Business

KUALA LUMPUR – Malaysian Airlines and Japanese Airlines are set to launch a joint partnership on July 25, 2020, where the two airliner will cooperate commercially on flights between Malaysia and Japan According to the joint statement released, This initiative will enable both airlines to enhance their capabilities and leverage on each other’s strengths. With the Japanese’ precision in service …

MANILA – The House of Representatives Committee on Legislative Franchises on Friday denied the franchise bid of media giant ABS-CBN after a series of hearings. In a vote of 70 to 11, the Legislative franchise committee has crushed the network’s hope to continue its operations under a fresh franchise. According to the legislators, they have voted to deny the application …

KUALA LUMPUR – AirAsia Group Bhd has received a backing support from certain financial institution for more than RM1 billion, One day after its auditor cast doubt on the company’s ability to continue the business. AirAsia CEO Tan Sri Tony Fenandes said that the portion of the debt funding would be eligible under the Danajamin Prihatin Guarantee Scheme. The airline …

PETALING JAYA – AirAsia Group Berhadposted revenue of RM2.31bil in the first quarter, an almost RM800mil loss compared to the RM2.73bil revenue posted last year. AirAsia chief executive officer Tan Sri Tony said in a statement that the current period is by far “the toughest challenge” the company has ever faced. He added that AirAsia have been restructed the group …

MANILA – House speaker Alan Peter Cayetano said on Monday that Lawmakers should vote on their conscience on whether they would allow another 25-year franchise to the media titan ABS-CBN. Cayetano said that the house will not be imposing the lawmakers on how they should vote and would just allow the legislators to decide on their own. “Well, I cannot …

Citizens were busy protesting the ice cream producer Aice, PT Alpen Food Industry (AFI) on social media. Through the hashtag #BoikotAice or boycott Aice ice cream on Twitter, Monday, July 6. This protest became trending on Twitter Indonesia. The citizens echoed their anger at Aice Indonesia for demanding the welfare of the workers employed by the company. This citizens’ anger …

MANILA – The Department of Finance (DoF) may be consider banning the online selling of sin products such as liquor and ciggarettes in a bid to prevent the spread of counterfeit items. Finance Secretary Carlos Dominguez said that they will move to ban the online sales of ‘sin’ products if seller found to have sold it to minors. Trade Secretary …

As part of the FGV’s transformation agenda, MPC is a systematic initiative to strengthen, standardize and sustain best practices in planting and manufacturing. FGV said the framework provides broad national requirements for farming, refining, and production working processes and agricultural activities. In fact, the pilot project began in 2019 at the estate of Tembangau 6 in Pahang and the oil …

The Business Competition Supervisory Commission (KPPU) has imposed fines on PT Solusi Transportation Indonesia (Grab Indonesia) and PT Telekomunikasi Indonesia (TPI). Both companies are considered to have violated Article 14 and Article 19 of Law Number 5 Year 1999 concerning the Prohibition of Monopolistic Practices and unfair business competition. As a result, Grab is fined for Rp 30 billion consisting …

Thailand’s red-light districts reopened on Wednesday after more than three months with performers wearing bikini’s as well as face masks. The face masks are a mandatory requirement to stop the spread of coronavirus. Bars, karaoke venues and massage parlous were in the latest category of businesses allowed to reopen with conditions. Thailand has gone 37 days since recording any local …