AirAsia, AirAsia X lose bid for MAVCOM judicial review

27 June 2019 Malaysia’s High Court has dismissed applications made by AirAsia and AirAsia X seeking a judicial review of the Malaysian Aviation Commission’s (MAVCOM) decision not to mediate a dispute between the carriers and Malaysia Airports (MAHB). Both carriers acknowledged that their application was dismissed “with no costs,” and they will review the decision … Continue reading AirAsia, AirAsia X lose bid for MAVCOM judicial review

MAHB passenger numbers seen at over 100 million in 2019

20 June 2019 Malaysia Airports Holdings Bhd (June 19, RM8.51) Maintain buy with an unchanged target price (TP) of RM8.80: The Malaysian Aviation Commission (Mavcom) released its second consultation paper for the framework of aeronautical charges. With regard to the regulatory-based asset framework, Malaysia Airports Holdings Bhd (MAHB) submitted a nominal pre-tax weighted average cost … Continue reading MAHB passenger numbers seen at over 100 million in 2019

UnionPay and ERL Join “Go Cashless on Public Transport” Campaign to Accelerate Cashless Payments on Public Transportation

19 June 2019 Global payment brand UnionPay and Express Rail Link Sdn Bhd (ERL) today announced their participation in the new “Go Cashless on Public Transport” campaign by the Ministry of Transport Malaysia, to accelerate the use of cashless payments on public transportation in support of the national cashless movement. Consumers who are travelling on … Continue reading UnionPay and ERL Join “Go Cashless on Public Transport” Campaign to Accelerate Cashless Payments on Public Transportation

Damansara Realty partners state investment arm in RM771 million mixed development

18 June 2019 Damansara Realty Bhd is partnering Negeri Sembilan’s state investment arm, the Menteri Besar Negeri Sembilan (Inc) (MBNSI), to jointly develop a RM771 million mixed development in Bandar Sri Sendayan, Negeri Sembilan. In a filing with Bursa Malaysia, Damansara Realty said it had accepted a letter of award from MBNSI for the joint-development … Continue reading Damansara Realty partners state investment arm in RM771 million mixed development

Malaysia Airports recognised for green initiatives

10 June 2019 MALAYSIA Airports Holdings Berhad (MAHB) has received the Asia Responsible Enterprise Award (AREA) 2019 for spearheading sustainable green initiatives and creating value to the aviation industry. The airport operator received the award for its sustainability initiatives on klia2 at the awards ceremony in Taipei, Taiwan. Sixty-four projects and business leaders were honoured … Continue reading Malaysia Airports recognised for green initiatives