Malaysia Archives - FINANCIAL POST

Pakistan International Airlines (PIA) officials will appear before a court in the United Kingdom on January 22 and a Malaysian court on January 24 for failing to pay the lease of an aircraft on time, Pakistan’s Aviation Minister Ghulam Sarwar Khan said on Saturday.During a media briefing, the minister claimed that the Malaysian court had issued an order without listening to any arguments by the national carrier, and blamed the previous Pakistan Muslim League-Nawaz (PML-N) government for acquiring two aircraft on an expensive lease.A PIA aircraft was held back by a local court in Malaysia on Friday due to a legal dispute between the airline and another party.Taking to Twitter, Pakistan’s national carrier said: “A PIA aircraft has been held back by a local court in Malaysia taking one sided ...

With the Strait of Malacca becoming busier day by day, Thailand is looking of a way to construct a land passageway that would connect the Indian and Pacific Oceans, bypassing one of the world’s busiest shipping lanes.The Strait of Malacca is a narrow sea lane between Malaysia and Singapore and is currently the shortest sea route linking the Asia-Pacific region with India and the Middle East. About a quarter of the world’s traded goods pass through it each year.“The Strait has become quite congested,” Transport Minister Saksiam Chidchob said in an interview.“Using an alternative route through Thailand would cut shipping time by more than two days, which is very valuable for businesses,” he said.Thailand plans to build two deep seaports on either side of the country’s southern coasts, and li...

Tag: Malaysia

Pak airline officials to appear in UK, Malaysia courts for failure to pay lease of seized aircraft

Thailand studies Malacca bypass to link Indian and Pacific oceans

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