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Tough turnaround for Malaysia Airlines

PETALING JAYA: Malaysia Airlines’ (MAS) new chief executive officer (CEO), Christoph Mueller (pic), in his first message to 20,000 employees has warned of massive cost cuts, as the chilling truth is that the airline’s cost has been 20% above that of its competitors.


Petronas the pick of engineering students

Survey reveals local companies dominate the list of ideal employers, with Petronas the No 1 choice for engineering students in 2015.


Moody's affirms Malaysia's A3 rating; outlook positive

KUALA LUMPUR: Moody's Investors Service has affirmed the government bond and issuer ratings of the Government of Malaysia at A3 while the outlook remains positive.

Business News

Oil market's bounce masks persistent risk in Malaysian debt

JAKARTA/KUALA LUMPUR: April was a good month for Malaysia's economy, one of the most deeply exposed to foreign debt in Asia, as a bounce in oil prices boosted foreign reserves and its currency rose the most in three years. But behind the good news lurks lingering danger.


MAS to customers: It is business as usual

PETALING JAYA: Christoph Mueller (pic), the chief executive officer of Malaysia Airlines, has assured customers that operations will continue even with the appointment of an administrator.


Co-op to help MAS staff look for jobs

KUALA LUMPUR: A co-operative will be set up to assist Malaysia Airlines (MAS) employees who will be laid off.


Lessons from CEOs

A NEW programme to be introduced at public universities will see students gathering knowledge first hand, from the likes of AirAsia group chief executive officer Tan Sri Tony Fernandes.


i-VCAP upbeat on ETFs

KUALA LUMPUR: i-VCAP Management Sdn Bhd is hopeful that local investors would eventually view financial instruments such as exchange traded funds (ETF) as a viable tool to gain sound exposure to the market.


Ringgit hits fresh 2009 low; Tenaga, PetChem weigh down KLCI

KUALA LUMPUR: Malaysia’s FBM KLCI closed down nearly 0.8% on Thursday, mirroring the weak investor sentiment in key Asian markets while the ringgit continued to lose ground against the US dollar.


Drawing on heritage

Activists speak about the role of art in heritage restoration.