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Carriers have to ride the tide as air travel picks up
KUALA LUMPUR: AirAsia Group Bhd posted a net loss of RM2.44bil in the fourth quarter ended Dec 31 against RM384.43mil a year ago as its operations were adversely affected by the Covid-19 pandemic.
KUALA LUMPUR: Low-cost carrier AirAsia sees a ray of hope for the resumption of air travel as Covid-19 vaccines start to be rolled out this week while its CEO Tan Sri Tony Fernandes remains upbeat on the RM2.5bil fund-raising target.
KUALA LUMPUR: Kenanga Research views as positive AirAsia Group Bhd's proposal for a private placement to address its immediate cash flow requirements during the pandemic.
KUALA LUMPUR: Tan Sri Muhyiddin Yassin expects the impact of the current Movement Control Order (MCO) on the economy to be manageable as growth will continue to be supported by strong exports sector and the global trade recovery.
PETALING JAYA: Prime Minister Tan Sri Muhyiddin Yassin has announced the "Perlindungan Ekonomi dan Rakyat Malaysia (Permai)" assistance package worth RM15bil on Monday (Jan 18).
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) affirmed its ratings on Berjaya Land Bhd’s (BLand) two tranches of debt notes totalling RM650mil with a stable outlook.
AS small and medium enterprises (SMEs) are the backbone of the nation and are the biggest employers in the country, it is of utmost importance to not only help smaller businesses tide through the Covid-19 storm, but also to foster more entrepreneurs to drive the economy.