Air fares expected to return to normal by November — transport minister

KUALA LUMPUR (July 21): The Malaysian Aviation Commission (Mavcom) expects airfares on domestic routes to return to 2019 levels by November this year as available seating capacity is projected to return to normal, subject to the development of the Covid-19 pandemic, said Transport Minister Datuk Seri Dr Wee Ka Siong (pictured).

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Zecon gets shareholder nod for rights issue

KUALA LUMPUR (July 21): Zecon Bhd has received approval from its shareholders for its proposed rights issue to address its current funding requirements to meet its short-term obligations and liabilities, as well as strengthen its financial position.

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MoF: Goldman Sachs reps in Malaysia to discuss 1MDB settlement deal

KUALA LUMPUR (July 20): Senior representatives of Goldman Sachs Group Inc have flown into Malaysia this week to continue its discussions with the Malaysian government on the repatriation of 1Malaysia Development Bhd (1MDB) funds and assets into the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

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MACC denies arresting Syed Saddiq

KUALA LUMPUR (July 18): The Malaysian Anti-Corruption Commission (MACC) today denied arresting former Youth and Sports Minister Syed Saddiq Syed Abdul Rahman after he presented himself at the MACC headquarters yesterday to give his statement to assist the probe into his missing cash.

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