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  • Malaysia reviewing diplomatic ties with North Korea

    KUALA LUMPUR -- The Malaysian government said on Friday it is reviewing diplomatic relations with North Korea in the light of evidence that the banned VX nerve agent was used to assassinate Kim Jong Nam, the older half-brother of the pariah communis

    February 24, 2017 11:47 pm JST
  • Genting shares touch 10-month high on robust earnings, dividend

    KUALA LUMPUR (NewsRise) - Shares of Malaysian gaming-to-plantation company Genting Bhd. rose to their highest level in 10 months on Friday, thanks to higher-than-expected dividend payment after fourth quarter net profit jumped more than three-fold o

    February 24, 2017 08:10 pm JST
  • AirAsia presses ASEAN to loosen ownership hurdles

    KUALA LUMPUR -- Malaysian budget airline group AirAsia has urged Southeast Asia's regional bloc to relax listing requirements so it can float the shares of a new holding company.AirAsia is a minority shareholder of associate airlines in Thailand, In

    February 24, 2017 04:27 pm JST
  • VX nerve agent used in Kim Jong Nam murder

    KUALA LUMPUR (Reuters) -- The estranged half-brother of North Korean leader Kim Jong Un was killed with a highly toxic chemical weapon known as VX nerve agent, Malaysian police said on Friday, citing a preliminary report.Kim Jong Nam died after bein

    February 24, 2017 10:40 am JST
  • Battle over family lineage seen behind Kim brother's murder

    SEOUL -- North Korean leader Kim Jong Un's obsession over the revered bloodline that goes back to his grandfather could explain the apparent assassination of his half brother in Malaysia.Numerous references to the "Paektu bloodline" can be found in

    February 24, 2017 05:10 am JST
  • France's PSA plots takeover offensive on stellar earnings

    PARIS -- Buoyed by strong financial results, French automaker PSA Group is actively pursuing acquisitions that would boost its profile in Europe and beyond, including potential deals for General Motors' German unit Opel and Malaysian automaker Proto

    February 24, 2017 03:27 am JST
  • Relative to identify Kim Jong Nam's remains, Malaysia police say

    KUALA LUMPUR -- The next of kin of Kim Jong Nam, the assassinated half brother of North Korean leader Kim Jong Un, will arrive in Malaysia by Saturday to help identify the body, local police said Thursday."It may be a child or relative who is [livin

    February 24, 2017 02:00 am JST
  • Geely set to launch 'connected' car brand in Shanghai

    HONG KONG -- China's Geely Automobile said on Thursday it would launch new car brand Lynk & Co. in Shanghai this April, as the carmaker seeks to woo young Chinese drivers with its new subscription and car-sharing model.The brand will hit the Chinese

    February 23, 2017 11:50 pm JST
  • Malaysia's IHH Healthcare hit by one-off costs

    KUALA LUMPUR -- IHH Healthcare, Asia's largest hospital operator by market capitalization, said on Thursday net profit for the fiscal year ended Dec. 31 dropped 34% to 612.4 million ringgit ($137.6 million).Revenue grew 19% to 10 billion ringgit, dr

    February 23, 2017 09:30 pm JST
  • Malayan Banking aims for higher return on equity

    KUALA LUMPUR (NewsRise) - Malayan Banking, Malaysia's largest banking group by assets, is targeting a return-on-equity of as much as 11% this year backed by stronger growth in economies in the Southeast Asia where it mostly operates, and aims to rai

    February 23, 2017 06:47 pm JST
  • Axiata Group swings to a loss, warns of challenging year ahead

    KUALA LUMPUR (NewsRise) -- Axiata Group, Malaysia's largest telecom company by revenue, swung to a net loss in the fourth quarter, slashed its dividend and warned that its performance this year would be vulnerable to growing competition and tax and

    February 23, 2017 06:18 pm JST
  • Pyongyang paints Kim Jong Nam killing as Seoul conspiracy

    SEOUL -- North Korea on Thursday accused South Korea of engineering a "conspiracy" in connection with the killing in Malaysia of Kim Jong Nam, the elder half-brother of its leader, Kim Jong Un.North Korea also denounced Malaysia for "blatantly viola

    February 23, 2017 02:21 pm JST
  • North Korean media reports death of leader's half-brother for first time

    KUALA LUMPUR (Kyodo) -- North Korea's official media on Thursday reported for the first time the death in Malaysia last week of Kim Jong Nam, the estranged half-brother of its leader, without naming him.A statement by the North's Korean Jurists Comm

    February 23, 2017 11:55 am JST
  • Company in focus: Philippines' Ayala comes full circle with its push into health care

    MANILA Before Ayala Corp. became an investment powerhouse, the 183-year-old group ran a drugstore as one of its first businesses. Now, as it accelerates its diversification efforts, the oldest Philippine conglomerate is going back to those origins b

    February 23, 2017 10:00 am JST
  • ASEAN wants to seal a South China Sea deal with Beijing this year

    BORACAY, Philippines The Association of Southeast Asian Nations hopes to soon reach a deal with China on a "framework" for a code of conduct in the South China Sea, though some bloc members appear more enthusiastic about the idea than others."We are

    February 23, 2017 10:00 am JST
  • NorthKorea says Malaysia is to blame for death of its citizen -- KCNA

    SEOUL (Reuters) -- North Korea said on Thursday Malaysia is to blame for the death of its citizen there last week and accused the Malaysian government of demonstrating "unfriendly attitude" under a scenario drawn up by South Korea.Malaysia had initi

    February 23, 2017 07:44 am JST
  • North Korea facing Southeast Asian rift after murder

    KUALA LUMPUR -- The killing of Kim Jong Nam, half brother of North Korean leader Kim Jong Un, is threatening Pyongyang's relationship with the Association of Southeast Asian Nations as well as its access to the greater international community.At a T

    February 23, 2017 07:00 am JST
  • Pyongyang looms large in killing as diplomat link emerges

    KUALA LUMPUR -- Malaysian police have added a North Korean diplomat to the list of suspects linked to the Feb. 13 death of Kim Jong Nam amid growing suspicions the killing was executed at Pyongyang's order.Three men are newly suspected of involvemen

    February 23, 2017 06:00 am JST
  • Police seek out North Korean diplomat in assassination case

    KUALA LUMPUR -- Malaysian police said on Wednesday they are seeking the cooperation of a North Korean Embassy employee and the country's flag carrier in the investigation into the assassination of Kim Jong Nam, the older half brother of North Korean

    February 22, 2017 10:00 pm JST
  • Telekom Malaysia aims to spend more amid faster revenue growth

    KUALA LUMPUR (NewsRise) - Telekom Malaysia expects revenue growth will gain pace this year, and the state-run fixed-line telecom operator also plans to raise capital spending to strengthen its service offerings, senior company executives said Wednes

    February 22, 2017 07:51 pm JST