Asean Observer

Top News Headlines

Production

Production

SARAWAK’S STRATEGIC INVESTMENT IN AFFIN BANK COULD BE A ‘DOUBLE WIN’ – DON

KUALA LUMPUR, The Sarawak government’s plan to increase its stake in Affin Bank Bhd to around 30 per cent from the current 4.8 per cent could be a ‘double win’, realising high or reasonable returns from its investment.

Reorienting the bank’s lending…

Production

GLOBAL IT OUTAGE COSTS AIRLINES MILLIONS; INDUSTRY NEEDS ANSWERS – TONY FERNANDES

KUALA LUMPUR, The global IT outage has caused airlines to lose millions in revenue and has created chaos in people’s lives due to system failure, said Capital A Bhd chief executive officer (CEO) Tan Sri Tony Fernandes.

Fernandes acknowledged CrowdSt…

Production

MAHB’S VISIONARY INITIATIVES EXTEND BEYOND PRIVATISATION

KUALA LUMPUR, Amidst the hustle and bustle of travellers at the airports, Malaysia Airports Holdings Bhd (MAHB) is seen to be rapidly transforming the airport experience in recent months, especially yesterday due to global IT glitch.

A big applause …

Production

AIRASIA RESUMES ONLINE CHECK-IN AT 2 PM, CONTINUES TO MONITOR SITUATION — DEPUTY GROUP CEO

KUALA LUMPUR, AirAsia has resumed its online check-in operation at 2 pm today, after the carrier was thrown into turmoil by a global information technology (IT) glitch since late afternoon yesterday.

AirAsia deputy group chief executive officer (air…

Production

GLOBAL IT OUTAGE HAS LITTLE TO ZERO IMPACT ON CELCOMDIGI SERVICES

KUALA LUMPUR, CelcomDigi Bhd said there has been ‘no or limited impact’ on customers and its operations during the global information technology outage triggered by a CrowdStrike software update yesterday.

In a statement today, the mobile network op…

Production

INITIATIVES TO WEATHER ECONOMIC VOLATILITY TO BE IMPLEMENTED UNDER 17TH KING’S PATRONAGE — ANWAR

KUALA LUMPUR, Under the patronage of His Majesty Sultan Ibrahim, King of Malaysia as the 17th monarch, the government and the people will weather global economic fluctuations through new sustainable initiatives to ensure the well-being of the people,…

Production

AIRASIA CONTINUES OPERATIONS AMID SYSTEM DISRUPTION, MANUAL PROCESSING REMAINS MOST RELIABLE

KUALA LUMPUR, AirAsia will continue with its operations to connect guests to their destinations while noting that manual processing remains the most reliable and secure method as the airline makes every effort towards recovery following the global in…

Production

OVERALL MEMBERS UNAFFECTED BY GLOBAL IT OUTAGE – MRCA

KUALA LUMPUR, The Malaysia Retail Chain Association (MRCA) said the global information technology (IT) outage yesterday did not affect its members overall, although some had issues with online orders.

‘As for our members, the outage did not affect e…

Production

MYCERT ISSUES ADVISORY TO USERS AFFECTED BY GLOBAL IT OUTAGE

KUALA LUMPUR, The Malaysia Computer Emergency Response Team (MyCERT) has issued an advisory to users affected by today’s global IT outage to remain updated with the latest security announcements on the issue.

In a note today, MyCERT said it received…

Production

SARAWAK ATTRACTS RM4.2 BLN INVESTMENTS IN 1Q 2024, POISED TO RECEIVE MORE GREEN INVESTMENTS — TENGKU ZAFRUL

KUALA LUMPUR, Sarawak has attracted RM4.2 billion in approved investments in the first quarter of 2024 (1Q 2024), a key part of national growth story following the launch of the New Industrial Master Plan (NIMP) 2030.

Investment, Trade and Industry …

Production

MALAYSIA HOPES TO INCREASE ECONOMIC COOPERATION THROUGH BRICS — MITI

KUALA LUMPUR, Malaysia hopes to increase opportunities for economic cooperation through the BRICS intergovernmental organisation as an alternative to reducing reliance on traditional markets, said the Ministry of Investment, Trade and Industry (MITI)…

Production

MOODY’S : AI IN ASSET MANAGEMENT FAVOURS COST SAVINGS OVER INVESTMENT GAINS

KUALA LUMPUR, The enduring impact of artificial intelligence (AI) on the global asset management sector is likely to be cost-saving rather than delivering investment outperformance, according to Moody’s Ratings.

The agency noted that firms with ampl…