Leaders of major Asian airlines expressed frustration over supply chain issues causing delays in new aircraft and spare parts deliveries, which are impacting operations and customer satisfaction. Malaysia Airlines attributed the shortages to a focus on profit margins, while Singapore Airlines criticized industry lobby groups for inadequate representation.
Malaysia Airlines Chief Executive Officer Izham Ismail will continue in his role for another year following the extension of his contract. Initially set to retire at the end of 2024, Izham has led the airline since 2017, with the extension confirmed by a company representative after an inquiry from Bloomberg News.
Malaysia's currency is poised for its largest monthly decline since 2015, with the ringgit down over 6% against the dollar in October. As of Wednesday, it traded at 4.39 per dollar, reflecting investor caution amid uncertainties surrounding the US election.
Saudi Arabia is enhancing its medical tourism sector through strategic partnerships, including recent agreements with Morocco and Thailand aimed at improving healthcare collaboration. Despite these initiatives and infrastructure improvements targeting 150 million arrivals by 2030, the country is expected to fall behind established markets like Thailand, the UAE, and Malaysia, which offer more specialized treatments and better-developed facilities.
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