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AirAsia withdraws magazine, says sorry for article boasting pilots will never lose a plane

KUALA LUMPUR, Malaysia - Southeast Asia's top budget carrier AirAsia on Saturday withdrew its latest inflight magazine and apologized for an offending article boasting that its well-trained pilots would never lose a plane. AirAsia Executive Chairman Kamarudin Meranun expressed "deep regret and remorse," saying the latest issue of "travel 3Sixty" magazine was printed before the Malaysia Airlines plane carrying 239 people disappeared March 8 while en route from Kuala Lumpur to Beijing.

Aguilera concert cancelled over Malaysia plane crash

A concert to mark Malaysia's Formula One Grand Prix weekend which was set to feature US star Christina Aguilera has been cancelled due to a passenger jet crash, its sponsor said Tuesday. State oil company Petronas, which sponsors the Mercedes F1 racing team and the annual concert, said it called off the show as "a sign of respect to the families and next-of-kin of the crew and passengers of flight MH370".

Malaysia Airlines shares lose 10% over missing jet

Malaysia Airlines shares lost 10 percent on Monday, the first trading day since the company was rocked by the weekend disappearance of a passenger jet with 239 people aboard. The shares were trading at 0.225 ringgit, or 10 percent lower, mid-morning on the Malaysian stock exchange. They opened down 16 percent at 0.21 ringgit from Friday's close of 0.25 ringgit and traded as low as 0.205 ringgit before recovering somewhat.

Malaysia Airlines shares lose 10% over missing jet

Malaysia Airlines shares lost 10 percent on Monday, the first trading day since the company was rocked by the weekend disappearance of a passenger jet with 239 people aboard. The shares were trading at 0.225 ringgit, or 10 percent lower, mid-morning on the Malaysian stock exchange. They opened down 16 percent at 0.21 ringgit from Friday's close of 0.25 ringgit and traded as low as 0.205 ringgit before recovering somewhat.

Malaysia's Petronas Q4 profit surges 45 percent

Malaysian oil giant Petronas said Tuesday its fourth quarter net profit jumped 45 percent on strong production, making 2013 "one of the best years ever" for the state energy firm. Net profit for the three months ending December 31 stood at 12.76 billion ringgit ($3.89 billion), up 45 percent from the same period in 2012, while revenue rose 10 percent to 84.8 billion ringgit. Overall the company's profit increased 10 percent to 65.59 billion ringgit for the last financial year compared to 2012. Revenue added 9 percent to 317.3 billion ringgit.

Malaysia's Petronas Q4 profit surges 45 percent

Malaysian oil giant Petronas said Tuesday its fourth quarter net profit jumped 45 percent on strong production, making 2013 "one of the best years ever" for the state energy firm. Net profit for the three months ending December 31 stood at 12.76 billion ringgit ($3.89 billion), up 45 percent from the same period in 2012, while revenue rose 10 percent to 84.8 billion ringgit. Overall the company's profit increased 10 percent to 65.59 billion ringgit for the last financial year compared to 2012. Revenue added 9 percent to 317.3 billion ringgit.

Genting Singapore, Chinese firm build $2.2 billion S.Korea casino

Casino operator Genting Singapore and Chinese property developer Landing International Development Ltd have teamed up to build a $2.2 billion casino resort in South Korea, the two companies announced Friday. The luxury resort will be constructed on Jeju Island, which lies off the country's southern coast, they said in a joint statement.

Malaysia's IOI property shares surge 25% in debut

Shares of Malaysian conglomerate IOI Corp.'s property business soared 25 percent on its trading debut Wednesday after the palm-oil producer raised 1.87 billion ringgit ($570 million) by spinning off the unit. IOI Properties Group Bhd shares closed at 3.15 ringgit, up from their 2.51 ringgit offer price, with IOI Properties Group one of the top property stocks on the Malaysian bourse. IOI has said it will use the proceeds from its listing for debt settlement and future expansion.

Malaysia's IOI property shares up 28 percent in debut

Shares of Malaysian conglomerate IOI Corp.'s property business rose 27.9 percent on their stock market debut Wednesday after the palm-oil producer raised 1.87 billion ringgit ($570 million) by spinning of the unit. IOI Properties Group Bhd shares opened 3.21 ringgit, up from their 2.51 ringgit offer price, with IOI Properties Group one of the top property stocks on the Malaysian bourse. IOI has said it will use the proceeds from its listing for debt settlement and future expansion.

Genting to spend $3-4 billion in Las Vegas in push for U.S. gaming empire

By Siva Sithraputhran KUALA LUMPUR (Reuters) - Genting Bhd, Southeast Asia's biggest gaming group, will spend an initial $3 billion to $4 billion to develop an unfinished resort on the Las Vegas strip, as it seeks to build a U.S. empire of casino and leisure assets. The Malaysian company is seeking to expand in the United States as the world's largest economy starts to recover, and as various states relax restrictions ranging from casino licenses to online gambling.
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