KUALA LUMPUR: The restructuring of Malaysia Aviation Group Bhd’s finances has resulted in a cost saving of RM10bil, said the Finance Ministry.The ministry said Covid-19 pandemic had given the parent company of Malaysia Airlines Bhd a chance to restructure its financial position in March 2021.The ministry was responding to a question by Teresa Kok on the strategy used by Khazanah Nasional in making MAGB’s recording an operating profit of RM889mil in 2023.
As for the group’s long-term plan, the Finance Ministry said the goal is to strengthen MAGB’s position to make it among the Skytrax Top 10 aviation companies of by 2030. The group posted a net profit of RM766mil for the financial year ended Dec 31, 2023 , a first since its inception in 2015.Surface temps in Peninsular Malaysia up by 0.24�C per decade since 1969, Dewan Rakyat told
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No foreign ownership, govt to retain full control of MAHB, says Finance MinistryMANILA: Senator Imee Marcos warned that 25 areas in the country could be targets of a possible Chinese hypersonic missile attack due to the increase in Enhanced Defense Cooperation Agreement (Edca) sites and the brewing tensions in the West Philippine Sea.
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RM6.98bil withdrawn from EPF Account 3 to date, says Finance Ministry(Reuters) - Online comics platform Webtoon Entertainment said on Wednesday it has priced its initial public offering of 15 million shares at $21 per share.
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Finance Ministry: 3.45 million EPF members transferred RM10.86b to Flexible Account as of June 10KUALA LUMPUR, June 27 ― A total of 3.45 million or 26.6 per cent of Employees' Provident Fund (EPF) members under the age of 55, have opted to transfer RM10.86 billion...
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Applications for refunds under SKDS 2.0 to begin on July 1, says Finance MinistryJAKARTA (Reuters) - The bulk of Indonesian government data affected by a recent ransomware cyberattack was not backed up, officials said, in an incident that has exposed the lack of preparations for such an attack in Southeast Asia's biggest economy.
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Subsidised Diesel Control System 2.0: Finance Ministry says applications for refunds open on July 1PUTRAJAYA, June 28 — The government will begin accepting applications for refunds from recipients of the Subsidised Diesel Control System (SKDS) 2.0 on July 1, according to the...
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SKDS Subsidised Diesel Control System 2.0 – subsidy refund applications open July 1, says finance ministryThe Malaysian government will begin accepting applications for subsidy refunds for recipients of the subsidised diesel control system 2.0 (SKDS 2.0) from July 1, the ministry of finance has announced. The SKDS 2.0 subsidy facility …
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