Month: October 2023

In the third quarter of 2023 (3Q), Capital A Bhd's combined airlines achieved a robust load factor of 89%. The group, consisting of AirAsia's Malaysia, Thailand, Indonesian, and Philippines divisions, accommodated 14.7 million passengers with 16.5 million seat capacities across 152 operational aircraft. This strong performance reflects the sustained high travel demand following the pandemic, resulting in significant year-on-year growth. The load factor increased by three percentage points, with a nearly 50% growth in passengers carried and a 45% growth in seat capacity. Year-to-date, the consolidated airlines have recovered 76% of passenger volume compared to the same period in 2019, surpassing overall capacity recovery at 73%. All airlines experienced notably high load...

Gamuda Bhd, in collaboration with its joint venture partner in Taiwan, has secured a design and build contract worth RM3.45 billion for the construction of Taiwan's Kaohsiung Mass Rapid Transit (MRT) metropolitan line from the Kaohsiung City government. This project marks Gamuda's third railway endeavor in Taiwan and its second project in Kaohsiung, following the construction of the Kaohsiung MRT Orange Line in 2008. In 2022, Gamuda also secured the RM2.13 billion TaoYuan City underground railway project (Package CJ18 PingZhen Commuter Station) in Taipei. Gamuda is currently involved in six infrastructure projects in Taiwan, including the Guantang marine bridge, Taipei port seawall, and the 161kV Songshu to Guanfeng underground transmission line. The new MRT line in Kaohsiung...

The Malaysian Ministry of Science, Technology, and Innovation (Mosti) is joining forces with Bursa Malaysia to assist local startups on their path to securing funding, ultimately advancing innovation in the country. Minister Chang Lih Kang revealed in a Dewan Rakyat session that Mosti will provide Bursa Malaysia with vital market insights about the local startup ecosystem, enabling the early identification of companies with the potential to be listed on the stock exchange. This collaborative effort is part of Mosti's broader initiatives aimed at fulfilling the government's goal of positioning Malaysia within the top 30 countries in the Global Innovation Index (GII) by 2025, as outlined in the 12th Malaysia Plan (12MP). Although Malaysia maintained its 36th position in the GII...