APAC economy continues to show resilience in face of inflation
KUALA LUMPUR: The economy of the Asia-Pacific (APAC) region continues to show resilience in the face of inflation caused by sanctions on Russia, goods and commodities shortages after the invasion of Ukraine, as well as local shutdowns in China due to the republic’s zero-COVID policy. Moody’s Analytics in a note today said China’s economic indicators […]
Sacofa appoints Al-Fazirul as managing director
KUCHING: Al-Fazirul Abdullah has recently been appointed as the managing director of Sacofa Sdn Bhd (Sacofa). With this, Sacofa Board of Directors looks toward his strong leadership and vast experience to take the company to greater heights in the future. Al-Fazirul has well over 25 years of experience working for large multinational organisations such as […]
Subang Airport Terminal 2 redevelopment driven by demands
KUALA LUMPUR: The Terminal 2 of Sultan Abdul Aziz Shah Airport (SAAS, Subang Airport) will be redeveloped into state-of-the-art hangarages for business aviation, driven by demands from local champions. In a statement today, Malaysia Airports Holdings Bhd (MAHB) said the local champions who are currently operating in the airport such as Berjaya Air Sdn Bhd […]
Malaysia’s diverse exports to help mitigate lockdown impact
KUALA LUMPUR: Malaysia’s diverse export destinations and products should help to mitigate the impact of a prolonged national lockdown through the end of June, Moody’s Investors Service said today. Malaysia imposed the nationwide movement control order (MCO 3.0) starting June 1 after daily cases hit 8,000. From an initial two weeks, it was extended for […]
APAC to lead economic recovery post Covid-19 recession
KUALA LUMPUR: The Asia-Pacific (APAC) region’s economic recovery will take the lead from the rest of the world as it recovers from the Covid-19 recession. Moody’s Analytics chief APAC economist Steve Cochrane said this is after much of the region will have regained all of its lost output by the end of 2021, although India […]
