Escalating Tension In Middle East Raises Cost Concerns Among Travellers, Insurers

By Karina Imran

KUALA LUMPUR, June 27 (Bernama) — Air travellers and insurance companies are deeply concerned over possible rise in costs brought on by the escalating geopolitical tension in the Middle East which has led to abrupt closure of major airports in the region, which serve as among the busiest aviation hubs.

Geopolitical Tensions, Abrupt Airspace Closures Keep Malaysian And Global Airlines On High Alert

KUALA LUMPUR, June 25 (Bernama) -- Malaysia’s aviation sector is on high alert, prioritising safety to avoid a repeat of the downing of Malaysia Airlines flight MH17 more than a decade ago. The heightened caution follows a wave of airspace closures by Arab states after Iran launched a missile strike on a United States (US) base in Qatar.

Flight Woes Due To Regional Conflicts Demand Malaysia’s Pivot Toward Digital, Trade Diversification -- Expert

KUALA LUMPUR, May 9 (Bernama) -- Malaysia’s aviation industry will likely record lower revenues as it faces higher air travel costs, supply chain delays and reduced tourism activity owing to prolonged flight disruptions.

AirAsia Malaysia Suspends Amritsar Flights Following Airport Closure

KUALA LUMPUR, May 7 (Bernama) -- AirAsia Malaysia has temporarily suspended flights to and from Amritsar, India, following the closure of Amritsar’s Sri Guru Ramdas Jee International Airport.

Airlines Reroute Flights After Pakistani Airspace Closure

KUALA LUMPUR, May 7 (Bernama) -- Malaysia Airlines has rerouted two flights -- MH2 and MH22 -- following the closure of Pakistani airspace on May 6, 2025.

MISC’s Net Profit Slips To RM1.19 Bln In FY2024 From RM2.12 Bln In FY2023

KUALA LUMPUR, Feb 21 (Bernama) -- MISC Bhd’s net profit for the financial year ended Dec 31, 2024 (FY2024) declined to RM1.19 billion from RM2.12 billion registered in 2023.

Buoyant Year For Port Operators, Shipping Industry But Challenges Persist

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 18 (Bernama) -- It has been a strong year for ports in Malaysia as operators pushed ahead with capital-intensive infrastructure upgrading works and rode on the wave of e-commerce growth as well as rising global trade to maintain their competitiveness.

UOB: ASEAN-6 To Outpace Global GDP Growth In 2025 Amid Supply Chain Shifts, Investment Opportunities

KUALA LUMPUR, Dec 5 (Bernama) -- United Overseas Bank (UOB) forecasts that ASEAN-6 economic growth will reach 4.8 per cent in 2025, surpassing the projected global average gross domestic product (GDP) growth of 3.2 per cent.