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AIRASIA Group Bhd has quite a bit going for it. It has cash, RM2.59bil of it, a strong business model and a brand-name that naturally is a crowd-puller in any markets it ventures.
WHAT’S more important: a roof over your head or a car in your driveway? With unemployment rising as the coronavirus shuts down parts of the United States economy, the decision made by borrowers as their payments come due will determine how securities backed by auto loans and leases perform.
SINGAPORE: KKR & Co is suspending its planned sale of Goodpack Ltd, a Singaporean provider of intermediate bulk containers, after bids fell short of expectations, according to people familiar with the matter.
PETALING JAYA: Yinson Holdings Bhd has started to see selling pressure following the termination of its proposed contract to operate a vessel for Aker Energy Ghana Ltd’s Pecan project in Ghana.
PETALING JAYA: Malaysian shopping malls could face losses north of RM2bil as a result of business disruptions caused by the movement control order (MCO), which has been extended to deal with the Covid-19 pandemic.
BANGKOK: Thai Airways International Pcl may permanently reduce the number of aircraft types it deploys once the coronavirus outbreak that has caused the company to ground most of its fleet ends, said a senior government official.
WHEN the conoravirus (Covid-19) first hit the news sometime in December last year, nobody would have thought that it would lead to a global crisis. Two weeks ago, many were staring at a 1930s kind of depression as the world was hit by the perfect storm.
PETALING JAYA: The outlook remains challenging for UMW Holdings Bhd due to the impact of the worsening coronavirus disease (Covid-19).
WASHINGTON: Major U.S. airlines sought a government bailout of more than US$50 billion as the White House is urgently drafting a financial assistance package in the wake of the steep falloff in U.S. travel demand sparked by the coronavirus pandemic.
DALLAS: Back in September 2017, Doug Parker, the chief executive of American Airlines Group Inc., predicted clear financial skies ahead for the world’s largest carrier.