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 …

According to a former U.S. economic envoy to China, It’s time for the United States to balance the influence in the region as China is emerging as a bigger threat to its relationship with the South East Asian countries. Economist David Dollar studied the China’s Belt and Road initiative as this maybe the main tool used by Beijing to spread influence …

A proposal for a stabiliser fund to support the battered stock market is scheduled to be vetted by Prime Minister Prayut Chan-o-cha on Monday. According to Deputy Prime Minister Somkid Jatusripitak, who discussed the issue yesterday with the Finance Ministry, the Stock Exchange of Thailand (SET), the Securities and Exchange Commission (SEC) and the Bank of Thailand, all parties agreed …