Asia Top News and Analysis Malaysia

  • PARIS, June 18- AirAsia Group has decided to convert 253 orders for Airbus' A320neo planes to the larger A321neo model, making AirAsia the world's largest customer for the A321neo, but is not yet ready to order the new longer-range version. "The change will enable the airline to offer higher capacity in response to ongoing strong demand across its network," Airbus...

  • NEW YORK, June 17- The U.S. dollar was modestly lower on Monday on weak economic data, but remained near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy meeting. Broader currency markets were quiet, as traders hesitated to put on large positions before the Fed's two-day...

  • Cash dollars

    The U.S. dollar was roughly unchanged on Monday, hovering near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy meeting.

  • TOKYO, June 17- The dollar held near a two-week high against its major rivals on Monday ahead of a crucial U.S. While strong U.S. retail sales on Friday reduced the already-low chance of an easing this week and lifted the dollar, investors are betting Fed Chairman Jerome Powell would leave the door open to future rate cuts in light of increasing economic strains.

  • A People's Liberation Army Navy fleet  — including the aircraft carrier Liaoning, submarines, vessels and fighter jets —takes part in a review in the South China Sea on Apr. 12, 2018.

    China has rejected Philippine allegations that a Chinese fishing vessel abandoned 22 Filipinos after it sank their boat in the South China Sea, as pressure builds on President Rodrigo Duterte to take a tougher line.

  • LONDON, June 14- Debate has erupted within South Africa's ruling African National Congress party about whether to widen the role of the central bank to encompass job creation and economic growth alongside its existing remit of ensuring price stability. Ahead of the South African Reserve Bank's three-day monetary policy committee meeting next month,...

  • KUALA LUMPUR, June 12- Malaysia's palm oil stockpiles at the end of May dropped 10.3% from the previous month to 2.45 million tonnes, industry regulator the Malaysian Palm Oil Board said on Wednesday. Production in May rose 1.3% month-on-month to 1.67 million tonnes. Exports climbed 3.5% from April to 1.71 million tonnes last month, according to the MPOB data.

  • An advertisement for the ride-hailing application Grab displayed at a taxi stand in Singapore

    The co-branded credit cards are launched to boost its Asian customer base by about 13% via partnerships with digital firms, a senior Citi executive said.

  • *Prelude seals Australia as world's top LNG exporter. MELBOURNE, June 11- Royal Dutch Shell on Monday shipped the long-awaited first cargo of liquefied natural gas from its massive Prelude floating LNG plant off northwest Australia, sealing the nation's position as the world's top exporter of the fuel. Prelude's start-up marks the end of a $200 billion LNG...

  • OTTAWA, June 10- Canada plans to ban some single-use plastics like straws, bags and cutlery by early 2021 to reduce non-recyclable waste and protect the world's oceans, Canadian Prime Minister Justin Trudeau said on Monday. Less than 10% of plastic used in Canada gets recycled, and Canadians will throw away an estimated C $11 billion worth of plastic materials...

  • OTTAWA, June 10- Canada plans to ban some single-use plastics like straws, bags and cutlery by early 2021 to reduce un-recyclable waste and protect the world's oceans, Canadian Prime Minister Justin Trudeau said on Monday. Canada's move follows one by the European Parliament, which voted earlier this year to ban several single-use plastic products, and recent...

  • China's President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.

    Nomura economists found that the U.S. and China, in order to avoid elevated tariffs, have cut down importing certain goods from each other.

  • WASHINGTON, June 3- The Trump administration has moved ahead with a surveillance drone sale to four U.S. allies in the South China Sea region as acting Defense Secretary Patrick Shanahan said Washington will no longer "tiptoe" around Chinese behavior in Asia. The Pentagon announced on Friday it would sell 34 ScanEagle drones, made by Boeing Co. to the governments...

  • SRI LANKA- The central bank cut its key interest rates by 50 basis points on May 31, as widely expected, to support its faltering economy as overall business and consumer confidence slumped following last month's deadly bomb attacks. TAJIKISTAN- The central bank reduced the refinancing rate to 13.25% from 14.75% on May 31. ANGOLA- Angola's central bank cut its...

  • Malaysia doesn't want to choose between US and China: Defense minister

    Liew Chin Tong, Malaysia's deputy defense minister, says the country is "very clear" that it doesn't want to choose sides in the U.S.-China dispute. It instead wants form "constructive relationships" with both sides and other "middle powers," he says.

  • *Activity contracts in Japan, S.Korea, Malaysia, Taiwan. In China, Asia's economic heartbeat, the Caixin/Markit Manufacturing Purchasing Managers' Index showed modest expansion at 50.2, offering investors some near-term relief after an official gauge on Friday showed contraction. PMIs were below the 50- point mark separating contraction from expansion in...

  • *Activity contracts in Japan, S.Korea, Malaysia, Taiwan. In China, Asia's economic heartbeat, the Caixin/Markit Manufacturing Purchasing Managers' Index showed modest expansion at 50.2, offering investors some near-term relief after an official gauge on Friday showed contraction. PMIs were below the 50- point mark separating contraction from expansion in...

  • *Activity contracts in Japan, S.Korea, Malaysia, Taiwan. In China, Asia's economic heartbeat, the Caixin/Markit Manufacturing Purchasing Managers' Index showed only modest expansion at 50.2, but output growth slipped, factory prices stalled and businesses were the least optimistic on production since the survey series began in April 2012.

  • PASIR GUDANG, Malaysia/ JOKHABAD, India, May 31- W hen local investigators scoured a riverbed in southern Malaysia for clues in a chemical dumping case that hospitalized over one thousand people earlier this year, they found a cocktail of toxins, including a colorless liquid commonly secreted when tires are recycled. That led environment officials and police to...

  • *Malaysia had threatened to not renew license. Mahathir's comments remove the uncertainty that had been hanging over the future of Lynas' $800 million plant after Malaysia halted the process for renewing its license because of waste disposal concerns. Their importance to global supply chains was underlined this week after China, the world's biggest...