Business

Dr Mahathir criticises MAS takeover
Tuesday, August 12, 2014

KUALA LUMPUR, August 12 -- 2014: Influential former prime minister Tun Dr Mahathir Mohamad today criticised the takeover of crisis-hit Malaysia Airlines by the country's sovereign wealth fund as a recipe for more losses by the carrier. Sovereign fund Khazanah Nasional, which has controlled the airline for years via a 70 per cent ownership stake, said last Friday it plans to buy...

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MAS privatisation could be best option for restructuring
Monday, August 11, 2014

KUALA LUMPUR, Aug 11 -- 2014: The privatisation of Malaysia Airlines (MAS) could be the best available option for the national carrier to undergo a major restructuring and similar to what Japan Airlines did in 2010.
 
Kenanga Research said in a research note today that post-privatisation, MAS' operations would likely remain business as usual.
 
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PM calls for continued support for MAS
Friday, August 8, 2014

PRIME MINISTER NAJIB RAZAK’S STATEMENT ON MALAYSIA AIRLINES DE-LISTING
 
Today, the Government of Malaysia, through its strategic investment fund Khazanah Nasional Berhad (Khazanah), announced a formal process to take full ownership and de-list Malaysian Airline System Berhad (MAS). This is the first step needed to return our national carrier to profitability. It is a step I wholeheartedly support....

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Malaysia Airlines faces complete overhaul
Friday, August 8, 2014

KUALA LUMPUR, August 8 -- 2014: Malaysia Airlines will be de-listed after being taken over by the country's state investment fund as part of plans announced today for a complete overhaul of the company to rescue it from oblivion after two crippling air disasters.
 
Khazanah Nasional, which owns 70 per cent of the airline, said it intends to purchase...

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Khazanah proposes MAS' de-listing
Friday, August 8, 2014

KUALA LUMPUR, Aug 8 - Khazanah Nasional Bhd today submitted a formal request to the board of directors of Malaysian Airline System Bhd (MAS) to undertake a selective capital reduction and repayment exercise of its ordinary shares.           Upon completion of this exercise, Khazanah Nasional will become the sole ordinary shareholder of MAS, which would lead to a de-listing of the counter from Bursa Malaysia....

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Russia threatens to block overflights between Europe & Asia
Thursday, August 7, 2014

MOSCOW, August 7 -- 2014: Prime Minister Dmitry Medvedev warned today that Russia could block overflights between Europe and Asia in retaliation for Western sanctions.
 
Medvedev said the Russian government was considering a series of measures in response to Western sanctions that shut down the country's first low-cost airline.
 
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Rats force Air India to ground aircraft
Wednesday, August 6, 2014

NEW DELHI, August 6 -- 2014: Air India has been forced to ground one of its planes after crew spotted rats scurrying around the cabin, The Times of India reported today.
 
The plane was on its way from here to Calcutta when staff became aware of the infestation, the paper said.
 
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Couple sues bank over safe deposit box loss
Tuesday, August 5, 2014

KUALA LUMPUR, Aug 5 -- 2014: The High Court is to hear for three days from next week a suit filed by a businessman and his wife against United Overseas Bank (M) Berhad for nearly RM1.5 million over valuables missing from their safe deposit box at the bank's branch in 2012.
 
Justice Datuk Hue Siew Kheng is to hear the suit filed by Lee Yaw...

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Take crisis management seriously
Sunday, August 3, 2014

KUALA LUMPUR, Aug 3 - Local companies should take their crisis management capability seriously, after the two recent aviation incidents that put Malaysia and related industry players under international scrutiny, says a
communications specialist.
           
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Apo Bondo Eh Ni?
Sunday, August 3, 2014

KUALA LUMPUR, Aug 3 - What began as a mere chat among three youths led them to set up a company and develop a popular mobile game application.
           
The 'brains' behind Syarikat Fiction Labs Sdn Bhd, namely Amjad Hashim, 30, Azrul Anuar, 32, and Mohd Al Iman Zakaria, 29, developed 'Apo Bondo Eh Ni?', a game which requires the player to guess a word using clues given through emoji....

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