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Singapore: Third of Hin Leong founder's ships sold to repay debt
SINGAPORE, March 1 (Reuters): About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters.
Zoom’s 400% surge propels ‘Superman’ Li Ka-shing back to the top of Hong Kong’s rich list
Li Ka-shing’s net worth jumped 20 per cent to US$35.4 billion, making him Hong Kong’s richest person, according Forbes’s latest rankingThe city’s wealthiest grew their fortunes by 7.5 per cent to US$331 billion, but more than half of them lost money because of the pandemic
Do we need SOP to prevent another kind of virus from weakening Malaysian sport?
How many know that the sports ministry have approved RM10mil for construction of a sports complex in Jeli, Kelantan, in preparation for the 2026 Malaysia Games (Sukma) this month?
Reliance to spin off O2C ops with US$25bil loan
MUMBAI: Reliance Industries Ltd (RIL) has started carving out its new oil-to-chemicals (O2C) operation into an independent unit with a US$25bil loan from the parent, as billionaire Mukesh Ambani steps up efforts to unlock the value of his businesses.
MAG gets nod for restructuring plan
PETALING JAYA: Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, will now be able to realise its restructuring plan for the national carrier, with the UK court approval for a scheme of arrangement with its creditors.
AirAsia X assures recovery for lessors in new restructuring proposal
KUALA LUMPUR: Malaysian long-haul budget airline AirAsia X Bhd (AAX) has proposed a separate restructuring programme for its aircraft lessors that aims to tackle their concerns, citing a chance to recover rental losses, a document seen by Reuters shows.
Malaysian court orders AirAsia X to convene creditor meetings within 6 months
KUALA LUMPUR: Malaysia's high court has ordered budget long-haul airline AirAsia X Bhd (AAX) to convene separate meetings with its different groups of creditors within 180 days from the date of order.
AmInvestment raises earnings forecast on Luxchem
KUALA LUMPUR: AmInvestment Bank Research has raised its FY21-22 earnings forecast on Luxchem Corp Bhd after having reflected the impact of an ongoing private placement and acquisition.
AirAsia X assures recovery for lessors in new revamp plan
KUALA LUMPUR: Malaysian long-haul budget airline AirAsia X Bhd (AAX) has proposed a separate restructuring programme for its aircraft lessors that aims to tackle their concerns, citing chance to recover rental losses, a document seen by Reuters shows.
US tells G7 that it is back at the table to help with global recovery
WASHINGTON/LONDON: U.S. President Joe Biden's administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.
