KUALA LUMPUR, March 16 — Malaysia Airports Holdings Bhd’s (MAHB) share price rose 1.15 per cent this morning on the back of the Vaccinated Travel Lane (VTL) by Air programme and recovery expectation for the airport retail sales this year as the country’s international borders reopen in April.
On Tuesday, MAHB and the Ministry of Transport said they have obtained approval from the Ministry of Health to implement the “Test and Release” arrival process under the VTL by Air programme starting today.
MAHB managing director Datuk Iskandar Mizal Mahmood said with the enhancement, travellers no longer have to wait for their COVID-19 RT-PCR screening test results at the airport.
VTL by Air for Cambodia and Thailand commenced yesterday, while VTL by Air with Singapore is expanded to include a new Malaysian destination, Penang, which also starts today.
Meanwhile, MAHB senior general manager of commercial services Hani Ezra Hussin said the recovery on reopening of the shops are more than the recovery of passengers coming in to the airport.
“Some of these retailers would need to restock with gradual opening of stores at the moment. Travellers could also see new brands coming in at the airports from quarter two of this year,” she said.
As at 10.16 am, MAHB’s share price rose seven sen to RM6.17 with 139,000 shares traded.
