The family of Thai businessman Vichai Srivaddhanaprabha, who died in a helicopter crash in 2018, has brought a legal action against Italian helicopter manufacturer Leonardo SpA in a London court valued at £2.15 billion (US$2.65 billion).

Family of Thai tycoon brings US$2.7b claim against Leonardo over Leicester City crash

Delta Air Lines Inc beat Wall Street’s profit estimates for the final months of 2024, buoyed by gains in international and corporate travel. The company says it expects strong demand to continue into the new year.

Delta tops estimates on demand for overseas, business travel

Airbus SE expects to return to delivery levels last seen before the pandemic in the “foreseeable future” as the planemaker presses its advantage against a weakened rival Boeing Co and benefits from surging aircraft demand.

Airbus says return to pre-Covid delivery highs is within reach

Global air cargo markets saw robust growth in demand in November 2024, with cargo tonne-kilometres surging by 8.2% compared to a year earlier, according to the International Air Transport Association (IATA).

This marked the 16th consecutive month of growth, it said in a statement on Thursday.

Global air cargo and passenger demand up by over 8% in November — IATA

The takeover offer of Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) by Gateway Development Alliance (GDA) marks a critical inflection point for Malaysia’s aviation sector and its future in the hyper-competitive Asean region. With GDA securing 84.1% of MAHB shares and extending the offer period to Jan 17, the stage is set for a seismic shift in how Malaysia’s airports are managed. If the consortium achieves the 90% threshold required for delisting, MAHB will transition from the scrutiny of public markets into the hands of private ownership, enabling GDA to execute a bold, long-term restructuring strategy without the burden of quarterly earnings pressures.

Can Gateway Development Alliance help MAHB take flight again?

Global Development Alliance’s (GDA) inability) to secure 90% shareholder acceptance for its takeover of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) by the initial Jan 8, 2025, deadline is an indication of the government’s failure and investors’ rejection of the privatisation plan, said Machang MP Wan Ahmad Fayhsal Wan Ahmad Kamal.

Inability to meet 90% acceptance for MAHB takeover signals govt failure — Perikatan MP

The level of acceptances of the takeover offer by Gateway Development Alliance (GDA), the consortium proposing to privatise Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT), has reached 83.04% as of the first closing date of Jan 8.

On top of that, a total of 18.18 million shares, representing a 1.09% stake, has also been transferred to the offerors but pending receipt of the acceptance document.

Khazanah-EPF-led consortium amasses 84% stake in MAHB, seven working days left to meet 90% condition

KUALA LUMPUR (Jan 7): Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and its affiliates have disposed of 119.25 million shares, or a 7.15% stake in Malaysia Airports Holdings Bhd (MAHB)(KL:AIRPORT), pursuant to the takeover offer by Gateway Development Alliance Sdn Bhd (GDA).

GDA's MAHB stake surpasses 80% after KWAP accepts takeover offer

The Immigration Department assures that the personal data of users utilising the quick response (QR) code system, through the MyBorderPass application, is fully protected with top-level security measures in place.

User data safe under KLIA's QR code system, with high-level security measures, says Immigration Dept

Gateway Development Alliance (GDA), the consortium proposing to privatise Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT), has extended the closing time and date for the acceptance of its takeover offer to 5pm on Jan 17, 2025, from 5pm on Jan 8, 2025, previously.

Khazanah-EPF consortium gives MAHB shareholders seven more working days to accept takeover bid

(Jan 6): Italy is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government — the largest such project in Europe, people with knowledge of the matter said on Sunday (Jan 5).

Italy plans US$1.6b SpaceX telecom security services deal

(Jan 5): United Airlines said on Sunday that it expects to begin testing Elon Musk's Starlink in February for in-flight internet services, and to first offer the connectivity on a commercial flight operated by Embraer aircraft this spring.

United Airlines to bring Musk's Starlink on flights by spring

MOSCOW (Jan 5): Russian airports in the cities of Kazan, Nizhnekamsk, Izhevsk and Perm, which temporarily halted flights on Sunday morning to ensure the safety of civilian aircraft, have resumed normal operations, the aviation watchdog Rosaviatsia said.

