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‘Mavcom, the cause for Malaysian aviation sector failure’
PUCHONG: AirAsia Group CEO Tony Fernandes blamed the Malaysian Aviation Commission (Mavcom) for causing the failure of Malaysia’s aviation sector. He backed his accusations with seven reasons, including bureaucratic red tapes. “Some of the requirements imposed by Mavcom include airlines notifying
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Air China no plans to take over Cathay Pacific
SINGAPORE: Air China Ltd has no plans to take over Hong Kong’s Cathay Pacific Airways Ltd, an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. “Based on what I know, I wouldn’t think that
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Asia stocks make cautious gains as weak data boosts stimulus hopes
TOKYO: Asian stocks eked out modest gains, amid a cautious market mood as investors pinned expectations on likely stimulus to support growth in the world’s major economies, which showed further signs of struggle. MSCI’s broadest index of Asia-Pacific shares outside
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Malaysia to solidify Asean relations, collaborate with both China, US
PUCHONG: Malaysia is looking to solidify its relation among its Asean partners to pursue a synergistic collaboration with both China and the United States, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali in view of the ongoing China –
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Asean to narrow development gap
BANGKOK: Asean member countries have reaffirmed their commitment to narrow the development gap within the economic bloc in the pursuit of shared prosperity and an inclusive economic community. In a joint statement in conjunction with the 51st Asean Economic Ministers’
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Axiata, Telenor terminates merger plan
KUALA LUMPUR: Axiata Group Bhd and Telenor ASA have agreed to end discussions on the planned non-cash combination of their telecommunication and infrastructure assets in Asia, due to complexities involved in the transaction. Telenor ASA is the parent company of
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KLCI opens on the upside as US stocks rose overnight
KUALA LUMPUR: The FBM KLCI opened higher today before extending gains as Asian equities took cue from US stocks’ Thursday overnight rise. Global shares rose on US-China trade war de-escalation expectation and after the US announced optimistic economic data.
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KLCI starts low before rising
KUALA LUMPUR: KLCI opened low today before rising as Asian equities rose amid an apparent easing in Brexit and Hong Kong’s political concerns. At 9am, the KLCI opened down 0.37 point at 1,599.52 before rising 2.42 points at 9:02am to
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Oil prices slip after surprise build in US inventories
TOKYO: Oil prices fell today, giving up some of the strong gains of the previous session, after an industry report showed US crude stockpiles rose last week, against analyst expectations of a decline. Brent crude was down 18 cents, or
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Malaysia’s trade surplus expands to RM14.27 bln in July
KUALA LUMPUR: Malaysia recorded a trade surplus in July 2019 amounting to RM14.27 billion, up 75.6% from the same month of the previous year and marking the 261st consecutive month of trade surplus since November 1997. Exports picked up by
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