Edition:
India

Liz Lee

Exclusive: AirAsia X to revise $15.3 billion debt reform plan to expedite talks with creditors, say sources

29 Oct 2020

KUALA LUMPUR Malaysia's AirAsia X Bhd plans to revise its $15.3 billion debt restructuring plan to address concerns raised by a creditor as its cash is running out fast, people with direct knowledge of the matter said.

Exclusive: AirAsia X to revise $15.3 billion debt reform plan to expedite talks with creditors - sources

29 Oct 2020

KUALA LUMPUR Malaysia's AirAsia X Bhd plans to drop a local airport operator from its $15.3 billion debt restructuring plan to expedite discussions with creditors as its cash is running out fast, people with direct knowledge of the matter said.

Malaysia's anti-graft agency probes AirAsia's bank loan

28 Oct 2020

KUALA LUMPUR, Oct 28 The Malaysian Anti-Corruption Commission (MACC) has begun an investigation into a 300 million ringgit ($72.1 million) loan from Sabah Development Bank Bhd (SDB) to budget airline AirAsia Group Bhd , an officer of the agency said on Wednesday.

Large Southeast Asian listings have mixed debuts on outlook concerns

27 Oct 2020

KUALA LUMPUR/MANILA Shares in the Philippines' second-largest IPO and Malaysia's largest offering in more than three years had a mixed debut on Monday, as analysts pointed to expansion concerns in pandemic-hit markets.

Malaysia's Top Glove 'making improvements' in effort to reverse import ban: U.S. customs

23 Oct 2020

KUALA LUMPUR The world's largest medical glove producer, Top Glove Corporation , has been making improvements in its efforts to reverse an American import ban placed on two of its subsidiaries in July, U.S. authorities said on Friday.

Malaysia's Anwar says facing 'malicious' probe on list of backers for PM bid

17 Oct 2020

KUALA LUMPUR Malaysia's opposition leader Anwar Ibrahim on Friday said a police investigation into a list that purports to show lawmakers backing his bid for the premiership was a "malicious" attempt to pressure him into revealing the identities of his supporters.

Malaysia's king urges politicians to end uncertainty as power struggle drags on

16 Oct 2020

KUALA LUMPUR Malaysia's King Al-Sultan Abdullah on Friday called on politicians not to drag the country through more political uncertainty and urged them to resolve issues through negotiations and constitutional means.

China warns Asian countries to be vigilant on U.S strategy

13 Oct 2020

KUALA LUMPUR The Chinese government's top diplomat, State Councillor Wang Yi, on Tuesday urged Asian countries to remain "vigilant" over the risk of U.S. strategy stoking geopolitical competition in the South China Sea and other parts of the region.

Malaysia's Top Glove hires banks for potential $1 billion HK listing: sources

13 Oct 2020

KUALA LUMPUR/HONG KONG Malaysian rubber glove maker Top Glove Corp Bhd , riding a wave of demand generated by the coronavirus outbreak, has hired banks to arrange a Hong Hong listing that could raise at least $1 billion, two sources said.

Explainer: Malaysia Airlines' survival in doubt as political support dims

13 Oct 2020

SINGAPORE/KUALA LUMPUR Malaysia Airlines is struggling to make payments owed to creditors and lessors amid the coronavirus pandemic that has forced it to slash its operations.

World News