Four Russian airports reopen after suspending flights, aviation watchdog says

Investigators on Saturday expect to compile the complete transcript from the cockpit voice recorder recovered from the wreckage of the Jeju Air Boeing 737-800 that crashed last Sunday in South Korea, the Transport Ministry said in a statement.

South Korea to compile transcript of voice recording from crashed plane on Saturday

KUALA LUMPUR (Jan 10): Sapura Resources Bhd, a property and aviation group, announced several boardroom changes via bourse filings on Friday, including the appointment of Reza Abdul Rahim as its new chief executive officer, with immediate effect.

Just three months earlier on Oct 10, 202...

Sapura Resources names acting MD Reza Abdul Rahim as CEO in boardroom reshuffle

The selection of Port Dickson as one of the Asean Summit meeting locations is expected to significantly boost the district’s tourism by promoting its beauty to Southeast Asian countries.

Port Dickson Municipal Council (MPPD) president Hasnor Abd Hamid said the council is fully committed to ensuring smooth preparations for the meeting to create a successful event and leave a lasting positive impression on the delegates.

Port Dickson set to gain tourism spotlight as an Asean Summit venue

The strength of the US economic recovery post-Covid and a quest for safe-haven investments helped boost US dominance of global financial flows, while manufacturing incentives led to a surge in foreign direct investment, the White House said on Friday.

Strong economy, safe asset demand boosted US dominance in capital flows, White House says

Kumpulan Perangsang Selangor Bhd (KL:KPS) on Friday said its subsidiary's appeal to the Inland Revenue Board (IRB) against the RM7.89 million capital gains tax and penalty that was imposed on the company in November last year was accepted.

In a filing on Friday, KPS said the appeal was filed by its wholly owned Bold Approach Sdn Bhd on Dec 17 last year.

IRB drops RM7.9 mil tax claim against Kumpulan Perangsang Selangor

US job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labour market ended the year on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.

US job growth beats expectations in December; unemployment rate falls to 4.1%

Italy would have full control of its data under any potential deal struck with Elon Musk's Starlink for secure satellite communications, an Italian representative for the billionaire's aerospace businesses said.

Italy will fully control data in any Starlink deal, says Musk adviser 

The German government is in ongoing discussions about whether to delete its presence on the X platform due to concerns over its algorithms, a spokesperson said on Friday.

Germany may yet quit X on concerns over algorithms — Reuters

After more than a decade of development, hype and pent-up demand, Jeff Bezos’ aerospace venture Blue Origin will at long last attempt to put a rocket into orbit.

New Glenn, originally intended to launch as early as 2020, is slated to fly on Sunday out of Cape Canaveral, Florida, during a nearly four-hour launch window that begins at 1am local time.

Jeff Bezos’ Blue Origin to debut new rocket in SpaceX challenge

Nato is increasing its surveillance operations in the Baltic Sea region with two ships deployed to the area following suspected sabotage of undersea cables between Finland and Estonia.

Nato to deploy two ships to guard Baltic Sea infrastructure

Berjaya Group is seeking a new partner as it bids for a proposed multibillion-dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, after Malaysian Resources Corp Bhd (KL:MRCB) withdrew from the consortium, Berjaya Corporation Bhd (KL:BJCORP)&nbsp;founder Tan Sri Vincent Tan Chee Yioun Chiun said.

Berjaya's Vincent Tan seeks new partner in KL-Singapore HSR bid

Former prime minister Datuk Seri Najib Razak was visibly shaken on Friday as the prosecution attacked his defence testimony with an onslaught of questions on the infamous ‘donation’ from Saudi royalty.

Najib visibly shaken as prosecution attacks his inconsistencies over 'donation' details

Oriental Kopi Holdings Bhd (KL:KOPI) could deliver a strong share price gain with above-peer valuations backed by robust earnings growth, according to two research houses starting coverage of the soon-to-be-listed café operator.

Oriental Kopi may deliver strong share price gain after IPO; Apex, Tradeview start coverage with ‘buy’

Tenaga Nasional Bhd or TNB (KL:TENAGA) said its indirectly wholly owned unit TNB Western Energy Bhd (TNB WE) has been slapped with an income tax bill amounting to RM291.55 million for the year of assessment 2018 from the Inland Revenue Board (IRB).

