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July 29, 2018 12:03 AM Deep 6.0 magnitude quake strikes off Indonesia: USGS

WASHINGTON: A deep 6.0 magnitude earthquake struck off eastern Indonesia on Saturday, the United States Geological Survey said, but there was no tsunami warning. The strong quake was centred about 160km north-northeast of Maumere town on the island of Flores, the USGS said, at a depth of 579km. Indonesia, an archipelago of thousands of islands, sits on the so-called 18

July 27, 2018 11:31 AM Maybank Indonesia posts lower earnings in first half of 2018

PETALING JAYA: Malayan Banking Bhd's (Maybank) Indonesian unit PT Bank Maybank Indonesia Tbk's net profit fell 6.6% to Rp932.7 billion (RM264 million) for the first six months ended June 30, 2018 compared with Rp998.5 billion in the previous corresponding period, due primarily to lower fee-based income and a slight compression in net interest margin 102

July 27, 2018 9:23 AM AirAsia Q2 load factor down 3% to 86% on seat capacity expansion

PETALING JAYA: AirAsia Group Bhd's operations in Malaysia, Indonesia and the Philippines saw a 3% drop in its load factor to 86% for the second quarter of 2018 (Q2 18) compared to the same period of 2017. The low-cost carrier said in a statement that it carried 10.88 million passengers in Q2 18, representing a 13% increase against the 9.61 million passengers 104

July 27, 2018 7:17 AM MSU instils national pride through Songket fest

MALAYSIA is known for its cultural diversity and traditional craft. In an effort to cultivate love and appreciation for local art and culture, focusing on traditional wear, handicraft and culture, the Management and Science University (MSU) held the Asean Songket Festival 2018. The objective of the festival was mainly to promote the value and heritage 22

July 25, 2018 5:57 AM Malaysia Airlines to capture 50% umrah pilgrimage market share in Malaysia, Indonesia

PETALING JAYA: Malaysia Airlines Bhd (MAB) aims to tap into 50% of the umrah pilgrimage market in Malaysia and Indonesia with 270,000-290,000 umrah pilgrims projected to make their pilgrimage to the holy land in the upcoming pilgrimage season. The national carrier entered into a charter service deal with a coalition of four umrah tour operators comprising 91

July 24, 2018 1:21 PM FDI inflows down 12.8% in 2017

PETALING JAYA: Malaysia’s net inflows of foreign direct investment (FDI) fell 12.8% to RM41 billion in 2017 from RM47 billion in 2016, according to the Department of Statistics. The FDI flows were mainly channelled in services sector, particularly in real estate, financial and insurance/takaful; and information and communication activities. Mining and quarrying 69

July 21, 2018 11:40 PM Indonesian 15-year-old raped by brother jailed over abortion

JAKARTA: A 15-year-old girl who was raped by her older brother has been jailed for six months for having an abortion, an Indonesian official said Saturday. The girl was sentenced Thursday alongside her 17-year-old brother in a closed hearing at Muara Bulian District Court on the island of Sumatra, court spokesman Listyo Arif Budiman said. "The girl was charged 90

July 21, 2018 11:36 AM Malaysia, Indonesia to be more aggressive in countering attacks against palm oil industry: Saifuddin

JAKARTA: Foreign Minister Datuk Saifuddin Abdullah said Malaysia and Indonesia would be more aggressive in countering attacks by Europe against the palm oil industry, as well as work together to promote oil palm products. The cooperation between Malaysia and Indonesia was vital to safeguard the future of the oil palm industry and its smallholders, he added 39

July 19, 2018 11:11 AM AirAsia X sticks with Airbus after window shopping at Boeing

SEPANG: AirAsia X has confirmed its order of 100 Airbus A330neo widebody aircraft, after window shopping at Boeing earlier in the year. AirAsia Group CEO and AirAsia X co-group CEO Tan Sri Tony Fernandes, speaking at a briefing today, said the group was in discussions with Airbus for two years and was looking to cancel the order before reaffirming and increasing 34

July 19, 2018 11:11 AM AirAsia X places 66 widebody aircraft order

SEPANG: AirAsia X,w has confirmed an order for 66 A330neo widebody aircraft with an additional 34 aircraft, bringing its total order to 100. AirAsia Group CEO and AirAsia X co-group CEO Tan Sri Tony Fernandes said the list price for the 100 aircraft is US$30 billion and the 100 aircraft will be used by AirAsia X Malaysia, Thailand and Indonesia 85