Asia Top News and Analysis Malaysia

  • Three industry sources told Reuters on Tuesday that the United States and Japan were working on a small trade deal involving agriculture and autos that could be agreed by President Donald Trump and Prime Minister Shinzo Abe when they meet in New York in September. Asked about progress in the bilateral trade talks, Koji Tomita, Japan's sherpa to the Group of 20...

  • LONDON, July 17- Global investors plan to ditch emerging-market bonds whose yields have been dragged into negative territory by the renewed commitment of the world's major central banks to continue monetary easing if necessary. "Very low or negative interest rates in European sovereign debt is spilling over into EM debt in the higher-graded space and...

  • WASHINGTON, July 16- The United States and Japan are working on a quid pro quo deal involving agriculture and autos that could be agreed by President Donald Trump and Japanese Prime Minister Shinzo Abe when they meet in New York in September, three industry sources familiar with the discussions said on Tuesday. An auto industry official said the deal could...

  • KUALA LUMPUR, July 15- Malaysia seized more than 1 billion ringgit from a bank account of state-owned China Petroleum Pipeline Engineering over incomplete pipeline projects, Prime Minister Mahathir Mohamad said on Monday. The seizure comes nearly a year after Malaysia suspended two pipeline projects, valued at $2.3 billion, on which CPP was the lead...

  • KUALA LUMPUR, July 15- Malaysia seized 1 billion ringgit from a bank account of state-owned China Petroleum Pipeline Engineering Ltd, Prime Minister Mahathir Mohamad said on Monday. The seizure comes nearly a year after Malaysia suspended two pipeline projects, valued at $2.3 billion, on which CPP was the lead contractor. Malaysia seized the funds because CPP...

  • KUALA LUMPUR, July 15- Malaysia will file a complaint to the World Trade Organization by November to challenge a European Union move to phase out palm oil from being used in transport fuels in the bloc. She added that it would be strategically good for Malaysia to file a joint complaint with Indonesia. This led Malaysia to threaten a WTO challenge to the EU move,...

  • Hemp plants are grown for medical research purposes in Chiang Mai province, Thailand.

    Many Asian countries have made headlines for strict punishments for cannabis, but some are nevertheless softening their attitude.

  • KUALA LUMPUR, July 14- Malaysia has seized more than 1 billion ringgit from a bank account of state-owned China Petroleum Pipeline Engineering Ltd, the Straits Times newspaper said on Saturday. The seizure comes nearly a year after Malaysia suspended two pipeline projects, valued at $2.3 billion, on which CPP was the lead contractor. In 2016, CPP won a contract...

  • KUALA LUMPUR, July 10- Malaysia's palm oil stockpiles at the end of June eased 0.97% from the previous month to 2.42 million tonnes, industry regulator the Malaysian Palm Oil Board said on Wednesday. Output in June in the world's second largest palm producer fell 9.2% month-on-month to 1.52 million tonnes, while exports dropped 19.4% from May to 1.38 million...

  • Frances Cheung of Westpac says Malaysia's central bank could make dovish remarks to pave the way for more easing down the road.

  • *'High time India integrated with global value chain'- finmin. NEW DELHI, July 5- India raised import tariffs on nearly 75 items including gold and automobile parts in its budget on Friday and increased taxes on the rich to help pay for recapitalising banks and supporting small business in a bid to revive sagging growth. Modi, boosted by his election victory, has set a...

  • Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB.

    Riza Aziz, the stepson of former Malaysian Prime Minister Najib Razak, is a co-founder of Hollywood production firm Red Granite Pictures.

  • GENEVA, July 4- The United States and 15 other countries launched a broadside of criticism at the European Union on Thursday, saying its "hazard-based" approach to regulating pesticides and other "critical tools" used by farmers was damaging livelihoods worldwide. Their statement, submitted to the World Trade Organization, said the EU's approach created great...

  • President Donald Trump reacts as he walks with the President of the European Council Donald Tusk (not pictured) after a meeting in Brussels, Belgium, May 25, 2017.

    The greenback fell Wednesday after Trump said in a tweet that the U.S. should match China and Europe's currency manipulation.

  • HONG KONG, July 3- Hong Kong's financial regulator has banned former Goldman Sachs banker Tim Leissner from re-entering the industry for life for his crimes linked to the multi-billion-dollar scandal at the Malaysian state investment fund 1 MDB. The sanction is latest for Leissner who has already been barred from the banking sector in the United States and...

  • *Singapore rapidly expanding landmass using sea sand. *Singapore imported $347 mln in sand from Malaysia in 2018. SINGAPORE/ KUALA LUMPUR, July 3- Malaysia, Singapore's biggest source for sea sand, has banned the export of the commodity, according to officials in Kuala Lumpur, a move that traders said could complicate the island-state's ambitious expansion plans...

  • LONDON, July 2- Emerging market central banks accelerated interest rate cuts in June, with policymakers rushing to trim benchmarks as major central banks including the U.S. Federal Reserve and the European Central Bank adopted a more dovish tone. DOMINICAN REPUBLIC- Policymakers cut interest rates by 50 basis points to 5% on June 30. https://bit.ly/2Jg2erB.

  • *Truce in U.S.- China trade war may offer little relief. TOKYO, July 1- Factory activity shrank in most Asian countries in June as the simmering U.S.- China trade conflict put further strains on the region's manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession. The United States and China agreed at the...

  • *EU is Vietnam's second-largest export market after U.S. Hanoi, June 30- The European Union signed a landmark free trade deal with Vietnam on Sunday, the first of its kind with a developing country in Asia, paving the way for tariff reductions on 99% of goods between the trading bloc and Southeast Asian country. It was signed in Hanoi between European Union Trade...

  • BEIJING, June 28- New restrictions on imports of scrap metal into China come into force on Monday, nearly two years after Beijing told the World Trade Organization it would stop accepting shipments of solid waste as part of a sweeping campaign against "foreign garbage". **China is restricting imports of eight further types of scrap metal from Monday July 1,...