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  • Issues over racial division lie in wait for Mahathir's government

    TOKYO -- About two weeks on from the first change of power in independent Malaysia, the new ruling coalition Pakatan Harapan, or Alliance of Hope, led by Prime Minister Mahathir Mohamad, is set to abolish the country's unpopular goods and services t

    May 23, 2018 02:30 pm JST
  • Meet the 5 brains behind Malaysia's Mahathir-nomics

    KUALA LUMPUR -- Malaysian Prime Minister Mahathir Mohamad knew whom he would recruit as advisers long before winning the May 9 election, as the 92-year-old leader approached some of his closest lieutenants -- most of whom served during his first sti

    May 23, 2018 12:10 pm JST
  • Axiata swings to 1Q loss As India business drags

    KUALA LUMPUR (Nikkei Markets) -- Axiata Group, Malaysia's largest mobile phone company, slipped into the red in the first quarter weighed by the losses in its India unit and warned that a further delay in the merger of its associate company in the s

    May 22, 2018 09:22 pm JST
  • Najib questioned for 4 hours over 1MDB

    KUALA LUMPUR -- Malaysia's anti-corruption commission is building a case against former Prime Minister Najib Razak over funds he allegedly misappropriated and will need just "one or two more important witnesses" to complete the story, chief of the a

    May 22, 2018 08:38 pm JST
  • Nikkei Asia300 Index falls as investor focus shifts to Fed minutes

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Tuesday as investors await the U.S. Federal Reserve's May meeting minutes.The Nikkei Asia300 Index declined 0.3% to 1,403.45. The index traded in a less than four points range before settling l

    May 22, 2018 08:34 pm JST
  • Singapore, Malaysia shares fall as investors shun risk

    SINGAPORE (Nikkei Markets) -- Singapore and Malaysia shares drifted lower Tuesday along with most Asian stock markets as investors begin to doubt trade ceasefire between the world's top two economies.The Straits Times Index fell 0.2% to 3539.61, whi

    May 22, 2018 08:08 pm JST
  • Asia's war on 'fake news' raises real fears for free speech

    JAKARTA -- With nothing more than a WhatsApp message, Indonesia's government in early May made its position on "fake news" clear: zero tolerance.For a few days, media reports had been circulating about a decision to issue visas to Israelis, citing t

    May 22, 2018 02:00 pm JST
  • Petronas Chemicals' 1Q net profit falls on forex loss

    KUALA LUMPUR (Nikkei Markets) -- Petronas Chemicals Group, the petrochemical arm of Malaysia's national oil-and-gas company Petronas, said Monday its net profit dropped 17.8% in the first quarter from a year ago due to foreign exchange loss and one-

    May 21, 2018 08:44 pm JST
  • Singapore shares gain amid Asian rally, Malaysia falls

    SINGAPORE (Nikkei Markets) -- Singapore shares rallied Monday along with the rest of Asia as investors drew comfort after U.S. and China softened import tariff threats against each other, while announcing intent to work out details of a wider deal.

    May 21, 2018 08:17 pm JST
  • Nikkei Asia300 Index rises as US-China trade worries cool

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose on Monday, as worries over a potential Sino-American trade war eased after the two nations agreed not to impose import tariffs on each other for now.The Nikkei Asia300 Index rose 0.3%

    May 21, 2018 08:12 pm JST
  • Mahathir faces new challenges in second stint as prime minister

    KUALA LUMPUR -- Malaysian Prime Minister Mahathir Mohamad officially began his second stint in office on Monday, with a different set of circumstances from his first time in the post.In July 1981, Mahathir, then 56 years old, inherited a largely sta

    May 21, 2018 07:32 pm JST
  • Mahathir reins in Najib with 1MDB special investigation team

    KUALA LUMPUR -- Malaysian Prime Minister Mahathir Mohamad, who began his second stint in office Monday, is accelerating investigations into the state fund 1Malaysia Development Berhad founded by former Prime Minister Najib Razak, who is accused of s

    May 21, 2018 06:09 pm JST
  • Malaysia ex-PM Najib and wife attack police over corruption probe

    KUALA LUMPUR (Reuters) -- Malaysia's scandal-hit former leader Najib Razak and his wife hit out at the media and police on Saturday, after investigators seeking evidence of corruption were filmed seizing box loads of jewellery, luxury handbags and c

    May 19, 2018 07:17 pm JST
  • Alibaba out to dominate mobile pay in Southeast Asia

    BANGKOK/SINGAPORE/SHANGHAI -- The Southeast Asian market for mobile payment services is undergoing an upheaval, with Chinese e-commerce giant Alibaba Group Holding at the center of the tumult.The group is backing Thai conglomerate Charoen Pokphand's

    May 19, 2018 12:57 pm JST
  • With TPP ratification in sight, Abe raises banner of free trade

    TOKYO -- The reworked Trans-Pacific Partnership trade agreement moved a little closer to enactment after a nod from Japan's parliament Friday, a boost to multilateralism as a counterweight to the increasingly self-interested U.S. and China.Japan's l

    May 19, 2018 05:35 am JST
  • Malaysia's core cabinet to be sworn in Monday

    KUALA LUMPUR -- The Malaysian government on Friday announced a line-up of 13 key ministers, who will comprise the core cabinet, as Prime Minister Mahathir Mohamad undertakes the first change of administration since independence in 1957. The minister

    May 18, 2018 10:00 pm JST
  • Malaysia stocks eke out weekly gains, Singapore equities fall

    KUALA LUMPUR (Nikkei Markets) -- Malaysia shares held onto weekly gains while Singapore stocks slipped as investors remained cautious amid ongoing trade disputes between the U.S. and China.The FBM KLCI index ended relatively unchanged at 1,854.50 on

    May 18, 2018 09:14 pm JST
  • Nikkei Asia300 little changed as traders eye US-China trade talks

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan were little changed on Friday, as investors stayed on the sidelines ahead of the outcome of a meeting on trade between the U.S. and China.The Nikkei Asia300 Index edged 0.1% lower to 1,403.

    May 18, 2018 08:26 pm JST
  • Malaysian anti-graft body summons ex-PM in probe on former 1MDB unit

    KUALA LUMPUR (Reuters) -- A Malaysian anti-graft body has summoned ex-premier Najib Razak to give a statement about an investigation involving a former unit of state fund 1Malaysia Development Berhad (1MDB), two sources at the body told Reuters.A me

    May 18, 2018 07:39 pm JST
  • Mahathir expedites 1MDB probe before forming cabinet

    KUALA LUMPUR -- The Malaysian government has stepped up its probe into the scandal-hit state fund 1Malaysia Development Berhad, forming a special investigation team and raiding properties linked to former Prime Minister Najib Razak.The move comes ah

    May 18, 2018 12:24 pm JST