Malaysian Airline System Bhd (MAS) is taking legal advice to challenge the claim by Air Maldives Ltd, which alleged MAS failed to perform its duties under a management agreement sealed by both parties.
In its filing to Bursa Malaysia, the national carrier said however, it was not possible for the claim to have any effect on its financial position.
"This is because the notice of arbitration forwarded by the secretariat of the International Chamber of Commerce Court of Arbitration does not specify the amounts claimed by Air Maldives from MAS.
"It also does not provide sufficient information to enable the national carrier to meaningfully assess the quantum of the airline's claim," it said.
On May 15, MAS received a letter from the secretariat on an arbitration proceeding initiated by Air Maldives.
Air Maldives has alleged MAS failed to perform its duties under a management agreement dated Jan 16, 1996.-Bernama
Thursday, May 17, 2007
MAS faces arbitration on claims by Maldives Air
Malaysian Airline System Bhd (MAS) is facing arbitration at the ICC International Court of Arbitration, Paris, after Air Maldives Ltd alleged that MAS had failed to perform its duties under a management agreement signed on Jan 16, 1996.
In a statement on May 16, MAS said it had received a letter from the secretariat of the Court of Arbitration giving notice of the arbitration proceeding initiated by Air Maldives.
It said the notice referred to the memorandum of understanding dated July 29, 1994, between the government of Maldives and Malaysian Helicopter Services Bhd (MHSB), now known as Nalur Corp Bhd.
The notice also referred to the shareholders agreement dated Oct 1, 1994, between the government of Maldives and MHSB, and the management agreement between MAS and Maldives Air.
"MAS is taking legal advice to challenge the claim," the national carrier said in a statement to Bursa Malaysia. MAS said the notice did not specify the amounts claimed by Maldives Air.
In a statement on May 16, MAS said it had received a letter from the secretariat of the Court of Arbitration giving notice of the arbitration proceeding initiated by Air Maldives.
It said the notice referred to the memorandum of understanding dated July 29, 1994, between the government of Maldives and Malaysian Helicopter Services Bhd (MHSB), now known as Nalur Corp Bhd.
The notice also referred to the shareholders agreement dated Oct 1, 1994, between the government of Maldives and MHSB, and the management agreement between MAS and Maldives Air.
"MAS is taking legal advice to challenge the claim," the national carrier said in a statement to Bursa Malaysia. MAS said the notice did not specify the amounts claimed by Maldives Air.
Maldives Dictator fails to defend the country yet again and relies on Indian military
Maldives Dictator has once again begged for military assistance from India in trying to seize a strayed vessel that entered Maldives territory yesterday. The Maldives' coast guard could not bring the situation under control and air cover was given by the Indian military. "This is quite pathetic, a small vessel with a handful of people has posed such a threat to the country. The coast guard is obviously not bold enough to deal with a situation on their own and had to rely on India, once again," said a military analyst. "It also shows further that when ever the Maldives' Dictator finds himself in trouble of this sort, common nouns are repeated: Guns, Tamil and Indian Military," he added further.
What is obvious from all this is that the Maldives Dictator has no military power to defend the country, and the little power he has is used to attack his own people and control those who oppose his rule. Remember how this same coast guard vessel attacking a small fishing Dhoni in November last year whilst it was ferrying a group of Addu reformists to Male'.
So, this is a good time to ask ourselves the real question. Shouldn't we be worried as an independent nation, about the total reliance on the military might of India to defend ourselves, and to protect our territory?
It will come as no surprise to us if in the end this whole incident will somehow be linked to democratic reform movement. You can never underestimate the cunningness of a desperate and ailing dictator.
Foakaidhoo Island Office Scammed
By Will Jordan in Male'
A man calling himself "Shiyam" and claiming to be a cashier for the United Nations has conned the Foakaidhoo Island Office into buying him phone cards and other goods with a value of Rf 10 100 (about USD 792) Assistant Secretary, Mohamed Abdul Rahman, claims.
Rahman, who works in the Island Office in Shaviyani atoll, has been told he will have to cover the losses because he bought the cards on behalf of the office.
He was delegated to do the job by Island Chief Ali Nizar, who is now refusing to accept responsibility for the scam, Rahman says.
"UN Cashier"
The man called the office while employees were dealing with the emergency of the tidal wave which hit many Maldivian Islands on Tuesday. He said he was a cashier with the UN and needed phone cards, food, drink and batteries.
Assistant Secretary Rahman was put in charge of the request as the Island Chief, Ali Nizar, was occupied dealing with the effects of the tidal wave. Rahman says he went to a local shop and bought 53 phone cards worth Rf 100 and 48 worth Rf 50 as well as other goods.
