Stop Rm300 Million Sabah Loan To Airasia Says Sapp Chief


 
SAPP president Yong Teck Lee says the Sabah Development Bank should not be taking risks on investing in the airline during the pandemic.KOTA KINABALU: The Sabah state government has been urged to stop a RM300 million loan approved by the Sabah Development Bank to AirAsia.
SAPP president Yong Teck Lee said the state-owned bank is mandated to provide development financing to projects in Sabah and not on risky ventures.
He said it is not in the best interest of the Sabah government and SDB to risk its limited funds to keep AirAsia afloat.
“If any help is needed to keep both AirAsia and Malaysia Airlines afloat, then it is for the federal government to take up the tasks,” he said.
“What is RM300 million compared to the RM66 billion debt that AirAsia is exposed to? How can RM300 million of SDB’s meagre funds help to keep AirAsia afloat?
“RM300 million is only 4.5% of the debt exposure of AirAsia. Instead, the RM300 million can do a lot to help revive the Sabah economy by lending to the housing, agricultural or construction sector in Sabah,” Yong said.
“The airline industry is hardly something that SDB should be taking risks with during the Covid-19 pandemic. Any banker and businessman knows what crisis the airline industry is facing. As reported, AirAsia is already being sued by Malaysia Airports Holdings for RM78.16 million,” he said.
Yong also asked if the RM300 million loan exceed the Single Borrower’s Limit according to banking standards.
“As the new government has just taken office three weeks ago, it is safe to say that the loan was approved during the era of the last government. SDB should be made answerable for the loan approval,” he said in a statement here today.
According to news reports by local and international media, SDB has approved a RM300 million loan to AirAsia “to keep the airline afloat amid the coronavirus pandemic”.
Yong questioned what repercussions on the loan there would be the airline had not recovered after two months. “What if AirAsia ends up like Dragon Air (which was shut down), a subsidiary of the mighty Cathay Pacific, Hong Kong’s flag carrier?” - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/10/stop-rm300-million-sabah-loan-to.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Kn

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Airasia Sahkan Dapat Pinjaman Rm300 Juta Daripada Sabah Development Bank

Airasia Sahkan Dapat Pinjaman Rm300 Juta Daripada Sabah Development Bank

papar berkaitan - pada 24/10/2020 - jumlah : 257 hits
KUALA LUMPUR 24 OKT AirAsia Group Bhd mengesahkan ia memperoleh pinjaman sebanyak RM300 juta daripada Sabah Development Bank Bhd dan bukan daripada mana mana pembiayaan atau jaminan kerajaan Syarikat penerbangan tambang rendah itu dalam mak...
Govt Approves Rm1 Bil Loan For Airasia Says Report

Govt Approves Rm1 Bil Loan For Airasia Says Report

papar berkaitan - pada 13/10/2020 - jumlah : 295 hits
AirAsia will use the funds to repay short term loans and as working capital PETALING JAYA Putrajaya has reportedly approved a RM1 billion loan for AirAsia Group Bhd to help the budget airline through the tough times brought about by the Cov...
Sabah Icus At 72 Percent Capacity Says Health Dg

Sabah Icus At 72 Percent Capacity Says Health Dg

papar berkaitan - pada 18/10/2020 - jumlah : 291 hits
COVID 19 Occupancy of critical care beds in Sabah hospitals is rising as the Covid 19 pandemic continues to ravage the state Health Ministry director general Dr Noor Hisham Abdullah said that 72 percent of the 122 intensive care unit beds i...
Man Of Your Word Or Hypocrite Choice Is Yours Dr Mahathir Says Pkr Youth Vice Chief

Man Of Your Word Or Hypocrite Choice Is Yours Dr Mahathir Says Pkr Youth Vice Chief

papar berkaitan - pada 18/10/2020 - jumlah : 219 hits
Tun Dr Mahathir Mohamad should make good on his initial promise to support Datuk Seri Anwar Ibrahim in the latter s bid to take over the post of prime minister PKR youth vice chief Syed Badli Shah Syed Osman said today Syed Badli said it wa...
Covid 19 Almost 500 Health Personnel Deployed To Sabah Says Health Dg

Covid 19 Almost 500 Health Personnel Deployed To Sabah Says Health Dg

papar berkaitan - pada 11/10/2020 - jumlah : 364 hits
KUALA LUMPUR A total of 475 medical and public health personnel of various categories and service schemes have been deployed to several districts in Sabah as of Saturday says Health director general Tan Sri Dr Noor Hisham Abdullah He said t...
Pointless To Have Sabah S Own Health Minister Says Masidi

Pointless To Have Sabah S Own Health Minister Says Masidi

papar berkaitan - pada 19/10/2020 - jumlah : 268 hits
Masidi Manjun says the functions of the state s health ministry are under the state s community development and people s wellbeing ministry KOTA KINABALU Local Government and Housing Minister Masidi Manjun has spoken out against a proposal ...
Worse Covid 19 Numbers In Sabah Soon Says State Minister

Worse Covid 19 Numbers In Sabah Soon Says State Minister

papar berkaitan - pada 25/10/2020 - jumlah : 237 hits
The number of Covid 19 cases in Sabah will get worse in the coming days a state minister said after a record high of 889 cases were reported in the state today Masidi Manjun the state government spokesman on Covid 19 said the Kepayan prison...
Covid 19 Vaccine To Cost Rm600mil For Only Three Million Doses Under Covax Plan Says Pm

Covid 19 Vaccine To Cost Rm600mil For Only Three Million Doses Under Covax Plan Says Pm

papar berkaitan - pada 14/10/2020 - jumlah : 296 hits
PETALING JAYA It will cost Malaysia about RM600mil to source some three million doses of the Covid 19 vaccine under the Covid 19 Vaccine Global Access plan says Tan Sri Muyiddin Yassin We need to pay RM42mil just to join the Covax plan When...
Covid 19 291 New Cases Two Deaths In Sabah Says Masidi

Covid 19 291 New Cases Two Deaths In Sabah Says Masidi

papar berkaitan - pada 13/10/2020 - jumlah : 317 hits
KOTA KINABALU Sabah recorded another two deaths due to Covid 19 on Monday Minister in charge of Covid 19 matters in Sabah Datuk Seri Masidi Manjun said this brings the total number of deaths to 35 in the state He said there is also one more...
Validating Your Startup Idea

Kena Scam Dengan Sakinah Top Fb

Pengalaman Menambah Nilai Kad Touch N Go Di Caring Pharmacy

Oriental Kopi Klcc Port Minum Kopi Terbaru

Pasar Raya Flagship Jaya Grocer Di Sunway Pyramid Tarik Pengunjung Dengan Penampilan Serba Baharu

Hiburan You Touch You Go Pengerusi Mara Beri Amaran Akan Ambil Tindakan Tegas Kepada Pembuli

U Mobile The New Ali Baba Contractor For The Second 5g Network Tender

Rachel Zegler S Legs And Feet In Tights 6


echo '';
Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council

Anugerah Seri Angkasa 2024 Senarai Keputusan Pemenang Calon Top 5 Kategori Hadiah Persembahan Penyampai Trofi Dan Segala Info ASA 36


Upah Wartawan Laporan Syarikat Tersebar Peminat Bengang Lihat Rancangan Hybe Untuk Jatuhkan Lisa Bp

Nohhhhhh Aaaiiiiihhhhh

Pmx Sound Direct Isu Nafas

Aafiyah Tamat Tadika Siti Nurhaliza Kongsi Kegembiraan

Explore The Hottest Tangkasnet Gaming Trends And Top Picks For 2024

Bahayakah Tekanan Darah Rendah