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Politicians returning to chair government-controlled entities are raising concerns
SINCE coming into power in March, the Perikatan Nasional (PN) government, led by Prime Minister Tan Sri Muhyiddin Yassin, has set off a wave of boardroom changes at state-owned institutions and corporations.
PETALING JAYA: The World Bank has outlined three ways the Malaysian government can finance the additional fiscal measures to soften the impact of Covid-19, given its expected shortfall in revenue and constraints relating to its statutory limits.
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its ratings of MARC-1IS/AA-IS on UEM Edgenta Bhd’s Sukuk Murabahah programme of up to RM1bil.
PETALING JAYA: Malindo Air is ceasing all flights this month and asking 70% of its staff to take no-pay leave. That involves over 3,400 of its total 4,900 workforce. If the coronavirus (Covid-19) pandemic worsens with countries continuing to close borders and airspace, the no-pay leave situation will drag into May.
KUALA LUMPUR: Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday.
THIS period is the aviation industry’s darkest hour with no clear signs when airlines will be able to restart the hundreds of airplanes grounded at airports and other global sites.
AIRASIA Group Bhd has quite a bit going for it. It has cash, RM2.59bil of it, a strong business model and a brand-name that naturally is a crowd-puller in any markets it ventures.
KUALA LUMPUR: QSR Brands (M) Holdings Bhd (QSR Brands), the food chain brand that operates KFC and Pizza Hut Malaysia, has appointed Datuk Mustafha Abd Razak as chairman and Nehchal Khanna as managing director, effective yesterday.