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  • MMC's net profit up 7.4% in first quarter

    KUALA LUMPUR -- MMC Corp., a Malaysian diversified infrastructure and utilities conglomerate, said on Monday that net profit improved 7.4% year on year to 55 million ringgit ($13 million) in the first quarter of the year due to growth in its power g

    May 30, 2017 12:08 am JST
  • Hong Leong Financial Group posts 32.9% jump in quarterly earnings on strong income

    KUALA LUMPUR (Nikkei Markets) - Hong Leong Financial Group, the flagship financial services arm of Malaysian tycoon Quek Leng Chan, said Monday net profit surged 32.9% in the fiscal third-quarter from a year earlier, helped by higher contribution fr

    May 29, 2017 07:30 pm JST
  • YTL scores 24.4% net profit jump in third quarter

    KUALA LUMPUR -- YTL Corp.'s net profit jumped 24.4% year on year to 286 million ringgit ($67 million) in the third quarter ended March 31, lifted by its utilities and management services business.Revenue grew a modest 2.7% to 3.7 billion ringgit, pa

    May 26, 2017 10:41 pm JST
  • Mahathir laments Proton sale amid positive sentiment

    KUALA LUMPUR -- Former Prime Minister Mahathir Mohamad says he has shed tears over the sale to China of nearly half Proton Holdings, the Malaysian national carmaker that he founded in 1983. "I am sad," he wrote in a blog on Thursday. "Proton can n

    May 26, 2017 10:34 pm JST
  • Malaysia Airlines' passenger traffic grows 13% in Q1

    KUALA LUMPUR -- Malaysia Airlines said Friday that growth accelerated in the first quarter of 2017 on the back of increased capacity.The national flag carrier, which is undergoing a turnaround with the aim of becoming profitable in 2018, said passen

    May 26, 2017 09:06 pm JST
  • Geely underlines global ambitions in wake of Proton deal

    HONG KONG -- Top management of the listed arm of Zhejiang Geely Holding said they hope to turn the carmaker into a global player, just a day after its parent company announced a deal to acquire a 49.9% stake in Malaysia's struggling Proton Holdings.

    May 26, 2017 01:12 am JST
  • AirAsia to add 29 planes to meet robust demand

    KUALA LUMPUR -- AirAsia intends to add 29 planes this year in an aggressive pace of expansion to meet growing demand, the region's largest budget carrier by fleet size said in a filing to the stock exchange Thursday.Growth will also be accelerated b

    May 25, 2017 10:42 pm JST
  • Axiata on track to meet annual aims despite 35% drop in first quarter profit

    KUALA LUMPUR (Nikkei Markets) - Axiata Group, Malaysia's largest telecom company by revenue, said Thursday it will likely achieve its annual financial targets even after first quarter net profit fell 35% from a year earlier following heavy write dow

    May 25, 2017 09:07 pm JST
  • Maybank's Q1 net profit up 19% on increased loans

    KUALA LUMPUR -- Malayan Banking, or Maybank, said on Thursday that improved lending activity and lower impairment losses lifted earnings in the first quarter of 2017.Net profit rose 19% year on year to 1.7 billion ringgit ($398 million), while net i

    May 25, 2017 08:36 pm JST
  • Asian companies shine in Forbes Global 2000

    TOKYO -- Chinese banks topped the list and a slew of Asian corporations were featured in the Forbes Global 2000 ranking of the world's largest and most powerful public companies, reflecting the region's growing economic clout.Industrial and Commerci

    May 25, 2017 02:30 pm JST
  • Company in focus: Hong Kong's MTR gets praise abroad but criticism at home

    HONG KONG Long before any talk of belts and roads, MTR looked beyond the territory for expansion.But it was not until recently that the monopoly operator of Hong Kong's profitable metro system said it wanted to do business in Southeast Asia. With a

    May 25, 2017 10:00 am JST
  • Geely joins China's charge into Asian auto markets

    BANGKOK -- Chinese automakers are launching a fresh challenge in Southeast Asia, undeterred by the failure of more established players to gain a solid foothold in markets traditionally dominated by Japanese brands.About 3.2 million cars were sold in

    May 25, 2017 05:00 am JST
  • Geely vows to safeguard Proton as Malaysia's 'national car'

    KUALA LUMPUR -- Zhejiang Geely Holding Group is buying nearly half of DRB-Hicom's stake in Proton Holding, Malaysia national automaker, beating out two other bidders to secure a foothold in Southeast Asia.The deal also reflects the growing political

    May 25, 2017 01:30 am JST
  • CIMB on track to meet key annual targets after record quarterly profit

    KUALA LUMPUR (Nikkei Markets) - CIMB Group Holdings is on track to achieve its key financial targets for 2017, Malaysia's second largest banking group by assets said Wednesday after first quarter net profit touched a record-high amid improving regio

    May 24, 2017 07:24 pm JST
  • China's Geely acquires 49.9% of Malaysia's Proton

    KUALA LUMPUR -- DRB-Hicom said Wednesday it will sell a 49.9% stake in Proton Holdings, its fully owned automaker, to China's Zhejiang Geely Holding Group. In the deal, Geely also gets Proton's 51% stake in Lotus, the British sports car maker.The an

    May 24, 2017 02:40 pm JST
  • Telekom Malaysia retains annual aims despite first quarter profit decline

    KUALA LUMPUR (Nikkei Markets) - Telekom Malaysia, a state-run fixed-line telecom operator, said Tuesday it remains on track to meet its annual financial targets after reporting a near 29% decline in first-quarter net profit mostly due to lower forei

    May 23, 2017 08:08 pm JST
  • Malaysia's AirAsia again tries to take off in Vietnam

    HANOI -- After failing three times, Malaysian discount air carrier AirAsia is once again trying to crack the growing, but well-protected, Vietnamese airline marketVietnam closely guards its airline market, dominated by state-run Vietnam Airlines and

    May 23, 2017 10:00 am JST
  • Top Glove's acquisitions seen to boost China access

    KUALA LUMPUR (Nikkei Markets) - Malaysia's Top Glove Corp plans to acquire two plants for a total 39 million ringgit ($9.06 million) in a deal that analysts said will give the world's largest rubber glove producer greater access to China.While the c

    May 22, 2017 08:03 pm JST
  • Company in focus

    Hong Kong's MTR is praised abroad for efficiency, but criticized at home

    HONG KONG -- MTR has been venturing abroad long before the Belt and Road Initiative was proposed by Chinese President Xi Jinping in 2013.But it was not until recently that the monopoly operator of Hong Kong's profitable metro system said it wante

    May 21, 2017 12:00 pm JST
  • IHH Healthcare's net profit nearly doubles on divestment gain

    KUALA LUMPUR (Nikkei Markets) - IHH Healthcare, Asia's largest listed hospital operator by market value, cautioned of rising costs after its first quarter net profit nearly doubled on year, helped by one-off gain from partial sale of a non-core asse

    May 19, 2017 11:04 pm JST