Ahmad Usman, equity analyst for regional transportation at RHB Research Institute, discusses the impact of the ringgit's decline and accounting issues on AirAsia's results.» Read More
Headwinds such as Fed uncertainties still plague Southeast Asian currencies, says Christy Tan, head of Asian market strategy at the National Australia Bank.
*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...
The sultans of nine of Malaysia's states have called for a swift and transparent investigation into the 1MDB scandal, the NYT reports.
Countries reliant on commodities and foreign debt, including Indonesia and Malaysia, are a concern, says Paul Gambles, co-founder of MBMG Group.
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...
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...
*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.
Sadiq Currimbhoy, global investment strategist at Maybank Kim Eng, explains his "bottom-up" approach to conducting stress tests on emerging markets.
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.
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...
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.
Malaysia's scandal-hit 1MDB is pressing for a quick — and possibly contentious — sale of more than $2B of energy assets, the FT reports.
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.
The Malaysian ringgit's sell-off may worsen amid a toxic mix of shaky economic fundamentals and the spreading of the 1MDB scandal.
Weaker currencies typically boost growth but emerging Asian countries could instead slow down as financial conditions tighten.