Tenaga Nasional unit gets additional RM292m tax bill

Gamuda Land and Public Bank Bhd (KL:PBBANK) have introduced Malaysia’s first flexible 120% home financing package, the PB SmartLiving scheme, offering new levels of accessibility and affordability for homebuyers.

Gamuda Land, Public Bank unveil Malaysia's first 120% home financing plan

Shares of Gamuda Bhd (KL:GAMUDA) could potentially climb as much as 62% from the last price if its market value catches up with the size of its order book, CGS International said on Friday.

Gamuda share price could trade over RM8 if market value catches up with order book — CGS

Risks are building up towards an earlier rate hike due to Malaysia's removal of RON95 petrol subsidies, according to BMI, a Fitch Solutions company, though it officially forecasts the rate to remain unchanged this year.

BMI says Malaysia's planned RON95 subsidy removal heightens rate hike risk, but keeps OPR target at 3%

The secretariat for the Federal Territories&nbsp;Pardons Board has denied the existence of any additional document or royal addendum in its official files or records that purportedly allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.

No royal addendum for Najib's house arrest in Pardons Board's records, says secretariat

The US restriction of artificial intelligence (AI) chip exports may lead to a sector-wide slowdown, affecting the entire supply chain in the semiconductor industry, according to RHB Investment Bank.

US AI chip export curbs may lead to sector-wide slowdown — analysts

U Mobile Sdn Bhd, the nation’s newly selected second 5G network access provider, is set to deploy between 5,000 and 7,000 5G sites across Malaysia, according to industry sources cited by RHB Research.

U Mobile set to deploy up to 7,000 5G sites across Malaysia, RHB says, citing sources

Sime Darby Property Bhd (KL:SIMEPROP) said on Friday it has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million.

Sime Darby Property fully acquires Bandar Bukit Raja warehouses for RM232 mil

Malaysia’s national oil and gas company Petroliam Nasional Bhd (Petronas) has reached the final investment decision for the development of the Hidayah field offshore East Java, Indonesia.

Petronas reaches final investment decision to develop Hidayah field off Indonesia

Despite being known as a consummate gentleman, Datuk Seri Najib Razak told the High Court here on Friday that he didn't send thank-you notes or express any gesture of gratitude after receiving donations from the Arab royalty.

1MDB-Tanore: Why no thank-you note to Saudi donors? Prosecution takes aim at consummate gentleman Najib's 'bad manners'

LBS Bina Group Bhd (KL:LBS) has launched Centrum Iris, the second precinct of Cameron Centrum and the largest mixed development of commercial offerings located in Cameron Highlands, Pahang. It has a projected gross development value of RM472 million.

LBS unveils Centrum Iris in Cameron Highlands, Pahang

Despite the anticipation of incoming personal donations of substantial amounts, former prime minister Datuk Seri Najib Razak told the High Court here on Friday that he did not know how the Saudi royalty had obtained his personal bank account details.

1MDB-Tanore: Najib says unaware how Saudi donors got his account details or knew of account change

For the full story, click <a href="http://theedgemalaysia.com/node/740535" target="_blank">here</a>.
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Japan to be involved with REE processing in Malaysia — Anwar

Prime Minister Datuk Seri Anwar Ibrahim has expressed hope that the clean hydrogen energy collaboration project between Petroliam Nasional Bhd (Petronas), Petroleum Sarawak Bhd (Petros) and Japanese companies could be facilitated by May this year.

Anwar hopes Petronas, Petros hydrogen venture can meet May deadline for facilitation

Malaysia's palm oil stocks declined for a third consecutive month, falling 6.91% to 1.71 million tonnes at the end of December, data from the industry regulator showed on Friday.

Malaysian palm oil stocks hit 19-month low in December as output drops

Tesla Inc officially launched its refreshed Model Y sport utility vehicle in China on Friday and started to take orders, its website showed.

Tesla launches refreshed Model Y Juniper SUV in China

Maybank Investment Bank Bhd (Maybank IB) believes the Malaysian consumer sector is poised for a strong year in 2025, driven by robust macroeconomic factors and government assistance that are expected to boost disposable income, improving consumer sentiment and spending capacity.

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