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World

Thailand in political limbo with vote re-runs seen in April

BANGKOK (Reuters) - Thailand's Election Commission said on Tuesday it would try to complete this month's disrupted poll in late April, leaving the country facing another two-and-a-half months in political limbo under a caretaker government with limited powers.

World

South Sudan marks new foreign policy chapter for China - official

BEIJING (Reuters) - China's efforts to help resolve a conflict in South Sudan mark a "new chapter" in Beijing's foreign policy that will seek to engage more in Africa's security, China's top envoy to the continent said.

Nation

High loans leading to rising bankruptcy

KUALA LUMPUR: Malaysians are taking up more loans than they can afford with their salaries, says Credit Counselling and Debt Management Agency's (AKPK) chairman Datuk Mohd Hanif Sher.

Business

Standard & Poor's sees tough operating conditions for banks in Southeast Asia

KUALA LUMPUR: Standard & Poor's expects banks in most Southeast Asian countries to face tougher operating conditions in 2014 on lower economic growth ahead and tighter credit conditions.

Business

UK extends mortgage aid scheme to Islamic Finance

LONDON: Britain's government sought to bolster London's position as a centre for Islamic finance on Tuesday by extending its 'Help to Buy' mortgage scheme to loans that comply with Islamic law.

Business

M'sia banks told to set minimum CA ratio at 1.2% of total loans

PETALING JAYA: Banks have been told to have a minimum collective assessment (CA) ratio of 1.2% by the end of next year, sending a strong signal to the industry to improve its standards of prudence.

Business

CIMB Research neutral on Malaysian banks, sees slower loan growth

KUALA LUMPUR: CIMB Equities Research remains Neutral on Malaysian banks given the risk of slower loan growth in 2014 though margin contraction could be milder while it keeps RHB Capital as its top pick.

World

Russia presses Ukraine on gas debts as leaders meet

BOCHAROV RUCHEI, Russia (Reuters) - Russia increased economic pressure on Ukraine on Saturday by drawing a link between disbursement of the next tranche of its $15 billion (9 billion pounds) aid package to Kiev with repayment of a hefty gas bill owed to Russian firms.

World

Leaked tapes underline EU-U.S. split over Ukraine sanctions

BRUSSELS (Reuters) - The leaked recording of senior U.S. officials dismissing the European Union's role in Ukraine may be deeply embarrassing but it has exposed a very real split between Brussels and Washington over how to handle Kiev.

Business

Robert Tan's PDZ in the limelight

LOW-PROFILE tycoon Tan Sri Robert Tan Hua Choon seems to be on a roll to unlock the values of some his listed companies. His modus operandi: the entry of new shareholders that bring with them new businesses.