Malaysia Debt
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"Cost Too High": Malaysia Scraps $19 Billion China-Backed Rail Project
A multi-billion dollar China-backed rail project in Malaysia has been scrapped, government officials said Saturday, adding that the cost of building it was too high.
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AirAsia To Raise $259 Million To Slash Debt
Malaysia-based AirAsia, the region's biggest budget carrier by fleet size, said on Friday it plans to raise 1.0 billion ringgit ($259 million) by selling shares to help cut its debt and finance the purchase of new aircraft.
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"Cost Too High": Malaysia Scraps $19 Billion China-Backed Rail Project
A multi-billion dollar China-backed rail project in Malaysia has been scrapped, government officials said Saturday, adding that the cost of building it was too high.
-
AirAsia To Raise $259 Million To Slash Debt
Malaysia-based AirAsia, the region's biggest budget carrier by fleet size, said on Friday it plans to raise 1.0 billion ringgit ($259 million) by selling shares to help cut its debt and finance the purchase of new aircraft.
