspend the $145 million search if the plane was not...

  • SINGAPORE, Jan 20- A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, stoking their costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations. The International Maritime Bureau's piracy reporting centre in Kuala Lumpur has also warned of the rising...

  • Computers are a key contributor to the U.S.-China trade deficit.

    North Asia will be hit the hardest when U.S. president-elect Trump follows through on his promises on trade, said Goldman Sachs.

  • Central banks in Malaysia and Indonesia were expected to keep interest rates steady on Thursday, constrained by fears of currency outflows.

  • Bank Negara won't cut rates: Economist

    Oliver Salmon, senior economist at Oxford Economics, says that the Malaysian central bank will be cautious this year.

  • Policymakers will have to accept that their currencies will depreciate against the dollar, Singapore’s central bank chief said on Monday.

  • KUALA LUMPUR, Jan 17- Warren Buffett's Berkshire Hathaway has won a licence to provide reinsurance services in Malaysia, the billionaire investor's group said, as it expands operations in Asia. Berkshire Hathaway Specialty Insurance Company said in a statement on Monday it has established an office in the Malaysian capital Kuala Lumpur to provide the...

  • KUALA LUMPUR, Jan 17- Warren Buffett's Berkshire Hathaway has won a license to provide reinsurance services in Malaysia, the billionaire investor's group said, as it expands operations in Asia. Berkshire Hathaway Specialty Insurance Company said in a statement on Monday it has established an office in the Malaysian capital Kuala Lumpur to provide the...

  • *Steady exports to Asia may point to supply cuts in Europe, U.S. DUBAI/ SINGAPORE, Jan 12- Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal, but it has held most of its exports to the rest of Asia steady for a second month, industry sources said on Wednesday. "Saudi Arabia and Kuwait are focusing...

  • *Steady exports to Asia may point to supply cuts in Europe, U.S. DUBAI/ SINGAPORE, Jan 11- Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal, but it has held most of its exports to the rest of Asia steady for a second month, industry sources said on Wednesday. "Saudi Arabia and Kuwait are focusing...

  • ALBA, Italy, Jan 11- The $44 billion palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk, has found a vocal ally in the food sector: the maker of Nutella. The hazelnut and chocolate spread, one of Italy's best-known food brands and a popular breakfast treat for children, relies on palm oil for its smooth texture and shelf...

  • *Malaysian Palm Oil Board data due Jan. 10, after 0430 GMT. KUALA LUMPUR, Jan 6- Malaysia's palm oil inventories likely dropped in December for the first time in four months, as a sharp decline in production outpaced a slower fall in exports. Malaysia's December stockpiles are seen falling 3 percent to 1.61 million tonnes from November, the first monthly decline...

  • A Chinese aircraft carrier fleet operates during training in the South China Sea on December, 2016.

    Philippine President Rodrigo Duterte had previously said that he wanted to avoid confrontation with China.