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WITH the recent approval to AirAsia X’s (AAX) 49%-owned associate Thai AirAsia X from Thailand’s aviation regulator to commence operation, MIDF Research said it expects shorter gestation period and some initial start-up losses with its local brand awareness and focus on matured service routes. The next step, it said, would be application for operating permit and slots for its intended service routes.
PETALING JAYA: Merger and acquisition (M&A) activities in Malaysia’s plantation and water sectors are expected to accelerate, on the back of improving macro-economic conditions and confidence.
BANGKOK: Indonesian shares rose almost 1 percent on Wednesday after better-than-expected GDP growth for the fourth quarter, while Thai shares gave up some earlier gains as the continuing political uncertainty sparked late profit-taking.
SYDNEY: Echo Entertainment Group Ltd chief executive John Redmond announced his retirement on Wednesday just over a year into the job, leaving the Australian casino operator to fend for itself in a turf war against Crown Resorts Ltd.
SYDNEY: Top global oil trader Vitol SA has agreed to buy Royal Dutch Shell’s Australian refinery and petrol stations for about US$2.6bil in its biggest acquisition, looking to grab a share of a growing oil product market.
WHEN Bank Negara hosted a media briefing on Wednesday for the release of its 2013 annual report, there was naturally quite a number of overnight policy rate (OPR)-centric questions.