TA Securities sees a positive outlook for Malaysia Airports Holdings Bhd (MAHB), against the backdrop of the pending signing of a new operation agreement (OA) and the announcement of the new passenger service charge (PSC) for 2024, and the impairment of receivables comprising mainly RM27.4 million from MyAirline suspension.

TA Securities upgrades MAHB to 'hold', raises target price amid strong recovery prospects

Malaysia Airports Holdings Bhd (MAHB) registered a net profit of RM94.76 million in the third quarter ended Sept 30, 2023 (3QFY2023) against a net loss of RM9.04 million in the previous year, on the back of an increase in revenue, other income, and improved share of profits from associates and joint ventures plus lower finance costs.

MAHB posts RM95 mil net profit in 3Q on lower finance costs, higher revenue

Richard Branson has long relished the image of the aviation pioneer, from traversing the Pacific in a hot-air balloon to making space travel available for paying customers.

Now the British billionaire is participating in the first flight of a commercial aircraft across the Atlantic powered entirely by sustainable aviation fuel (SAF), beating arch-rival British Airways to the punch.

Branson’s latest aviation dare reveals airlines’ green challenge

KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year.

Malaysia Airlines launches year-end sale

Malaysia Airports Holdings Bhd (MAHB) recorded a total of 10.2 million passenger movements in October 2023, with 6.8 million (67%) contributed by local operations and 3.3 million (33%) from its asset in Türkiye, namely the Istanbul Sabiha Gokcen International Airport (SAW).

MAHB records strong October performance, achieves 85% of pre-pandemic passenger levels

AirAsia on Monday announced an expansion of its services covering China, India and Malaysia, totalling 230 weekly flights for the first quarter of 2024, with up to 5.2 million seats per year.

AirAsia adds over five million seats for China, India and Malaysia flights in 2024

SEOUL (Nov 27): North Korea warned on Monday that it would continue to exercise its sovereign rights, including through satellite launches, while its troops were reported to be restoring some demolished guard posts on the border with South Korea.

North Korea vows more satellite launches, beefs up military on border

Singapore’s Changi Airport is testing an artificial intelligence (AI)-driven system that could potentially halve time spent on passenger security checks, the Straits Times reported on Sunday.

Singapore’s Changi Airport testing AI security screening to cut time — report

MANILA (Nov 26): Two Chinese fighter jets were monitored "orbiting" a Philippine aircraft participating in patrols with Australia in the South China Sea, but did not cause any untoward incident, Manila said on Sunday.

Chinese fighter jets 'orbit' Philippine patrol aircraft, Manila says

SKS Airways said allegations or insinuations suggesting the company was in crisis due to funding issues are “not only unfounded but also libelous”.

Allegations of funding crisis 'unfounded and libelous', says SKS Airways

Cathay Pacific Airways Ltd said it will report its first annual profit since 2019 as passenger volumes return to near pre-pandemic levels, cementing its financial rebound from the most damaging period in the airline’s history.

Cathay Pacific expects first annual profit since 2019

KUCHING (Nov 23): The Sarawak government is currently conducting due diligence on MASWings Sdn Bhd, in preparation for its acquisition, the Sarawak state legislative assembly was told on Thursday.

Sarawak govt conducting due diligence on MASwings as part of takeover bid — state deputy transport min

KXP AirportCity Holdings Sdn Bhd, a company wholly owned by the Kedah State Development Corporation (PKNK) on Wednesday signed a joint venture agreement with Tahira Air Sdn Bhd to establish a special purpose vehicle (SPV) to continue the development of the Kedah Aerotropolis project.

KXP AirportCity, Tahira Air sign joint venture deal to develop Kedah Aerotropolis

The Perak state government plans to upgrade Sultan Azlan Shah Airport in Ipoh into a regional aviation hub.

Perak proposes to make Ipoh's Sultan Azlan Shah Airport a regional aviation hub

PAS retained the Kemaman seat when its candidate Datuk Seri Dr Ahmad Samsuri Mokhtar won the by-election held for the parliamentary constituency on Saturday.

PAS retains Kemaman parliamentary seat

Three subsidiaries under UEM Group Bhd have signed business agreements with domestic and international companies at the 28th United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE).

UEM Group's subsidiaries sign multiple agreements at COP28 Dubai

Israeli war planes and artillery bombarded Khan Younis in the south of the Gaza Strip on Saturday, hitting mosques and homes and close to a hospital, after the collapse of a truce in the nearly two-month-old war between Israel and Hamas militants

Israel bombards southern Gaza as humanitarian crisis reaches 'breaking point'

Exxon Mobil Corp and Saudi Arabia’s Aramco, the world’s largest private and state-sector oil companies, led a pledge by 50 oil and gas producers at the COP28 climate summit to cut emissions from their own operations.

Exxon among 50 oil producers in controversial climate pact at COP28

Prime Minister Datuk Seri Anwar Ibrahim will definitely look at the ability of an individual to hold a suitable portfolio in the event of a Cabinet reshuffle, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Anwar will surely prioritise skillset, knowledgeability in any Cabinet reshuffle, says Fadillah

The polling process for the Kemaman parliamentary by-election, which began at 8am on Saturday, concluded at 6pm when all 49 polling centres were closed.

All ballot boxes from the polling centres, involving 244 streams, will be taken to the vote-tallying centre at Dewan Berlian Utama, Kemaman Municipal Council here.

