Malaysian trade mission arrives

A Malaysian business mission is in town until Thursday to explore possible ventures in the country.

A Malaysian business mission is in town until Thursday to explore possible ventures in the country.

Malaysia’s economy grew a solid but slower than expected 4.1 percent in the first quarter as weak manufacturing and mining dragged on overall performance, according to data announced Wednesday.
Malaysian lotto company PGMC, confusingly named “Philippine Gaming Management Corp.,” has been putting out ads attacking its one and only important client in this country—the PCSO.
The conflict between Philippine Charity Sweepstakes Office (PCSO) and Pacific Online Systems Corp., on one side, and Malaysian conglomerate Berjaya, on the other, has turned into a full-blown war. Berjaya’s local unit, Philippine Gaming Management Corp. (PGMC), came out with guns blazing last week, accusing PCSO and Pacific Online of all sorts of monkey [...]
All of a sudden, from out of nowhere, just as the Aquino (Part II) administration struggles with the territorial dispute with China in the West Philippine Sea, another sovereignty issue over Sabah confronts our leader Benigno Simeon (aka BS), that is sagging the country’s image before foreign media.
Malaysia’s AirAsia Group is hopeful that operations in the Philippines will finally turn profitable this year as the brand gains popularity in the country’s growing domestic travel market. AirAsia Berhad reported last week that its revenues reached a record 1.4 billion ringgit for the fourth quarter of 2012, up 10 percent year on year, [...]

AirAsia, Asia’s largest low-cost carrier by fleet size, said Tuesday that its fourth-quarter profit jumped 168 percent year on year amid increased passengers.

Asia’s biggest low-cost carrier AirAsia said Thursday its new airline joint venture with India’s giant tea-to-steel Tata conglomerate may start operations by yearend.

Asia’s largest low-cost carrier AirAsia on Wednesday announced plans to invest in an airline joint venture with India’s giant Tata conglomerate and another party.
There is a potential controversy surrounding oil palm that could discourage domestic and foreign investments. If not nipped in the bud, it will have an impact on poverty reduction, particularly in Mindanao.

AirAsia, Asia’s largest low-cost carrier, has scrapped plans for a Singapore joint venture due to high operating costs and lack of domestic market potential in the island republic.

Tourists from Malaysia and Taiwan posted among the biggest jumps in arrivals this year as the tourism industry picked up through renewed marketing and enhanced air connectivity with key cities, the Department of Foreign Affairs (DFA) said Saturday.