Wed05232018

LAST_UPDATETue, 22 May 2018 11pm

AirAsia X Signs 10-Year Deal With Australia's Avalon Airport

KUALA LUMPUR: AirAsia X has sealed a 10-year agreement with the Avalon Airport, in the Australian state of Victoria, from where the long-haul low-cost carrier will start operating later this year, the airline announced today.

Read more: AirAsia X Signs 10-Year Deal With Australia's Avalon Airport

Bank Negara, National Bank Of Cambodia To Collaborate In Fintech

KUALA LUMPUR: Bank Negara Malaysia and the National Bank of Cambodia are looking at avenues to enhance collaboration on the application of technology in financial inclusion.

Read more: Bank Negara, National Bank Of Cambodia To Collaborate In Fintech

Dow Sees Sharpest Drop Since June 2016

Pic: Getty Images

The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in US markets.

Read more: Dow Sees Sharpest Drop Since June 2016

Amazon Stock Market Value On Verge Of Eclipsing Microsoft

Pic: ReutersAmazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a day after the online retailing behemoth reported blockbuster results.

Read more: Amazon Stock Market Value On Verge Of Eclipsing Microsoft

Litigation Heavyweights Announces Deloitte As Co-Defendants

KUALA LUMPUR -- BarentsKrans, one of Europe’s mass litigation law firms, has commenced legal proceedings on behalf of aggrieved shareholders of Steinhoff International Holdings N.V. with the claim to include accountants, Deloitte as co-defendants.

Read more: Litigation Heavyweights Announces Deloitte As Co-Defendants

1,163 Units Of Properties Worth RM420 Mln Unsold In Melaka

MELAKA -- A total of 1,163 units of residential and commercial properties in Melaka which were developed over 10 years ago and worth RM420.94 million have yet to be sold to-date.

Read more: 1,163 Units Of Properties Worth RM420 Mln Unsold In Melaka

China's Insurance Industry Expects To Grow

KUALA LUMPUR China’s insurance industry is expected to continue to grow, with new rules on short-term life products and growth in non-motor property insurance.

Read more: China's Insurance Industry Expects To Grow

Naza TTDI Eyes RM745 Mln Sales This Year

Datuk Idzham Mohd Hashim.

KUALA LUMPUR -- Naza TTDI Sdn Bhd is setting a minimum sales target of RM745 million for 2018, backed by its record high unbilled sales of RM1 billion to date.

Read more: Naza TTDI Eyes RM745 Mln Sales This Year

AirAsia Offers Low Fares For Domestic, International Destinations

KUALA LUMPUR -- Low-cost carrier, AirAsia, is offering one-way base fare from as low as RM9 and RM199 for domestic and international destinations respectively to usher in the Chinese New Year.

Read more: AirAsia Offers Low Fares For Domestic, International Destinations

Bank Muamalat Clarifies New Rates

KUALA LUMPUR -- Bank Muamalat clarifies that in line with Bank Negara Malaysia’s decision to increase the overnight policy rate to 3.25 per cent, effective Feb 6, 2018, it would increase its base rate (BR) from 3.75 per cent to 3.95 per cent per annum, and not 4.00 per cent as announced earlier.

Read more: Bank Muamalat Clarifies New Rates