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Citigroup sells consumer bank in Philippines

Citigroup Inc said on Thursday it is selling its consumer-banking business in the Philippines to UnionBank in the third of 13 planned exits from Asia franchises. Citigroup said the Philippines transaction will increase its tangible common equity by about $500 million of the total $7 billion increase it expects to eventually come from the Asia divestiture plan it announced in April. Unionbank will pay cash for the net assets of the Citi Philippines' consumer banking business plus a premium of 45.3 billion pesos, or about $908 million, Citigroup said. PNB declares five sen dividend income for ASB unitholders

PNB said ASB allocation in international investments increased from 5.9% in 2020 to 8.2% this year. International public equities contributed 30.7% share to gross income in 2021 as compared to 24.2% last year.

AirAsia-suspends-new-vtl-bookings-from-kl-bangkok-to-singapore&source=gmail&ust=1640650078989000&usg=AOvVaw2U7uL6uWfaSbTAG3wW6K7R" href="" target="_blank">AirAsia suspends new VTL bookings from KL, Bangkok to Singapore

Low-cost airline, AirAsia Group Bhd, will be suspending new Vaccinated Travel Lane (VTL) flight bookings between Dec 23 and Jan 20, 2022 from Kuala Lumpur and Bangkok Don Mueang Airport to Singapore. AirAsia Malaysia will continue to operate seven times weekly VTL flights from Kuala Lumpur to Singapore. AirAsia is closely monitoring the global health situation and reserves the right to announce further policies according to the latest developments. Thousands of flights cancelled globally as Omicron mars Christmas weekend

Airline carriers globally scrapped at least 2,401 flights on Friday, which fell on Christmas Eve and is typically a heavy day for air travel, according to a running tally on the flight-tracking website FlightAware. The website showed that 1,779 Christmas Day flights were called off worldwide, along with 402 more that had been scheduled for Sunday. Commercial air traffic within the United States and into or out of the country accounted for more than a quarter of all the canceled flights over the weekend, FlightAware data showed. Berjaya Air buys world's most modern Airbus helicopters

Berjaya Air Sdn Bhd, a subsidiary of Berjaya Land Bhd (BLand), has purchased ACH160 and H175 helicopters from Airbus Helicopters. The ACH160 is a premium version of the new H160 helicopter which was certified by European Union Aviation Safety Agency (EASA). The ACH160 sets a new benchmark in corporate transportation as the most technologically advanced helicopter in its class.


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