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PETALING JAYA: AirAsia X Bhd (AAX) has clocked another quarter of losses as it undertook an impairment of assets worth RM5.28bil, in accordance with accounting standards.
WELLINGTON: New Zealand has projected faster economic growth and smaller deficits in its annual budget, allowing prime minister Jacinda Ardern to boost efforts to tackle inequality even as the government keeps a lid on debt.
JAKARTA: Indonesian Finance Minister Sri Mulyani Indrawati proposed to parliament a budget deficit of 4.51%-4.85% of gross domestic product for 2022, as well as potential new taxes to increase revenue amid improving economic conditions.
KUALA LUMPUR (Reuters) - Long-haul budget airline AirAsia X Bhd reported a record loss for the first three months of the year and its eighth quarterly loss in a row as the coronavirus pandemic devastated demand for air travel.
Indonesia's government proposed to parliament on Thursday a shakeup in tax policy, including introducing new levies, to help it boost next year's revenues while reducing the budget deficit, the country's finance minister said.
TOKYO: Japan’s economy shrank more than expected during the first three months of the year, raising the possibility of a double-dip recession as the country struggles to contain infections and speed up its vaccine rollout.
Moody’s Investors Service expects Malaysia's growth prospects to remain strong and it forecasts GDP to rebound by between 5% and 5.5% this year.
MGB Bhd is expected to achieve strong revenue and earnings growth over the next two years, at least, backed by its "Rumah Idaman” affordable home projects.