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...claimed in the statement that Petronas’s assets were “not assets belonging to the government of Malaysia”, adding the country would not “capitulate to those who cynically seek to manipulate and abuse the system...
...Tony Fernandes, the Malaysian tycoon behind budget airline AirAsia, is planning to raise more than $1bn in debt and equity for his Capital A conglomerate and preparing to list some of its businesses through...
...More recently the Malaysian tycoon made headlines by posting a picture of himself receiving a massage while shirtless during a management meeting....
...“Today’s verdict demonstrates that anyone who engages in unlawful foreign-sponsored efforts to influence American officials, our elections, or the criminal justice system will be brought to justice.”...
...Tony Fernandes, owner and chief executive of the Malaysian airline, told the Financial Times that AirAsia was looking at potential acquisitions in the Philippines, Cambodia and Vietnam after buying the Thailand...
...News round-up Virgin Media O2 buys Russian-backed broadband provider (FT) BAE Systems’ pension scheme awards £23bn mandate to Goldman Sachs (FT) WeWork tells landlords it will renegotiate most office...
...A court in the Netherlands has found three men with links to the Russian military guilty of murder for their roles in the downing of Malaysia Airlines flight MH17 over eastern Ukraine in 2014, sentencing...
...It wasn’t a very convincing story to say you’re going to start up an airline when you’re from the music business, with no money, and go up against Malaysia Airlines, Singapore Airlines and the like,” he...
...Najib Razak, the former Malaysian prime minister convicted of money laundering linked to the 1MDB embezzlement scandal, has lost a final bid to overturn his 12-year prison sentence....
...Unlike typical sovereign wealth funds created when countries have budget surpluses, the original bill enlisted pension funds — the Government Service Insurance System and the Social Security System — to...
...The system assesses the dangers and the business lines involved....
...After a US jury convicted former Goldman Sachs banker Roger Ng in connection with the fraud this year, upcoming hearings in Malaysia will be seen as a test of the country’s judicial system....
...Shares in AirAsia’s long-haul unit jumped after the Malaysian airline said its investors had approved a restructuring plan that could pave the way for it to resume commercial operations when international...
...On the top deck, I bumped into an Australian pilot for Cathay, the city’s flagship airline, who had been grounded for 14 months....
...That same month the airline, whose shares have fallen 39 per cent this year, warned of “an imminent default of contractual commitments [that] will precipitate a potential liquidation of the airline” barring...
...“AirAsia was a profitable airline and was potentially sustainable had it not added capacity rather recklessly,” said Nungsari Ahmad Radhi, ex-executive chairman of the Malaysian Aviation Commission....
...As part of the settlement, Malaysia’s Securities Commission will require AmBank to take measures including improving due diligence systems....
...The pandemic has pummelled the Malaysian airline....
...The proposed restructuring comes as the future of AirAsia, owned by Malaysian tycoon Tony Fernandes, hangs in the balance....
...The company has pulled out of Japan and its Indian airline, a joint venture with the Tata Group, has come under renewed scrutiny after reports the Malaysian business had stopped funding it....
...Tycoon Tony Fernandes envisaged an airline with rock-bottom fares when he bought AirAsia from the Malaysian government nearly two decades ago....
...The latest crunch highlights Malaysian aviation’s long struggle with chronic overcapacity. Malaysia is not populous. But it has three airlines....
...Malaysian sovereigns issued $15.77bn in total value in the first half, followed by Indonesian sovereigns at $12.72bn and the Saudi government’s $9.95bn....
...Beyond dealing with coronavirus, the Malaysian airline was this year pulled into a UK bribery investigation of Airbus....
...The Netherlands has launched a European Court of Human Rights case against Russia over the 2014 downing of Malaysian Airlines flight MH17, in the latest escalation of its efforts to force Moscow to take...
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