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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.
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.
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.
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.