EVENING 5: MYAirline open to being taken over, admits to lack of contingency plan
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. Troubled airline MYAirline Sdn Bhd's major shareholder Datuk Allan Goh Hwan Hua is willing to relinquish all his shareholding in the low-cost carrier it was revealed at its first press conference today since the abrupt suspension of its operations.
2. The government expects to raise an additional revenue of RM3 billion through the increase in the sales and service tax to 8% next year, but will keep an eye on certain sectors.
3. Following KNM Group Bhd’s extraordinary general meeting, the group’s chairman, Tunku Datuk Yaacob Khyra has won the majority support of shareholders, but challenges remain.
4. The Federal Court has dismissed appeals by Datuk Seri Najib Razak and Datuk Nazifuddin Najib against summary judgments in their tax appeals case.
5. The Malaysian Anti-Corruption Commission has taken two law firms to court in order to compel them to produce documents linked to a settlement agreement between Goldman Sachs and AmBank in relation to the 1Malaysia Development Bhd scandal.