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KUALA LUMPUR: The notice of appointment and address of the interim liquidator that is making the rounds on social media is for the now-defunct Malaysian Airline System Bhd (MAS) and not Malaysia Airlines Bhd (MAB), the airline has clarified.
Many businesses still unprepared for Section 17A to come into force on June 1
The dollar surged by 1.14% to 98.496 largely underpinned by stronger economic data, signalling that the US economy remains resilient despite concerns over slower global growth.
PETALING JAYA: Penang’s George Town was announced as the city winner at the inaugural Climathon Global Awards at the ChangeNOW summit.
WHEN Khazanah Nasional Bhd decided to divest companies that were not part of its transformation plan post-May 2018, UEM Edgenta Bhd was among those that were to be sold.In the last two years, there have been suitors for UEM Edgenta, whose earnings anchor on providing support services to hospitals and maintenance works for highways under PLUS Malaysia Bhd.
MARC: No pressure on debt-servicing ability in intermediate term
Will Khazanah be given a free hand to decide on what’s best for the national carrier?
KUALA LUMPUR: The toll rate cut for private vehicles by 18% with effect from Feb 1 could see Projek Lebuhraya Usahasama Bhd’s (PLUS) annual revenue fall by RM500mil, according to Malaysian Rating Corporation (MARC).
THIS time, it might just work. Telenor ASA and Axiata Group Bhd. are back at the negotiating table. Joining forces in South and Southeast Asia still makes sense for both carriers.
KUALA LUMPUR: Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM which wants as much as 49% while Japan Airlines is looking at a 25% stake, sources with knowledge of the matter said.Domestic carrier AirAsia Group Bhd and Malindo Air, the Malaysian arm of Indonesia’s Lion Air, have also submitted proposals, the sources said.