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Cathay Pacific Airways Ltd may be #8220;haemorrhaging#8221; US$3mil a day, but its financial position is nowhere as precarious as that of its code-sharing US partner American Airlines, which narrowly avoided a massive bankruptcy filing at mid-week when flight attendants joined two other unions in approving sweeping wage concessions to help turn the airline around.
The three CEOs we feature today are entrepreneurs who have carved a name for themselves in their respective businesses. They are Datuk Shahril Shamsuddin of the Sapura group of companies, Datuk Kevin Tan of TSH Resources Bhd, and Datuk Lim Kim Hong of I-Berhad.
Sunday markets are offering aspiring entrepreneurs the opportunity to test their business skills without the burden of high overheads and a huge capital, reports IVY SOON.
A tiny sensor has caused big headaches for the aircraft manufacturing industry because of State Department concerns about foreign sales of the part.
BAHRAIN-BASED Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will soon roll out a global certification programme for accountants involved in the Islamic banking and financial services industry.
Malaysia's International Centre for Education in Islamic Finance (INCEIF), which has been conferred university status after only six months in operation, will help Sri Lanka to produce Islamic banking and financial professionals, its chief executive officer Agil Natt said.
LAST week's crude oil price surge will deal further blows to airlines worldwide. Already wounded by a 50% rise in oil prices since the beginning of this year, airlines face further capacity squeeze that will potentially lead to scrapping of more routes in the coming weeks.