NO PLANS TO PRIVATISE MALAYSIA AIRLINES
MALAYSIA'S government will not privatise national carrier Malaysia Airlines as efforts to turn its business fortunes around are bearing fruit, Prime Minister Najib Razak was quoted as saying by the state media yesterday.
"Malaysia Airlines won't be privatised as the airline's turnaround plan shows narrowing losses," Datuk Seri Najib said, according to state-run Bernama news agency.
EVERBRIGHT SEEKS FUNDS AFTER GLITCH
EVERBRIGHT Securities will raise money through various channels, including selling assets, to cope with a fund shortfall caused by mistaken trades last week, a company executive said yesterday.
China has slapped restrictions on the number of new stock-index-futures positions that Everbright Securities can build after a glitch in the brokerage's systems caused a brief spike in the country's stock indexes last week.
S. KOREA KEEN TO SELL WARPLANES IN ASIA
SOUTH Korea, renowned for making high-tech consumer devices, cars and ships, now has its sights on exporting fighter jets amid a projected sharp increase in demand for weapons in Asia over the next decade.
South Korea's first home-built light fighter, the FA-50, will roll out today from the Korea Aerospace Industries (Kai) assembly plant in the southern city of Sacheon.
Kai officials said that they aim to sell about 1,000 FA-50s and supersonic aircraft T-50s overseas over the next three decades.