AirAsia announces $30B deal to buy 100 planes from Airbus

Publication date 20 July 2018 | 12:57 | ICT

Malaysian budget airline AirAsia on Thursday announced an additional order of 34 Airbus A330neo planes, bringing the total value of its expanded 100-plane order to $30 billion as it sets its sights on European routes.

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  • Salt body to import 30k tonnes from Thailand, China

    Publication date 20 July 2018 | 09:40 | ICT

    The Kingdom will import 30,000 tonnes of salt to meet domestic demand as stockpiles are expected to empty by November, a leader from the Salt Producers Community of Kampot-Kep said.

  • Acleda looking to go public

    Publication date 20 July 2018 | 09:09 | ICT

    Twenty-five percent of Acleda Bank’s shares will soon be available for trading as stakeholder ASA Plc announced late Wednesday, its plan to list on the Cambodia Securities Exchange (CSX).

     
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  • Google hit with record €4B fine

    Publication date 19 July 2018 | 15:38 | ICT

    The European Union slapped Google with a huge €4.34 billion fine for abusing the dominance of its Android operating system on Wednesday in the biggest antitrust penalty in the bloc’s history.

     

  • Japan firm takes another 10pct of telecom Smart

    Publication date 19 July 2018 | 08:51 | ICT

    Malaysia-based Axiata Group has sold another 10 percent stake in its Cambodian subsidiary Smart Axiata to Japanese group Mitsui Co Ltd. The Japanese firm now holds 20 percent of the local telecommunications giant.

  • Chamber gives talk on local investing

    Publication date 19 July 2018 | 08:50 | ICT

    The Chinese Chamber of Commerce in Cambodia (CCCC) and investment and tax advisory firm DFDL on Wednesday held a breakfast seminar in the capital to discuss tax and investment law in the Kingdom.

  • Rolls-Royce unveils air taxi concept at Farnborough

    Publication date 18 July 2018 | 14:50 | ICT

    British engine maker Rolls-Royce revealed plans this week to develop a hybrid electric vehicle, dubbed the “flying taxi”, which takes off and lands vertically and could be airborne within five years.

  • Clothes exports kick into high gear

    Publication date 18 July 2018 | 09:46 | ICT

    Cambodia’s garment and footwear exports recorded double-digit growth to some $4 billion in the first half of this year compared to the same period last year, a National Bank of Cambodia (NBC) report has said.

  • NBC reiterates ID not to be used as collateral

    Publication date 18 July 2018 | 08:48 | ICT

    The National Bank of Cambodia (NBC) has once again reminded all private lenders not to take ID cards or family books as collateral for loans, according to a statement released on Tuesday.

  • VN new powerhouse of SE Asia

    Publication date 17 July 2018 | 16:23 | ICT

    (Vietnam news/ANN): In the past 20 years Vietnam has switched from being an agricultural economy to one of the brightest manufacturing hotspots in Southeast Asia, according to the latest report from Jones L

  • Government gets $110M to restore National Road 4

    Publication date 17 July 2018 | 10:04 | ICT

    Work on the $110 million National Road 4 upgrading project in the Kingdom’s main economic corridor could start as early as next year, a Ministry of Public Works official has said.