Zarinah to exit at end of contract?
This due largely to her husband's position as Chairman of E&O who had incidentally strengthen his shareholding in the lead up to the announcement of Sime Darby's acquisition.
All said, her contract which is due to run out next month is said to be 'not up for renewal'. To be fair, six years at the helm of the commission is somewhat on the high side.
Prior to joining the SC, Zarinah was deputy Chairman of Shell Malaysia. She has been in the SC since 2001, and sits on several committees pertaining to regional financial and securities institutions.
With Zarinah's impending departure, the Najib administration might still have to fend off its political enemies in the wake of other controversies, the NFC (National Feedlot Corporation) allegations being another. - TnT Commentary
Air Asia not 'fair dinkum'?
It is learned that The Australian Competition and Consumer Commission (ACCC) has initiated investigations and legal proceedings against AirAsia for wrongful or partial disclosure of ticket costs as it did not include complete information pertaining to additional charges as well as taxes and fuel costs.
AirAsia is said to be investigating these claims on what is thought to be advertisements on its recently launched Sydney routes. Air Asia is no stranger to controversy as it was dogged in 'dodging fees' when MP Wangsa Maju raised issues of unpaid fees to Malaysian Airport Berhad in the past. However, as a part of the Comprehensive Collaboration Framework, TnT has been told that these fees have already been paid.
Air Asia has further informed that it will not comment on the investigation by ACCC as it seeks legal advice on the same.-TnT
This Wednesday, an equally important congregation of national interest is about to take place there the highly-publicised EGM of Koperasi Permodalan Felda (KPF), a cooperative owned by Felda settlers.
The earlier Jan 5 KPF EGM, which was skewered towards the proposed listing of Felda investment arm Felda Global Ventures Holdings Bhd (FGVH) on the Main Market of Bursa Malaysia, had to be postponed.
Four settlers in Pahang on Jan 4 had managed to get an injunction from the court to stop the earlier EGM from taking place.
Felda settlers, via KPF, holds a 51% stake in Felda Holdings Bhd, which in turn is a 49% subsidiary of FGVH. The statutory body under the Prime Minister's Department, Federal Land Development Authority (Felda), meanwhile has a 100% stake in FGVH.
Star Business - EGM of Felda's Cooperative may see some sparjks flying
The offers for domestic sectors and to Asean destinations are valid for travel with immediate effect till Aug 31, while the deals for the US, North Asia, Europe, South Asia, China/Hong Kong and Australia are valid until June 30.
For customers' convenience, fares offered are inclusive of airfares, fuel surcharges and airport taxes, said MAS Regional Senior Vice-President for Malaysia and Asean Muzammil Mohamad.
He said: "At Malaysia Airlines, we are continuously upgrading our products and services for customers to enjoy more at value deals.
"The deals are made possible due to the new fuel-efficient aircraft that are regularly joining our fleet. These aircraft also have improved inflight facilities that also allow us to enhance our service offerings to customers."
Star Business - MAS offers attractive business class deals
In turn, Malaysian Telcos that have placed stakes in the local industry there might see more than loses if further action should be taken.
Other multinational companies that are affected by this ruling include Norway's Telenor.
However, Maxis majority owned Aircel Ltd, which saw the Indian authorities making announcements and filing court applications against senior officials will emerge unscathed, reports indicate.
All said, it is still early days yet, but this scenario in India does not augur well for the Manmohan Administration, itself plagued with massive corruption allegations in the 2010 Commonwealth games. And with rulings such as this, foreign companies might yet shudder before entering into any deals in India. - TnT commentary
