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  • Interview

    ASEAN needs Schengen-like system: top Thai business school head

    BANGKOK -- If Southeast Asian countries want to make their common market more effectively function as a pan-regional economy, they should accelerate the free movement of people, according to the head of the region's top business school.In an intervi

    May 2, 2016 04:00 pm JST
  • Taiwan protests Malaysia's deportation of 32 Taiwanese to China

    TAIPEI (Kyodo) -- Taiwan protested Saturday after Malaysia deported 32 Taiwanese telecommunication fraud suspects to China, in an incident that mirrors Kenya's deportation of dozens of Taiwanese to China earlier this month that also sparked outrage.

    May 1, 2016 12:27 am JST
  • Astro Malaysia

    Partnering Globe Telecom in Philippines foray

    KUALA LUMPUR (NewsRise) -- Pay-TV operator Astro Malaysia Holdings is partnering Globe Telecom in its foray into Philippines as it seeks to expand its services in Southeast Asia.Astro plans to offer the so-called over-the-top video service, or OTT,

    April 29, 2016 08:14 pm JST
  • Malaysian market wrap

    Worst week since September on 1MDB default, BoJ policy

    KUALA LUMPUR (NewsRise) -- Malaysian shares recorded their worst week in seven months, turning the KLCI lower for the year, as a default by state fund 1Malaysia Development and Bank of Japan's status quo overshadowed a rally in crude oil prices.The

    April 29, 2016 07:30 pm JST
  • Malaysia Airports' profit dives 47.8% in latest quarter

    KUALA LUMPUR -- Malaysia Airports Holdings, the world's second-largest airport group by passenger count, said on Wednesday that its net profit declined 47.8% on the year in the quarter ended March, to 17 million ringgit ($4.35 million). The company

    April 28, 2016 09:20 pm JST
  • SapuraKencana Petroleum

    Seadrill exits company by selling 8.2% stake for $195 million

    KUALA LUMPUR (NewsRise) –Bermuda-based deep-water drilling contractor Seadrill said it has sold its entire stake in Malaysia’s largest oil and gas service provider SapuraKencana Petroleum for $195 million.Seadrill sold its remaining 490 million shar

    April 28, 2016 08:00 pm JST
  • Malaysian market wrap

    SapuraKencana drag shares down, BOJ policy weighs

    KUALA LUMPUR (NewsRise) -- Malaysian shares fell Thursday dragged down by big losses in SapuraKencana Petroleum and British American Tobacco Malaysia, and as Bank of Japan's decision to leave monetary policy unchanged weighed on risk appetite. The n

    April 28, 2016 07:42 pm JST
  • Tenaga Nasional

    Contracts for $537 million to secure long-term coal supply to Malaysia

    KUALA LUMPUR (NewsRise) -- Tenaga Nasional, Malaysia's state-run power producer and distributor, has signed five shipping contracts worth $537 million in a bid to secure long-term supplies of coal.The so-called affreightment contracts signed with fo

    April 28, 2016 01:14 pm JST
  • Longstanding Mahathir-Najib feud heating up

    SINGAPORE -- A political battle has been heating up in Malaysia between former Prime Minister Mahathir Mohamad and the country's current leader, Najib Razak.Mahathir, who held the reins for 22 years (1981-2003), has been ratcheting up criticism of N

    April 28, 2016 01:00 pm JST
  • As multinationals push into Asia, Asian companies are pushing out

    HONG KONG The fact that China is growing at its slowest pace in a quarter century has not discouraged foreign businesses from seeking opportunities in this part of the world. At the same time, Asian companies have been growing stronger for a long

    April 28, 2016 12:00 pm JST
  • Company in focus: Christoph Mueller's sudden exit leaves Malaysia Airlines in a tailspin

    KUALA LUMPUR The dramatic departure of CEO Christoph Mueller from Malaysia Airlines throws a wrench in the flag carrier's rehabilitation process -- and puts pressure on its sole shareholder, state investment fund Khazanah Nasional, to keep the sho

    April 28, 2016 12:00 pm JST
  • New framework to facilitate mutual fund sales across Asia-Pacific

    TOKYO -- Japanese financial institutions will be able to offer mutual funds in other Asian markets without undergoing often lengthy approval procedures under a proposed region-wide legal structure. Slated to come into effect around the end of 20

    April 28, 2016 02:50 am JST
  • New Indonesian football league faces uncertain future

    KUALA LUMPUR -- Indonesia's inaugural Soccer Championship is set to kick off on April 29, but the sport is grappling with a crippling international ban that could prevent some players and coaches from signing up. The championship will be played

    April 27, 2016 11:50 pm JST
  • Tenaga Nasional Q2 profit hit by customer rebate

    KUALA LUMPUR -- Tenaga Nasional, Malaysia's state-backed power producer, said on Wednesday that net profit fell 39% year-on-year to 1.32 billion ringgit ($820 million) for the second quarter ended in February due to a rebate it offered to consumers.

    April 27, 2016 11:00 pm JST
  • Malaysian market wrap

    Shares erase early losses on central bank governor nomination

    KUALA LUMPUR (NewsRise) -- Malaysian shares ended little changed, trimming early losses, and the ringgit rose for the first time in six sessions Wednesday, as investors cheered the appointment of central bank veteran Muhammad Ibrahim as its new gove

    April 27, 2016 10:23 pm JST
  • Muhammad Ibrahim appointed as governor of Malaysia's central bank

    KUALA LUMPUR (Kyodo) -- Muhammad Ibrahim, the current deputy governor of Malaysia's central bank, was named Wednesday as the new bank governor, replacing Zeti Akhtar Aziz who will retire on Saturday after 16 years at the helm. Prime Minister Naj

    April 27, 2016 09:58 pm JST
  • Malaysia's new top banker Muhammad has big shoes to fill

    KUALA LUMPUR -- Muhammad Ibrahim on Wednesday was appointed Malaysia's next central bank governor. His five-year term starts May 1. Muhammad is replacing Zeti Aziz, who will retire after 35 years with Bank Negara -- 16 of those as its chief. Now

    April 27, 2016 09:53 pm JST
  • Commentary

    George Magnus: Managing Asia's debt problem

    The Bank of Japan's interest rate setting meeting on April 28 is the focus of attention this week for many central bank watchers. For the rest of us, it is of fleeting significance: There is as much likelihood of monetary policy sparking a revival o

    April 27, 2016 07:00 pm JST
  • Widodo in 'host mode' affirms Jakarta's ASEAN commitment

    JAKARTA -- Indonesian President Joko Widodo was in a jovial mood on April 26 as he greeted a group of senior editors from Association of Southeast Asian Nations countries at his presidential palace and ushered them in to lunch. The buffet "worki

    April 27, 2016 03:00 pm JST
  • Moody's warns 1MDB default could weigh on Malaysia

    KUALA LUMPUR -- Moody's Investors Service said a Malaysian state fund's failure to pay the interest on a $1.75 billion bond has weighed on the country's liability and may dampen its efforts to rein in its budget deficit. State fund 1Malaysia Dev

    April 26, 2016 11:00 pm JST