The mavcom wanna equalise psc...y not reduce klia psc to match with klia 2...that one also equalise...y mus increase klia 2 to match klia ....all sama collect 50 everyone happy...but mahb not happy...lol
Next year Air Asia and Gen M power !! Sing dollar going up !! Oil going down !! News out edi !! Go Google !! I guess by January AA will hit 4.10 & Gen M hit 5 !! If all goes well !! Wait Q4 results out sure up kao kao !! 2019 Chinese New Year up lagi !! Win liao loh !! Genting Malaysia now charge parking fees somemore !! Comfirm champion !!
Many news not reliable one, c who is the first one release news say genting themepark nex year will open, now uturn balik.... Now come here release news. Wnt to confuse u all haha.
Window dressing? Somebody dump RM5 million into stock market and started buying AA for about 9 mins. Unfortunately once buying stopped AA started falling again.
KUALA LUMPUR: The High Court has reinstated a decision by the Malaysia Competition Commission (MyCC) that fined AirAsia and Malaysia Airlines System Berhad RM10 million each for breaching a market-sharing prohibition.
Judge Nordin Hassan set aside a decision by the Competition Appeal Tribunal in 2016 that the two airlines did not need to pay the fine as they did not infringe the Competition Act.
“Having considered the issues and arguments put forward by lawyers for the commission, AirAsia, MAS and the tribunal, the court finds the tribunal’s decision tainted with error.
“The tribunal failed to consider the collaboration agreement between the two companies had the effect of distorting competition,” he said.
Nordin also ordered both airlines to pay costs of RM10,000 each.
However, the court did not set a timeframe for the settlement of the RM10 million fines.
MyCC’s Iskandar Ismail (left) with his lawyer, Lim Chee Wee, outside the High Court today.
MAS and AirAsia’s case with MyCC started in 2014 when the commission found both airline companies had breached the market-sharing prohibition under Section 4(2)(b) of the Competition Act by entering into an agreement on sharing markets in the air transport services sector within Malaysia.
MyCC has the power to fine both airlines 10% of their global revenue for infringing the Act, but imposed a far lesser penalty because the airlines were “cooperative” during the investigation.
The RM10 million fines by MyCC were based on flights by both AirAsia and MAS in the four months between Jan 1 and April 30, 2012 on the Kuala Lumpur-Kota Kinabalu, Kuala Lumpur-Kuching, Kuala Lumpur-Sandakan and Kuala Lumpur-Sibu routes.
MyCC’s CEO Iskandar Ismail said the High Court ruling had cleared doubts on the commission’s duties.
“The decision made clear our duty in enforcing the law and to subsequently impose fines on those who infringe the competition laws,” he said.
AirAsia will appeal against the High Court’s decision.
“The RM10 million fine is not a small amount,” said its lawyer Leonard Yeoh.
Is all about your holding power And your trust to the company !! Nobody ask anyone to all in !! Price will always go up and go down You can never predict the correct one !! Sometimes company issue bonus shares then price go down. It is many factors !! AA & Gen M got give dividen so I am not afraid !! I got hold their highest and lowest and medium !! Hold for 3 years edi !! Still holding !! So if cannot hold please don’t come in !!
Aiyooo...who go test water...said liao DJ selldown haven’t done mah...only half day show...CIMB no need to say something....silence is the best...hehehe...later many investor use when IB say sell you buy, when buy you must sell...
"The RM10mil penalty each on AirAsia and MAS was less than the maximum fine of 10% of the companies respective worldwide turnovers between January and April 2012, when the alleged infringement occurred"
"The court did not provide a time frame for the two respondents to settle their fines."
for the court case...gentle remind ya...wait Air Asia to decide for installment plan ya...you know people see 10mil straight dump...hehe...better drop more
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icecool
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Posted by icecool > 2018-12-20 18:05 | Report Abuse
if buy expensive just hold