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Malaysia Airlines says restructuring talks with lessors going on |
Posted by: superadmin - 10-10-2020, 04:10 PM - Forum: Business. Economy and Investment
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KUALA LUMPUR: Malaysia Airlines Bhd is continuing talks with leasing companies about a restructuring plan as it tries to weather the coronavirus pandemic.
Malaysia Aviation Group, the holding company for the country’s flag carrier, is pleased with the level of support it has received from lessors and is “confident that there are appropriate legal mechanisms available should that support not be universal”, it said in a statement Saturday.
Reuters reported on Friday that a group of leasing companies had rejected the restructuring plan put forward by Malaysia Airlines, citing people familiar with the matter and a letter from a London law firm.
The airline, wholly owned by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, announced earlier this month that it had embarked on an “urgent” restructuring exercise that involves renegotiating with lessors, as it sees little sign of the pandemic easing.
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From high-flying job to selling traditional delicacy |
Posted by: superadmin - 10-10-2020, 01:58 PM - Forum: Inspiring Stories
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KOTA KINABALU: Countless people have been affected by the movement control order (MCO) since it was first implemented last March, many even losing high-flying jobs.
One of them is Helen Leong Siau Phing, a 20-year-old Malaysia Airlines (MAS) flight attendant who was laid off after the MCO dealt a blow to the aviation industry.
What Leong does for a living now is a far cry compared to the days she was soaring the skies in the iconic MAS kebaya outfit, but she has not lost any sleep over it.
She is selling hinompuka, a traditional Kadazan delicacy of glutinous rice wrapped in banana leaves, as well as health products online for income after she lost her job in August.
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Authorities temporarily close 1Utama, Tropicana Golf Club after Covid-19 cases found |
Posted by: superadmin - 10-10-2020, 01:44 PM - Forum: Local News
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KUALA LUMPUR, Oct 10 — The Petaling Disaster Management Committee has ordered the 1Utama Shopping Mall and Tropicana Golf and Country Resort to close from tomorrow for contact tracing and sanitisation after Covid-19 cases were confirmed at both locations.
Malay Mail sighted a leaked circular issued by the committee but which was pending endorsement from the National Security Council.
This is after four confirmed infections involving three staff and one shopper were detected in the mall, while five staff members from the golf club tested positive for Covid-19.
An appeal for the public to cooperate was also included in the memo, urging shoppers who visited One Utama’s Cosmetic and Perfumes section on level-G in Parkson Elite, between September 30 and October 7 to come forward and get tested.
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Glutathione: 14 Benefits of the Master Antioxidant [Plus Diet and Supplements] |
Posted by: superadmin - 10-10-2020, 01:01 PM - Forum: Glutathione
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It seems the latest and greatest to cure all of our health woes is invented every month… But maybe the answer exists in your body already.
Enter glutathione.
Glutathione is the most abundant antioxidant in our bodies. In fact, virtually every organism on Earth has some glutathione in its cells.
And for good reason. This “master” antioxidant protects the human body like few others. Without adequate levels of glutathione, you are at risk of dangerous medical conditions, including stroke, Alzheimer’s disease, and heart disease.
But when glutathione levels are healthy, that’s when the magic happens. You can not only prevent health problems, but possibly experience amazing energy, glowing skin, a strong heart, and a sharp brain.
Sound too good to be true? Keep reading to learn about the research that backs this up.
What is glutathione?
Glutathione is a potent antioxidant found in both plants and animals. Often called the “master antioxidant,” glutathione also boosts (recycles) other antioxidants, like vitamin C and vitamin E, as well as alpha lipoic acid and CoQ10.
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The PC market is the hottest it’s been in a decade, says Canalys |
Posted by: superadmin - 10-10-2020, 10:39 AM - Forum: Business, Economy and Investment
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- The biggest single beneficiary of the growth in the quarter was Acer.
- Windows 10 use increased dramatically this year with people staying home from work and school.
Computer makers shipped 79.2 million PCs in the third quarter, up 12.7% year over year, showing the fastest growth in a decade, technology research company Canalys estimated on Friday.
Despite the swelling popularity of phones and tablets in recent years, people have been leaning harder on personal computers while working or studying from home in the past several months because of the coronavirus pandemic.
Acer of Taiwan was the biggest individual beneficiary from the trend in the third quarter, shipping 5.6 million PCs, up 15%, according to the Canalys estimates, which include Chromebooks that run Google-led Chrome OS. The company said Lenovo, the largest PC maker by shipments in the quarter, shipped 19.3 million PCs, up 11.4%.
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Over 40 airlines have failed so far this year — and more are set to come |
Posted by: superadmin - 10-10-2020, 10:27 AM - Forum: Business, Economy and Investment
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- Huge aid packages saved airlines at a time when air travel came to a near standstill because of the coronavirus, but the worst is not over, analysts said.
- Travel data company Cirium found that 43 commercial airlines have failed — completely ceased or suspended operations — in 2020 so far, compared to 46 in all of 2019 and 56 throughout 2018.
- The effect of the pandemic is so great that larger airlines have also been badly hit in this environment, said Rob Morris of Cirium.
SINGAPORE — Strong government support has stopped some airlines from going bankrupt — but more carriers could fail in the coming months, aviation experts say.
Travel data company, Cirium, found that 43 commercial airlines have failed since January this year, compared to 46 in the whole of 2019 and 56 in all of 2018. A failed airline is one that has completely ceased or suspended operations, according to Cirium’s definition.
“Without government intervention and support we would have had mass bankruptcies in the first six months of this crisis. Instead, we have had a manageable number of bankruptcies and very few collapses,” said Brendan Sobie, an independent analyst at Sobie Aviation.
Sobie said many airlines were already struggling before the pandemic hit, but they now have a “better chance at survival” because of because of government help.
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United Nations World Food Program wins the 2020 Nobel Peace Prize |
Posted by: superadmin - 10-10-2020, 10:11 AM - Forum: International News
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- The world’s largest humanitarian organization was awarded the prize Friday for it’s efforts to combat hunger.
- The Norwegian Nobel Committee said the WFP had “demonstrated an impressive ability to intensify its efforts.”
- WFP itself has stated: “Until the day we have a medical vaccine, food is the best vaccine against chaos.”
LONDON — The United Nations World Food Program has won the 2020 Nobel Peace Prize for its efforts to combat hunger.
The world’s largest humanitarian organization was awarded the prize Friday for its “contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict.”
In the wake of the coronavirus pandemic, the Norwegian Nobel Committee said the WFP had “demonstrated an impressive ability to intensify its efforts.”
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Blood from Singapore used for drug to treat Trump, says report |
Posted by: superadmin - 10-10-2020, 09:04 AM - Forum: International News
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PETALING JAYA: The drug used to treat US President Donald Trump for Covid-19 was developed with blood recovered from patients in Singapore, according to a news report in the republic.
Trump and his wife Melania tested positive for the virus on Oct 2. He was discharged on Monday and Trump attributed his recovery to an experimental drug formulated by US biotechnology firm Regeneron.
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Sabah CM tests positive for Covid-19 |
Posted by: superadmin - 10-10-2020, 07:46 AM - Forum: Local News
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KOTA KINABALU: Sabah Chief Minister Hajiji Noor has tested positive for Covid-19.
The chief minister’s public relations secretary Effendi Mohamed Sunoh said Hajiji, the Sulaman assemblyman, was found positive after taking another test during his self-quarantine.
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