Search results

Results 1 - 20 of 1831
  • Felda Global Ventures

    $680m Indonesia plantation acquisition aborted

    KUALA LUMPUR -- Felda Global Ventures, Malaysia's largest palm oil producer, has aborted plans to invest $680 million in Indonesia's PT Eagle High Plantations due to "current market conditions." State-controlled FGV said Monday it has halted the

    December 1, 2015 11:00 pm JST
  • Malayan Banking

    To foray into booming Chinese card payment business

    KUALA LUMPUR (NewsRise) -- Malayan Banking, Southeast Asia's fourth-largest bank by assets, will partner China UnionPay Merchant Services as it forays into China's rapidly expanding card payment collection market to boost wholesale business. The

    December 1, 2015 05:45 pm JST
  • Nikkei PMI

    Malaysia's factory activity hits record low at 47.0 in November

    TOKYO -- The Nikkei Malaysia Manufacturing Purchasing Managers' Index, or PMI dropped to 47.0 in November from October's 48.1. The reading declined to a record low since the survey started in July 2012. A reading above 50 indicates economic expa

    December 1, 2015 11:15 am JST
  • Climate summit starts in Paris aiming for global emissions deal

    PARIS (Kyodo) -- A U.N. climate change summit started in Paris on Monday aiming for a global agreement on curbing greenhouse gas emissions, with leaders from about 150 countries ready to inject fresh momentum into what are certain to be grueling two

    November 30, 2015 08:30 pm JST
  • Malaysian market wrap

    Shares gain in Nov. as 1MDB sale helps; ringgit gains for 2nd month

    KUALA LUMPUR (NewsRise) -- Malaysian shares eked out meager gains in November, but outperformed its regional peers, as the sale of troubled state-fund 1Malaysia Development's power assets to a Chinese consortium drove demand, even as imminent U.S. r

    November 30, 2015 08:13 pm JST
  • John McBeth

    So far yet so close to Paris, El Nino riles Indonesians

    As global leaders gathered in Paris on Monday for the United Nations-sponsored summit on climate change, matters at the heart of the summit and global rallies demanding action from leaders were playing out on the other side of the world, in rain-soa

    November 30, 2015 06:15 pm JST
  • AirAsia

    Eyeing Japan, carrier seeks to bring ex-Skymark officials aboard

    TOKYO -- AirAsia is courting two former top executives from fellow budget carrier Skymark as the Malaysian carrier plots a return to the Japanese market. Chairman Takashi Ide and President Masakazu Arimori left Skymark in late September after th

    November 28, 2015 06:00 am JST
  • Southeast Asian auto market

    October setback in new-car sales dents recovery prospects

    BANGKOK -- New-car sales in Southeast Asia's six major markets fell for the first time in three months, declining 0.5% in October from a year earlier to 271,902 vehicles. Steep declines in Indonesia and Thailand dragged down overall sales in the

    November 28, 2015 05:02 am JST
  • IHH Healthcare

    Malaysian hospital operator tumbles on weak earnings

    SINGAPORE -- IHH Healthcare slipped in Malaysia's stock market Friday after the multinational hospital operator reported significantly lower profit for the quarter ended September. The Kuala Lumpur-based corporation sank 2.13% from the previous

    November 28, 2015 02:00 am JST
  • Malaysian market wrap

    Shares, ringgit gain for week on 1MDB power asset sale, oil rebound

    KUALA LUMPUR (NewsRise) -- Malaysian shares and the ringgit rose for the second consecutive week, as sentiment improved on the back of an oil price rebound and sale of power assets by troubled state-run fund 1Malaysia Development to a Chinese consor

    November 27, 2015 10:21 pm JST
  • Axiata Group

    Net profit surges 40%; company warns of foreign exchange risk

    KUALA LUMPUR (NewsRise) -- Axiata Group, Malaysia's largest telecom company by revenue, said Friday its third quarter net profit surged 40% buoyed by gains from sale of some telecom towers and lower taxes, but warned it will miss annual financial ta

    November 27, 2015 09:16 pm JST
  • Genting

    Net profit edges higher but slowing China clouds business prospect

    KUALA LUMPUR (NewsRise) -- Malaysia's gaming conglomerate Genting reported a 2.4% increase in third-quarter net profit, but flagged risks of fewer high-rollers on its casino floors as a slowing China threatens to crimp flow of tourists who often flo

    November 27, 2015 07:30 pm JST
  • Asian summits

    Malaysia steers between superpowers

    KUALA LUMPUR -- It must have been through gritted teeth, but Malaysia's troubled Prime Minister Najib Razak affected a sanguine air when asked about his reaction to U.S. President Barack Obama's comments on the recent crackdown on dissent during the

    November 27, 2015 04:20 pm JST
  • Profit-growth leaders

    Asia's most dynamic companies go local to thrive

    BANGKOK -- The companies on our Asia300 list are not limited to just large, well-established players like traditional commercial banks and conglomerates. They also include younger businesses striving to make the most of their unique advantages, such

    November 27, 2015 10:00 am JST
  • Sime Darby

    Plantation giant says outlook bleak after poor first quarter

    KUALA LUMPUR -- Sime Darby, Malaysia's largest palm plantation company, has warned that weak commodity prices and volatile market conditions will continue to weigh on earnings, after its net profit fell by a third in the first quarter. The compa

    November 27, 2015 09:30 am JST
  • Southeast Asian economy

    Tepid consumption weighs on recovery

    MANILA -- Southeast Asian countries are struggling to put their economies back on a path of robust recovery as personal consumption loses steam and China's economic slowdown depresses exports. Gross domestic product in the region's five major ec

    November 27, 2015 07:05 am JST
  • AirAsia

    Slips into net loss on weak ringgit

    KUALA LUMPUR (NewsRise) -- Asia's largest budget airline by fleet AirAsia slipped into the red in the third quarter as borrowing costs swelled following the U.S. dollar's gain against the Malaysian ringgit. Net loss for the three months ended Se

    November 27, 2015 12:10 am JST
  • CIMB, Maybank

    Malaysian lenders' contrasting earnings reflect Indonesian units' performance

    KUALA LUMPUR -- CIMB Group Holdings and Malayan Banking (Maybank), the two largest Malaysian lenders, reported contrasting earnings, as the industry copes with slowing growth in key markets in the region. CIMB said Wednesday that its net profit

    November 26, 2015 10:30 pm JST
  • IHH Healthcare

    Net profit declines on foreign exchange losses

    KUALA LUMPUR (NewsRise) - Malaysia's IHH Healthcare, Asia's largest hospital operator by market value, said Thursday net profit fell 19% in the third quarter ended Sep. 30 as slump in Turkish lira eroded gains from stronger Singapore dollar. Net

    November 26, 2015 10:08 pm JST
  • Malaysian market wrap

    Shares snap 5-session gains on earnings caution

    KUALA LUMPUR (NewsRise) -- Malaysian shares fell for the first time in six sessions, declining marginally Thursday on caution ahead of a spate of corporate earnings and as investors took profits after the recent rally. The nation's benchmark FTS

    November 26, 2015 07:47 pm JST