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September 3, 2018 5:36 AM AirAsia on track to sell remaining 30 aircraft, RM2.89b disposal proceeds received so far

PETALING JAYA: AirAsia Group Bhd said it is on track to complete the disposal of the remaining 30 aircraft and 14 aircraft engines under its plans to divest the aircraft leasing operations. It is the group's strategy to divest non-core assets and focus on its core airline operating business. The low-cost carrier told Bursa Malaysia that it had completed 6

September 2, 2018 10:26 AM Modified cash accounting system also shows RM16b missing: Lim

PUTRAJAYA: A total of RM16 billion of unreturned taxes has remained missing from the Fund for Tax Refund Trust Fund (TBBC) regardless of whether the government uses the modified cash basis or the accrual accounting system, according to Finance Minister Lim Guan Eng. Responding to former prime minister Datuk Seri Najib Abdul Razak's Facebook post, he said according 51

August 29, 2018 1:17 PM Malaysia targets 80% rice self-sufficiency by 2022

SERDANG: Malaysia targets to achieve 80% self-sufficiency in rice by 2022, moving up from the current 70%, said Agriculture and Agro-based Industry Minister Datuk Salahuddin Ayub. He said efforts were being made in that direction, such as increasing the rice variants and fertiliser and opening the door for technology transfer from China, Taiwan and Japan 5

August 26, 2018 12:49 PM BR1M issue: Pakatan Harapan reminded not to make mistakes

KUALA LUMPUR: Pakatan Harapan (PH) is reminded not to make mistakes on the Bantuan Sara Hidup (BSH), formerly known as 1Malaysia People's Aid (BR1M). PH Youth leader Nik Nazmi Nik Ahmad said any reform should only be done with the consensus of all PH parties and the Cabinet especially since the party manifesto promised that the BR1M should be retained 6

August 18, 2018 12:42 PM Companies migrating to SST urged to seek further assistance: Customs DG

SUBANG JAYA: Companies that were migrated automatically to the sales and service tax (SST) system, as well as businesses that are taxable, have been urged to seek further assistance to avoid any complications before the implementation date. Royal Malaysian Customs Department director-general Datuk Seri Subromaniam Tholasy said this during a press conference 14

August 18, 2018 7:18 AM Police to record Lim Guan Eng's statement over missing GST refunds

KUALA LUMPUR: Finance Minister Lim Guan Eng's statement over the missing RM19.25 billion in the Goods and Services Tax (GST) Refunds Trust Account will be recorded by the police next week. Lim, who is also DAP Secretary-General, said his full cooperation with the police proves that the new government wants the truth to prevail. He said former Prime Minister 15

August 15, 2018 11:44 AM Government will repay RM19.25b GST refunds from 2019

PETALING JAYA: Finance Minister Lim Guan Eng said in a statement today that the government will repay RM19.25 billion in outstanding GST refunds to 121,429 companies and individuals from next year. The GST Refunds Trust Account currently only holds RM148.6 million and Lim did not elaborate on how the government would make good on the payments, which 13

August 14, 2018 3:39 PM AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

PETALING JAYA: AirAsia Group Bhd has divested its remaining 25% stake in its joint venture (JV) company AAE Travel Pte Ltd for US$60 million (RM240 million) to the 75% stakeholder, Expedia Inc's Expedia Southeast Asia Pte Ltd, in a bid to monetise its investment and utilise the proceeds as working capital. The group announced in a bourse filing yesterday 18

August 11, 2018 12:24 PM Proud Pogba happy to repay trust as Man Utd captain

MANCHESTER, United Kingdom: Manchester United midfielder Paul Pogba declared his pride at being named captain for Friday's Premier League opening 2-1 win over Leicester, but pointedly suggested he wants to be trusted more by manager Jose Mourinho. Mourinho surprisingly put Pogba straight into the starting line-up and handed him the armband even though 16

August 9, 2018 12:08 PM Chelsea swoop for Kepa in record move as transfer deadline looms

LONDON: Chelsea shattered the world-record fee for a goalkeeper with an 80-million euro swoop for Athletic Bilbao's Kepa Arrizabalaga on Wednesday as the Premier League transfer window prepared to slam shut. While the rest of Europe's leading leagues don't close the window until later in August, England's top-flight clubs have until 1600GMT on Thursday 25