Search results

Results 1 - 20 of 1039
  • CIMB Group

    Lender brings out the cost-cutting knives

    SINGAPORE -- CIMB Group Holdings, Malaysia's second-largest lender, finds itself trying to restructure through cost cuts. In 2014 it suffered through a rocky currency market, a called-off megamerger, and low oil and commodity prices that left its cl

    February 28, 2015 10:45 pm JST
  • App wars

    GrabTaxi off to fast start in Vietnam

    HO CHI MINH CITY -- Chuong Dang, a fashion designer in Ho Chi Minh City, has been using GrabTaxi since the Malaysia-based service entered Vietnam about a year ago. Like Uber, GrabTaxi makes it easy to hail a cab via a smartphone app. And unlike with

    February 28, 2015 09:40 pm JST
  • Petronas in red

    Slumping crude leads to first quarterly loss

    SINGAPORE -- Malaysian oil company Petronas on Friday reported a net loss for the three months ended Dec. 31 due to a drop in crude oil prices, spilling red ink for the first time since quarterly disclosures began five years ago. The state-owned

    February 28, 2015 05:53 am JST
  • DRB-Hicom

    Car promotion costs cut into profits at Proton parent

    KUALA LUMPUR -- Malaysia's DRB-Hicom, the parent company of automaker Proton, saw net profit plunge 94% on the year in the last three months of 2014. Lower car prices as well as higher taxation drove the quarterly profit down to 9.4 million ring

    February 27, 2015 07:00 pm JST
  • IHH Healthcare

    Hospital operator sees 20% jump in net profit

    KUALA LUMPUR -- Leading hospital operator IHH Healthcare had a 20% jump in net profit to 754 million ringgit ($210 million) in 2014. Revenue for the October-December quarter grew 9% to 1.93 billion ringgit, driven by higher inpatient admissions

    February 27, 2015 06:50 pm JST
  • QL Resources

    Fish paste helps generate 25% profit boost

    KUALA LUMPUR -- Malaysia's QL Resources, Asia's largest minced fish producer, posted a profit of 55.6 million ringgit ($15.3 million) for the last three months of 2014, up 25% from the corresponding period a year earlier. Higher sales of fish-based

    February 27, 2015 06:05 pm JST
  • Telekom Malaysia

    Amid profit squeeze, company bags broadband projects

    KUALA LUMPUR -- Malaysia's leading telecommunications company, Telekom Malaysia, logged an 18% year-on-year decline in net profit last year due to an absence of tax incentives. On the plus side, it recently won government orders for broadband infras

    February 27, 2015 09:45 am JST
  • AirAsia

    First quarterly net loss since 2008

    KUALA LUMPUR -- Malaysia-based AirAsia has recorded its first quarterly net loss since the third quarter of 2008, which it attributes to foreign exchange reversals and stiffer competition.A leading budget carrier in Asia, the airline posted a net lo

    February 27, 2015 12:28 am JST
  • Maybank

    Malaysian lender posts record net profit of $1.8B

    KUALA LUMPUR -- Malayan Banking, or Maybank, Malaysia's largest lender by assets, expects weaker loan growth in 2015 after posting record earnings last year. Net profit grew 2.5% to 6.72 billion ringgit ($1.8 billion) on revenue of 17.85 billion

    February 26, 2015 08:10 pm JST
  • Unified Southeast Asian market

    Majority of businesses optimistic about ASEAN economic integration: Survey

    TOKYO -- Nearly 80% of companies operating in the Association of Southeast Asian Nations see growth opportunities in the bloc's planned economic integration this year, shows a U.S. survey. However, almost half of the Indonesian businesses polled

    February 26, 2015 01:00 pm JST
  • Medical tourism

    Asia leads industry worth $55B

    TOKYO/BANGKOK -- Medical care used to be a primarily local affair. Today, it is an increasingly globalized business. Patients are traveling thousands of kilometers to get better or more affordable services than they can find in their own communities

    February 26, 2015 12:00 am JST
  • American hospitals ahead, at least in terms of market value

    BANGKOK -- U.S. medical companies are ahead of the pack, at least on the markets. Asian companies such as Malaysia's IHH Healthcare and Bangkok Dusit Medical Services of Thailand also rank high in terms of market capitalization. But American ope

    February 26, 2015 12:00 am JST
  • Medical tourism leaves local patients hurting

    BANGKOK/KUALA LUMPUR/PHNOM PENH -- As privately funded, high-tech hospitals spring up around Southeast Asia to care for well-heeled medical tourists, public health care facilities -- and their mostly local patients -- are being left behind. At 5

    February 26, 2015 12:00 am JST
  • Asia leads a medical tourism industry worth billions

    TOKYO/BANGKOK -- Medical care used to be a primarily local affair. Today, it is an increasingly globalized business. Patients are traveling thousands of kilometers to get better or more affordable services than they can find in their own communities

    February 26, 2015 12:00 am JST
  • Japan strives to share medical tech with rest of region

    TOKYO/BANGKOK -- Japanese medical equipment makers are striving to catch global leaders such as General Electric and Siemens in sales of specialized devices within Asia. A new medical ward slated for completion in 2018 at state-run Rajavithi Hos

    February 26, 2015 12:00 am JST
  • Yoshino, Morgan, Wignaraja: Why Asia needs more financial education

    In the aftermath of the global financial crisis of 2007-2008, financial literacy and financial education are gaining more attention around the world. There were sobering lessons, for example, in how the misselling of financial products contributed d

    February 26, 2015 12:00 am JST
  • Tejraj M. Aminabhavi: Eating our way to a healthier world

    A balanced diet is essential for not only providing energy and nutrients but also preventing disease. Changes in lifestyles and what we eat have greatly influenced human health, resulting in higher risks of noncommunicable diseases such as cancer, d

    February 26, 2015 12:00 am JST
  • Axiata Group has room for growth

    Malaysian telco investing $1.3B to boost data business in Asia

    KUALA LUMPUR -- The Axiata Group, Asia's leading telecommunications operator, is planning capital expenditures worth 4.8 billion ringgit ($1.3 billion) this year. The money will primarily be used to boost the group's data services. "We are going

    February 25, 2015 09:50 pm JST
  • Mixed blessing

    Cheap oil a boon for Southeast Asia -- with one exception

    SINGAPORE -- Oil prices will likely spiral to $31 per barrel by the end of the first quarter due to rising global oil inventories, according to Bank of America Merrill Lynch. This will be a mixed blessing for Southeast Asia. While most countries, in

    February 25, 2015 07:00 pm JST
  • Petronas Chemicals Group

    Malaysian company, BASF to build 2-EHAcid plant in Kuantan

    KUALA LUMPUR -- Malaysia's Petronas Chemicals Group and BASF of Germany will build Southeast Asia's first plant producing 2-Ethylhexanoic Acid (2-EHAcid), a material used in automotive lubricants and other industrial products. Construction of th

    February 24, 2015 06:02 pm JST