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  • Cyberattack on Malaysia Airlines

    Hackers hit ailing national carrier's website

    KUALA LUMPUR -- Malaysia Airlines' website was disabled Monday morning by a group of hackers calling itself the Lizard Squad. The same group claimed responsibility for last year's attacks on Sony's PlayStation network and Microsoft's Xbox Live onlin

    January 26, 2015 04:00 pm JST
  • Japanese engineering giant

    JGC wins LNG order in Malaysia

    TOKYO -- JGC, a major Japanese engineering company, has received an order to build facilities at a Malaysian liquefied natural gas complex. The order from state-owned oil giant Petronas is worth 60 billion yen ($502 million). JGC will take o

    January 26, 2015 01:05 am JST
  • The ECB effect

    Bond-buying program lifts Southeast Asian stocks to new heights

    JAKARTA -- Southeast Asian shares rose sharply Friday morning, with the European Central Bank's quantitative easing announcement making investors more inclined to take on risk. Indonesia's benchmark Jakarta Composite Index opened slightly higher

    January 23, 2015 01:00 pm JST
  • Kuala Lumpur redevelopment

    Debate heats up over 1MDB project

    A debate is intensifying in Malaysia over state-owned conglomerate 1Malaysia Development Berhad (1MDB)'s massive redevelopment project in the central part of Kuala Lumpur. 1MDB has come under fire, primarily for its optimistic outlook for t

    January 23, 2015 01:00 pm JST
  • Tenaga Nasional earnings

    Malaysian utility cautious despite strong first quarter

    KUALA LUMPUR -- Tenaga Nasional (TNB) net profit for September to November, the first quarter of its 2015 financial year which ends in August, swelled 34% year on year to 2.35 billion ringgit ($653 million), the power utility company reported on Thu

    January 23, 2015 07:40 am JST
  • Structural weakness

    Malaysia stocks' rebound curbed by unease over resource reliance

    SINGAPORE -- Core subsidiaries of state-owned oil giant Petronas led the rise of Malaysian stocks on Thursday as the slide in crude prices slowed, but recovery there remains weak compared with other Asian bourses due to concerns over the country's h

    January 23, 2015 05:09 am JST
  • Malaysia's TPP talks

    Trade minister won't budge on state-owned companies issue

    DAVOS, Switzerland -- The reform of state-owned companies in emerging countries can be a challenging prospect. That is what Malaysia faces, when it comes to meeting the requirements of the Trans-Pacific Partnership (TPP) free-trade agreement. Ma

    January 22, 2015 09:30 pm JST
  • District heating and cooling

    Mitsubishi Heavy eyes an urbanizing Southeast Asia

    TOKYO -- Mitsubishi Heavy Industries is developing control software to improve the energy efficiency of district heating and cooling systems, which link buildings together and pipe cold water and heat to them from a central source. The Japanese

    January 22, 2015 02:27 am JST
  • Effects of cheaper oil

    Price plunge a windfall for most -- but not all -- of Asia

    BANGKOK -- The sharp plunge in oil prices is generally being seen as good news for Asian economies, with the notable exception of Malaysia. As four out of the world's five top oil importers are in this region, a drastic fall in fuel costs is likely

    January 22, 2015 12:00 am JST
  • Oil pressures

    Slumping crude starting to hit Malaysian economy

    KUALA LUMPUR -- Investors are taking an increasingly critical view of the Malaysian economy amid fears that the major oil-exporting country might start running current-account and fiscal deficits at the same time due to the recent plunge in oil pric

    January 22, 2015 12:00 am JST
  • Nehru, Tang: Malaysia's big chance to help shape ASEAN's new era

    By the end of 2015, the ASEAN Economic Community is to be born -- and as the current chair of the Association of Southeast Asian Nations, Malaysia will be its presiding midwife. Using an elaborate scorecard, each of ASEAN's 10 members has been asked

    January 22, 2015 12:00 am JST
  • Life below $50

    The recent plunge in the price of crude oil to below $50 a barrel is testing the resilience of Asian economies. Many currencies in the region are sagging against the dollar, and stock indexes are suffering as well. Amid the dramatic changes in marke

    January 22, 2015 12:00 am JST
  • Slumping crude starting to hit Malaysian economy

    KUALA LUMPUR -- Investors are taking an increasingly critical view of the Malaysian economy amid fears that the major oil-exporting country might start running current-account and fiscal deficits at the same time due to the recent plunge in oil pric

    January 22, 2015 12:00 am JST
  • Commodities slide hits Southeast Asia

    TOKYO -- Crude oil's dramatic tumble is weighing down international prices of commodities, especially those produced in Southeast Asia, such as natural rubber and palm oil. Further taking a toll on such products is a flight of investor cash from the

    January 22, 2015 12:00 am JST
  • Stephen Grenville: Low oil prices provide a fleeting chance for reform

    If the global price of oil had jumped by 50%, there is little doubt that economic commentators would be calling it a disaster for world growth. The price has in fact fallen by more than 50% since last June, but this ray of good news has not yet pier

    January 22, 2015 12:00 am JST
  • AirAsia crash

    Indonesia imposes new rules ahead of accident findings

    JAKARTA -- With the cause of December's Indonesia AirAsia crash in the Java Sea still under investigation, Indonesia's transport ministry has responded to widespread safety concerns by pushing ahead with new aviation regulations. Two black boxes

    January 21, 2015 11:57 pm JST
  • Fallout from crude's slide

    Malaysia to cut spending 2% amid falling oil prices

    SINGAPORE -- Malaysia has decided to cut spending in 2015, as sinking oil prices drain the oil-producing country's coffers. Prime Minister Najib Razak, however, stressed in a speech Tuesday the country is not facing a crisis, as he tries to reas

    January 21, 2015 07:00 pm JST
  • Malaysia vehicle sales

    Slow growth expected again in 2015

    KUALA LUMPUR -- Last year, Malaysia's vehicle sales growth was slowed by uncertainties over a new tax system and stringent loan approvals. Now, amid expectations of slower economic expansion, the auto industry is forecasting the continuation of stag

    January 21, 2015 06:00 pm JST
  • Malaysia downturn

    Crisis, what crisis?

    KUALA LUMPUR -- In a live television address on Tuesday, Prime Minister Najib Razak said Malaysia is "not in crisis" but needs "proactive measures" to counter the changing economic environment that has caused the ringgit to fall 12% against the US d

    January 20, 2015 10:07 pm JST
  • Malaysia lowers 2015 GDP target to below 5.5%

    PUTRAJAYA, Malaysia (Kyodo) -- Malaysian Prime Minister Najib Abdul Razak announced Tuesday a slew of measures to cushion the economy from the pressure of falling oil prices, a weak currency and damage wrought by the worst flood disaster that hit th

    January 20, 2015 03:45 pm JST