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Showing posts with the label Tan Sri Tony Fernandes

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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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Capital A’s Road to Recovery: Tony Fernandes Aims for a Turnaround in 2025

Key Highlights: Tony Fernandes sees 2025 as a "rebuilding year"  as Capital A restructures to exit PN17 status. Sale of AirAsia’s aviation business to AirAsia X (AAX) for RM6.8 billion  is critical to resolving Capital A’s financial struggles. Regulatory approvals and court rulings pending , with a crucial hearing set for late March. Capital A seeks to cut costs, optimize routes, and restart 14 grounded planes  to reduce cash burn. Saudi Arabia’s PIF rumored to invest RM1 billion in AirAsia Group Bhd (AAGB)  as part of the restructuring deal. BigPay, Capital A’s fintech unit, is struggling, and a partner is sought to take over leadership. Tony Fernandes’ Vision: A Year of Rebuilding Capital A Bhd, the parent company of  AirAsia , is at a crucial turning point in its financial recovery. CEO  Tan Sri Tony Fernandes  has laid out an aggressive plan to restore profitability, exit  PN17 status , and  rebuild the airline’s competitive edge  in...
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Malaysia Weekly Highlights

MALAYSIA WILL ONLY SIGN TPPA IF BENEFICIAL Malaysia will only sign TPPA if beneficial Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar said Malaysia will only agree to the Trans Pacific Partnership Agreement (TPPA) if the terms are beneficial to the country. "Malaysia will only enter into the TPPA if it is mutually beneficial, on terms that we can agree to," said Wahid. He said that the agreement touches various issues, such as the Bumiputera policy, government procurement and state-owned enterprises. "The text will be finalised over the next 30 days or so. After that, it will be made public and it will go for tabling in parliament," he said. AGC SAY NO TO BANK NEGARA's REQUEST AGC: No offence by 1MDB The Attorney General's Chambers (AGC) has decided that no offence was committed by 1Malaysia Development Berhad (1MDB) based on an investigation paper (IP) by Bank Negara and no further action sh...
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