Air fares expected to return to normal by November — transport minister

KUALA LUMPUR (July 21): The Malaysian Aviation Commission (Mavcom) expects airfares on domestic routes to return to 2019 levels by November this year as available seating capacity is projected to return to normal, subject to the development of the Covid-19 pandemic, said Transport Minister Datuk Seri Dr Wee Ka Siong (pictured).

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Zecon gets shareholder nod for rights issue

KUALA LUMPUR (July 21): Zecon Bhd has received approval from its shareholders for its proposed rights issue to address its current funding requirements to meet its short-term obligations and liabilities, as well as strengthen its financial position.

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Property sector 'neutral' despite challenging outlook, says AmInvestment Bank

KUALA LUMPUR (July 20): AmInvestment Bank Bhd (Ambank) maintained its “neutral” view on the property sector as its outlook for the next 12 months remains challenging due to the onset of the Covid-19 pandemic and the resulting Movement Control Order (MCO) to control its spread that has halted economic activities for almost two months.

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