SINGAPORE (Aug 27): With a third divestment abroad highly likely, 2018 appears to be the year that Malaysia Airports Holdings scaled back overseas to regroup at home.

The many challenges MAHB is facing domestically may explain why it is recalibrating its focus and resources back to Malaysia as, locally, the airport sector is heating up.

The question is whether its international forays came at an opportunity cost at home. With the recent signal from the government that there will be more low-cost carrier terminals, MAHB’s reduced role overseas may be perceived as redirecting resources to focus on LCCTs at home — to some, a strong indictment of its shortcomings at home. In other words, the focus will be on whether the ventures abroad were at the expense of investing in local airports. Whether its international forays are ultimately rewarding will be questioned too.

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