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	<title>Kuala Lumpur International Airport Archives - International Finance</title>
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	<title>Kuala Lumpur International Airport Archives - International Finance</title>
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		<title>Airlines to seek compensation from Malaysian airport operator</title>
		<link>https://internationalfinance.com/aviation/airlines-seek-compensation-malaysian-airport-operator/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=airlines-seek-compensation-malaysian-airport-operator</link>
					<comments>https://internationalfinance.com/aviation/airlines-seek-compensation-malaysian-airport-operator/#respond</comments>
		
		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Wed, 28 Aug 2019 05:00:41 +0000</pubDate>
				<category><![CDATA[Aviation]]></category>
		<category><![CDATA[aviation]]></category>
		<category><![CDATA[Kuala Lumpur International Airport]]></category>
		<category><![CDATA[Malaysia]]></category>
		<category><![CDATA[Malaysia airport]]></category>
		<category><![CDATA[Southeast Asia]]></category>
		<guid isPermaLink="false">https://internationalfinance.com/?p=27247</guid>

					<description><![CDATA[<p>Four days of disruptions and delays lead to million ringgit losses for the airline industry</p>
<p>The post <a href="https://internationalfinance.com/aviation/airlines-seek-compensation-malaysian-airport-operator/">Airlines to seek compensation from Malaysian airport operator</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Airlines will be seeking compensation from Malaysia-based airport operator Malaysia Airports, after four days of continuous disruptions and delays led to huge losses for the aviation industry. The losses incurred are estimated to be between RM6 million to RM10 million. The exact figure is yet to be disclosed.</p>
<p>Malaysian Transport Minister Anthony Loke Siew Fook said the government is unlikely to get involved if airlines go ahead with their plans to seek compensation from Malaysia Airports Holdings.</p>
<p>Anthony Loke Siew Fook also told the media that, “On our part, we have set up a six-man committee chaired by the ministry&#8217;s secretary-general to investigate what really happened. We have one month to report this to the Cabinet.&#8221;</p>
<p>According to the minister, the team would comprise officials from the Civil Aviation Authority of Malaysia, Malaysian Aviation Commission and the National Cybersecurity Agency.</p>
<p>A system failure caused major delays and the Malaysian airport operator was forced to resort to manual means to get passengers on their flights. It also affected several critical airport services, including internet connection, flight information terminals, and check-in counters. The disruption lasted four days causing major losses and leaving customers frustrated.</p>
<p>While there has been no official statement with regards to the disruptions, some suspects that the core switch that links all the information systems at the Kuala Lumpur International Airport malfunctioned because it had passed its current lifespan.</p>
<p>Malaysia Airports has not ruled out the possibility of a cyberattack and has lodged a police report over the recent systems disruption at Kuala Lumpur International Airport.</p>
<p>The company currently manages 39 airports including Kuala Lumpur International Airport and has around 10,000 employees.</p>
<p>The post <a href="https://internationalfinance.com/aviation/airlines-seek-compensation-malaysian-airport-operator/">Airlines to seek compensation from Malaysian airport operator</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></content:encoded>
					
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		<title>Alibaba-backed DFTZ project attracts SMEs in e-commerce</title>
		<link>https://internationalfinance.com/sme/alibaba-dftz-smes-e-commerce/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=alibaba-dftz-smes-e-commerce</link>
					<comments>https://internationalfinance.com/sme/alibaba-dftz-smes-e-commerce/#respond</comments>
		
		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Tue, 10 Apr 2018 07:02:49 +0000</pubDate>
				<category><![CDATA[SME]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[DFTZ]]></category>
		<category><![CDATA[Digital Free Trade Zone]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[Green World Recycling]]></category>
		<category><![CDATA[Kuala Lumpur International Airport]]></category>
		<category><![CDATA[Malaysia]]></category>
		<category><![CDATA[SMEs]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=16907</guid>

					<description><![CDATA[<p>The number of SMEs in the project has increased from 1,972 to 2,651 and targets a reach of 10,000, says Minister of International Trade and Industry Mustapa Mohamed</p>
<p>The post <a href="https://internationalfinance.com/sme/alibaba-dftz-smes-e-commerce/">Alibaba-backed DFTZ project attracts SMEs in e-commerce</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Officials said SMEs taking part in an e-commerce project Digital Free Trade Zone (DFTZ) backed by the Malaysian government and China’s Alibaba have generated sales revenue worth US$13.5mn since the launch.</span></p>
<p><span style="font-weight: 400;">According to </span><strong><i>Xinhuanet</i>, </strong><span style="font-weight: 400;"><strong>Minister of International Trade and Industry Mustapa Mohamed</strong> said: “This initiative is going to help a lot of SMEs, it&#8217;s going to bring more SMEs from every part of Malaysia to the world stage.”</span></p>
<p><span style="font-weight: 400;">The project was launched by the Malaysian Prime Minister Najib Razak and Alibaba Executive Chairman Jack Ma in November. </span></p>
<p><span style="font-weight: 400;">The Malaysian government has plans to invest efforts to expand the DFTZ project beyond the Kuala Lumpur International Airport. The purpose includes all types of connectivity including sea, land and rail. </span></p>
<p><span style="font-weight: 400;">Business Development Manager for Green World Recycling Hozem Lim said DFTZ and Alibaba-related clearance and customs services have enhanced the overall business efficiency for SMEs.</span></p>
<p>The post <a href="https://internationalfinance.com/sme/alibaba-dftz-smes-e-commerce/">Alibaba-backed DFTZ project attracts SMEs in e-commerce</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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