He then called "Shiyam" and read to him the numbers of all the phone cards.
Conned
Rahman arranged for "Shiyam" to collect the other goods from the island jetty, but when he failed to turn up, Island Office staff realised they had been conned. A spokesman from the UNDP has confirmed they do not have a cashier by the name of Shiyam working for them.
The island office has informed the police.
A man calling himself "Shiyam" and claiming to be a cashier for the United Nations has conned the Foakaidhoo Island Office into buying him phone cards and other goods with a value of Rf 10 100 (about USD 792) Assistant Secretary, Mohamed Abdul Rahman, claims.
Rahman, who works in the Island Office in Shaviyani atoll, has been told he will have to cover the losses because he bought the cards on behalf of the office.
He was delegated to do the job by Island Chief Ali Nizar, who is now refusing to accept responsibility for the scam, Rahman says.
"UN Cashier"
The man called the office while employees were dealing with the emergency of the tidal wave which hit many Maldivian Islands on Tuesday. He said he was a cashier with the UN and needed phone cards, food, drink and batteries.
Assistant Secretary Rahman was put in charge of the request as the Island Chief, Ali Nizar, was occupied dealing with the effects of the tidal wave. Rahman says he went to a local shop and bought 53 phone cards worth Rf 100 and 48 worth Rf 50 as well as other goods.
He then called "Shiyam" and read to him the numbers of all the phone cards.
Conned
Rahman arranged for "Shiyam" to collect the other goods from the island jetty, but when he failed to turn up, Island Office staff realised they had been conned. A spokesman from the UNDP has confirmed they do not have a cashier by the name of Shiyam working for them.
The island office has informed the police.
Maldives says sinks suspected Tamil Tiger vessel
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By Simon Gardner and Ranga SirilalReutersThursday, May 17, 2007; 3:56 AM
COLOMBO (Reuters) - The Maldives coast guard opened fire on and sank a vessel carrying suspected Tamil Tiger rebels on Thursday after a 12-hour standoff at sea in the island nation's southern territorial waters, the government said.
However, one man who threw himself overboard before the clash and surrendered spoke the south Indian language Malayalam and not Tamil, and officials were treating the alleged rebel link with caution.
However, one man who threw himself overboard before the clash and surrendered spoke the south Indian language Malayalam and not Tamil, and officials were treating the alleged rebel link with caution.
"We have sunk the vessel. We have captured the five people aboard," Foreign Minister Ahmed Shaheed told Reuters by telephone from the Maldivian capital of Male.
According to a government spokesman, one of the captured men said four people he believed to be Tamil Tigers had boarded his 80-ft fishing trawler at sea and loaded it with guns and mortar bombs.
According to a government spokesman, one of the captured men said four people he believed to be Tamil Tigers had boarded his 80-ft fishing trawler at sea and loaded it with guns and mortar bombs.
He said confusion arose over an initial coast guard report saying the man had identified himself as a Tamil Tiger.
"We are now treating this with caution, because the man was speaking Malayalam and not Tamil," said chief government spokesman Mohamed Shareef.
The Tigers denied any involvement.
"We are not operating in that area," Tiger military spokesman Rasiah Ilanthiraiyan said from the rebels' de facto state in Sri Lanka's far north. "These guys are not our people."
"We are now treating this with caution, because the man was speaking Malayalam and not Tamil," said chief government spokesman Mohamed Shareef.
The Tigers denied any involvement.
"We are not operating in that area," Tiger military spokesman Rasiah Ilanthiraiyan said from the rebels' de facto state in Sri Lanka's far north. "These guys are not our people."
Neighboring Sri Lanka's navy has sunk several boats and trawlers in recent months suspected of trafficking weaponry for the Tigers across the Palk Strait that separates Sri Lanka and India amid a new chapter in a two-decade civil war.
The incident took place several hundred nautical miles off the south of the Maldives archipelago, which in turn sits 500 miles off the toe of India and is famed for palm-fringed desert islands and luxury holiday resorts that attract Hollywood stars such as Tom Cruise.
"If they were poachers, why would they have guns and fire at us?" Shareef said. He said the identities of the captured men were not yet clear.
"The southern atolls of the Maldives are a fair distance from Sri Lanka, so if they were gun-running, they were very bad navigators."
"If they were poachers, why would they have guns and fire at us?" Shareef said. He said the identities of the captured men were not yet clear.
"The southern atolls of the Maldives are a fair distance from Sri Lanka, so if they were gun-running, they were very bad navigators."
Maldivians are mindful of an abortive coup attempt in 1988 by dissidents backed by Tamil paramilitaries from Sri Lanka, which ended in the Indian Navy chasing and sinking a vessel on which the plotters had tried to escape with hostages.
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