Published at 03:46 (GMT) 27 Mar
TheStar: Newly-formed Malaysia Airlines Bhd (MAB) has identified 4,000 contracts for renegotiations under its recovery plan. Prime Minister Datuk Seri Najib Tun Razak said this was among the measures taken to turn around the national carrier following the takeover by Khazanah Nasional Bhd.
Meanwhile, the Finance Minister Datuk Seri Najib Tun Razak revealed that 1MALAYSIA Development Bhd (1MDB), which has come under scrutiny for its debts, has a total of MYR 5.037 billion in loans with local banks as of January 2015.
On FX, USD/MYR was stuck in range-bound trading within 3.6400-7000. Prices were seen within 3.6630-6785 in the morning session. Strong barrier at 3.7370 while expect some fresh bids near 3.6525-30. KLCi shaved off 0.2% at last check. IF
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