Khazanah Called in to Make the Save
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0.05 - The Edge Financial Daily reports that Khazanah Nasional has pumped another RM300 million into the airlines’ holding company, Malaysia Aviation Group to help with the operation of the business. Under MRP, Malaysia Airlines was to have broken even in 2018, and be profitable and listed in 2019. CEO, Izham Ismail blames the poor performance on crew shortage, competition, volatility in fuel prices and forex.
4.04 - According to sources cited by New Straits Times, the government has a proposal to take over of 15 highways for a total amount of 43 billion ringgit. Khazanah Nasional will set up a special purpose vehicle (SPV) called a highway trust and will buy the concessions on the government’s behalf. This may prove to be a better alternative to the Finance Ministry’s highway buyout.
Presented by: Lyn Mak, Wong Shou Ning, Sharidz Abdullah
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