KUALA LUMPUR, Feb 18 (Reuters) – Nazir Razak, the chief
executive of Malaysian bank CIMB, says his country is
“at a crossroads” ahead of elections that his brother, the prime
minister, must call within weeks. The same can be said of his
A $3.7 billion Asia expansion by CIMB, aiming where others
have failed to build a regional powerhouse by tapping
fast-growing markets, is running into stiff headwinds from
competition, rising costs and capital constraints.
KUALA LUMPUR, Feb 5 (Reuters) – Chinese firms will invest
more than $1.6 billion to build steel, aluminium and palm oil
processing plants and expand a port in a new industrial zone on
the Malaysian east coast, Malaysia announced on Tuesday.
The Chinese spending is part of total joint investments of
10.5 billion ringgit ($3.5 billion) expected by 2020 in the new
Kuantan Industrial Park as Beijing moves to deepen its ties with
the Southeast Asian nation.
KUALA LUMPUR, Jan 21 (Reuters) – Malaysian stocks suffered
their biggest drop in 16 months on Monday as investors woke up
to the risks of what is expected to be the Southeast Asian
country’s closest national election.
Speculation that Prime Minister Najib Razak would call the
election has been swirling as far back as 2011, but his window
for going to the polls is narrowing fast ahead of an April 28
deadline for dissolving parliament.
KUALA LUMPUR (Reuters) – Malaysian economist Azrul Azwar gave a presentation in Singapore last week that cost him his job.
His analysis, outlining risks for investors from a narrow election victory for Malaysia’s opposition, was reported by a Malaysian online news site as a prediction the long-ruling Barisan Nasional (BN) coalition government would fall this year.
KUALA LUMPUR, Jan 9 (Reuters) – Malaysia’s Axiata Group Bhd
, Asia’s third-largest mobile services group outside
Japan and China by subscribers, is eyeing deals in Bangladesh,
Indonesia and Sri Lanka, but reckons getting into Myanmar will
be “very tough”, CEO Jamaludin Ibrahim said in an interview.
Axiata, valued at close to $19 billion and with a cash pile
of $2.8 billion, is expanding in the fast-growing Asian telecoms
sector as Jamaludin nips at the heels of Southeast Asian market
leader Singapore Telecommunications Ltd and India’s
Bharti Airtel Ltd.
MANILA (Reuters) – The gathering had the air of a post-mortem. About 100 executives and government officials listened quietly as Guillermo Luz poked holes in the Philippines’ fairytale economic revival.
Luz, head of the Philippines’ National Competitiveness Council, projected a deck of slides onto two pull-down screens that showed the fast-growing Philippine economy slipping in the World’s Bank’s “Ease of Doing Business” index to 138 out of 185 countries, near Tajikistan and Sudan.
MANILA, Dec 19 (Reuters) – The gathering had the air of a
post-mortem. About 100 executives and government officials
listened quietly as Guillermo Luz poked holes in the
Philippines’ fairytale economic revival.
Luz, head of the Philippines’ National Competitiveness
Council, projected a deck of slides onto two pull-down screens
that showed the fast-growing Philippine economy slipping in the
World’s Bank’s “Ease of Doing Business” index to 138 out of 185
countries, near Tajikistan and Sudan.
KUALA LUMPUR (Reuters) – When Malaysia’s ruling party gathered for a tub-thumping pre-election rally last week, Prime Minister Najib Razak delivered a stern behind-the-scenes warning: don’t repeat the mistake of Mitt Romney.
Just as the U.S. Republican presidential candidate’s over-reliance on older, white voters lost him last month’s election, so could the dependence of the United Malays National Organization (UMNO) on rural, ethnic Malay voters, Najib told delegates at the assembly, according to a senior party insider.
PHNOM PENH/BEIJING (Reuters) – When U.S. President Barack Obama and more than a dozen leaders arrived in Cambodia for a regional summit meeting this week, only one of them was feted with banners strung from the venue gates.
“Welcome Prime Minister Wen Jiabao!” one proclaimed. “Long live the People’s Republic of China!” read another.
PHNOM PENH (Reuters) – Japan warned on Monday that a row over the South China Sea could damage “peace and stability” in Asia as China stalled on a plan to ease tensions and disagreements flared between the Philippines and Cambodia over the contentious territorial issue.
The acrimony provided an uneasy backdrop to U.S. President Barack Obama’s arrival in the Cambodian capital Phnom Penh for a regional summit. He is expected to urge China and Southeast Asian nations to resolve the row over the South China Sea, one of Asia’s biggest security issues.