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MACC clears AirAsia, Sabah Development Bank of any wrongdoing over expeditious approval of RM300m loan

KUALA LUMPUR (March 17): The Malaysian Anti-Corruption Commission (MACC) has cleared both AirAsia Group Bhd and Sabah Development Bank Bhd (SDB) of any wrongdoing with regard to a RM300 million loan SDB extended to AirAsia.
In a statement by the board of directors (BOD) of SDB to the trustee for bondholders dated Jan 15, 2021, which was sighted by theedgemarkets.com, SDB chairman Datuk Pengiran Hassanel Pengiran Mohd Tahir updated that the files and documents required by the MACC to assist in the investigation had all been returned.
The MACC has further confirmed that the investigation did not produce any evidence of wrongdoing under the Malaysia Anti-Corruption Commission Act 2009, the statement read. ....

Kuala Lumpur , Kota Kinabalu , Mohd Shafie Apdal , Hajiji Noor , Sabahs Karunanithy , Sabah Development Bank Bhd , Airasia Group Bhd , Corruption Commission , Malaysian Anti Corruption Commission , Datuk Pengiran Hassanel Mohd Tahir , Malaysia Anti Corruption Commission Act , Warisan Plus , Minister Datuk Seri Hajiji Noor , Datuk Seri Mohd Shafie Apdal , Bursa Malaysia , குவாலா லம்பூர் , சபா வளர்ச்சி வங்கி ப்ட் , ஊழல் தரகு , மலேசியன் எதிர்ப்பு ஊழல் தரகு , மலேசியா எதிர்ப்பு ஊழல் தரகு நாடகம் ,

Airline rescues and restructuring gathering speed, but headwinds abound

MALAYSIA Airlines Bhd (MAS) appears to have a head start on its closest rivals AirAsia Group Bhd, AirAsia X Bhd (AAX) and Malindo Airways Sdn Bhd after closing a restructuring deal that sees it emerging with a stronger balance sheet, having eliminated some RM10 billion in debt.
Last week, the UK court approved the national airline’s plan to restructure more than RM15 billion in liabilities, which effectively removes “decades-long legacy issues in its balance sheet”, its parent Malaysia Aviation Group Bhd (MAG) says. The plan includes a RM3.6 billion lifeline from its sole shareholder Khazanah Nasional Bhd to support the carrier’s new five-year business plan, which envisages MAS returning to profitability from 2022. ....

Kuala Lumpur , Hong Kong , United Kingdom , Khair Mirza , Khazanah Nasional Bhd , Airasiax Bhd , Stanley Choi Chiu , Sepang Sdn Bhd , Asia Pacific Conrad Clifford , Shukor Yusof , Macquarie Aircraft Leasing Services Ireland Ltd , Sabah Development Bank Bhd , Malindo Airways Sdn Bhd , Boom Ltd , Head Shoulders Financial Group , Kuala Lumpur International Airport , Lion Air Group , Aviation Ltd , Sky High Leasing Co Ltd , International Lease Finance Corp , Hong International Entertainment Corp , Airasia Group Bhd , Malaysia Aviation Group Bhd , Malaysia Airlines Bhd , International Air Transport Association , Endau Analytics ,

Malaysia's AirAsia Group expects fundraising clarity next month, eyes recovery by 2023

Malaysia's AirAsia Group expects fundraising clarity next month, eyes recovery by 2023
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , Liz Lee , Tony Fernandes , Sabah Development Bank Bhd , Airasia Group Bhd , Executive Officer Tony Fernandes , Sabah Development Bank , Louise Heavens , குவாலா லம்பூர் , லிஸ் லீ , டோனி பெர்னாண்டஸ் , சபா வளர்ச்சி வங்கி ப்ட் , நிர்வாகி அதிகாரி டோனி பெர்னாண்டஸ் , சபா வளர்ச்சி வங்கி , லூயிஸ் வானம் ,

Malaysia's AirAsia Group expects fundraising clarity next month, eyes recovery by 2023

Malaysia's AirAsia Group expects fundraising clarity next month, eyes recovery by 2023
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , Liz Lee , Tony Fernandes , Sabah Development Bank Bhd , Airasia Group Bhd , Executive Officer Tony Fernandes , Sabah Development Bank , Louise Heavens , குவாலா லம்பூர் , லிஸ் லீ , டோனி பெர்னாண்டஸ் , சபா வளர்ச்சி வங்கி ப்ட் , நிர்வாகி அதிகாரி டோனி பெர்னாண்டஸ் , சபா வளர்ச்சி வங்கி , லூயிஸ் வானம் ,

AmBank, SDB offer RM100 mil financing to help Sabah SMEs

KUALA LUMPUR (Jan 21): AmBank Group and Sabah Development Bank Bhd (SDB) are offering RM100 million worth of financing to help small and medium enterprises (SMEs) in Sabah weather the financial impact of the Covid-19 pandemic.
The initiative is part of the Sabah SME Guarantee Scheme, a financing facility, designed with the primary objective of providing working capital, exclusively for SMEs in the State.
AmBank group chief executive officer (CEO) Datuk Sulaiman Mohd Tahir said the facility will be made available in the first quarter of 2021, on a first come, first served basis.
AmBank will be providing the funding, while SDB will guarantee a certain amount of the financing issued. ....

Kuala Lumpur , Datuk Vincent Pung , Datuk Sulaiman Mohd Tahir , Sabah Development Bank Bhd , Ambank Group , Vincent Pung , Special Relief Facility , குவாலா லம்பூர் , சபா வளர்ச்சி வங்கி ப்ட் , வின்சென்ட் பூங் , சிறப்பு துயர் நீக்கம் வசதி ,