Avril Hong

Singapore

Reporter at Bloomberg News

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Articles

Malaysia Sees US Reducing Proposed Tariff to 10% as Good Outcome

1 month ago | news.bloombergtax.com | Anisah Shukry |Philip Heijmans |Avril Hong

The US reducing its proposed tariffs on Malaysia to a 10% baseline would be seen as a positive move, Investment, Trade and Industry Minister Zafrul Aziz said, conceding that a previously hoped for levy of zero may not be possible. “To be fair, and the US has also been public about this, that the 10% is not negotiable — it seems to be the floor,” he said in an interview with Bloomberg TV on Tuesday on the sidelines of a regional summit in Kuala Lumpur.
Malaysia Sees Reducing the US’s Proposed Tariff to 10% as a Good Outcome

1 month ago | bloomberg.com | Anisah Shukry |Philip Heijmans |Avril Hong

Zafrul Aziz(Bloomberg) -- The US reducing its proposed tariffs on Malaysia to a 10% baseline would be seen as a positive move, Investment, Trade and Industry Minister Zafrul Aziz said, conceding that a previously hoped for levy of zero may not be possible. “To be fair, and the US has also been public about this, that the 10% is not negotiable — it seems to be the floor,” he said in an interview with Bloomberg TV on Tuesday on the sidelines of a regional summit in Kuala Lumpur.
Pennsylvania Municipal Pension Exploring US Private Credit Funds

Mar 24, 2025 | news.bloombergtax.com | Joanne Wong |Avril Hong

The Pennsylvania Municipal Retirement System is looking at private credit as a US domestic strategy, while it seeks asset diversification, its chief executive officer said in an interview with Bloomberg Television. The pension administrator, managing more than in assets, says it’s studying private credit fund managers and where they’re investing, Timothy Reese said on the sidelines of the Milken Institute Global Investors’ Symposium in Hong Kong on Monday.
Pennsylvania Municipal Pension Exploring US Private Credit Funds

Mar 23, 2025 | bloomberg.com | Joanne Wong |Avril Hong

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SriLankan Airlines' Growth Ambitions Curbed by Legacy Debt, CEO Says

Feb 17, 2025 | bloomberg.com | Peter Vercoe |Avril Hong

SriLankan Airlines should ideally double its fleet over the next five years, but is constrained by debt issues and the government’s poor financial situation, according to Chief Executive Officer Richard Nuttall. The carrier operates an all-Airbus SE fleet of 24 jets, split evenly between long-haul and short-haul routes.
Xero Profit Seen Rising 70% as CEO Cassidy Pushes Growth Agenda

Nov 14, 2024 | bloomberg.com | Peter Vercoe |Avril Hong

Xero Ltd., which offers accounting software for small businesses, sees opportunities for further growth as countries push the digitization of functions such as payroll and tax, Chief Executive Officer Sukhinder Singh Cassidy said. “We participate in a sector that globally has low penetration – small businesses digitizing software services,” Cassidy said in an interview with Bloomberg TV on Friday. “As countries continue to push digitization, that’s the biggest tailwind in our business,” she said.
Air NZ chief says engine dramas to hamper flights for years

Aug 29, 2024 | ajot.com | Angus Whitley |Paul Allen |Avril Hong

Air New Zealand Ltd. Chief Executive Officer Greg Foran said the engine problems that have grounded a significant number of the airline’s jets will hamper operations for another two years. Four of Air New Zealand’s 14 Boeing Co. 787s currently can’t fly because engines from Rolls-Royce Holdings Plc aren’t available, Foran said in a Bloomberg Television interview Thursday.
Air NZ Chief Says Engine Dramas to Hamper Flights for Years

Aug 29, 2024 | bloomberg.com | Angus Whitley |Paul Allen |Avril Hong

Air New Zealand Ltd. Chief Executive Officer Greg Foran said the engine problems that have grounded a significant number of the airline’s jets will hamper operations for another two years. Four of Air New Zealand’s 14 Boeing Co. 787s currently can’t fly because engines from Rolls-Royce Holdings Plc aren’t available, Foran said in a Bloomberg Television interview Thursday.
ASIC Deputy Chair Says Seeks Future Penalties in ASX Civil Suit

Aug 14, 2024 | bloomberg.com | Avril Hong |Paul Allen

Australia’s markets regulator plans to seek penalties after it sued ASX Ltd. for misleading statements relating to years of concerns over the progress and delays of a technology project. Australian Securities and Investments Commission Deputy Chair Sarah Court said the case against ASX is in its “early stages” and while it “will be seeking penalties down the track,” it is now up to the Federal Court to decide on the allegations made in the civil case.
ASIC Deputy Chair Says Seeks Future Penalties in ASX Civil Suit

Aug 14, 2024 | bnnbloomberg.ca | Avril Hong |Paul Allen

(Bloomberg) -- Australia’s markets regulator plans to seek penalties after it sued ASX Ltd. for misleading statements relating to years of concerns over the progress and delays of a technology project. Australian Securities and Investments Commission Deputy Chair Sarah Court said the case against ASX is in its “early stages” and while it “will be seeking penalties down the track,” it is now up to the Federal Court to decide on the allegations made in the civil case.