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  • Japanese-style eldercare to debut in Malaysia

    TOKYO -- The Japanese government and a nursing care company will team to offer senior care in a Kuala Lumpur suburb this fall as Tokyo targets a rapidly aging Asia.The Cool Japan Fund, a public-private entity, will provide financing needed to operat

    May 31, 2016 02:00 am JST
  • AirAsia receives $1bn offer for leasing unit

    KUALA LUMPUR -- AirAsia, Malaysia's largest low-cost airline by fleet size, said Monday that it has received an offer of about $1 billion for its aircraft leasing unit, Asia Aviation Capital."Someone offered us just short of $1 billion to buy [Asia

    May 30, 2016 11:20 pm JST
  • QL Resources

    Net profit shrivels 20% on El Nino conditions

    KUALA LUMPUR (NewsRise) -- QL Resources, a Malaysian poultry producer and food processor, said fiscal fourth-quarter net profit fell 20% on year, dragged down by lower prices of palm oil and eggs that offset gains in fish products exports.Net profit

    May 30, 2016 09:00 pm JST
  • Malaysian market wrap

    Shares slip on lackluster earnings season

    KUALA LUMPUR (NewsRise) -- Malaysian shares ended lower Monday, as tepid corporate earnings marred improving risk appetite that propped up other regional indexes.The nation's benchmark FTSE Bursa Malaysia KLCI fell 0.45% to 1,629.87 points. The inde

    May 30, 2016 07:30 pm JST
  • Future of Asia

    ASEAN plans fresh wave of market liberalization

    TOKYO -- The 10 members of the Association of Southeast Asian Nations are working on further steps to ensure the free flow of goods and services within the region and with the rest of the world, following the launch of the ASEAN Economic Community a

    May 30, 2016 03:33 pm JST
  • Future of Asia

    Regionwide free trade pact key for development -- Laos commerce minister

    TOKYO -- A regionwide free trade deal would benefit Asia by expanding market access, promoting specialization and expanding economies of scale, Laos' commerce minister told a conference here on Monday."China, Japan, and [South] Korea, as large econo

    May 30, 2016 03:30 pm JST
  • Malaysian market wrap: Shares end week higher as risk aversion eases

    KUALA LUMPUR (NewsRise) -- Malaysian shares ended higher for the week on improving risk appetite as investors grew more confident about the health of the world's largest economy.However, tepid earnings and persistent foreign outflows were a drag on

    May 27, 2016 07:21 pm JST
  • Maybank profit hit by bad-loan provisions

    KUALA LUMPUR -- Maybank, Malaysia's largest lender by assets, on Friday said its net profit for the first quarter declined 16% on the year to 1.43 billion ringgit ($350 million), due to higher provisions for bad loans.Interest income for the three m

    May 27, 2016 07:19 pm JST
  • Malaysia Airlines logs quarterly profit, warns of annual loss

    KUALA LUMPUR -- Malaysia Airlines announced a "marginally profitable" first quarter through March, thanks to low fuel prices and favorable market conditions. The national flag carrier, however, struck a cautious note concerning the rest of 2016.The

    May 27, 2016 06:17 pm JST
  • YTL Corp:Quarterly net profit slips, power business hurts

    KUALA LUMPUR (NewsRise) -- YTL Corp, Malaysia's property-to-utilities conglomerate, said its fiscal third-quarter net profit slipped 1.4% dragged down by weak performance of its power business and lower cement sales.Net profit for the three months e

    May 27, 2016 04:11 pm JST
  • New leaders can stem tide of democratic recession

    BANGKOK -- Amid a resurgence of autocratic regimes and the erosion of free speech in various parts of the world, civil society in Southeast Asia finds itself at a crossroads. The new leaders of Myanmar and the Philippines could hold the key to shapi

    May 27, 2016 04:10 pm JST
  • AirAsia profits up due to improved traffic, lower fuel price

    KUALA LUMPUR -- AirAsia, the region's largest budget carrier by fleet size, said on Thursday that net profit in the first quarter had gained 487% year-on-year to 878 million ringgit ($215 million) on higher passenger numbers and lower fuel costs.Rev

    May 26, 2016 10:33 pm JST
  • Indian hospitals boost IHH Healthcare earnings

    KUALA LUMPUR -- Malaysia's IHH Healthcare, Asia's largest hospital operator by market capitalization, reported on Thursday net profit growth of 37% year on year to 235.5 million ringgit ($58 million) in the first quarter.Revenue in the quarter surge

    May 26, 2016 09:13 pm JST
  • CIMB Group Holdings

    Quarterly net profit jumps, flags slower growth

    KUALA LUMPUR (NewsRise) -- CIMB Group Holdings, Malaysia's second-largest bank by assets, reported a 40% jump in first quarter net profit, thanks largely to lower operating costs and smaller provisions for bad loans.Net profit for the three months e

    May 26, 2016 09:04 pm JST
  • Malaysian market wrap

    Shares end almost flat as telecom weakness weighs

    KUALA LUMPUR (NewsRise) -- Malaysian shares ended little changed Thursday as the impact of a rally in crude prices to near seven-month highs was tempered by losses in telecommunication stocks and other select blue chips.The nation's benchmark FTSE B

    May 26, 2016 08:04 pm JST
  • Companies in focus: Pan-Asian budget carrier alliance may portend an industry shake-up

    SINGAPORE Never before have Southeast Asia's cities been so well-connected. Credit the expanding aviation industry, which seems to keep giving the region one new budget airline after another.But the skies have grown crowded and profits are being pin

    May 26, 2016 12:00 pm JST
  • Obama seals his legacy as a president who reshaped America's Asia policy

    U.S. President Barack Obama's decision to visit Hiroshima, where an American atomic bomb killed approximately 140,000 civilians in 1945, is more than a symbolic act. It will entrench Washington's updated relationship with Asia in both American and J

    May 26, 2016 12:00 pm JST
  • Guntur Sugiyarto: Professional mobility is the biggest challenge facing

    The launch of the ASEAN Economic Community at the end of 2015 marked a major milestone for the 10 members of the Association of Southeast Asian Nations. The AEC envisions the establishment of a single market and production base that should create be

    May 26, 2016 12:00 pm JST
  • Toyota's $488M plant in Malaysia

    KUALA LUMPUR -- Toyota Motor Corporation announced on Wednesday construction of a new joint-venture assembly plant for passenger vehicles to cater to increasingly affluent Malaysian motorists.The 2-billion ringgit ($488 million) plant will be built

    May 25, 2016 10:30 pm JST
  • Higher costs drag down Axiata's Q1 net profit

    KUALA LUMPUR -- Axiata Group, Malaysia's largest mobile company by sales, said on Wednesday that net profit declined 37% year-on-year to 368 million ringgit ($90 million) in the first quarter ended in March.It attributed the weaker earnings to highe

    May 25, 2016 09:30 pm JST