News by Adam Aziz

"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.

Heng, 60, will succeed Tan Teow Keat, 62, who resigned to pursue other interest, Knusford said in a filing with Bursa Malaysia.

"The suspension is in the best interest of Heng Huat," the statement said.

Concurrently, AirAsia has formed a non-executive independent board committee, which comprises non-executive members of the board. “The committee’s main objective will be to review the allegations therein so far, as it concerns AirAsia Group Bhd, and to take any necessary action based on the review,” AirAsia said in a filing today.

Ideal said the project is to redesign and refurbish three buildings, namely Godown 5, Godown 7 and Godown 8, located at the six-century-old seafront between the pier and Tanjung City Marina.

PRG's current issued shares stand at 402.88 million, of which Lua holds 75.06 million, representing an 18.63% stake.

This is because China's share of tourism receipts has more than quadrupled to 19% in 2019 from a mere 4% in 2003, when the SARS or severe acute respiratory syndrome outbreak took place in February to July that year.