Category: Corporate Matters

AirAsia-X, a leading long-haul budget airline, and Malaysia Airports Holdings Berhad (MAHB), the operator of Kuala Lumpur International Airport (KLIA2), were embroiled in a legal dispute over airport charges and service quality. AirAsia-X claimed that the high charges imposed by MAHB and the poor service quality at KLIA2 were adversely affecting its operations and profitability.…

Sime Darby Berhad, one of Malaysia’s largest conglomerates, faced a significant corporate governance scandal in 2010 when it reported RM1.7 billion in losses due to cost overruns and project mismanagement in its energy and utilities division. The losses were linked to several projects, including the Bakun Hydroelectric Dam and the Maersk Oil Qatar project. An…