- A + A KOTA KINABALU (May 20): A man professing to be a "Datuk" was arrested by the Malaysian Anti-Corruption Commission (MACC) Sabah on Friday for investigations into a case related to 'protecting' the falsification of crude palm oil sales tax declarations every month to the Sabah Ministry of Finance. Sabah MACC director Datuk S. Karunanithy said the arrest of the ‘Datuk’ followed the arrest of a senior government official and a retiree on May 18 for investigation in the same case under Section 17 (a) of the MACC Act 2009. “The 66-year-old suspect, who is a former civil servant, was arrested at the Sabah MACC office at about 4pm when he turned up to give his statement. “A remand application against the suspect is expected to be made at the Kota Kinabalu Magistrate's Court on Saturday,” he said in a statement here. At the same time, he reminded oil palm mill operators throughout Sabah to come forward to assist the investigation as the submission of a false … [Read more...] about ‘Datuk’ arrested in connection with falsified palm oil sales tax declarations
Paying nc state taxes
Spirit Airlines Pilots Want To Know: Is The Airline Eyeing Flat Pay For Five Years?
Share to Twitter Share to Linkedin Pilots at Spirit Airlines SAVE haven’t taken a position on the carrier’s merger future, but they don’t like what they have seen about the carrier’s plan for their futures. In a letter sent to members on Wednesday, Ryan Muller, chairman of the Spirit chapter of the Air Line Pilots Association, said he is concerned that Spirit has no intent to raise pilot wages over the next five years. Spirit has about 3,000 pilots. Muller said he read a JetBlue Securities & Exchange Commission filing, which described an April 19th conference call in which Spirit management described a five-year plan that “did not contemplate any wage increase for team members, including pilots, at a time of high attrition and an anticipated shortage of pilots.” The call included “members of JetBlue leadership and Spirit’s senior management team, along with representatives from Goldman Sachs, Morgan Stanley MS and Barclays,” Muller said. … [Read more...] about Spirit Airlines Pilots Want To Know: Is The Airline Eyeing Flat Pay For Five Years?
RBI Governor meets bank chiefs to discuss credit growth, asset quality
RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) Governor Shaktikanta Das on May 17 and May 18 met heads of state-run and private banks to take a stock of credit growth and asset quality in the banking system in the wake of recent geopolitical developments, the central bank said. “In his introductory remarks, the Governor noted the key role played by the banks in supporting the economy throughout the pandemic,” the central bank said in a release on Wednesday. Das further stated that the banking sector has remained resilient and has continued to improve despite facing various headwinds. He also advised banks to remain watchful of the recent geopolitical developments and take mitigating measures proactively including raising capital for ensuring that the potential impact on their balance sheets is minimised. Governor Das also urged banks to pay specific attention to further improving their grievance redress systems and continue to provide the necessary support … [Read more...] about RBI Governor meets bank chiefs to discuss credit growth, asset quality
Payment disruption fears linger as deadline nears for merchants to delete customer card data
Customers will have to enter the details afresh for each transaction from July 1 Starting July 1, payment aggregators and gateways and merchants onboarded by them will not be allowed to store credit and debit card data of customers on their platforms, as directed by the Reserve Bank of India. With a little over a month left, merchants are worried that an alternative system may not be ready in time. Payment aggregators, payment gateways and merchants can store card credentials of customers in their databases only until June 30, a deadline that has already been extended twice, most recently by six months on December 23. In the absence of an alternative mechanism, customers using their credit or debit cards from July 1 will have to enter the details afresh for each transaction, including the 16-digit card number, expiry date and card verification value (CVV). Payment companies and card networks Visa, Mastercard and RuPay are working to implement the alternative – Card on File … [Read more...] about Payment disruption fears linger as deadline nears for merchants to delete customer card data
Russia to halt gas flows to Finland on Saturday
Synopsis Gasum has refused to pay Gazprom Export in roubles as Russia has requested European countries to do. "It is highly regrettable that natural gas supplies under our supply contract will now be halted," Gasum CEO Mika Wiljanen said in a statement. Russia's Gazprom has informed Finland that it will halt flows of natural gas from Saturday morning, Finnish state-owned gas wholesaler Gasum said on Friday. Gasum has refused to pay Gazprom Export in roubles as Russia has requested European countries to do. "It is highly regrettable that natural gas supplies under our supply contract will now be halted," Gasum CEO Mika Wiljanen said in a statement. "However, we have been carefully preparing for this situation and provided that there will be no disruptions in the gas transmission network, we will be able to supply all our customers with gas in the coming months," he said. The cut-off is scheduled to take place at 0400 GMT on May 21. Gasum said it will … [Read more...] about Russia to halt gas flows to Finland on Saturday
Apple stops card payments in India ahead of RBI deadline to delete customer card data
Representative image In what could be a major blow to Apple's subscriptions, the company has stopped accepting debit and credit cards for payments on its platforms in India as the June 30 deadline set by the Reserve Bank of India (RBI) for all merchants to stop saving card data of customers draws closer. Customers can now only use NetBanking, Unified Payments Interface (UPI) and their Apple ID balance to make payments, Apple said in an email to customers which was viewed by Moneycontrol. "In light of upcoming Reserve Bank of India regulations, starting June 1, credit and debit cards can no longer be used for purchases or subscriptions on the App Store or other Apple services. Apple will no longer store card information on file — protecting your payment method is our top priority," the mail read. The mail further added that customers' subscriptions will continue only of they have sufficient balance in their Apple wallets. "Your subscriptions will continue as long as you … [Read more...] about Apple stops card payments in India ahead of RBI deadline to delete customer card data
Senate Passes $40 Billion Ukraine Aid Package After Weeklong Delay
Share to Twitter Share to Linkedin Topline The Senate overwhelmingly approved $40 billion in military and humanitarian aid to Ukraine on Thursday, sending the measure to President Joe Biden’s desk a week after opposition from Sen. Rand Paul (R-Ky.) halted swift passage of the bill. Key Facts The bill passed 86-11 Thursday afternoon, nine days after the House passed the package in a similarly bipartisan 368-57 vote, and Biden is expected to sign the bill. The package authorizes billions of dollars in funding for Ukraine’s armed forces, gives Biden the power to send up to $11 billion worth of U.S. equipment to Ukraine, includes economic aid for Ukraine and offers extra funding so the U.S. military can replenish its equipment and pay for an increased presence in eastern Europe. Lawmakers initially tried to pass the bill quickly last week using the Senate’s unanimous consent rules, which require none of the body’s 100 senators to lodge … [Read more...] about Senate Passes $40 Billion Ukraine Aid Package After Weeklong Delay
Employees have the upper hand in today’s job market. Here’s how to negotiate your salary
(CNN) When it comes to salary negotiations , job candidates have a lot of leverage these days. "There are a number of economic factors that are relevant for thinking about salary negotiations right now," said Linda Babcock, an economics professor at Carnegie Mellon University. Along with rising inflation, the nationwide labor shortage -- there are now almost two jobs available for every job seeker -- has given workers "a lot more bargaining power than they have traditionally had in softer labor markets," she said. With that in mind, here's how experts suggest you handle salary negotiations in today's market: Nice to meet you, how much do you want to make? Recruiters are getting to the salary question much earlier these days. Read More The job hunt can be exhausting. Here's how to cope "What has really accelerated in the past few months is companies asking candidates very early in the process what their salary … [Read more...] about Employees have the upper hand in today’s job market. Here’s how to negotiate your salary