On Malaysian Crowdfunding; MYR to USD repegging; MAHB; MAS
Securities Commission approves equity crowdfunding (ECF)
– 1st APAC country to approve ECF
– For SMEs raise funding 6 out of 27 crowdfunding partner applications approved
– Raise up to 3m ($800k) at 5-8% funds raised and/or a flat fee
Digital News Asia
Repegging the Ringgit?
– DrM viewpoint one possible solution
– DrM opinion caused by political & economic performance
– BNM reassure weakening RM is temp
The Star
Malaysian Airports Holdings Berhad (MAHB)
– Positive YoY traffic growth +5.6% (MASB Airport +8.6%; KLIA +3.4%)
– China strong growth 15% YoY (positive sign of increased air travel)
– Expect minimal impact from Sabah earthquake & MERS
Malaysian Airlines (MAS)
– Cut several intl’ routes (0.5% total passenger movements)
– Layoff 6,000 (almost 1/3rd of workforce) with termination package 1mth per service yr OR 1.5mths per service yr (10 years above)
– 14,000 workers deadline 5pm today to accept new job offer (The Star)
– MH148 MEL-KUL flight emergency landing in Melbourne due to engine fire & grounded for investigation (News.com.au)
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