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  • Astro Malaysia Holdings

    Home shopping venture boosts pay-TV provider's earnings

    KUALA LUMPUR -- Astro Malaysia Holdings' net profit swelled 23% on the year to 138 million ringgit ($37 million) in the fourth quarter through Jan. 31. The leading pay-TV operator cited higher revenue and subscribers, along with income from a new on

    March 30, 2015 08:22 pm JST
  • Malaysia's startup scene

    Government stokes entrepreneurial fires

    KUALA LUMPUR -- Two days after giving up a well-paid job and five-year career as a management consultant, Daniel Lim is getting to grips with a Web app framework at a developer boot camp. This, he hopes, will be the first step toward success in the

    March 30, 2015 07:00 pm JST
  • Lee Kuan Yew

    Mahathir saddened by his longtime rival's death

    KUALA LUMPUR -- Mahathir Mohamad, Malaysia's prime minister for more than 20 years, has written that Southeast Asia lost a strong leader with the passing of Lee Kuan Yew. In a blog entry entitled, "Kuan Yew and I," Mahathir said he is saddened b

    March 27, 2015 08:55 pm JST
  • CIMB to find buyers

    Malaysian government-owned fund to sell off power company

    KUALA LUMPUR -- State investment fund 1Malaysia Development, or 1MDB, plans to sell its energy business and use the cash for operational expenses and to repay loans. CIMB Group Holdings announced that the finance ministry, which owns 1MDB, has h

    March 27, 2015 07:40 pm JST
  • Taxes made simple

    Malaysia, India gear up for GST

    NEW DELHI -- After years of delay, Malaysia and India are taking decisive steps toward overhauling their tax systems. The two countries hope the introduction of a goods and services tax will boost economic growth while simplifying taxation procedur

    March 26, 2015 01:00 pm JST
  • Public Bank

    Malaysian bank expands in Vietnam

    KUALA LUMPUR -- Public Bank announced on Wednesday that it has been granted permission to acquire the other half of VID Public Bank, its subsidiary in Vietnam, for $76.6 million. The State Bank of Vietnam, the central bank, is allowing VID Publi

    March 26, 2015 12:10 am JST
  • The rise of halal tourism

    KUALA LUMPUR -- Malaysia's Muslims are more adventurous travelers these days. They are becoming more frequent visitors to China, Japan, South Korea and Taiwan -- all destinations with very small Islamic populations. For a long time many such touris

    March 26, 2015 12:00 am JST
  • ASEAN accelerates regional banking integration

    KUALA LUMPUR -- Southeast Asian banks will be able to operate more freely across the region due to a landmark agreement on banking integration. The move will pave the way for greater access to loan facilities across ASEAN's 10 member states and prom

    March 26, 2015 12:00 am JST
  • Malaysia Airports Holdings

    Air hub operator exits Delhi International

    KUALA LUMPUR -- Malaysia Airports Holdings is selling its entire 10% stake in Delhi International Airport for $79 million. The airport operator says it wants to realize the value of its investment in the Indian capital's main international airport a

    March 25, 2015 04:50 pm JST
  • Building a safer future

    18 Asian cities embrace disaster-resilience standard

    Forty-seven cities -- 18 in Asia -- have agreed to implement a new international standard aimed at promoting sustainable development. Called ISO 37120, the standard provides definitions, methodologies and indicators for steering and measuring the qu

    March 25, 2015 01:00 pm JST
  • SapuraKencana Petroleum

    Drilling and energy services lead to 28% profit jump

    KUALA LUMPUR -- Malaysia's SapuraKencana Petroleum's net profit grew 28% to 1.433 billion ringgit ($389 million) in the fiscal year through Jan. 31. The surge was largely driven by the company's drilling and energy services division, which included

    March 24, 2015 06:40 pm JST
  • IHH Healthcare

    Malaysian hospital group acquires 51% of India's Continental

    KUALA LUMPUR -- Malaysia's premier hospital operator IHH Healthcare announced Monday that its wholly-owned subsidiary Gleneagles Development has acquired 51% stake in India's Continental Hospitals for 167 million ringgit ($45 million). Opened in

    March 24, 2015 01:59 pm JST
  • Preserving freshness

    New services ship perishable foods from Japan to Asia

    TOKYO -- Logistics giants in Japan are adding new shipping services to other parts of Asia amid growing popularity of Japanese food. Nippon Express will launch a refrigerated service Friday from Tokyo to Port Klang, near the Malaysian capital of

    March 24, 2015 04:57 am JST
  • Malaysia's Najib pays tribute to Singapore's Lee Kuan Yew

    KUALA LUMPUR (Kyodo) -- Malaysian Prime Minister Najib Abdul Razak expressed sadness over the death of Singapore's longest-serving Prime Minister Lee Kuan Yew early Monday, hailing his achievements in developing the resource-scarce city-state into a

    March 23, 2015 12:08 pm JST
  • Aladdin D. Rillo and Ganeshan Wignaraja

    ASEAN reform is a matter of survival

    At their upcoming summits in April and November, leaders of the Association of Southeast Asian Nations know they must create a new road map to realize an ASEAN Economic Community that extends beyond 2015. Over the last decade, important progress has

    March 22, 2015 01:00 pm JST
  • Malaysia stocks

    Overseas-minded medical companies getting a boost

    SINGAPORE -- Malaysian companies doing business in the medical field and actively looking to expand overseas are seeing their stocks rise notably. The Kuala Lumpur Composite Index edged down to 1,803.65 Friday amid a mixed showing for Asian stoc

    March 21, 2015 01:24 am JST
  • $200 billion by 2022

    India, ASEAN need to reduce barriers if trade goal is to be reached

    NEW DELHI -- India wants greater engagement with Southeast Asia's 10-member economic bloc and is calling for "a special effort" to take annual India-ASEAN trade to $200 billion by 2022. Considering the current figure is pegged at around $80 bill

    March 19, 2015 08:40 pm JST
  • Flymojo takes a bow

    Another airline to join Malaysia's battered aviation sector

    KUALA LUMPUR -- A new startup says it is set to compete against ailing Malaysian Airlines and AirAsia. Flymojo is to be based in both Johor Bharu, the southern city that borders Singapore, and Kota Kinabalu, on the island of Borneo, in East Mala

    March 19, 2015 07:35 pm JST
  • Biogas from palms

    Kubota taps Malaysian power market to boost equipment sales

    OSAKA -- Kubota is entering the electricity business in Malaysia as a way to promote greater sales to the region's palm oil producers of equipment for waste-liquid processing and power generation. The Japanese company introduced a proprietary me

    March 19, 2015 03:58 am JST
  • Declining Asian currencies

    Successive interest rate cuts fuel slide

    JAKARTA/KUALA LUMPUR -- Asia's currency markets have been rocked by a string of surprise interest rate cuts, as central banks in the region made adjustments in hopes of boosting growth. Yet for some, weak currencies are raising concerns that the cut

    March 19, 2015 12:00 am JST