Category: 2014

15 December 2014 MARC has affirmed its rating of AAA(fg) on special purpose vehicle Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million Medium-Term Notes (MTN) programme with a stable outlook. The rating reflects the credit strength of the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad which carries MARC's financial strength rating of AAA/Stable. Segi Astana's sole … Continue reading MARC Affirms its AAA rating on Segi Astana Sdn Bhd

15 December 2014 Tony Pua accuses Transport Minister of refusing to give the go-ahead for an Auditor-General’s audit because he wants to protect certain parties. DAP National Publicity Secretary Tony Pua is refusing to let up on pushing for a full Auditor-General’s audit of the RM4 billion klia2, accusing Transport Minister Liow Tiong Lai of … Continue reading Pua accuses Liow of sidestepping klia2 audit issue

15 December 2014 Transport Minister Datuk Seri Liow Tiong Lai must stop sidestepping issues surrounding klia2 and instead, make a decision on whether the Auditor-General (A-G) could audit the RM4 billion low-cost terminal, said a Public Accounts Committee (PAC) member today. Tony Pua, who is also Petaling Jaya Utara MP, said that despite setting up … Continue reading Allow A-G to audit klia2, Pua tells transport minister

13 December 2014 The Independent Audit Committee (IAC) will only investigate the security of Kuala Lumpur International Airport 2 (klia2), said Datuk Seri Liow Tiong Lai. The Transport Minister denied the IAC was “not independent” and a “waste of resources” as claimed by Public Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed. “The IAC is … Continue reading Independent Audit Committee will only probe security of klia2

13 December 2014 Public Audit Committee (PAC) chairman Datuk Nur Jazlan Mohamed is urging the special audit committee set by the Transport Ministery to not only investigate the klia2 safety regulations procedure but to also take into account carrying a full investigation on the airport overall designs and development planning.  Nur Jazlan said PAC had … Continue reading PAC chairman urges klia2 safety regulations to be investigated

13 December 2014 The depressed price of jet kerosene would be positive for the aviation sector given that fuel cost constitutes 35 to 50 per cent of total operation expenditure (opex), thus having a profound impact towards the sector’s bottomline. Of note, the OPEC meeting concluded recently with the cartel members retaining its production target … Continue reading Travel industries to gain from depressed price of jet fuel

12 December 2014 A five-man independent audit committee formed by the Transport Ministry will investigate the problems of sinking and ponding, among others, at klia2. Minister Datuk Seri Liow Tiong Lai said he expected a report from the committee to be out by the first half of 2015, promising action upon its release. "I'll expect … Continue reading Transport Ministry to probe sinking and ponding at klia2

12 December 2014 The new audit panel on the second Kuala Lumpur International Airport (klia2) is “not independent” and a “waste of resources”, parliament’s Public Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed said today. Nur Jazlan also said there appears to be a “double standard” when the Auditor-General was not called in by Putrajaya … Continue reading PAC chairman quizzes klia2 panel’s independence

12 December 2014 Transport Minister Datuk Seri Liow Tiong Lai today named a five-member independent audit committee to probe safety issues at klia2. Liow said the committee formed under the Transport Ministry, will be headed by Federation of Engineering Institutions of Asia and Pacific (FEIAP) president Datuk Dr Chuah Hean Teik, with members from both … Continue reading Five-member audit committee to probe klia2

12 December 2014 A Public Accounts Committee (PAC) member has questioned the Transport Ministry's decision to set up an independent panel to investigate the sinking and ponding issues at klia2 instead of heeding its recommendation for the Auditor-General (A-G) to audit the RM4 billion low-cost terminal. PAC member, DAP's Tony Pua, said Transport Minister Datuk … Continue reading Why only probe sinking problem at klia2, asks PAC member