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Search resuls for: "Malaysia’s"


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Airbus sells six jets rejected by AirAsia, denting surplus: sources
  + stars: | 2020-11-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Fuselage sections of Airbus A320-family aircrafts are seen at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, July 1, 2020. REUTERS/Stephane Mahe/File PhotoPARIS (Reuters) - Airbus has found homes for six A320neo-family aircraft rejected by one of its largest customers, Malaysia’s AirAsia, as it makes further progress in reducing an overhang of jets left by the coronavirus crisis, industry sources said. The fate of the jets had been widely watched as they became an emblem of pandemic-induced problems in the aerospace industry coupled with a chill in ties between two of its major players. In an unusually open rift as the crisis deepened, Airbus placed six jets it had built for AirAsia on sale by an industry tender after the carrier publicly halted taking new aircraft. Airbus provided no comment.
Persons: Stephane Mahe Organizations: Airbus, REUTERS, PARIS, Malaysia’s AirAsia, AirAsia Locations: Montoir, Bretagne, Saint, Nazaire, France
Airbus re-sells six jets built for AirAsia, denting surplus
  + stars: | 2020-11-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
PARIS (Reuters) - Airbus has found homes for six A320neo-family aircraft rejected by one of its largest customers, Malaysia’s AirAsia, as it makes further progress in reducing a surplus of jets left by the coronavirus crisis, industry sources said. In an unusually semi-public rift as the crisis deepened, Airbus in April placed six jets it had built for AirAsia on sale by tender after the carrier halted taking jets. Airbus has been steadily increasing deliveries as it strikes deals with airlines to reschedule deliveries or store jets. The redeployment of AirAsia aircraft is expected to trim the surplus further as deliveries top output in November. AirAsia said in April it would stop taking deliveries of any Airbus jets this year and review remaining orders.
Organizations: PARIS, Airbus, Malaysia’s AirAsia, AirAsia, Reuters, Boeing, Air Locations: Air Asia
Airbus re-sells six unwanted jets built for AirAsia
  + stars: | 2020-11-27 | by ( Tim Hepher | ) www.reuters.com + 0.00   time to read: +2 min
Tensions became unusually public when Airbus in April invited tenders for six jets that AirAsia had failed to take delivery of. It has now found homes for all six, the last of which is being delivered this month, a European industry source told Reuters. Airbus has been steadily increasing deliveries as it strikes deals with airlines to reschedule deliveries or store jets. AirAsia said in April it would stop taking deliveries of all Airbus jets this year and review remaining orders. The European source said AirAsia remained an important partner for Airbus.
Organizations: PARIS, Airbus, Malaysia’s AirAsia, AirAsia, Reuters, Boeing, IBA Group, Air, overcapacity Locations: Air Asia, Southeast Asia
Covid-19 Infections Surge at One of World’s Largest Medical Glove Makers
  + stars: | 2020-11-27 | by ( Jon Emont | Chester Tay | ) www.wsj.com sentiment -0.99   time to read: +1 min
Malaysia’s government this week counted 83 active clusters of infections connected to workplaces around the country, most prominently an industrial area that houses the world’s largest glove manufacturer. The company stopped work in at least 20 of its 41 factories in Malaysia and reduced operations at others, according to its statements. Outbreaks have also centered on a Kuala Lumpur construction site, which is linked to more than 1,500 infections, and a logistics company tied to dozens of cases in the nation’s south. Another cluster linked to factory work grew to more than 1,000 infections and has spread to three states in the country, according to the health ministry. By May, the country had eased restrictions on movement and joined the club of east Asian nations that have subdued the virus.
Persons: Malaysia’s Organizations: Corporation Bhd Locations: KUALA LUMPUR, Malaysia, Kuala Lumpur
SINGAPORE — Top Glove, the world's largest medical glove maker, has shut 20 manufacturing sites in Malaysia after thousands of workers tested positive for Covid-19. A total of 2,684 Top Glove employees — most of them foreign workers — have tested positive as of Wednesday, local media reported, citing Malaysia's Senior Minister for Security and Minister of Defence Ismail Sabri Yaakob. Authorities in the country are testing all Top Glove workers in the affected factories and dormitories for the coronavirus. Minister of International Trade and Industry Mohamed Azmin Ali told CNBC on Thursday that the government hopes to "mitigate this problem within next two weeks." Azmin pointed out that Top Glove was one of companies allowed to continue with full operations throughout Malaysia's lockdown, given its importance to both the local and global markets.
