<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Mar 12): AirAsia X Bhd rose as much as three sen or 6% on news the company plans to resume flights to Europe next year.</p></div>

<div class=newsTextDataWrapInner><p>Long-haul budget airline AirAsia X (fundamental: 0; valuation: 0.3) shares rose to an intraday high of 52 sen before reducing gains.</p></div>

<div class=newsTextDataWrapInner><p>At 2.46pm, the stock was traded at 51 sen with some 14 million shares transacted. At 51 sen, AirAsia X has a market capitalisation of RM1.21 billion.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Reuters quoted AirAsia Bhd chief executive Tan Sri Tony Fernandes as saying today that AirAsia X planned to resume flights to Europe next year.</p></div>

<div class=newsTextDataWrapInner><p>Speaking to reporters in Sydney about the carrier's operations, Fernandes said that London will be the likely first destination for AirAsia X flights. It previously operated Airbus A340s to London and Paris, but cancelled those services in 2012.</p></div>

<div class=newsTextDataWrapInner><p><span style="font-size:12px"><em>(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)</em></span></p></div>


KUALA LUMPUR (Mar 12): AirAsia X Bhd rose as much as three sen or 6% on news the company plans to resume flights to Europe next year.

Long-haul budget airline AirAsia X (fundamental: 0; valuation: 0.3) shares rose to an intraday high of 52 sen before reducing gains.

At 2.46pm,...

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<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


<p>Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


<p>PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.</p>


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<p>Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...