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Asia Top News and Analysis Malaysia

  • SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement. BEIRUT- Lebanese central bank governor Riad Salameh and other government officials and business leaders from the country and the region participate in the...

  • KUALA LUMPUR, Malaysia— Malaysia has named Nor Shamsiah Mohamad Yunus, an experienced former central bank official, as the new central bank governor. Finance Minister Lim Guan Eng said Friday that the king has consented to Nor Shamsiah's appointment to head Bank Negara Malaysia from July 1 for a five-year term. She succeeds Muhammad Ibrahim, who resigned two...

  • *Najib: People expect a former PM to be "treated with decorum". *Najib says never in "wildest dreams" did he expect police raids. LANGKAWI/ KUALA LUMPUR, Malaysia, June 22- The police kept watch close to a holiday villa where Najib Razak this week gave his first sit-down interview since his shock election defeat last month, a reminder for the former Malaysian prime...

  • SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement. BEIRUT- Lebanese central bank governor Riad Salameh and other government officials and business leaders from the country and the region participate in the...

  • LONDON/ JAKARTA, June 21- Unregulated British firm Financial.org, which is on eight watchdogs' alert lists, has closed all investors' dollar accounts and converted the balances to its new cryptocurrency, according to a notice on the company's Facebook page. Investors can only activate their new cryptocurrency accounts by investing another $7,000 by July 31,...

  • KUALA LUMPUR, June 21- Malaysia said on Thursday it will provide up to 2.8 billion ringgit to complete an integrated financial district from which more than 3 billion ringgit was diverted to pay debts of scandal-plagued 1 Malaysia Development Berhad. The minister said since 2012, Malaysia's government extended advances and transfers, and bought land from...

  • KUALA LUMPUR, Malaysia— Malaysia said Thursday it will not cancel a skyscraper project billed as the tallest in Southeast Asia, even though 3 billion ringgit from the venture has been misappropriated by the 1 MDB state fund linked to former premier Najib Razak. The new revelation of embezzlement linked to 1 MDB comes more than a month after Najib's coalition,...

  • BUDAPEST- The National Bank of Hungary will present its quarterly inflation report, with updated forecasts on key macroeconomic indicators- 0800 GMT. SYDNEY- Speech by Tony Richards, RBA head of payments policy, at the Australian Business Economists event on cryptocurrencies. BUENOS AIRES- Central Bank of Argentina releases monetary policy statement.

  • *He maintains $681 mln in his account came from Saudi Arabia. *Najib says never asked Jho Low to act for him in 1 MDB deals. LANGKAWI, Malaysia, June 20- Former Malaysian prime minister Najib Razak says he shouldn't be blamed for the multi-billion-dollar 1 MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account.

  • *He maintains $681 mln in his account came from Saudi Arabia. *Najib says never asked Jho Low to act for him in 1 MDB deals. LANGKAWI, Malaysia, June 20- Former Malaysian prime minister Najib Razak says he shouldn't be blamed for the multi-billion-dollar 1 MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account.

  • *He maintains $681 mln in his account came from Saudi Arabia. *Najib says never asked Jho Low to act for him in 1 MDB deals. LANGKAWI, Malaysia, June 20- Former Malaysian prime minister Najib Razak says he shouldn't be blamed for the multi-billion-dollar 1 MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account.

  • *He maintains $681 mln in his account came from Saudi Arabia. *Najib says never asked Jho Low to act for him in 1 MDB deals. LANGKAWI, Malaysia, June 20- Former Malaysian prime minister Najib Razak says he shouldn't be blamed for the multi-billion-dollar 1 MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account.

  • Founder and Chairman of Alibaba Group Jack Ma attends the 'Ma Yun Rural Teachers Prize' awards show on January 21, 2018 in Sanya, Hainan province, China.

    Jack Ma may be seen today as an e-commerce visionary, but the billionaire businessman revealed he was first inspired to build his empire by the dreams of another Asian icon.

  • KUALA LUMPUR, June 20- Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that U.S. The Thomson Reuters/ INSEAD Asian Business Sentiment Index, representing a six-month outlook from 61 firms, fell to 74 in the second quarter from a seven-year high of 79 in the prior three months. The risks to growth are...

  • KUALA LUMPUR, June 19- Malaysia could extend new tax incentives for foreign investment in areas such as technology if companies promise to create better-paid jobs for Malaysians, Prime Minister Mahathir Mohamad said on Tuesday. His comments could reassure investors in Southeast Asia's third biggest economy after Mahathir started a review of major...

  • MUMBAI, India- The Reserve Bank of India will release the Monetary Policy Committee minutes for June policy- 1130 GMT. BANGKOK- Bank of Thailand monetary policy committee meeting. **BUDAPEST- The National Bank of Hungary will present its quarterly inflation report, with updated forecasts on key macroeconomic indicators- 0800 GMT.

  • SYDNEY, March 21- Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/ INSEAD survey showed, as a fresh surge by the Chinese economy offset concerns about rising trade barriers. The Thomson Reuters/ INSEAD Asian Business Sentiment Index, representing the six-month outlook of 67 firms,...

  • SYDNEY- Reserve Bank of Australia will release the minutes of June monetary policy meeting 0130 GMT. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. BUDAPEST- Hungarian Central Bank holds its rate-setting meeting 1200 GMT.

  • The outlook for Malaysia's banks remains 'stable': Analyst

    Simon Chen of Moody's Investors Service says "fairly robust" global growth and expectations of strength in its domestic consumption are likely to bode well for Malaysia's banking sector.

  • North Korean leader Kim Jong-un (L) meets Singapore's Prime Minister Lee Hsien Loong (R) on June 10, 2018 in Singapore.

    The tiny island-state of Singapore not only hosted the historic meeting between President Donald Trump and North Korean leader Kim Jong Un on Tuesday, but it also racked up a $15 million bill.