Kemaman by-election: Voting ends, vote-tallying process begins

The US has pledged US$3 billion (RM14.02 billion) to the Green Climate Fund, Vice President Kamala Harris said on Saturday as she arrived in Dubai for the UN climate summit.

The fund, with more than US$20 billion in pledges, is the largest international fund dedicated to supporting climate action in developing countries.

US pledges US$3b for Green Climate Fund at COP28

Malaysia has pledged its support to ensure the effective implementation of the Asean Working Group on Climate Change (AWGCC) Action Plan, Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said.

COP28: Malaysia committed to supporting Asean climate change action plan

The voter turnout for the Kemaman parliamentary by-election stood at 60% as of 4pm on Saturday, according to the Election Commission (EC).

The figure is nearing the 70% target set by the EC from the 141,043 electors eligible to cast their ballots on Saturday, who have until 6pm before polling centres close.

Kemaman by-election: 60% voter turnout as of 4pm, says EC

Senior lawyer Tan Sri Muhammad Shafee Abdullah is not among the 16 candidates elected to the Bar Council for the 2024/2025 term, after placing 22nd out of the 39 candidates who contested.

Najib’s lawyer Shafee not among those elected to Bar Council for 2024/2025; Fahri Azzat tops polls

Senior lawyer Tan Sri Muhammad Shafee Abdullah is not among the 16 candidates elected to the Bar Council for the 2024/2025 term, after placing 22nd out of the 39 candidates who contested.

The police have opened an investigation paper (IP) against Tan Sri Muhyiddin Yassin for allegedly making statements that touched on the 3Rs (religion, race and royalty) during a campaign for the Kemaman by-election recently.

Kemaman by-election: Police open investigation paper against Muhyiddin over 3R issue

The polling process for the Kemaman parliamentary by-election, which began at 8am on Saturday, concluded at 6pm when all 49 polling centres were closed.

All ballot boxes from the polling centres, involving 244 streams, will be taken to the vote-tallying centre at Dewan Berlian Utama, Kemaman Municipal Council here.

PAS retained the Kemaman seat when its candidate Datuk Seri Dr Ahmad Samsuri Mokhtar won the by-election held for the parliamentary constituency on Saturday.

The government will revive the town hall session which will serve as a platform for ministries and secretaries general (KSU) to inform people about measures and actions taken in response to the findings of the Auditor General’s Report.

Mohd Zuki: Govt to revive town hall session to clarify issues raised in AG's Report

The voter turnout for the Kemaman parliamentary by-election stood at 60% as of 4pm on Saturday, according to the Election Commission (EC).

The figure is nearing the 70% target set by the EC from the 141,043 electors eligible to cast their ballots on Saturday, who have until 6pm before polling centres close.

A key offshore creditor group of China Evergrande Group supports keeping the developer operating, the South China Morning Post (SCMP) reported ahead of a court hearing on Monday that could decide to liquidate the indebted firm.

Evergrande creditor group supports maintaining operations, not bankruptcy — report

WASHINGTON (Dec 1): US manufacturing remained subdued in November, with factory employment declining further as hiring slowed and layoffs increased, more evidence that the economy was losing momentum after robust growth last quarter.

The survey from the Institute for Supply Management (...

US manufacturing mired in weakness, economy heading for slowdown

Prime Minister Datuk Seri Anwar Ibrahim will definitely look at the ability of an individual to hold a suitable portfolio in the event of a Cabinet reshuffle, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

A new digital system is being implemented by the Election Commission (EC) in the Kemaman by-election as a pilot test to improve the electoral system in the country.

EC chairman Tan Sri Abdul Ghani Salleh said the system is intended to facilitate EC officers in handling the election process as well as speed up the announcement of the election results.

Kemaman by-election a pilot test for new system, says EC

Three subsidiaries under UEM Group Bhd have signed business agreements with domestic and international companies at the 28th United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE).

Hong Kong has reduced the waiting time for public housing applicants with newborn babies in an effort to support birth rates in the city.

Families with children born on or after Oct 25 this year qualify to apply for Category A tenancy after two years instead of the previous three-year period, according to a statement issued by the Housing Bureau.

Hong Kong cuts public housing waiting time to boost birth rates

The police have activated 12 Op Cantas teams to ensure a smooth polling day for Saturday’s Kemaman parliamentary by-election.

Terengganu police chief Datuk Mazli Mazlan said the teams were deployed at several hot spot areas in the parliamentary constituency.

Kemaman by-election: 12 'Op Cantas teams deployed at hotspot areas for smooth polling, says police

Federal Reserve (Fed) Chair Jerome Powell pushed back against Wall Street’s growing expectations of interest-rate cuts in the first half of 2024, saying the committee will move cautiously with borrowing costs at a 22-year high but retain the option to hike further.

Powell brushes off rate-cut bets as Fed moves carefully

Exxon Mobil Corp and Saudi Arabia’s Aramco, the world’s largest private and state-sector oil companies, led a pledge by 50 oil and gas producers at the COP28 climate summit to cut emissions from their own operations.

Malaysia has pledged its support to ensure the effective implementation of the Asean Working Group on Climate Change (AWGCC) Action Plan, Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said.

The US has pledged US$3 billion (RM14.02 billion) to the Green Climate Fund, Vice President Kamala Harris said on Saturday as she arrived in Dubai for the UN climate summit.

The fund, with more than US$20 billion in pledges, is the largest international fund dedicated to supporting climate action in developing countries.

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