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Malaysia News Headlines

Malaysia Fund's Debts Make Defending Ringgit Tougher
“The ringgit is vulnerable to the near-term outlook for oil prices. A weaker currency is a concern for Malaysia because it pushes up the cost of servicing the second-highest external debt burden among Asia’s developing nations. Further losses in the ringgit may hasten an investor exodus from Malaysian assets and hurt the government’s efforts to rein in its budget deficit. The ringgit has tumbled ...(2/27/2015 3:11:06 AM)
Malaysia willing to work with Singapore on regional oil pricing
Malaysia is willing to work with Singapore to become part of a regional oil pricing area, including offering land for storage the island state lacks, the head of a Malaysian state body coordinating a major new oil hub said. Despite being an oil and gas exporter, Malaysia lacks sufficient storage and refineries to allow it to act as a pricing hub like Singapore, Europe's ARA hub (Amsterdam ...(2/27/2015 3:29:05 AM)
DIARY - Malaysia
+ ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS FRIDAY, FEBRUARY 27 KUALA LUMPUR- Release of January 2015 Money Supply Data at 1700 (0900 GMT) KUALA LUMPUR- Release of Detailed ...(2/26/2015 7:28:01 PM)
Malaysia's 1MDB faces fresh debt payment test
HONG KONG/KUALA LUMPUR, Feb 27 (Reuters) - Malaysia's debt-laden state fund 1MDB faces a fresh test of market confidence in coming weeks when a bond coupon payment falls due. 1Malaysia Development Bhd (1MDB), a property-to-energy fund whose advisory board is chaired by Prime Minister Najib Razak, has built debt of nearly 42 billion ringgit ($11.73 billion) to build a portfolio of power plants ...(2/26/2015 11:25:15 PM)
Malaysia's CIMB Q4 profit slumps 76 pct on impairment losses
CIMB Group Holdings Bhd , Malaysia's second-largest lender by assets, reported a 76 percent drop in fourth-quarter net profit on Friday, its lowest in about nine years, dragged by slower revenue and a sharp increase in provisions. CIMB also gave a cautious outlook for its main markets of Malaysia and Indonesia for 2015, emphasising control on expenditure. "Costs will be a primary focus and we ...(2/27/2015 6:39:26 AM)
Oil price slump threatens Malaysia's oil ambitions
A collapse in oil prices is making it harder to attract investment in the next phases of a plan to build one of Asia's biggest energy hubs on Malaysia's southernmost tip, a development estimated to be worth over $50 billion. The Pengerang Integrated Petroleum Complex (PIPC) aims to help Malaysia compete with Singapore to become the region's top oil and petrochemicals hub, but the local ...(2/26/2015 4:24:34 PM)
Malaysia sovereign fund plans $279 mln "social impact" sukuk
Malaysia's $40 billion sovereign wealth fund Khazanah Nasional plans to issue a sukuk worth up to one billion ringgit ($279.17 million) to help fund schools, its managing director said on Thursday. Speaking to Reuters on the sidelines of an Islamic finance event in London, the fund's head Azman Mokhtar said the planned "social impact sukuk" is awaiting regulatory approval from Malaysian ...(2/26/2015 4:46:54 PM)
Malaysia well-positioned to benefit from AEC, says Khairy
KUALA LUMPUR : Malaysia is well-positioned to benefit from the ASEAN Economic Community (AEC), which has a population of over 600 million people and a combined gross domestic product of US$2.3 trillion, says Sports and Youth Minister Khairy Jamaluddin.(2/26/2015 9:38:01 AM)
DIARY-Malaysia 2015 corporate earnings
Following is a list of release dates for the quarterly earnings of some top Malaysia-listed companies. All dates are confirmed except those marked by a "T", which means it will be released around ...(2/26/2015 7:28:14 PM)
Malaysia, Indonesia to share intelligence to combat IS threat
KUALA LUMPUR: Malaysia and Indonesia agreed to cooperate and share intelligence information, besides monitoring the movements of members of the Islamic State (IS) militant group who have fought in Syria and Iraq, as well as the social media. Defence Minister Datuk Seri Hishammuddin Hussein said Malaysia and Indonesia's role in this was important and critical as together, both countries had the ...(2/26/2015 3:14:30 AM)
Source: Yahoo