Business

ICAO okays klia2's safety standards
Thursday, April 24, 2014

SEPANG: The International Civil Aviation Organisation (ICAO), a specialised agency of the United Nations that provides standards, regulations and procedures for international aviation, has certified that klia2has met its safety standards.    In announcing this today, Acting Transport Minister Datuk Seri Hishammuddin Tun Hussein said...

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MAHB Q1 pre-tax profit drops to RM178.977 mln
Thursday, April 24, 2014

KUALA LUMPUR: Malaysia Airports Holdings Bhd's (MAHB) pre-tax profit for the first quarter ended March 31, 2014 fell to RM178.977 million from RM186.062 million in the same quarter last year.    Revenue plunged to RM781.081 million from RM1.027 billion last year.    ...

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Malindo Air launches daily flights to Bangkok with free seats
Thursday, April 24, 2014

KUALA LUMPUR: Malindo Air launched daily flights to Bangkok, Thailand today, and took to the air offering free seats.    The offer excludes airport taxes and is valid for one-way only.     The hybrid airline said its KLIA-Don Mueang flight will depart at 12.40 pm and from Don Mueang at 2.30 pm....

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Disrupted MAS flight MH192 resumes journey to Bangalore using different aircraft
Monday, April 21, 2014

SEPANG:The Malaysia Airlines (MAS) Flight MH192 which was disrupted due to landing gear problems early today, resumed its journey to Bangalore at 3.30pm from the Kuala Lumpur International Airport (KLIA) here using a different aircraft.    According to a MAS spokesman, all 159 passengers who had taken the earlier flight boarded the aircraft....

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KLIA2 obtains certificate of completion and compliance
Friday, April 18, 2014

KUALA LUMPUR: klia2, the world's largest purpose-built terminal for low-cost carriers, has obtained the Certificate of Completion and Compliance (CCC) from UEMC-Bina Puri JV, the main terminal building contractors.    The issuance of the CCC not only certifies the safety of the project but is also a go-ahead for all relevant authorities to occupy the terminal building including airlines that can start operating from the new hybrid airport....

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MASkargo expands to Hanoi
Thursday, April 17, 2014

KUALA LUMPUR, April 17: MASkargo Sdn. Bhd., the air cargo division of Malaysia Airlines, has launched its first A330-200 freighter flight to Hanoi.
 
In a statement today, MASkargo said the scheduled flights will depart for Hanoi's Noi Bai International Airport every Wednesday and Friday from the Kuala Lumpur International Airport.
 
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Peg ringgit to create environment of certainty in market -- Dr M
Thursday, April 17, 2014

KUALA LUMPUR: The ringgit should be pegged at RM2.80 to the US dollar in order to create an environment of certainty in the market, said former Prime Minister Tun Dr Mahathir Mohamad.    Dr Mahathir said the peg would also help businesses manage the rising costs of doing business.    ...

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Petronas Dagangan allocates RM500 million for capex this year
Wednesday, April 16, 2014

KUALA LUMPUR, April 16: Petronas Dagangan will allocate RM500 million for capital expenditure (capex) this year to increase retail network and improve operating efficiency.
 
Chairman Datuk Wan Zulkiflee Wan Ariffin said the money will be used to increase the number of petrol stations, automation at liquefied petroleum gas (LPG) terminals and depots and, upgrade information technology systems....

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MAS privatisation will cost Khazanah RM1.18 billion
Wednesday, April 16, 2014

KUALA LUMPUR, April 16: The possible privatisation of Malaysia Airlines would cost its principal shareholder, Khazanah Nasional Berhad, RM1.18 billion, assuming there's a 10 per cent premium on its current share price.
 
Maybank Investment Bank (Maybank IB), in a note today, said that further assuming that the profitable businesses are spun-off and separately listed with Khazanah ceeding a 30 per cent stake, Khazanah would get back RM1.25 billion in cash....

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China Southern Airlines issues profit warning
Wednesday, April 16, 2014

HONG KONG:China Southern Airlines, the country's largest carrier by fleet size, warned of a loss of more than $50 million in the first three months of the year as it was hit by exchange losses cause by a weaker yuan. In a filing to the Hong Kong Stock Exchange the firm said it would lose 300-350 million yuan ($48.2-$56.3 million) in January-March. That compares with a net profit of 57 million yuan in the same period last year, the filing said....

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