AirAsia CEO sees profit even if oil hits US$200

The spiralling price of oil is beyond any airline's control and fuel hedging can only be a "temporary pain relief" at best, he said.Fernandes said the key to AirAsia's sustainability, regardless of crude oil prices, is to launch more high demand routes that will keep sales growing, coupled with a strong marketing skill that will ensure those seats are filled.

"We started KL-Haikou. No one had ever done it, and now we are full, with 92 per cent load factor. We are making good profit from that route. If we didn't do that route, we'd have less profit to cover the price of oil," Fernandes added.

He is also not worried about a potential economic slowdown, or that rising food prices may force consumers to keep their money for other things more essential than travel. Instead, he believes people may go for holiday even more as they seek refuge from the reality of the life.

"There are two things that will benefit from an economic slowdown - the movie industry and travel. Because what do you want to do if the economy slows? You want to go out and have some fun! So you'll lose yourselves in it," he said. Taken from Btimes

Matjem: Terer mamat Tony ni......kat US yelah movie kat Malaysia tak comply langsung....Travel maybe lah...yelah ngko boleh le buat profit semua additional charge tu pegi balik kat consumer....

Fuel subsidy quota may be increased

KOTA KINABALU: The fuel subsidy quota for vehicles owned by transport companies may be increased.
Second Finance Minister Tan Sri Nor Mohamed Yakcop said the directive for a review was given by Prime Minister Datuk Seri Abdullah Ahmad Badawi in response to a request by transport companies.

"The prime minister has directed the relevant ministry to look into increasing the fleet card quota for transport companies," he said.

Currently, only 30 per cent of vehicles owned by transport companies are entitled to the fuel subsidy, prompting them to raise fares. Taken from NST

MAS terminates travel privileges for AirAsia CEO

PETALING JAYA: The war of words between AirAsia and Malaysia Airlines seems to have moved to a personal level with the latter terminating discount benefits for the former's group chief executive officer Datuk Seri Tony Fernandes.

In a letter dated May 28, MAS managing director Datuk Seri Idris Jala said the MAS management team had decided it was “best to withdraw” Fernandes' travel privileges following protest letters from many MAS staff..Taken from Thestar

Five EU countries to appeal on Malaysia’s behalf

PUTRAJAYA: Five European Union countries have pledged to appeal on Malaysia’s behalf for the continuation of its seafood and live fish imports into the continent.

Health Minister Datuk Liow Tiong Lai said this was because there had never been complaints among EU members of any bacterial contamination in Malaysia’s seafood and live fish products.

However, he did not name the countries involved.

Matjem:....Ape ni? Tak gentle lah......ape negara EU tu? Poland? Latvia? Lithuania? Cyprus? Estonia?.....hehehe baik takyah.

Malay woman buried as a Buddhist

KANGAR: A Malay woman who died in Kampung Guar Musang on June 12 was buried in the village according to Buddhist rites.

This followed the Perlis Religious Affairs Department’s decision that the woman, Selimah Mat, 78, was no longer a Muslim at the time of her death although her identity card stated her religion as Islam.

Perlis Syariah High Court judge Zaini Abd Rahim confirmed yesterday that the woman did not profess the Islamic faith and could be buried according to Buddhist rites.

Rokiah said her sister admitted to having married a Buddhist.
“I asked her to return to Islam but she remained non-committal,” she said.

Rokiah also claimed to have seen Selimah entering the Buddhist temple in the village to engage in religious activities like other Buddhists in the village.Taken from Thestar

Matjem: Ish hard to say lah....dah elok dah ada Islam pegi buang bakpe????????

Petronas urges public not to join e-mail campaign

KUALA LUMPUR: Petronas has urged the public not to join an e-mail campaign to boycott its products because it will not affect fuel prices.“Any form of boycott will only hurt the station owners, the small and medium-seized enterprises that supply the stations with their products and the shareholders of Petronas Dagangan – many of whom are pensioners,” he said in an interview......Matjem:Pada aku kebykan owner petronas ni org UMNO dan org yg asalnya kaya.Majority or minority interest?

An e-mail has been circulating calling on the public to boycott Petronas stations and its products. The e-mail claimed that a similar boycott was carried out in the United States against another petroleum company and it succeeded in forcing the company to reduce its prices.....Matjem:..Wah berjaya kat U.S ok guys lets do it....hehehe at d moment I'm boycoting Shell after this petronas...well lucky most petrol station in puchong is mobil.

Taken from Thestar