<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on July 20, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: RAM Rating Services Bhd has said the recent failed coup attempt in Turkey, which comes on the back of a series of terrorist attacks, is deemed credit negative for Malaysia Airports Holdings Bhd (MAHB). MAHB is the operator of Turkey’s third-largest airport, the Istanbul Sabiha Gokcen International Airport (pic).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“These developments have affected international passenger traffic volumes at the airport in the past few months while the country’s tourist arrivals were reported to be down 9.9% year to date in May 2016,” the rating firm said in a statement yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Hence, it expects further pressure on international passenger numbers in light of recent events.</p></div>

<div class=newsTextDataWrapInner><p>“RAM will closely monitor developments as they unfold and determine the impact on MAHB’s credit profile in the upcoming review in November,” the firm added.</p></div>


This article first appeared in The Edge Financial Daily, on July 20, 2016.

 

KUALA LUMPUR: RAM Rating Services Bhd has said the recent failed coup attempt in Turkey, which comes on the back of a series of terrorist attacks, is deemed credit negative for Malaysia ...

RAM assessing impact of Turkey coup attempt on MAHB

The price of RON95 petrol will remain unchanged at RM2.05 in Peninsular Malaysia, Sabah, Sarawak and Labuan, while the retail price of RON97 will increase by three sen from RM3.25 per litre to RM3.28 per litre from Jan 2, Thursday, to Jan 8.

Price of RON95 remains unchanged, RON97 and peninsular diesel up by three cents

Prime Minister Keir Starmer said his government would spend the next year “rebuilding” Britain, as he acknowledged the scale of the challenge he faces in turning around the UK’s stagnant economy and high cost of living.

Starmer pledges UK year of rebuilding after Labour’s rocky start

Russia stopped sending gas to Europe via Ukraine, shutting off a route that’s operated for five decades after Kyiv refused to allow any transit that funds Moscow’s war machine.

Russia and Ukraine end five decades of gas transit to Europe

QR code to be used on 40 special lanes at KLIA T1 and T2 in trial from this month — home minister

The residential property market in Kuala Lumpur and Selangor displayed contrasting trends in terms of supply and transactions in the third quarter, says Savills Malaysia director of research and consultancy Fong Kean Hwa in presenting The Edge Malaysia | Savills Klang Valley Residential ...

The Edge Malaysia | Savills Klang Valley Residential Property Monitor 3Q2024: A mixed bag in terms of performance

South Korea’s Acting President Choi Sang-mok on Wednesday rejected an attempt by his advisers to resign en masse in the latest twist to the nation’s ongoing political turmoil.

The group of presidential aides, including the chief secretary, the director of national policy, and the national security adviser, have been seeking to step down since Dec 3, when President Yoon Suk Yeol briefly declared martial law and was subsequently impeached.

Second acting president since Yoon's impeachment rejects bids by aides to resign en masse in latest South Korean political twist

The government is considering importing white rice from Pakistan to address ongoing issues with supply and pricing.

National Action Council on Cost of Living (Naccol) Task Force (Food Cluster) chairman Datuk Syed Abu Hussin Hafiz Syed Abdul Fasal said the proposal, submitted to Padiberas Nasional Bhd (Bernas), has the consent of Prime Minister Datuk Seri Anwar Ibrahim, but has yet to be finalised.

Govt mulls rice imports from Pakistan to stabilise supply, prices

Understanding the return of populism is crucial for making sense of today’s politics. This is especially true in the US, both for president-elect Donald Trump and congressional Republicans as they prepare to govern, and for the Democrats as they try to recover from their stunning defeat.

The Policy Puzzle: Populism never lasts

Indonesia scaled back its planned increase in the value-added tax (VAT) rate just hours before it was set to take effect on Jan 1 amid escalating public outcry. 

The VAT rate will be increased to 12% only for goods and services that are already subject to the existing luxury tax, such as private jets, yachts and pricier houses, President Prabowo Subianto said in a speech on Tuesday after unexpectedly attending the year-end meeting of the Finance Ministry.

Indonesia waters down planned value-added tax hike in last-minute move

Abu Dhabi's Mubadala Investment Company accounted for about 20% of the almost US$136.1 billion (RM608.8 billion) spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia's wealth fund amid a surge in spending from Gulf countries.

Abu Dhabi's Mubadala overtakes Saudi Arabia's PIF as world's top wealth fund spender

<p>Andrew Khoo Boo Yeow, the son to whom Tan Sri Khoo Kay Peng passed the baton six years ago, has been in the thick of action to unlock the MUI group’s asset value over the past two years.</p>


MUI group continues to unlock asset value

<p>A lawyer is challenging the federal government's smoking ban in private working offices that was gazetted on Sept 30, 2024&nbsp;and goes into effect on Jan 1, saying it is unconstitutional as smoking is not a criminal offence.</p>


Lawyer files eleventh hour bid challenging smoking ban on office premises

<p>KPJ Healthcare Bhd (KL:KPJ)&nbsp;has appointed Professor Emeritus Datuk Dr Lokman Saim to a newly created role of chief medical director effective immediately, as part of the healthcare group’s strategic focus on strengthening its clinical leadership and enhancing its clinical governance.</p>


