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KUALA LUMPUR: AmInvestment Research retained its Hold call on CIMB Group Holdings with an unchanged fair value of RM3.10 a share after management provided further updates on the banking group on Tuesday.
The country extended a ban on international commercial flights and issuance of all types of visa until the end of November to contain the spread of coronavirus outbreak ahead of the general elections.The ban on foreigners entry through land borders will also be extended for another month, the Ministry of Transport and Communications said in a statement.
DUBAI: A plan to open up air travel between Dubai and London is ready and could be implemented once approved by the respective governments, according to the head of the emirate’s airport operator.
YANGON, Oct 27 (Bloomberg): Myanmar extended a ban on international commercial flights and issuance of all types of visa until the end of November to contain the spread of coronavirus outbreak ahead of the general elections.
SIBU: Sarawak government have been called to look into the possibility of a state-owned commercial airline.
Indonesia: Garuda terminates contracts of 700 workers amid low demand; Covid-19 cases surges to almost 400,000
JAKARTA, Oct 27 (Jakarta Post/ANN): National flag carrier Garuda Indonesia announced on Tuesday that it would terminate the contracts of at least its 700 employees by Nov. 1 as the airline struggles with low travel demand during the Covid-19 outbreak.
LONDON: BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and is weighing on fuel demand and refining profits.
Firefly Airlines will commence jet operations out of Penang beginning the first quarter of 2021. Firefly will be complementing sister company Malaysia Airlines in serving the leisure market.
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) says its filing of a RM78mil lawsuit against AirAsia X (AAX) will not derail the latter’s debt restructuring scheme.