Search results

Results 121 - 140 of 3702
  • Axiata shares rise to five-month high on M1 stake review, merger report

    KUALA LUMPUR (NewsRise) - Shares of Axiata Group surged to a five-month high on Monday as investors cheered the company's move to review its stake in Singapore unit as it seeks to sharpen focus on operations that promise healthier profit.Meanwhile,

    March 20, 2017 08:06 pm JST
  • Company in focus

    Malaysia's Sime Darby splits up palm oil kingdom to raise equity value

    KUALA LUMPUR -- Sime Darby, the world's largest plantation and palm oil producer, plans to split into three separate listed entities to promote future growth. The listing of plantation division, the core business of the Malaysian state-owned conglom

    March 18, 2017 03:00 pm JST
  • YTL Power's Jordan joint-venture secures financial closure for $2.1 billion project

    KUALA LUMPUR (NewsRise) - YTL Power International, the utilities arm of Malaysian conglomerate YTL Corp, said its three-way joint venture with Estonian and Chinese partners has secured financial closure for its $2.1 billion power project in Jordan.T

    March 17, 2017 08:39 pm JST
  • FT Confidential Research

    Malaysians believe it is a bad time to buy property

    Most respondents in the fourth quarter 2016 survey for the FTCR Malaysia Property Buying Sentiment Index said now was a bad time to buy property. The index fell 9.4 points quarter-on-quarter to 29.3.Respondents expect prices to continue to rise in t

    March 17, 2017 07:00 pm JST
  • Saudis sharpen Asian focus with $65bn China partnership

    DUBAI/BEIJING -- Saudi Arabia and China have inked $65 billion worth of deals and agreed to bolster security ties as the Middle Eastern kingdom scans Asia for partners to support an economic overhaul.Saudi King Salman met with Chinese President Xi J

    March 17, 2017 05:00 am JST
  • Malaysia's Tan Chong to expand Nissan sales network in Myanmar

    YANGON, SINGAPORE -- Malaysian automobile manufacturer and distributor Tan Chong Motor group will ramp up its presence in Myanmar, quintupling its network of dealerships to 15 by 2022.The group will offer vehicles from its partner Nissan Motor and a

    March 17, 2017 03:40 am JST
  • Australia's Bishop gives sermon to ASEAN on diplomacy

    MANILA -- Julie Bishop, the Australian foreign minister, called on the Association of Southeast Asian Nations on Thursday to heed a landmark arbitration court decision last year when a fresh code of conduct to handle territorial disputes in the Sout

    March 16, 2017 11:22 pm JST
  • Top Glove warns of challenges ahead as costly inputs drag profit lower

    KUALA LUMPUR (NewsRise) - Malaysia's Top Glove Corporation Thursday said it aims to improve its performance despite challenging business conditions in the months ahead even as higher input costs dragged its fiscal second-quarter net profit lower by

    March 16, 2017 08:46 pm JST
  • Asia braces for an energy M&A bonanza

    DENPASAR, Indonesia Merger and acquisition activity in Asia's energy sector will accelerate this year as crude oil prices stabilize and major Western oil producers seek to divest assets in the region, analysts say.Royal Dutch Shell announced plans i

    March 16, 2017 10:00 am JST
  • When politics get ugly, the beautiful game can help

    It was March 2008 and relations between the two Koreas were not exactly great. Yet, as I emerged from the Shanghai subway to arrive at Hongkou Football Stadium, there was something in the air -- and not just the smell wafting from the hot-pot restau

    March 16, 2017 10:00 am JST
  • Tea Leaves

    When politics get ugly, the beautiful game can help

    It was March 2008 and relations between the two Koreas were not exactly great. Yet, as I emerged from the Shanghai subway to arrive at Hongkou Football Stadium, there was something in the air -- and not just the smell wafting from the hot-pot restau

    March 16, 2017 10:00 am JST
  • Kim Jong Nam's identity confirmed with child's DNA

    Kuala Lumpur (AP) -- Malaysian police were able to confirm the identity of Kim Jong Nam, who was killed last month at Kuala Lumpur's airport, using a DNA sample from one of his children, Deputy Prime Minister Ahmad Zahid Hamidi said Wednesday.Zahid

    March 16, 2017 08:52 am JST
  • Palm oil price falling as Southeast Asian supply recovers

    TOKYO -- The international price of palm oil has been dropping notably, due to prospects of abundant supply from Southeast Asia and the declining prices of a substitute, soy oil.Palm oil is used in margarine and for deep frying, among other purposes

    March 15, 2017 11:39 pm JST
  • Malaysian palm oil futures rebound from five-month low, sharp gains limited

    KUALA LUMPUR (NewsRise) - Palm oil futures on Wednesday rebounded from a near five-month low, but feeble demand outlook and prospects of stronger output recovery could limit sharp gains, analysts said.The benchmark Crude Palm Oil Futures Contract on

    March 15, 2017 08:42 pm JST
  • Petronas prioritizes investment over dividend to state

    KUALA LUMPUR -- State-owned oil and gas operator Petronas said Tuesday it will allocate 60 billion ringgit ($13.5 billion) as capital expenditure in 2017 or 19% more than last year. Half of it is meant for upstream operations, as Petronas expects a

    March 14, 2017 09:50 pm JST
  • ASEAN businesses want clarity from Trump on trade

    KUALA LUMPUR -- Business groups in Southeast Asia are advocating the continuation of open trade policies, just as U.S. President Donald Trump looks to advance his protectionist agenda. More than anything, perhaps, companies across the Association of

    March 14, 2017 09:40 pm JST
  • Flubbed response to Kim's murder puts Malaysia in tough spot

    SINGAPORE -- A month after the killing of the half brother of the North Korean leader, Malaysia remains far from solving the gruesome murder as multiple missteps, coupled with a slow initial response, undercut its investigation.The good thing is tha

    March 14, 2017 11:25 am JST
  • North Korea suggests US, Seoul behind Kim Jong Nam assassination

    UNITED NATIONS -- The VX nerve agent suspected to have killed the half brother of North Korean leader Kim Jong Un could have come from the U.S. via South Korea, Pyongyang's deputy ambassador to the United Nations suggested Monday during a news confe

    March 14, 2017 07:05 am JST
  • Malaysia's January industrial output growth pace slows, lags view

    KUALA LUMPUR (NewsRise) - Malaysia's industrial production grew at a slower-than-expected pace in January, largely driven by higher manufacturing output, official data Monday showed.The industrial production index - which measures output from factor

    March 13, 2017 08:08 pm JST
  • Malaysia arrests five Filipinos for suspected Islamic State links

    KUALA LUMPUR (Reuters) -- Malaysian police said on Monday they had arrested seven people, including five Filipinos, for suspected links to the Islamic State militant group.The Southeast Asian nation has been on high alert since armed gunmen linked t

    March 13, 2017 02:41 pm JST