Shares in Malaysia Airlines tumbled almost 18 percent on Friday after one of its passenger jets crashed in violence-wracked Ukraine, just months after the carrier was hit by the loss of a plane over the Indian Ocean.
Malaysian companies were able to book some $50.6 million (roughly P2.2 billion) in sales in a single day during a trade and investment mission to the Philippines held last May, signaling a potential boost in bilateral trade between the two countries.
Malaysian food and consumer product distributors Intisari Mulia International Inc (IMI) and Ascona International are set to expand their businesses in the Philippines due to strong local demand for their goods.
By Doris C. Dumlao
Harbor Star Shipping Services Inc., a major provider of harbor assistance, lighterage, salvage and towing services in the country, is expanding overseas beginning with a bid to serve two ports in Johor, Malaysia.
Asia’s biggest budget carrier AirAsia is set to make its maiden Indian flight this week, fuelling a cut-throat fare war in a sector already reeling from losses.