Asia Top News and Analysis Malaysia

  • Vancouver skyline with Burrard bridge during sunset

    As protests in Hong Kong stretch from summer into autumn with little sign of resolution, a surge in migration applications suggests more locals are making plans to leave the special administrative region.

  • No reason for Malaysia's central bank to cut rates: Moody's Analytics

    Katrina Ell of Moody's Analytics says Malaysia's central bank is expected to keep the policy rate at 3% in September. She also says the country has been an unexpected "quiet achiever" in the U.S.-China trade war.

  • KUALA LUMPUR, Sept 12- Malaysia's central bank, counting on domestic demand to keep supporting growth while global expansion slows, held its key interest rate at 3.00% on Thursday as expected. "They've kind of saved their bullets for now," said Charu Chanana, analyst of Continuum Economics said of the rate hold. Malaysia was the only nation in Southeast Asia to...

  • JAKARTA, Sept 11- SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said. It could help OVO-DANA dominate Gojek in Indonesia's multi-billion dollar online payments market.

  • KUALA LUMPUR, Sept 10- Malaysia's palm oil stockpiles at the end of August declined 5.3% from the previous month to 2.25 million tonnes, industry regulator the Malaysian Palm Oil Board said on Tuesday. Palm oil output in August in the world's second-largest palm producer gained 4.6% to 1.82 million tonnes from the previous month, and exports rose 16.4% from July...

  • In a strong week for European stocks after what investors saw as a positive turn of political events in Britain, Italy and Hong Kong as well as signals on resumption of U.S.- China trade talks, the benchmark STOXX 600 index rose 1.7% for the week, its third weekly gain in a row. Hopes of stimulus for major economies, hurt by a bruising trade war between the United...

  • OSLO/ KUALA LUMPUR, Sept 6- Telenor and Malaysia's Axiata Group have ended talks to create a telecoms joint venture with nearly 300 million customers across South Asia and Southeast Asia in a blow to the Norwegian group's growth strategy and shares. Shares in Telenor, which has expanded in Asia in pursuit of growth outside its mature home market in Scandinavia,...

  • KUALA LUMPUR, Sept 6- Malaysia's Axiata Group was surprised by the collapse of a planned deal with Norway's Telenor to create a telecoms joint venture in Asia, its top executive told analysts on Friday after both companies announced the end of talks.

  • OSLO/ KUALA LUMPUR, Sept 6- Telenor and Malaysia's Axiata Group have ended talks to create a telecoms joint venture with nearly 300 million customers across South Asia and Southeast Asia in a blow to the Norwegian group's growth strategy and shares. Shares in Telenor, which has expanded in Asia in pursuit of growth outside its mature home market in Scandinavia,...

  • Norway's Telenor fell 5.3% after it scrapped a plan to create a telecoms joint venture with Malaysia's Axiata Group while news of a bid for Thyssenkrupp AG's elevator business helped prop up Germany's DAX. With traders battening down the hatches ahead of the monthly payrolls numbers, bank-heavy Madrid and Milan- listed stocks were marginally larger fallers,...

  • SINGAPORE, Sept 6- Shanghai tin edged lower on Friday, but it was heading for its best week on record, while prices in London were on course to post its best weekly gain in years, as major tin producers sought to cut output. The most traded tin contract on the Shanghai Futures Exchange was rising 9.7% so far this week, on track for its highest weekly gain on record, despite...

  • *China's refined zinc imports: https://tmsnrt.rs/2PNSAmK. The zinc market has been trading the supply surplus story since April, the London price falling from the year-to-date high of $2,958 per tonne to Monday's three-year low of $2,190. Production in China is starting to show signs of strong year-on-year growth but the Western component of the global...

  • LONDON, Sept 5- The chief executive of the world's biggest oil trader, Vitol, told Reuters he expects a weaker oil price in the short term but does not see sustained levels below $50 a barrel. "I expect a softer price in Q4 but it is unlikely to be sustained below $50 a barrel because that means $45 for shale, which would result in capex being cut," CEO Russell Hardy said.

  • *China faces growing criticism over treatment of Uighurs. But China has also prioritised tracking the movements of ethnic Uighurs, a minority mostly Muslim group considered a security threat by Beijing. China is facing growing international criticism over its treatment of Uighurs in Xinjiang.

  • *China faces growing criticism over treatment of Uighurs. But China has also prioritized tracking the movements of ethnic Uighurs, a minority mostly Muslim group considered a security threat by Beijing. China is facing growing international criticism over its treatment of Uighurs in Xinjiang.

  • JAKARTA, Sept 5- European Union representatives to Indonesia on Thursday challenged a plan to impose duties on European dairy goods in retaliation for the bloc's duties on palm biodiesel, warning such action would violate World Trade Organization rules. Indonesia's Trade Minister Enggartiasto Lukita said on Aug. 9 he was recommending to an...

  • BANGKOK, Sept 4- Thailand's capital, Bangkok, edged out Paris and London as the world's most popular city to visit, according to a survey released on Wednesday, welcome news for Thailand after worries over a drop in foreign arrivals. Paris and London were ranked second and third, each with about 19.1 million arrivals, trailed by Dubai with 15.9 million.

  • KUALA LUMPUR, Sept 4- Malaysia's government said on Wednesday its decision last month to extend a license for Australia's Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs. Lynas, the largest rare earths producer outside China that sells most of its products to...

  • Tan Min Lan of UBS Global Wealth Management says the valuations of Asian equities overall are "fine," though earnings are "weak."

  • LONDON, Sept 2- Emerging market policymakers slashed interest rates in August, taking their lead from major central banks including the U.S. Federal Reserve and the European Central Bank and joining in efforts to shore up their economies. Some of the August interest rate cuts- like in Mexico and Thailand- took markets by surprise.