Kuala Lumpur Business News

Oil prices rebounded to near $77 a barrel Monday in Asia as panic about a global fallout from Dubai's debt problems abated. Benchmark crude for January delivery rose 63 cents to $76.68 at midday Singapore time in electronic trading on...

The Iskandar growth region in southern Johor is not expected to be affected by the Dubai debt crisis which jolted world financial markets on Friday. Mentri Besar Datuk Abdul Ghani Othman said this was because only one company from Dubai...

US light sweet crude for November delivery gained 55 cents to $71.43 a barrel, while Brent North Sea crude jumped 59 cents to $69.15. The rally in oil prices came after most global stock markets pushed up for a second...

AirAsia is set to be the most connected non-local airline in India with nine new destinations. Three new flights to the Indian cities of Kochi, Kolkata and Trivandrum were launched in Kolkata yesterday, adding to AirAsia’s existing destination of Tiruchirappalli,...

Malaysia has awarded a commercial bank license to Industrial and Commercial Bank of China, the country's biggest bank, Malaysia's central bank said on Friday. The announcement followed a bilateral agreement this month between the China Banking Regulatory Commission and Bank...

Consumer Product Safety Commission announced a voluntary recall of Newbury Travel Mugs due to a burn hazard...Group of Portland, Ore., can become excessively hot when filled with hot liquids, the commission said in a statement. The company has received one...

Malaysia's national carmaker, posted a 77 per cent jump in second quarter pre-tax profit to RM100.652 million (US$29.8 million) from RM56.608 million in the same quarter last year, thanks to better margins following the introduction of its multi-purpose vehicle, Exora....

Malaysia—Telekom Malaysia Bhd. said that it swung to a net profit in the third quarter from a loss a year earlier primarily because of the absence of foreign-exchange losses in the most recent quarter. The fixed-line operator returned to the...