Asia Top News and Analysis Malaysia

  • MONDAY, SEPTEMBER 24 BANGKOK, Thailand- Bank of Thailand Governor Veerathai Santiprabhob speaks at a two-day BOT symposium 2018: The future of money, finance, and central banking- 0200 GMT. BRATISLAVA- Slovakia Central Bank Governor Jozef Makuch holds a news conference 1100 GMT. PRAGUE- Czech National Bank holds monetary policy meeting.

  • KUALA LUMPUR, Malaysia— Former Malaysian Prime Minister Najib Razak pleaded not guilty Thursday to 25 new charges of abuse of power and money laundering over the multimillion-dollar looting of a state investment fund. Wearing a blue suit and tie, Najib was calm as he pleaded not guilty in a crowded courtroom to four counts of abusing his power to receive a total...

  • KUALA LUMPUR, Malaysia— Detained former Malaysian Prime Minister Najib Razak will face at least two dozen fresh charges of abuse of power and money laundering Thursday over the multimillion-dollar looting of a state investment fund, police and the anti-graft agency said. The 21 charges prepared against him involve receiving, using and transferring of...

  • A star-studded, scandal: Jho Low's $5 billion heist

    Wall Street Journal reporters Tom Wright and Bradley Hope join 'Squawk Box' to discuss "Billion Dollar Whale", their book on how Malaysian businessman Jho Low managed to pull off one of the largest financial heists in history.

  • Indian businesspeople

    India is a country renowned for its bustling tech start-up scene. But it's the hospitality industry that's making waves with workers, according to LinkedIn's list of top start-ups in India to work for in 2018.

  • KUALA LUMPUR, Sept 14- Malaysian palm oil futures fell to a two week low on Friday over concerns of rising stocks, a stronger ringgit and weaker related edible oils. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 0.9 percent at 2,222 ringgit a tonne on Friday evening, its weakest since Aug. 30.

  • ANKARA, Sept 14- The Turkish lira traded flat on Friday, as investors weighed the impact of Thursday's hefty 625 basis point rate hike and looked ahead to a new economic plan slated to be unveiled next week. The lira has lost more than 40 percent of its value this year on the back of investor concerns about Erdogan's influence on monetary policy and an ongoing row...

  • Lim Guan Eng, Malaysia's finance minister, speaks during a news conference in Hong Kong, China, on Thursday, Sept. 13, 2018.

    Malaysian Finance Minister Lim Guan Eng acknowledged that his country "hope(s) the trade war would fizzle out because it's not good for the global economy and what's not good for the global economy is not good for Malaysia in the long term."

  • KUALA LUMPUR/ HONG KONG, Sept 13- A lawyer representing former Malaysian prime minister Najib Razak was charged with money laundering on Thursday, as anti-corruption agents try to retrieve billions of dollars siphoned off from a scandal-plagued state fund. The charges against Muhammad Shafee Abdullah come as a blow for Najib who is fighting charges of...

  • *Pledges that Malaysia can service its debts. In August, Malaysia cut its 2018 growth forecast to 5 percent, from 5.5-6.0 percent and reported much slower second-quarter expansion of 4.5 percent, compared to the previous period's 5.4 percent. Lim, a former banker and chartered accountant, told the CLSA Investors' Forum in Hong Kong that there is an urgent need to...

  • KUALA LUMPUR, Malaysia— A top lawyer for former Malaysian Prime Minister Najib Razak was charged Thursday with receiving 9.5 million ringgit in ill-gotten wealth from his client, who is himself accused of money laundering and corruption. According to the charge sheets, he received proceeds from illegal activities of 4.3 million ringgit from Najib's...

  • The former deputy prime minister admits that while the country's national debt is alarming, he doesn't expect the situation to deteriorate further.

  • Malaysian politician Anwar Ibrahim, who is expected to take over from PM Mahathir Mohamad, says his country still wants Chinese capital despite having suspended some existing deals.

  • Amid the carnage in emerging market currencies over the past two weeks, a few have held up relatively well. The Thai baht, in fact, has stood out with its exceptional performance.

  • Gerry Harvey, chairman of Australian retailer Harvey Norman, says Malaysia would become a much stronger economy in another five to ten years.

  • Tony Fernandes, CEO of AirAsia at 2015 WEF in Davos, Switzerland.

    "It's inevitable with trade sanctions and some of the things that are happening in the currency world in emerging markets," AirAsia Group CEO Tony Fernandes told CNBC.

  • Malaysia's trade minister on US-China tariff escalations

    Darell Leiking, Malaysia's minister of international trade and industry, says a "solution" to the ongoing trade war between the U.S. and China is likely to be found.

  • KUALA LUMPUR, Aug 30- Malaysian state-owned energy firm Petroliam Nasional Berhad is looking to expand its core business portfolio and plans to pay the government a higher dividend than earlier promised, its chief executive said on Thursday. Petronas is budgeting for an oil price of $66 per barrel for next year. Petronas will pay the Malaysian government, its...

  • Customers browsing at a clothing store in Kuala Lumpur, Malaysia.

    The Sales and Services Tax is being reintroduced after the government led by Prime Minister Mahathir Mohamad repealed an unpopular goods and services tax earlier this month.

  • Malaysia's Prime Minister Mahathir Mohamad reportedly said he intends to ban foreigners from buying homes being built by Country Garden in the southern tip of the country. Alan Jin of Mizuho Securities Asia weighs in.