Persons: Ismail Sabri Yaakob, Industry Mohamed Azmin Ali, CNBC's, Azmin Organizations: Malaysia's, Security, Authorities, of International Trade, Industry, CNBC Locations: SINGAPORE, Malaysia
Malaysia's PM Muhyiddin faces bellwether vote on 2021 budget
  + stars: | 2020-11-25 | by ( Joseph Sipalan | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: Malaysia's Prime Minister Muhyiddin Yassin speaks during opening remarks for virtual APEC Economic Leaders Meeting 2020, in Kuala Lumpur, Malaysia November 20, 2020. REUTERS/Lim Huey TengKUALA LUMPUR (Reuters) - Malaysia’s parliament will on Thursday decide whether to approve the government’s 2021 budget, in a vote that could decide Prime Minister Muhyiddin Yassin’s political future as the country grapples with a coronavirus-induced health and economic crisis. Malaysia’s saw its cumulative cases rise by over four-fold since September to nearly 60,000 on Wednesday, in the aftermath of an election in Sabah state in Borneo. On Tuesday, 20 members of the executive from his ruling coalition’s largest bloc, which is led by the United Malays National Organisation (UMNO) former ruling party, pledged support for Muhyiddin and his budget. But the premier faces dissent in UMNO, whose backing remains tenuous after former leader and Prime Minister Najib Razak attempted to broker conditional support for Anwar from among the party’s lawmakers.
Persons: Muhyiddin Yassin, Lim Huey, Muhyiddin, Anwar Ibrahim, Malaysia’s, Najib Razak, Anwar, , Adib Organizations: Malaysia's, APEC, REUTERS, Reuters, United Malays National Organisation Locations: Kuala Lumpur, Malaysia, KUALA LUMPUR, Sabah, Borneo
Tech giants ask Malaysia PM to reinstate foreign ship cable waiver: report
  + stars: | 2020-11-24 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Without this waiver, foreign vessels must apply for domestic shipping licensing exemption (DSLE), leading to longer repair times, the companies said in a letter to the Malaysian premier, which was cited by Malaysiakini in a report on Monday. “It does not project regulatory stability or a policy environment that is conducive to foreign investment,” the tech giants were quoted as saying by Malaysiakini. Transport Minister Wee Ka Siong told parliament on Tuesday the decision to lift the cabotage exemption takes into consideration the outflow of foreign money via freight payments. “The Transport Ministry’s responsibility is to protect the interests of Malaysians and foster the domestic shipping industry, this was not a unilateral decision,” Wee said. Foreign vessels can apply for a domestic shipping license to carry out services that cannot be met by domestic ships by using an electronic system, the minister added.
Persons: Malaysiakini, Wee Ka Siong, ” Wee Organizations: Reuters, Microsoft, Google, Facebook, Malaysia’s, Ministry, Malaysian, Transport Ministry, Malaysia Internet Exchange, Transport, Wee Locations: KUALA LUMPUR, Malaysian, Malaysia
In Malaysia's Sabah, pandemic rages as migrants flee testing
  + stars: | 2020-11-23 | by ( Rozanna Latiff | ) www.reuters.com + 0.00   time to read: +4 min
Sabah accounts for nearly half of Malaysia’s 54,775 recorded COVID-19 infections and over half its 335 deaths despite having barely a tenth of the Southeast Asian country’s population. But health officials fear the real picture could be much worse as people evade screenings in fear of detention or deportation. As of Nov. 17, nearly a fifth of the state’s infections involved foreigners, according to government data obtained by Reuters. The data included both documented and undocumented migrants. But the response has been lukewarm to say the least.”Malaysia’s crackdown on undocumented migrants since the start of the pandemic has also worsened fears among vulnerable communities, rights groups say.
Persons: Surau Al Falah, COVID, ” Ahmad Han, Masidi Manjun, ” Masidi, , they’re, Masidi, , Ahmad Kamil of, Al Falah Organizations: Reuters, Surau Al Falah Semporna Aid Agency, Handout, REUTERS, Tawau Locations: KUALA LUMPUR, Sabah, Malaysia, Malaysia’s Sabah, Borneo, Semporna, Philippines, Indonesia, COVID
Malaysia Airlines seeks aid from wealth fund Khazanah, creditor talks continue
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
An airport employee beside a Malaysia Airlines plane at Kuala Lumpur International Airport in Sepang, Malaysia, July 22, 2019. REUTERS/Lim Huey TengKUALA LUMPUR (Reuters) - Malaysia Airlines’ parent company has sought financial aid from its sole shareholder, the nation’s sovereign wealth fund, as debt restructuring talks with creditors drag on, the company said on Saturday. The group said it remains in talks for a restructuring and that it was targeting a commercial agreement in the first week of December. Malaysia Airlines is seeking to restructure after the COVID-19 pandemic forced it to slash operations. Chief Executive Izham Ismail told staff in a memo last month that the restructuring talks were taking longer than planned.
Persons: Lim Huey, Malaysia’s, Khazanah, lessors, Izham Ismail Organizations: Malaysia Airlines, REUTERS, Reuters, Malaysia Airlines ’, “ Malaysia Aviation Group Locations: Kuala Lumpur, Sepang, Malaysia, KUALA LUMPUR, Nasional
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