Financial headwinds: Malaysian Carrier's expansion hits profits

Article Abstract:

Profits at the Malaysian Airline System (MAS) were down for the fiscal year ending Mar 1992. After-tax profits dropped 43% to M$112.9 million and pre-tax profits fell from M$205.5 million to M$119.5 million. The MAS suffered from having to lease a large number of aircraft due to undelivered new Boeing 737-400s ordered in 1989. Another important factor is competition from the well-established airports in Singapore and Bangkok. MAS hopes to raise additional revenue by increasing domestic airfares and by a new rights issue worth M$ 1.8 billion in Dec 1992.

Finance, Airlines, Malaysia, Transportation

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Asean investment anxiety

Article Abstract:

The Bangkok riots and ensuing violence not only clouds the perception of Thailand as a peaceful economic haven but also disturbs the Asean region's image of economic opportunity. The political unrest affects various Asean capitals and there are questions as to whether economic success demands political change from the citizenry. Other analysts say the disturbance will be only short-lived and things will soon get back to normal. There are warnings however, that Asians do not care for authoritarian regimes and leaders must be able to discern this.

Political aspects, Demonstrations and protests, Demonstrations, Association of Southeast Asian Nations, Bangkok, Thailand (City), Bangkok, Thailand

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Vote of confidence: Malaysian stocks spring to life after budget

Article Abstract:

The Kuala Lumpur Stock Exchange (KLSE) index rose to a record high of 660.35 on Nov 5, 1992 following the Malaysian government's budgetary proposal to restrict economic policy and control inflation. The bullish trend at the KLSE resulted due to speculative buying by local traders as well as large-scale foreign interest. Multi-Purpose Holdings (MPH) figured at the top of the popularity list with trading of 66.8 million shares in a single day. Other companies including Renong, Ekran and Idris Hydraulic followed closely on the KLSE ratings.

Economic aspects, Statistics, Bull market, Kuala Lumpur Stock Exchange Bhd.

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