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Showing posts from January, 2015

AIRASIA CEO DUMPED SHARES DAYS BEFORE FLIGHT DISAPPEARED

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AIRASIA CEO DUMPED SHARES DAYS BEFORE FLIGHT DISAPPEARED



Move prompts speculation Tony Fernandes had prior knowledge

AirAsia CEO Tony Fernandes dumped 944,800 shares in Tune Insurance Holdings Bhd, the organization that provides travel insurance for AirAsia passengers, just days before the disappearance of Flight QZ8501.

On December 26, it was reported that Fernandes, the founder of Tune Group Sdn Bhd which owns AirAsia, had sold a total of 944,800 shares in Tune Insurance Holdings Bhd, with 850,000 shares being dumped on December 22, and the other 94,800 being sold the day after.

According to its official website, Tune Insurance Holdings Bhd is “an insurance product manager” for AirAsia in which “insurance products are sold to (AirAsia) customers as part of their online booking process.”

The share prices of AirAsia and Tune Insurance Holdings both fell on the first day of trading after the disappearance of Flight QZ8501, with the former shedding 12.9 percent at one point. Tune Insuran…

Mahinda Rajapaksa Should Gracefully Withdraw?

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A good article by Dr. Laksiri Fernando.


Mahinda Rajapaksa should withdraw, gracefully I must say, from the presidential race, not merely because he is losing, but because he has lost all credibility for contesting for a Third Term.

This election is an unwarranted one, an utter waste of money, energy and patience of the people. What was intended in the Constitution (1987) was for the incumbent to go for the full 6 years of the second-term, before he or she gracefully retires. But for some reason, Mahinda became so greedy and wanted a Third-Term and no term limit at all.

Who can say he is indispensable for the country?

Even the previous provisions in the Constitution were extravagant. Sri Lanka is the only country which has 6 years for one term. The norm is 4 years. In addition, JRJ opted to call for premature election after 4 years for the second term. He made provisions for it under the 3rd Amendment. MR already utilized that provision in 2005.

Then MR wanted a premature election for…