Asia Top News and Analysis Malaysia

  • In 2018, South Korea imported 323.17 million barrels of crude from the kingdom, or 885,408 barrels per day, according to data from Korea National Oil Corp.. Saudi Aramco's chief executive told Reuters in November that it planned to expand its market share in Asia-- including China, India, Malaysia and Indonesia-- and Africa. Saudi Aramco said it plans to buy a stake of...

  • Chinese tech giant Alibaba, Thai conglomerate Siam Cement Group and Australian employment marketplace SEEK Group, participated in a funding round for GetLinks, headquartered in Bangkok, last year which raised "eight figures" in U.S. dollars, said the startup's co-founder, 26- year-old French-born Djoann Fal. The funding will help GetLinks set up local offices...

  • KUALA LUMPUR, Jan 26- Malaysia's securities regulator said on Saturday it was looking into the conduct of auditors of 1 Malaysia Development Bhd, a state fund that was wound up after losing billions of dollars in a scandal that erupted under the country's previous government. 1 MDB is the subject of money laundering investigations in at least six countries,...

  • Visitors look at a model of a bullet train designed by China at an exhibition on high-speed rail in Kuala Lumpur, Malaysia, on Jan. 16, 2017.

    Malaysia's economics minister said on Saturday the country will cancel its $20 billion East Coast Rail Link (ECRL) project with contractor China Communications Construction Co Ltd (CCCC).

  • Plastic bottles at a recycling and collection center in Pulau Ketam, an island off the coast of Selangor, Malaysia.

    China, once the world's largest importer of waste, stopped 24 types of scraps from entering its borders starting January last year. That move uprooted the global order in waste management and turned Malaysia into a new favored dumping ground.

  • Balance between economy and environmental

    Protecting the environment and economic development are not "mutually exclusive," and world leaders should think about creating a regulatory framework to achieve both, says Yeo Bee Yin, Malaysia's minister of energy, technology, science, environment and climate change.

  • A Go-Jek motorcycle taxi driver travels through traffic in Jakarta, Indonesia, on Saturday, Aug. 4, 2018.

    Indonesia's Go-Jek is in talks with Philippine authorities to get its ride-hailing service application reconsidered and hopes to be in the market soon, co-founder Kevin Aluwi said on Thursday.

  • *Output forecast at 20 mln T in Malaysia, 43 mln T in Indonesia. KUALA LUMPUR, Jan 24- Average palm oil prices are set to climb this year, a Reuters poll showed, buoyed by slowing output-growth in top producer Indonesia and by robust demand for the commodity which is used to churn out products ranging from chocolate to biofuels. Output in No.2 producer Malaysia will...

  • KUALA LUMPUR, Jan 24- Following are the results of a Reuters poll on palm oil's 2019 production and its benchmark prices on the Bursa Malaysia Derivatives Exchange. For a related story, see. *estimates by the Indonesia Palm Oil Association.

  • Alex Holmes of Capital Economics says Malaysia's central bank has "limited" policy options because cutting interest rates would put pressure on the country's currency.

  • **SEOUL- Bank of Korea holds monetary policy meeting to announce interest rates. ACCRA- Central Bank of Ghana announces interest rate decision. WARSAW- National Bank of Poland holds monetary policy council meeting.

  • 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.