The collapse of Spirit will result in thousands of lost jobs and marks the first airline to fail in part due to a doubling in jet fuel prices during the two-month-old Iran war.

Channel News Asia 12 hours ago

KUALA LUMPUR: Ancom Nylex Bhd (ANB) posted a net profit of RM16.4 million on the back of RM483.9 million in revenue for the third quarter (Q3) of the financial year ended February 28, 2023 (FY23).

New Straits Times

KUALA LUMPUR: Prolexus Bhd has issued another requisition notice for an extraordinary general meeting (EGM) to remove the current South Malaysia Industries Bhd (SMIB) board of directors and nominate two new directors.

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KUALA LUMPUR: WCT Holdings Bhd will work with Malaysia Airports Holdings Bhd (MAHB) to revamp the Sultan Abdul Aziz Shah Airport (Subang Airport) in Subang Jaya, Selangor, at a cost of RM1.5 billion over three years.

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KUALA LUMPUR: Shareholders of SMRT Holdings Bhd have approved the proposed acquisition of the remaining 36 per cent stake in N'osairis Technology Solutions Sdn Bhd (NTS) from Permata Kirana Sdn Bhd for RM72 million. 

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KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) expects another exciting year, while remaining cautious in view of the potential impacts of high inflation and other uncertainties.  

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KUALA LUMPUR: MYAirline has unveiled its latest flash sale for three days from April 17, offering a special "Zero Base Fare" promotion to its passengers.

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KUALA LUMPUR: Supportive legislation, regulation and fiscal incentives globally will stimulate the supply and demand of battery electric vehicles (BEVs).

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KUALA LUMPUR: Petronas new energy arm Gentari Sdn Bhd and City Energy Pte Ltd, Singapore’s sole piped town gas producer, have signed two memoranda of understanding (MoU) to jointly conduct feasibility studies of a hydrogen supply chain from Malaysia to...

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KUALA LUMPUR: Malaysia Aviation Group (MAG) has confirmed that it has filed an injunction to stop airasia SuperApp from selling its unit Malaysia Airlines tickets on the latter’s website. 

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KUALA LUMPUR: Funding Societies, a digital finance platform for Small and Medium Enterprises (SMEs), has disbursed a total of RM13.4 billion in funding over five million loan transactions to SMEs across Southeast Asia since 2015.

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KUALA LUMPUR:  The resurgence and evolution of tourism in Southeast Asia are opening up new opportunities for communities across the region.

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KUALA LUMPUR: Clean energy solutions provider Gentari Sdn Bhd recently signed a memorandum of understanding (MoU) with Lotus Cars Malaysia to explore collaborations in green mobility infrastructure development.

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KUALA LUMPUR: Malaysia Airlines' parent Malaysia Aviation Group (MAG) posted a net profit of RM1.15 billion in the fourth quarter of 2022, its best ever quarterly performance. 

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KUALA LUMPUR: The Malaysia Reference Price (MRP) gas trend should remain favourable this year, with an expected 15 per cent to 20 per cent year-on-year (YoY) growth.

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KUALA LUMPUR: The outlook remains bright for real estate investment trusts (REITs) with retail and industrial assets, supported by healthy domestic economic growth and rising number of tourists.

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KUALA LUMPUR: The ringgit continued to slide against the US dollar in the early session today as the local currency remained in an overbought position ahead of an expected rise in US interest rates in May, said an analyst.

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KUALA LUMPUR: Bursa Malaysia's main index opened marginally higher today but turned lower thereafter, ahead of the release of China's first quarter gross domestic product (GDP) later in the day, said analysts. 

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KUALA LUMPUR: CTOS Digital Bhd is expected to continue reaping benefits from growing demand for data and analytics which are expedited by the increasing digitalisation of business operations.

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KUALA LUMPUR: A second 5G network will be good for the telecommunications (telco) industy, leading to lower access charges and better earnings, and freeing up cash flows for the telcos, some industry observers said.

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KUALA LUMPUR: Coca-Cola Bottlers (M) Sdn Bhd (Coca-Cola Malaysia) said the Malaysian market offers considerable opportunities for growth, despite the challenges affecting the food and beverage (F&B) industry such as rising commodity prices and supply c...

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KUALA LUMPUR: Malayan Flour Mills Bhd (MFM), a staple foods producer, is prepared for uncertainties this year that will likely have a major influence on commodity prices and supply chains.

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KUALA LUMPUR: Main market-listed Pertama Digital Bhd (PDB) signed a memorandum of understanding (MoU) with Kridentia Tech Sdn Bhd (KTSB) for a joint collaboration on digital information technology (IT) solutions.

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KUALA LUMPUR: Malaysia’s new vehicle sales, or total industry volume (TIV),  jumped to 78,849 units in March from 63,510 units in February.

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