Fernandes: Absurd that M'sia does not have LCCTs

KUALA LUMPUR (Sept 12): AirAsia Group Bhd co-founder and group chief executive officer Tan Sri Tony Fernandes says it is “absurd” that low-cost carriers (LCCs) dominate the Malaysian aviation market, but the country does not have dedicated low-cost carrier terminals (LCCTs).

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What do the names of these places mean?

As you take a stroll along the River of Life at the confluence of the Gombak and Klang rivers in Kuala Lumpur, you would be walking on history as this was where the city got its name from.

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Sime Darby confirms Abdul Rahman will take over as chairman

KUALA LUMPUR (Aug 28): Permodalan Nasional Bhd (PNB) president and group chief executive officer (CEO) Datuk Abdul Rahman Ahmad will assume the role of chairman and non-independent non-executive director of Sime Darby Bhd upon Tan Sri Dr Wan Abdul Aziz Wan Abdullah's retirement on Oct 31 this year.

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Invesco's Jalil to helm PNB

KUALA LUMPUR (Aug 27): Jalil Rasheed (pictured), the investment director for the Singapore office of UK-based fund manager Invesco, is set to assume the group chief executive seat at Permodalan Nasional Bhd (PNB).

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