Khazanah’s profit from operations stood at RM7.4bil in 2019.
In 2020, Khazanah’s dividend income from investee companies rose to RM5.2bil from RM3.8bil but was offset by lower divestment gains of RM2.7bil compared to RM9.9bil in 2019.
The sovereign wealth fund said the impact of the Covid-19 pandemic led to higher impairments of RM6bil, particularly in aviation and hospitality assets, compared to RM4.9bil in the previous year.
Its financial position remained strong with debt reduced by 6% to RM43.1bil from RM45.8bil in 2019, while realisable asset value cover fell slightly to 2.9 times from 3.0 times.
In a statement Thursday, managing director Datuk Shahril Ridza Ridzuan said 2021 will continue to be a challenging year.
Thursday, 04 Mar 2021 10:37 PM MYT
Travellers are pictured at the Kuala Lumpur International Airport in Sepang March 18, 2020. The airport is looking to upgrade its offerings by providing private health safety screening services for passengers to enjoy faster clearance upon arrival. Picture by Shafwan Zaidon
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KUALA LUMPUR, March 4 Kuala Lumpur International Airport (KLIA) is looking to upgrade its offerings by providing private health safety screening services for passengers to enjoy faster clearance upon arrival at the airport.
Malaysia Airports Holdings Berhad (MAHB) chairman, Datuk Seri Zambry Abd Kadir said the move was expected to enhance passenger experience as they could undergo the test and wait for their results in comfortable surroundings.
SAFE, not sorry
SECURITY SCREENING ROUND-UP
COVID-19 may be top of every agenda, but the focus on pandemic proofing facilities doesn’t mean that airports are dropping the ball when it comes to other important issues – security least of all. Here we look at some of the latest developments in the airport security sector
Malaysia Airports has launched Airports 4.0, aimed at digitalising operations, including security
Malaysia Airports
Singapore security upgrade
Singapore’s Changi Airport Group has awarded a three-year contract to Montréal-based Genetec for the upgrade and enhancement of its security system. The work is due to be completed by the end of 2023 and will see Genetec Security Center, a unified security platform that blends IP security systems within a single intuitive interface, underpinning the airport’s security operations, with a specific focus on the video surveillance system across its terminals. The contract was awarded to Genetec following a competi
COVID-19: How Southeast, South Asian Airlines are faring laosnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laosnews.net Daily Mail and Mail on Sunday newspapers.