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2 mentions found

Malaysia Airlines seeks aid from wealth fund Khazanah, creditor talks continue
  + stars: | 2020-11-21 | by ( Reuters Staff | ) 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
Neglect of migrant workers could hurt Malaysia's economic recovery
  + stars: | 2020-11-05 | by ( Yen Nee Lee | ) + 0.00   time to read: +8 min
... migrant workers have been a very integral part of Malaysia's economy, and the failure to protect migrant workers' jobs would actually have a spill-over effect on the survival of industries and businesses. Dimming employment prospectsMalaysia is home to around 2 million documented migrant workers, comprising around 15% of the total workforce, said Jarud. Tan is a research analyst at a Singapore-based charitable organization, The Head Foundation, but wrote the report on Malaysia's migrant workers in a personal capacity. She pointed out that several industries are heavily dependent on migrant workers, including manufacturing, construction, agriculture, forestry and fishing. What drives a successful transformation of Malaysia's economy is a foundation of sound labor, industrial and educational policies — and not the removal of migrant workers.
Persons: Saeed Khan, Rahman Roslan, Jarud, Tan Theng, Saw, Tan Theng Theng, Tan, shouldn't, Organizations: AFP, Getty, SINGAPORE — Researchers, International Labor Organization, United Nations, Migrants, Reuters, Malaysian, Khazanah Research Institute, London School of Economics, Asia Centre, Malaysia's Ministry of Human Resources, ILO, Trade, Malaysia, International Organization for Migration, LSE, Asia, Foundation, Monetary Fund Locations: Kuala Lumpur, Malaysia, Covid, Khazanah Nasional, Hock, Asia, Malaysian, Singapore, Tan
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