Asia Top News and Analysis Malaysia

  • LONDON, Jan 21- Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close to the matter said. The firm, ISTIM UK, is controlled by the Whelan family, founders of major warehousing company Metro.

  • TOKYO, Jan 22- Three-quarters of Japanese companies have no plan to create committees overseeing compensation or executive nomination, a Reuters poll found, reflecting indifference to boosting governance after the arrest of former Nissan boss Carlos Ghosn. "Nissan acknowledges that the misconduct by its former chairman Carlos Ghosn and former...

  • LONDON, Jan 21- Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close to the matter said. The firm, ISTIM UK, is controlled by the Whelan family, founders of major warehousing company Metro.

  • A wooden sign for mobile pay QR codes at a store in Suzhou, China.

    In just a few years, mobile pay has become so ingrained in the lives of Chinese people that they are driving stores in overseas tourist destinations to adopt the technology.

  • About 80 percent of the money was subsidised by Singapore's' job-redesign' grant, one of several government schemes to help companies with older staff. Tiny Singapore, one of the wealthiest nations in Asia, is seen as a test bed for how governments tackle ageing issues. More than 650 companies in Singapore have made use of the up to S $300,000 job redesign grant...

  • ANKARA- Central Bank of the Republic of Turkey publishes summary of its monetary policy committee meeting. ACCRA- Central Bank of Ghana holds monetary policy committee meeting. TUESDAY, JANUARY 29 PRAGUE- Czech Central Bank Vice-Governor Tomas Nidetzky gives an interview on monetary policy ahead of the February 7 board meeting where the central bankers...

  • Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016.

    Malaysia's finance minister said on Friday the government would be ready to discuss dropping criminal charges against Goldman Sachs linked to the 1MDB scandal if the bank pays $7.5 billion in reparations.

  • Malaysia's Finance Minister Lim Guan Eng delivers the Budget 2019 at parliament house in Kuala Lumpur, November 2, 2018.

    Malaysia has picked three lead arrangers for a samurai bond issuance of up to 200 billion yen ($1.83 billion), finance minister Lim Guan Eng said on Friday.

  • Oct. 21, 2018: Piers for the Luang Prabang railway bridge, a section of the China-Laos Railway built by the China Railway Group under the Belt and Road.

    In recent months, countries such as Pakistan, Malaysia, Myanmar and Sierra Leone have either canceled or backed away from previously negotiated commitments to the Belt and Road Initiative.

  • An employee polishes a Lotus Exige sports coupe automobile as it moves down the inspection line at the Group Lotus Plc automobile factory in Hethel, U.K., on Thursday, Aug. 10, 2017.

    The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new factory in Wuhan city, company job advertisements and government documents showed.

  • Goldman needs to make restitution to Malaysia: Strategist

    Todd Horwitz of Bubba Trading says the 1MDB saga has been recognized as a "scandal," and Goldman Sachs should make restitution to Malaysia for its involvement.

  • Goldman Sachs may still get hit by Malaysia, says investor

    CNBC's "Closing Bell" team discusses what moved the market into the green with Eugene Profit of Eugene Profits and Rick Santelli at the CME in Chicago.

  • Jan 16- Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologised to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1 MDB scandal, but said the bank had conducted due diligence before every transaction. Goldman is being investigated by Malaysian authorities and the U.S. Department of...

  • Jan 16- Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologized to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1 MDB scandal, but said the bank had conducted due diligence before every transaction. Goldman is being investigated by Malaysian authorities and the U.S. Department of...

  • GOLDMAN CEO: THE GOVERNMENT OF MALAYSIA REPRESENTED THAT NO INTERMEDIARIES WERE INVOLVED IN 1 MDB OFFERING.

  • SINGAPORE, Jan 16- Asia's gasoline crack was at a discount of 32 cents a barrel to Brent crude on Wednesday, 1 cent higher than the previous session which was near a one-week low on the back of an unyielding glut.- The bearish fundamentals have dragged the average gasoline profit margin for the first-half of January to about 45 cents a barrel, the lowest for the period...

  • KUALA LUMPUR, Jan 16- Malaysian palm oil futures edged down on Wednesday, though remained range-bound, tracking weakness in soyoil overnight on the U.S. Chicago Board of Trade and crude oil prices. Trading volumes stood at 31,538 lots of 25 tonnes each at the end of the trading day. "Palm is down tracking overnight losses in the CBOT and lower crude oil," said a Kuala...

  • Malaysia is seeking $7.5 billion in reparations from Goldman Sachs over its involvement the 1MDB saga. Lim Guan Eng, the country's finance minister, says the amount is "extremely reasonable."

  • The signage for the U.K. headquarters of UBS.

    Investors would have missed out on a 10-percent rally if they had sold their stock holdings on Christmas Eve and re-entered the market this month, said Mark Haefele, global chief investment officer at UBS Global Wealth Management.

  • Malaysia's Prime Minister Mahathir Mohamad, left, shakes hands with his Singaporean counterpart Lee Hsien Loong during a meeting at the Presidential Palace on the sidelines of the 33rd Association of Southeast Asian Nations (ASEAN) summit in Singapore on Nov. 12, 2018.

    Singapore's foreign minister said on Monday ties with neighboring Malaysia have been in a "downward spiral" over a series of maritime and airspace disputes but hoped the issues could be resolved amicably.