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Pace of buying into Malaysian debt will likely slow after 12 months of strong interest amid downside risks
PETALING JAYA: AirAsia Group Bhd’s net loss narrowed to RM767.42mil in the first quarter ended March 31, although the budget airline remains bogged down by limited operations and over half a billion ringgit in losses from the depreciation of right-of-use assets and interest on lease liabilities.
KUALA LUMPUR (Reuters) - A first-quarter net loss at budget airline AirAsia Group Bhd narrowed 4.5%, primarily dragged down by depreciation in leased assets and interest on lease liabilities, a stock exchange filing on Thursday showed.
IJM Corporation Bhd posted net profit of RM431.68mil in the financial year ended March 31,2021 compared with RM250.59mil a year ago, mainly due to higher profit contribution from the group’s plantation division.
SINGAPORE: Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been the world’s stand out economic recovery.
SYDNEY: New Zealand will end next month the temporary foreign investment rules it adopted last year to prevent fire sales of distressed corporate assets during the coronavirus pandemic, it has said, citing a swifter than anticipated economic recovery.