AirAsia and AirAsia X shares plunge, even after denying Airbus graft claims
KUALA LUMPUR (Feb 3): AirAsia Group Bhd (AAGB) and AirAsia X Bhd (AAX) shares fell as much as 11.
SC to review US$50m graft claims against executives at AirAsia, AirAsia X
KUALA LUMPUR (Feb 3): The Securities Commission Malaysia (SC) will review the bribery and corruption allegations against executives at low-cost carriers AirAsia Group Bhd and AirAsia X Bhd involving US$50 million (RM205 million) from a plane-maker.
Tourism-linked stocks hit hard by Wuhan virus
KUALA LUMPUR (Feb 3): To say Malaysia’s much anticipated Visit Malaysia Year 2020 (VMY2020) is not off to a good start is probably an understatement, what with the severe blow dealt to the tourism industry by the Wuhan virus, now a global health emergency that has caused the death of over 300 and infected over 14,000 worldwide since the start of the outbreak at end-December.
REITs stand out against low interest rates
KUALA LUMPUR (Feb 3): Real estate investment trusts (REITs) are expected to be sought after, more so after Bank Negara Malaysia’s recent cut in the overnight policy rate (OPR) by 25 basis points which resulted in lower bank deposit rates.
Malaysia to be hit harder by Wuhan virus than SARS if outbreak lasts as long: Credit Suisse
KUALA LUMPUR (Jan 31): Malaysia's economy could be hit harder by the Wuhan virus outbreak compared with the SARS outbreak in 2003, should concerns about the latest coronavirus infection persist as long as it did during the SARS episode, said Credit Suisse.
PLUS 18% reduction in toll rates begins at midnight
KUALA LUMPUR (Jan 31): Motorists plying highways managed by PLUS Malaysia Bhd will enjoy an 18% reduction in toll rates from midnight.
Residents question road expansion that cut down 100 raintrees
PETALING JAYA (Jan 30): Residents in Rawang, Selangor have slammed the felling of about 100 grand raintrees aged 30 years along Jalan Bukit Anak Tukun for the purpose of a road expansion project.
Malaysia Rail Link and CCC-ECRL set up measures to combat coronavirus
KUALA LUMPUR (Jan 29): Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction ECRL Sdn Bhd (CCC-ECRL) have set up precautionary and preventative measures to guard against the coronavirus.
Coronavirus outbreak: Starbucks closes about 2,000 outlets in China
KUALA LUMPUR (Jan 29): Mega coffee shop chain Starbucks has announced it has closed about half of its almost 4,300 outlets in The People’s Republic of China, reported the BBC today.
Sime Darby Property appoints Azmir Merican as group MD
KUALA LUMPUR (Jan 28): Sime Darby Property Bhd (SDP) has appointed Datuk Azmir Merican Azmi Merican as its group managing director effective April 22, 2020.
