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Islamic banking assets to top $3.4 trillion by 2018
Global Islamic banking assets with commercial banks are on course to exceed $3.4 trillion by 2018, fueled by growing economic activity in core Islamic finance markets according to specialists at EY’s...
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Philex Still Plans to Drill in Disputed Waters
A unit of Philippine firm Philex Petroleum Corp plans to start drilling two more wells in disputed waters in the South China Sea even without a partner and despite rising tensions with Beijing, its...
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CapitaLand’s stake in CapitaMalls Asia crosses 85%
SINGAPORE: CapitaLand has raised its stake in CapitaMalls Asia (CMA) to 85.2 per cent, bringing it closer to crossing the 90 per cent level that would enable it to delist its shopping mall arm. CMA is...
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Malaysia releases satellite data on missing jet
In this April 8, 2014 file photo, relatives of Chinese passengers onboard Malaysia Airlines Flight 370 offer prayers during a candlelight vigil for their loved ones at a hotel in Beijing, China. (AP...
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More than half the mobile phones in SEA are smartphones: Research
People using their smartphones at a BTS train station in Bangkok. (AFP/Nicolas ASFOURI) SINGAPORE: Smartphone sales continue to grow in South-East Asia, with 18 million units sold in the first three...
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New Map Boosts China’s Maritime Claims
China has unveiled a new official map of the country giving greater play to its claims on the South China Sea, state media said on Wednesday, making the disputed waters and its numerous islets and...
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Ascott Reit acquires Malaysia, China serviced residences for S$173.9m
SINGAPORE: Ascott Residence Trust, also known as Ascott Reit, announced on Monday (July 7) that it has entered into conditional agreements to acquire its first serviced residence in Kuala Lumpur,...
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CIMB reportedly eyes mega merger to form Malaysia’s biggest bank
The skyline of Kuala Lumpur, Malaysia. (AFP/Jimin Lai) KUALA LUMPUR: Malaysia’s second largest bank CIMB Group has secured central bank approval to commence merger talks with RHB Capital and Malaysia...
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2013 dengue outbreaks in Malaysia, S’pore associated with serotype switch
File photo of Aedes mosquitoes. SINGAPORE: The dengue virus surveillance joint effort between Malaysia and Singapore under the UNITEDengue (UNited In Tackling Epidemic Dengue) has shown that the 2013...
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Modi election points to India economy ‘turnaround’: ADB
File photo of Indian Prime Minister Narendra Modi. (AFP/Raveendran) HONG KONG: India’s economy shows promise of a “turnaround” following Narendra Modi’s election while Asian markets will likely ride...
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Malaysia to scrap RON95 petrol subsidy from Dec 1
File photo: Malaysian motorists line up for petrol at a petrol station in Klang, outside Kuala Lumpur. (AP Photo/LaJapai Seng Sin) KUALA LUMPUR: Malaysia on Friday (Nov 21) announced that from Dec 1,...
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Study says countries lost US$1 trillion to corruption in 2012
A global anti-corruption group says that nearly $1 trillion was illicitly drained from developing countries in 2012, representing a record level of corruption, money laundering and false trade...
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Philippines to get Frigates, Gunboats and Helicopters
Philippine navy cutter The Philippines aims to buy two frigates, two helicopters and three gunboats for deployment in the South China Sea where a territorial dispute with China has lent urgency to...
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Bulk Carrier Sinks off Vietnam, 18 Missing
Bulk Jupiter ship Bulk Jupiter departed Kuantan, Malaysia on December 30, 2014 at around 20:00 hours local time, with 19 crewmembers, all Filipinos, on board and about 46,400 mts of Bauxite in bulk,...
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Malaysia tackles obesity issues as health consciousness increases
AFP-Pix KUALA LUMPUR: The United States may be dubbed the “fast food nation”, but Malaysia is also struggling with a similar problem. Studies have suggested Malaysia is Southeast Asia’s most obese...
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Philippines, Vietnam Upgrade Unity Against China
The Philippines and Vietnam are forging closer ties in a symbolic move after China stepped up activities in disputed areas of the South China Sea, raising tension in the potential flashpoint. China...
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Chemical Tanker Goes Missing off Malaysia
MT Sun Birdie The Information Fusion Centre Singapore has requested that ships keep a look out for a missing vessel by the name of MT SUN BIRDIE. The owner has lost communication with vessel since...
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Chinese Ship Rams Philippine Fishing Boats
Scarborough Shoal The Philippines said on Wednesday that a Chinese coast guard ship had rammed three Philippine fishing boats in the disputed Scarborough Shoal area of the South China Sea last week and...
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DMG and Partners Securities renamed RHB Securities Singapore following...
File photo of a RHB Bank branch in Kuala Lumpur. (Photo: SHAMSHAHRIN SHAMSUDIN / AFP) SINGAPORE: Securities firm DMG and Partners Securities has been renamed RHB Securities Singapore, it announced on...
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Australia PM says to decide on China-backed bank membership soon
Australia’s Prime Minister Tony Abbott. (AFP/Mark Graham) SYDNEY: Australia expects to make a decision within weeks on whether it will seek to join the China-backed Asian Infrastructure Investment Bank...
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