KPJ appoints KPJU vice-chancellor Lokman Saim to newly created chief medical director role

<p>The four Malaysia-based airlines continued to experience significant fluctuations in their on-time performance (OTP) in the last few months of 2024, amid ongoing supply chain disruptions that showed no sign of abating in 2025.</p>


Malaysia-based airlines see continued fluctuations in on-time performance

<p>Russia stopped sending gas to Europe via Ukraine, shutting off a route that’s operated for five decades after Kyiv refused to allow any transit that funds Moscow’s war machine.</p>


<p>The&nbsp;Inland Revenue Board (IRB) has provided a tax identification number (TIN) search service for taxation activities provided&nbsp;under the Income Tax Act (ACP) 1967.</p>

<p>According to the IRB, this is in line with the announcement by the government through Budget 2025.</p>


Tax identification number search service accessible from Jan 1, says IRB

<p>New Year’s Eve 2025 celebrations lit up the nation on Tuesday night, as Malaysians came together to enjoy a mix of recreational and spiritual activities with their families. The festivities also carried a sense of reverence, coinciding with the arrival of the sacred month of Rejab.</p>


Malaysia rings in 2025 with spectacular fireworks and spiritual events

<p>Wars in Europe and the Middle East. Global political upheaval. Angst over a potential US recession. These and other pitfalls stalked markets in 2024, but in the end investors who embraced risk reaped the rewards.</p>


How US$10,000 fared in 2024 across a range of standout investments

<p>Tencent, ByteDance, Telegram and Meta are four major Internet messaging and social media service providers that have taken steps to apply for a licence to operate in Malaysia, according to the Malaysian Communications and Multimedia Commission (MCMC).</p>


X and Google yet to apply for social media licence, says MCMC

<p>The Malaysian Sustainable Palm Oil Standard MS2530:2022 (MSPO 2.0) officially comes into effect on Wednesday, introducing stricter guidelines for sustainability, traceability, and ethical practices in palm oil production.</p>


Malaysia implements MSPO 2.0 to boost sustainable palm oil standards

<p>Investors are expecting more gains for the US&nbsp;stock market in 2025 after two straight standout years, fuelled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming President Donald Trump.</p>


Investors hope for US stock market trifecta in 2025 after back-to-back boom years

<p>Malaysia is on its way to becoming a data centre (DC) hub in the region. Between 2021 and &nbsp;June 2024, a total of RM90.2 billion poured in for DC developments. International companies such as US-based Google, Microsoft, Equinix, as well as China-based Yondr Group, Bridge Data Centres and Singapore-based Keppel Data Centres and Singapore Telecommunications Ltd (Singtel) are among the big names in Malaysia's DC market.&nbsp;</p>


Data Centres: Malaysia’s Next Frontier

<p>Malaysia’s economy is widely expected to expand within the official forecast of 4.5%-5.5% in 2025, but a number of external factors may derail the print.</p>


Steady GDP growth expected in 2025, flanked by external uncertainties

<p>After a prolonged lull in the latter half of the 2010s, Malaysia has experienced a resurgence in foreign direct investment (FDI) inflows from project owners since 2021. This revival has attracted renewed interest from financial asset investors, as evidenced by the rerating of the benchmark KLCI and the strengthening of the ringgit this year.</p>


Roaring 20s: Malaysia in FDI upcycle

<p>The ban on covering one's face in public, which was passed in 2021, went into effect in Switzerland on Wednesday,&nbsp;reported <em>Sputnik/RIA Novosti</em>. </p>

<p>Violators of the ban could face a fine of 1,000 Swiss francs (US$1,100 or RM4,929.74).</p>


Ban on covering face in public goes into force in Switzerland

<p>Bitcoin more than doubled in 2024 driven by the US&nbsp;markets regulator's approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House.</p>


Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria

<p>Global&nbsp;stocks&nbsp;declined on&nbsp;Tuesday&nbsp;as&nbsp;elevated US&nbsp;Treasury yields&nbsp;again contributed&nbsp;to a lacklustre close in an otherwise strong year for equities.</p>

<p>On Wall Street,&nbsp;early modest gains&nbsp;evaporated&nbsp;as the tech sector dropped 1.04%.</p>


Stocks end strong year with a whimper as yields apply pressure

<p>Abu Dhabi's Mubadala Investment Company accounted for about 20% of the almost US$136.1 billion (RM608.8&nbsp;billion) spent by sovereign wealth funds worldwide last year, overtaking&nbsp;Saudi&nbsp;Arabia's wealth fund amid a surge in spending from Gulf countries.</p>


<p>Mazda Motor Corp&nbsp;is wrapping up a banner year in an overall sluggish auto market, and its US sales chief expects that momentum to extend into 2025 — even without a fully electric vehicle (EV) in its line-up.</p>


Mazda poised for record-breaking year powered mostly by gas

<p>Treasuries are poised to eke out only a minuscule return in 2024, disappointing bond traders who once anticipated a banner year as the Federal Reserve (Fed) started pulling interest rates down from a more than two-decade high.</p>
