|
Malaysia Airports
Malaysia Airports Holdings Berhad () is a Malaysian airport company that manages most of the airports in Malaysia. The firm was recently awarded the duty to manage airports in international destinations. It has its head office in the Malaysia Airports Corporate Office in the Persiaran Korporat KLIA in Kuala Lumpur International Airport (KLIA), Sepang, Selangor. History Malaysia Airports Berhad was incorporated in 1991 when the Malaysian Parliament passed a bill to separate the Department of Civil Aviation (DCA) into two entities with different spheres of responsibilities. DCA remains the regulatory body for the airports and aviation industry in Malaysia, whilst the newly created entity, Malaysia Airports Berhad, is to focus on the operation, management, and maintenance of airports. In November 1992, Malaysia Airports Berhad was duly licensed by the Minister of Transport Malaysia to carry out its function as the airport operator. The holding company, Malaysia Airports Holdin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and dev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |