Articles tagged “malaysia”

Malaysia Turns to Tourism to Correct Palm Oil’s Bad Image

Malaysia Turns to Tourism to Correct Palm Oil’s Bad Image

Anuradha Raghu, Bloomberg

Palm oil, a huge industry for Malaysia, is taking a beating from consumer concerns over palm’s links to deforestation and threat to animal habitats. The government's year-long 'Love My Palm Oil' campaign is spilling over to the tourism sector. Can this be a new tour for the industry?

4 weeks ago

Malaysia May Revive China-Backed High-Speed Rail Project

Malaysia May Revive China-Backed High-Speed Rail Project

Anisah Shukry and Anuradha Raghu, Bloomberg

Malaysia has been a tease. For months it has hinted that if China reduced the price tag by billions, it might once again support a high-speed rail project that is central to China's push into Southeast Asia. Hopefully, a deal will be announced soon.

4 weeks ago

China Offers to Slash Costs of Malaysia’s Rail Project in Half to $10 Billion

China Offers to Slash Costs of Malaysia’s Rail Project in Half to $10 Billion

Joyce Koh, Bloomberg

Reducing costs by 50 percent on rail construction is rare. Either China will subsidize the East Coast Rail Link, which is key to its infrastructure push into Southeast Asia, or there will be cutbacks on the project. What's clear, it's not derailed yet.

2 months ago

Malaysia to Kill $20 Billion Train Project in a Blow to China

Malaysia to Kill $20 Billion Train Project in a Blow to China

Elffie Chew and Natnicha Chuwiruch, Bloomberg

The Malaysian government will likely cancel The East Coast Rail Link — which would connect Malaysia to Thailand — due to a price tag that's been spiraling upward. While new transport infrastructure is usually good, emerging economies must choose projects with care.

2 months ago

Disney and Fox Face Suit for Dropping Planned Fox World Theme Park

Disney and Fox Face Suit for Dropping Planned Fox World Theme Park

Christopher Palmeri and Edvard Pettersson, Bloomberg

Fox World aimed to be a key attraction near Kuala Lumpur. But Disney and Fox dropped the theme park. Genting, a casino operator that had bet big on the project, is seeking damages of $1 billion. From the outside, it's impossible to judge if the suit has merit.

4 months ago

Gobi Bets on Middle East Player Holidayme to Unlock Asia’s Muslim Travel Market

Gobi Bets on Middle East Player Holidayme to Unlock Asia’s Muslim Travel Market

Raini Hamdi, Skift

Holidayme has scooped up $16 million in new investment from Gobi. But can the UAE eagle soar in Asian skies where Tripfez, Gobi’s first investment in the Muslim travel space, had barely tapped the potential of the market?

4 months ago

Chairman of Malaysia Airlines Reportedly Plans to Quit

Chairman of Malaysia Airlines Reportedly Plans to Quit

Elffie Chew, Bloomberg

The owner of Malaysia Airlines is sovereign fund Khazanah Nasional, which has been rumored to make it difficult for top bosses to institute needed changes. The country's recently elected prime minister Mahathir Mohamad is the fund's new chairman. It looks like the fund will need to find a new chairman for the airline soon.

5 months ago

Destinations Seek China’s Fertility Tourists as Family Planning Laws Fade

Destinations Seek China’s Fertility Tourists as Family Planning Laws Fade

Mason Hinsdale, Jing Travel

China's one-child policy has been history for a couple of years, and reports indicate restrictions on family size could further drop. Destinations around the world are trying to seize the opportunity to cater to travelers who may need help to grow their families — and are already comfortable traveling for medical care.

7 months ago

Malaysia Aims to Double Its Airport Capacity by 2040

Malaysia Aims to Double Its Airport Capacity by 2040

Elffie Chew and Kyunghee Park, Bloomberg

Don't hold your breath, though. Planning to revamp Kuala Lumpur's airport could last another two years, and it's unclear where the money will come from.

11 months ago

Malaysia Airlines Focuses on Fuel Costs as Brand Recovers

Malaysia Airlines Focuses on Fuel Costs as Brand Recovers

Chong Pooi Koon, Bloomberg

Malaysia Airlines will gain if oil prices rise to $70 a barrel as forecast, thanks to price-hedging contracts it has bought. Those gains could help the company return to consistent profitability in 2018, after years of trouble.

2 years ago

Malaysia Is Spending $1 Billion to Fix Its Airports

Malaysia Is Spending $1 Billion to Fix Its Airports

Anurag Kotoky, Bloomberg

If the success of Malaysia's neighboring destinations have shown, especially Singapore, it's that having a kick-ass airport can make all the difference in bringing in more travelers.

3 years ago

A High-Speed Train Between Kuala Lumpur and Singapore Could Soon Be a Reality

A High-Speed Train Between Kuala Lumpur and Singapore Could Soon Be a Reality

Nikita Mathur, Bloomberg

A bullet train traveling between both countries would be a boon not only for tourism, but also for business. Having seen the positive impact high-speed trains have on tourism and economies in Asia, it makes us wonder why bullet trains haven't yet made their way to the Americas?

3 years ago