UK lawsuit will dampen AAX’s ability to recover from COVID-19, says MIDF

KUALA LUMPUR, Sept 7 (NNN-BERNAMA) — The US$22.98 million (RM95.33 million) lawsuit filed in the United Kingdom for alleged breach of contract against AirAsia X Bhd (AAX) will further heighten the risk on the long-haul carrier’s ability to safely ride out the COVID-19 pandemic, says a research house. In a research note, MIDF Amanah Investment…

Iran Seeks To Finalise Tourism Visa Waiver Deal With Russia

TEHRAN, Sept 6 (NNN-IRNA) – Iranian Minister of Cultural Heritage, Tourism and Handicrafts, Ali Asghar Mounesan, said that, he will visit Russia for talks on tourism visa waiver deal, Eghtesad Online news website reported yesterday. Iran and Russia relaxed visa procedure for traders and science tourism in Feb, 2016. Mounesan’s…

Cambodian PM Says Globalisation, Multilateral Trade Vital For Global Growth, Poverty Reduction

PHNOM PENH, Sept 6 (NNN-AKP) – Cambodian Prime Minister, Samdech Techo Hun Sen said, strengthening globalisation and multilateral trade are crucial to support global economic growth and reducing poverty. The prime minister made the remarks at the Global Manufacturing and Industrialisation Summit, held virtually from Sept 4 to 5, and…

Supertanker Fire Off Sri Lanka Under Control, Firefighting Continues: Indian Coast Guard

NEW DELHI, Sept 6 (NNN-PTI) – Indian Coast Guard (ICG) yesterday said, the fire on a supertanker has been reduced, and the tanker has been pushed away from Sri Lanka’s coast into deeper waters. An ICG spokesman said, the firefighting operation was still underway. “ICG and Sri Lankan ships and…

India’s COVID-19 Tally Surpasses Four Million, Deaths Near 70,000

by Pankaj Yadav NEW DELHI, Sept 6 (NNN-XINHUA) – India’s COVID-19 tally surpassed four million yesterday, reaching 4,023,179, while the number of deaths soared to 69,561, according to the federal health ministry’s data. According to the data, as many as 86,432 new COVID-19 cases and 1,089 deaths were recorded during…

American-M’sian business chamber urges govt to reconsider entry ban on foreign citizens

File photo of Executive Director of American Malaysian Chamber of Commerce (AMCHAM), Siobhan M.Das. Photo courtesy of BERNAMA KUALA LUMPUR, Sept 4 (NNN-BERNAMA) — The American Malaysian Chamber of Commerce (AMCHAM) has urged the government to reconsider the blanket entry ban on foreign citizens from 12 countries, including the US, which will take effect on…

National oil company Petronas assures there will be no retrenchment

KUALA LUMPUR, Sept 4 (NNN-BERNAMA) — Petroliam Nasional Bhd has given its assurance that there will be no reduction in the number of employees or retrenchment in the national oil company, although the group is in the midst of trimming capital cost to strengthen its resiliency.  However, it is mulling a pay cut in light of the…

Goldman Sachs freed from charges related to 1MDB bonds sale

KUALA LUMPUR, Sept 4 (NNN-BERNAMA) — The High Court here Friday acquitted and discharged UK-based Goldman Sachs International Ltd and its two Asian entities, Goldman Sachs (Asia) LLC and Goldman Sachs (Singapore), from the charges related to the sale of 1Malaysia Development Berhad (1MDB) bonds amounting to RM27.2 billion (US$6.5…

Malaysia among top five non-EU countries sending students to UK

KUALA LUMPUR, Sept 4 — British High Commissioner to Malaysia Charles Hay (left) exchanging pleasantries with 38 Malaysians who received the Chevening scholarship at his official residence yesterday. Hay said the Chevening Secretariat received some 800 applications from Malaysians, of which only 38 were selected to undertake studies in various…

Prostitution syndicate offers service on credit to customers – Police

JOHOR BAHRU, Sept 3: Johor Police Chief Datuk Ayub Khan Mydin Pitchay showing the photos of suspected members of a prostitution syndicate that offers services on credit basis to customers, especially foreigners. JOHOR BAHRU, Sept 3 (NNN-BERNAMA) — Enjoy the service first, pay later, that is one of the methods…
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