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SEOUL: South Korea’s flagship carrier Korean Air Lines Co is expected to have turned a profit in the first quarter of 2021, data showed yesterday, as the company expanded its logistics business after the new coronavirus pandemic virtually suspended passenger travel.
KUALA LUMPUR: MAB kargo Sdn Bhd (MASkargo), the air cargo logistics arm of Malaysia Airlines, is eyeing for a higher market share following its newly-formed strategic partnership with international courier DHL Express (M) Sdn Bhd (DHL).
FOR a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for shipping raw materials.
SHANGHAI: Surging overseas orders for Chinese goods are creating rising pressure on ports and shipping companies, and related parties are working together to break the deadlock.
KUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – rose to 49.9 in March from 47.7 in February.
KUALA LUMPUR: PDZ Holdings Bhd’s net loss widened to RM6.5mil in the fourth quarter ended Dec 31, 2020 against RM2.82mil in the same period a year ago.
KUALA LUMPUR: The Suez Canal blockage will have minimal impacts on glove makers earnings and the consumer sector for the financial year ending 2021 (FY21).
SHANGHAI: The yuan-denominated crude oil futures contracts, which were launched exactly three years ago, are celebrated as China’s first products of their kind to be open to overseas investors, thanks to their strong market resilience, ability to adapt to and thrive in reforms, pricing independence, and demonstrable record in nurturing companies in the sector, experts said.