News by Adam Aziz

In a statement, PMO clarified that Prime Minister Tun Dr Mahathir Mohamad did not suggest that the recent allegations of bribery against AirAsia executives were offset payments.

This is the first reduction in the retail prices of both fuel products since February 2019.

Samling is also alleging that Ekovest and ECSB had failed, neglected and/or omitted to discharge their responsibilities with due care and diligence in the implementation of the project.

This marks an end to GSC’s over 12-year run in Pavilion since its launch as a 13-screen multiplex on Nov 28, 2007.

The better results came on the back of higher gross revenue of RM7.61 million from RM4.9 million in 4QFY18, as well as lower property operating expenses for the quarter.

At 3:57pm, AirAsia shares pared gains to trade at RM1.24, for a market capitalisation of RM4.08 billion. The counter saw some 105 million shares traded to become Bursa Malaysia's most-active stock.

"Yes, I hear there are allegations that AirAsia is involved in corruption. I am hesitant to comment, but usually when governments buy equipment, we always ask for an offset."

Finance Minister Lim Guan Eng: MoF is very concerned with the outbreak of the 2019 novel coronavirus which has affected the economy in general, and especially the tourism industry.

In a bourse filing today, Eversendai said two of the new contracts comprise a structural steel link bridge between two buildings and structures for a retail leisure commercial project in Kuala Lumpur.

“We categorically deny any and all allegations of wrongdoing or misconduct on our part as directors of AirAsia. We would not harm the very companies that we spent our entire lives building up to their present global status,” they said.