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Every 10 sen FX move hits Malaysia Airlines parent MAG by RM200mil
15+ hour, 54+ min ago (727+ words) KUALA LUMPUR: Malaysia Aviation Group president and chief executive officer Captain Nasaruddin A. Bakar says foreign exchange movements are having a significant financial impact on the group amid ongoing uncertainties stemming from the Middle East conflict. "To give context again, each…...
Batik Air Malaysia cuts 35% of flights in April due to high fuel prices
14+ hour, 40+ min ago (743+ words) Chief executive officer Datuk Chandran Rama Muthy said in an internal memo to staff dated April 1 that the reduction is a precautionary move to conserve resources as jet fuel prices climb to historic highs. The Malaysia-based hybrid airline will also…...
Tesla quarterly auto sales rise 6.3pct but miss estimates
8+ hour, 12+ min ago (216+ words) NEW YORK: Tesla reported higher first-quarter auto sales Thursday, but missed analyst estimates. The electric vehicle maker, led by billionaire entrepreneur Elon Musk, reported deliveries of 358,023 for the first quarter, up 6.3 per cent from the year-ago period. Analysts had projected…...
Proton sells 15,706 cars in March, Q1 highest quarterly sales since 2004
10+ hour, 40+ min ago (429+ words) KUALA LUMPUR: Proton Holdings Bhd sold 15,706 units last month, pushing total sales for the first quarter (Q1) to a 22-year high point and its highest level since 2004. The total sales posted in March marked a 15.4 per cent increase over February and…...
Rapid Rail: Power disruption affects Ampang/Sri Petaling route, alternative train, free buses activated
13+ hour, 24+ min ago (255+ words) Rapid Rail Sdn Bhd (Rapid Rail) in a statement Thursday said that due to the delay, passengers are expected to experience longer waiting times at the platforms, especially between Bandar Tasik Selatan station and Awan Besar station. In this regard,…...
Malaysia Airlines parent MAG hedges 50pct of Q2 2026 fuel needs
16+ hour, 2+ min ago (244+ words) KUALA LUMPUR: Malaysia Aviation Group (MAG) has hedged about 50 per cent of its jet fuel for the second quarter of 2026, its president and chief executive officer Captain Nasaruddin A. Bakar said. In the first quarter, the parent of Malaysia Airlines Bhd…...
Proton reaffirms commitment to strengthen Malaysia’s automotive ecosystem
13+ hour, 33+ min ago (269+ words) As Malaysia's first homegrown automotive original equipment manufacturer, the carmaker said this commitment to the local ecosystem is reflected in Proton's local purchase value of more than RM17 billion over the last five years (20212025), which is projected to rise to approximately…...
UMW Toyota unveils new battery EV line-up, strengthens push toward low-carbon mobility
18+ hour, 40+ min ago (280+ words) KUALA LUMPUR: UMW Toyota Motor (UMWT) has unveiled its latest battery electric vehicle (BEV) lineup, marking a major step in supporting Malaysia's transition towards low-carbon mobility, in line with the National Energy Transition Roadmap. The launch, officiated by Investment, Trade…...
Middle East tensions could drive EV adoption in Malaysia: Sim Tze Tzin
15+ hour, 2+ min ago (301+ words) KUALA LUMPUR: Growing global uncertainties stemming from the Middle East conflict could accelerate the adoption of electric vehicles (EVs) in Malaysia as consumers seek more stable and cost-effective alternatives. Deputy Investment, Trade and Industry Minister Sim Tze Tzin said fluctuations…...
Chinese airlines to raise fuel surcharges on domestic flights
16+ hour, 17+ min ago (190+ words) BEIJING: Several Chinese airlines, including national carrier Air China, said they will raise their fuel surcharges on domestic flights from Sunday, as the war in the Middle East drives up oil prices globally. Air China, China Southern and its subsidiary…...