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NEWS UPDATES Asean Affairs   23 August 2013  
AirAsia's profits drop 62% in Q2

MALAYSIA'S AirAsia Bhd, Southeast Asia's biggest budget airline by passenger traffic, posted a 62 per cent fall in second-quarter profit, hurt by higher operating expenses, foreign exchange losses on borrowings and deferred taxation.

AirAsia earned RM58.35 million (US$17.75 million) in the three months ended June, down from RM153.13 million in the same period last year, although revenue rose 5.5 per cent year on year, according to a stock exchange filing.

The shares are up about 12.4 per cent so far this year, while shares in its local peer Malaysian Airline System Bhd (MAS) are up about 1.7 per cent.--Reuters


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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