KUALA LUMPUR: The total amount of subsidies is expected to reach near RM80bil this year, which is the largest amount in history, says Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
KUALA LUMPUR: The Malaysia Shipowners’ Association (Masa) hopes that Budget 2022 will provide financial assistance for the shipping industry and tax rebates for vessels built in local shipyards.
KUALA LUMPUR: The government has channelled loans valued at RM19.96mil to 818 micro small and medium enterprises (MSMEs) under the Indian Community Entrepreneur Development Scheme or Spumi as of Aug 20, 2021.
s proposal for a private placement to address its immediate cash flow requirements during the pandemic.
The airline yesterday proposed to place 668.4 million new shares or 20% of its existing outstanding shares.
Based on an indicative price of 68 sen, the proposed private placement is expected to raise gross proceeds of up to about RM454.4mil.
The proceeds are expected to be utilised for fuel hedging settlement, aircraft lease and maintenance payments, AirAsia Digital and general working capital expenses.
The research house, which has an underperform recommendation on the stock, maintained its target price at 38 sen on an unchanged 1.07x FY21 book value of equity per share.