Malaysia News

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UPDATE 1-Malaysia's Khazanah posts 8.2 pct rise in 2017 portfolio value

KUALA LUMPUR, Jan 18 (Reuters) - Malaysia's sovereign wealth fund Khazanah Nasional Bhd said the value of its portfolio rose 8.2 percent last year, boosted by growth in core companies such as CIMB Group Holdings Bhd and utility group Tenaga Nasional Bhd. The state fund's portfolio value rose to 157

REUTERS - 2018-01-18 11:15:35

European move to ban palm oil from biofuels is 'crop apartheid' -Malaysia

KUALA LUMPUR, Jan 18 (Reuters) - Malaysia on Thursday criticised the European Union for backing a ban on the use of palm oil in biofuels, calling the move a protectionist trade barrier and a form of "crop apartheid". European lawmakers approved draft measures on Wednesday to reform the power market

REUTERS - 2018-01-18 03:36:19

Malaysia Stocks May Extend Winning Streak

(RTTNews) - The win streak has reached five sessions now for the Malaysia stock market, which has advanced almost 25 points or 1.3 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,830-point plateau and it inherits another positive lead for Thursday. The global for

BUSINESS INSIDER - 2018-01-18 00:30:10

Malaysia's Khazanah raises $320.8 mln in exchangeable sukuk

KUALA LUMPUR, Jan 18 (Reuters) - Malaysia's state investor Khazanah Nasional Bhd said on Thursday it has raised $320.8 million through a sukuk that is exchangeable into CITIC Securities Co Ltd's Hong-Kong listed H-shares. CITIC Securities, China's largest securities brokerage firm, will be Khazanah

REUTERS - 2018-01-18 03:42:11

Wilma! Malaysian sultan gets his own Flintstone car

KUALA LUMPUR (Reuters) - A Malaysian sultan, known for his love of cars, was this week given his very own car right out of history, but he won't be getting blisters on his feet driving it around. Sultan Ibrahim Sultan Iskandar, the ruler of the state of Johor, was given a working replica of the car

REUTERS - 2018-01-17 08:42:41

VEGOILS-Palm slumps to 3-week low on firm ringgit, weak demand

VEGOILS-Palm slumps to 3-week low on firm ringgit, weak demand * Palm down 1.2 pct in 2nd session of decline * Market also cautious over EU vote, weak related oils - trader * Palm may stabilise around 2,491 ringgit/tonne - technicals (Updates with closing prices) By Emily Chow KUALA LUMPUR, Jan 17 (

INVESTING.COM - 2018-01-17 11:00:17

Malaysia says it won't let politics derail Singapore train projects

SINGAPORE (Reuters) - Singapore and Malaysia vowed on Tuesday to push ahead with two ambitious rail projects linking the two countries as Malaysian Prime Minister Najib Razak played down political uncertainty ahead of a general election to be held this year. Najib and his Singapore counterpart, Lee


Malaysia's Najib criticizes Singapore ties under Mahathir

SINGAPORE - Malaysian Prime Minister Najib Razak praised his country's relationship with neighboring Singapore on Tuesday, but added a jibe for his closest rival in upcoming elections. "We believe in good relations with our neighbor, with Singapore, and we've proven that we can bring tangible benefi


China infrastructure plan can help Asia's growing cities: expert

KUALA LUMPUR (Thomson Reuters Foundation) - China's landmark "Belt and Road" scheme, which is ploughing billions of dollars into global infrastructure projects, could work hand-in-hand with efforts to help Asian cities meet the needs of their exploding populations, a regional resilience expert said.


Exposed: Lobbyists, Diplomats, Sycophants Are Flocking to Trump Hotels

A new report by watchdog group Public Citizen has unveiled dozens of politicians, companies, and entities associated with foreign governments that have paid Trump-branded properties in the past 12 months. Though President Trump kept financial interest in the Trump Organization when he moved into the


Malaysia Plans Special Court on Human Trafficking as Cases Soar

Malaysia is setting up a special court to tackle rising numbers of human trafficking cases, in a move welcomed by campaigners who said it would help deliver justice to victims. The Southeast Asian nation relies heavily on foreign domestic workers as well as laborers from countries including Indonesi


Malaysia-Singapore ties tested by high-speed rail contract

KUALA LUMPUR/SINGAPORE, Jan 15 (Reuters) - The leaders of Malaysia and Singapore are expected to discuss plans for a high-speed rail project linking their countries during summit talks on Tuesday, as a deadline to award the multi-billion dollar project nears. The high-speed rail valued by analysts


Southeast Asia's strongmen are looking forward to elections in 2018

Voters in Cambodia, Thailand, and Malaysia are all expected to go to the polls this year. But against a backdrop of increasingly authoritarianism in the region, one thing is likely to unite the upcoming elections: the political opposition has already been beaten. Leaders looking to further strengthe


Golf: Asia rally to stay one point clear of Europe in Malaysia

KUALA LUMPUR (Reuters) - Asia made a strong comeback after trailing early to split Saturday's EurAsia Cup foursomes with Europe as the hosts maintained a one-point lead over the defending champions going into the final day's 12 singles matches. Trailing 3 1/2-2 1/2 after Friday's fourballs, Thomas


Malaysia's Top Glove to Buy Aspion for MYR1.3 Billion -- Update

SHAH ALAM, Malaysia--Malaysia's Top Glove Corporation Bhd. (7113.KU) has inked a deal to buy one of the world's largest makers of surgical gloves by capacity for 1.37 billion ringgit ($345 million). Continue Reading Below Top Glove, which the world's largest gloves maker with a global market share


Abu Dhabi Fund Said to Weigh Options for $920 Million RHB Stake

Abu Dhabi sovereign fund Mubadala Investment Co. is exploring options for its stake in RHB Bank Bhd., Malaysia's fourth-biggest lender, including a possible sale, people with knowledge of the matter said. Mubadala has held informal discussions with potential advisers to seek suggestions on its 17.8


Why Malaysia's Opposition Picked an Old Foe as Its New Leader

PENANG, Malaysia - Facing a tricky general election later this year, on Sunday the political opposition in Malaysia named its candidate to head the government: Mahathir Mohamad, who was the country's prime minister from 1981 to 2003. The choice may seem curious. Mr. Mahathir is 92 years old. He is a


Mahathir Mohamad crops up again in bid to lead Malaysia - with Anwar on the same side

On January 8, former Malaysian prime minister Mahathir Mohamad announced his intention to contest the next general election, due sometime before August this year. In an unprecedented political turnaround, Mahathir is now leader of the alliance of opposition parties bidding to oust the incumbent, Na


Missing plane: U.S. firm uses its tech in new search for Malaysia Airlines jet

File photo: A Boeing 777 flaperon cut down to match the one from flight MH370 found on Reunion island off the coast of Africa in 2015, is lowered into water to discover its drift characteristics by Commonwealth Scientific and Industrial Research Organisation researchers in Tasmania, Australia, in t


Malaysia's CIMB to trim stakes in asset management JV with Principal Financial

KUALA LUMPUR, Jan 11 (Reuters) - CIMB Group Holdings Bhd will sell part of its stakes in two asset management joint venture units to U.S.-based partner Principal Financial Group for 470.3 million ringgit ($118.02 million). The second-largest bank in Malaysia by assets has agreed to divest 20 percen