The carrier, a barometer of the health of Asia's competitive airline industry, has come under pressure.
Energy
Brent crude was 0.86% higher to US$52.49 per barrel at 3.45pm.
Forex
Ringgit up 0.13% to 4.2740 versus the US dollar at 3.52pm.
Top foreign stories
Samsung leader Jay Y. Lee given 5-year jail sentence for bribery: The billionaire head of South Korea’s Samsung Group, Jay Y. Lee, was jailed for five years for bribery on Friday after a six-month trial over a scandal that brought down the president. Lee had paid bribes in anticipation of favours from then president Park Geun-hye, according to a landmark ruling by a Seoul court, which also found him guilty of hiding assets abroad, embezzlement and perjury. — Reuters
China’s JD.com invests in Indonesia’s Go-Jek amid SEA Asia push: JD.com Inc has invested in Indonesian ride-hailing startup Go-Jek, sources said, in the latest move by China’s second-largest e-commerce firm to tap growth in South-East Asian mobile-based services. Go-Jek, whose investors include global private equity firms KKR & Co LP and Warburg Pincus LLC as well as venture capitalist Sequoia Capital, has raised about US$100 million from JD.com, one of the sources said. — Reuters
Surge in air cargo demand adds heft to Asian airline earnings: A resurgence in air cargo demand is bolstering earnings at Asian airlines and is set to remain particularly robust all year, a boost for many carriers as fierce competition squeezes margins in their mainstay passenger operations. — Reuters
Australia says organised crime costing US$28b a year: Organised crime is costing Australia A$36 billion (US$28.43 billion) a year, the criminal intelligence authority said on Thursday. Money laundering was the main threat amid the rise of online banking and digital currencies, the Australian Criminal Intelligence Commission said in a report on organised crime in the country. — Reuters
Top local stories
AirAsia sells 50% stake in training JV for RM429.3m: AirAsia Bhd has sold its entire 50% stake in its joint venture with aviation training provider CAE for US$100mil (RM429.3mil) in a bid to focus on its core business. - StarBiz
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