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AirAsia, which will fly its first regional route tomorrow, plans to float some 25 percent of its shares in late 2004 to fund an ambitious expansion plan and fight off competition, a top official said.
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Malaysia criticises the United States for a safety warning to Americans in the country, saying security nationwide is adequate. The deputy defence minister describes the new travel advisory as "unwarranted"
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Prime Minister Dr Mahathir Mohamad has achieved almost mythical status among his admirers in Malaysia and tributes have been pouring in as he prepares to step down on Friday.
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No-frills airline AirAsia expects to decide by year end whether it will fly to Thailand, considered a potentially lucrative market, as it first international destination, a top official says.
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Prime Minister Dr Mahathir Mohamad and Indonesian President Megawati Sukarnoputri agreed to step up cooperation in the fight against terrorism during talks in Kuching.
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Prime Minister Dr Mahathir Mohamad and Indonesian President Megawati Sukarnoputri have brought strong delegations to the annual consultations on a host of issues but the spectre of Southeast Asian terrorism will be the main draw.
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Higher bond yields have forced AirAsia, Malaysia's no-frills airline, to rethink the issue of a RM160-million Islamic bond issue to purchase and lease 11 Boeing aircraft, according to its executive director.
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The country's economy could grow between 4.0 and 4.5 percent in 2003, supported by expansion in all sectors despite various uncertainties, says International Trade and Industry Minister Rafidah Aziz.
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No-frills airline AirAsia expects to offer its first Islamic bond issue later this year to help finance the purchase and lease of 11 Boeing 737-300 aircraft.
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The success of budget carrier AirAsia will see more no-frills airlines taking off in Asia to meet increasing consumer demand, say industry experts.
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More than 1,000 scientists, doctors and government officials began a two-day conference in an attempt to find causes and cures for the mysterious and deadly Sars virus.
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Dr Mahathir Mohamad will preside over his last annual Umno conference this week amid a lot of bickering from within the party ahead of the scheduled takeover in October by his deputy Abdullah Ahmad Badawi and elections due by the end of next year.
0The government wants Asean members to lift travel restrictions in a bid to promote inter-Asean travel and put the struggling Sars hit tourism industry back on track.
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Malaysia and Thailand on Thursday signed a military co-operation pact aimed at tightening security along the two countries' porous border to prevent Islamic militants from operating in the region, officials said.
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