Business

[ad_1] The hashtags #PoliticiansPuncaVirus and #KlusterMenteri are currently trending on Twitter. KUALA LUMPUR: Malaysians took to social media on Friday to criticize the country’s politicians for violating standard operating procedures for social distancing and refusing to isolate themselves, after the country posted its second-highest peak in daily coronavirus cases after …

[ad_1] Carrier says it told aircraft lessors, creditors and suppliers that it is conducting an urgent restructuring exercise. Malaysia Aviation Group, the holding company for Malaysia Airlines Berhad, said in a letter to the lessors that the group is unlikely to be able to make payments due after November unless …

[ad_1] According to the letter, the aviation group was experiencing “an average monthly operating cash burn of $ 84 million,” but only had $ 88 million in liquidity as of Aug. 31 and an additional $ 139 million available from Khazanah, its sole shareholder. (Reuters photo) –A +A SINGAPORE (Oct …

[ad_1] The following is a Malaysia Airlines press release, reproduced in its entirety. KUALA LUMPUR (Oct 2): Malaysia Airlines Bhd has confirmed that it has recently contacted its lessors, creditors and key suppliers as the national carrier embarks on an urgent restructuring exercise. When Malaysia Airlines and all its sister …

[ad_1] SHAH ALAM (Bernama): Chairil Anwar Sabar led an enviable lifestyle as he ran his own company, owned a comfortable house and some vehicles. Then the Covid-19 pandemic and the motion control order (MCO) happened, sending his business into a tailspin. Chairil Anwar, who is over 50 years old, started …

[ad_1] General view of Sime Darby Plantation headquarters in Petaling Jaya 2 October 2019 – Reuters pic KUALA LUMPUR, October 2 – Sime Darby Plantation Bhd (SDP) today expressed concern about the ban on its exports to the United States (US), like FGV Holdings, following allegations that it uses forced …

[ad_1] KUALA LUMPUR: Low-cost carrier Air Asia is exploring all options on its dwindling operations in Japan, including closure. There have been reports that the group plans to discontinue the operations of its subsidiary, AirAsia. Japan, due to low demand after the Covid-19 pandemic. Executive Director Tan Sri Tony Fernandes …

[ad_1] KUALA LUMPUR (Oct 2): The third quarter (Q3) of this year has seen many record numbers. Rubber glove accountants, for example, reported their highest earnings, while trading volume in Bursa Malaysia rose to a record high. Sadly, the number of COVID-19 infections worldwide also reached a new peak. Here …

[ad_1] PETALING JAYA: Malaysian companies that rely heavily on foreign labor need to strengthen their practices, as reports of forced labor have emerged in the country. Most developed countries are placing emphasis on environmental, social and corporate governance (ESG) initiatives to measure the sustainability and social impact of companies and …

[ad_1] © Reuters. Investing.com – US crude stocks fell last week, defying business expectations of a rise, but long commodity investors still lost nearly 6% in September. Analysts followed by Investing.com expected a build-up of 1.57 million barrels for the week ending September 25. But the data released by the …