KOTA KINABALU, June 15 — Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali has again urged goods and public land transport companies in Sabah, Sarawak and Labuan to register immediately under the Subsidised Diesel Control System (SKDS) to enjoy the diesel subsidy benefits.
He said registration would enable eligible companies to receive fleet cards and enjoy subsidised diesel rates of RM2.15 per litre for goods transportation and RM1.88 per litre for public land transport operators.
Armizan said applications for the SKDS for the goods transport sector were extended to Sabah, Sarawak and Labuan on May 4.
“The mandatory use of SKDS fleet cards to obtain diesel subsidies for the goods and public land transport sectors will be enforced on a date to be announced later. Therefore, companies in both sectors are urged to register under SKDS as soon as possible.
“This is important to ensure that vehicles listed under the 33 eligible vehicle categories continue to receive subsidised diesel,” he told reporters after presenting the Petronas Fleet Card SmartPay to several companies that had obtained SKDS approval here today.
According to Armizan, a total of 8,060 companies across Sabah, Sarawak and Labuan had registered under SKDS, involving 29,631 vehicles, as of June 14.
He stressed that transport operators should take advantage of the registration process to avoid having to purchase diesel at market prices.
On a related matter, the minister said SKDS was introduced to address diesel subsidy leakages through a digital monitoring and enforcement mechanism.
“The fleet card system under SKDS is designed to ensure that diesel subsidies fully benefit the targeted recipients.
“It is also part of efforts to curb subsidy leakages through smuggling, abuse and misuse of subsidised diesel by foreign nationals and undocumented migrants,” he said.
Details on eligible vehicle categories and SKDS registration can be found on the MySubsidi portal at https://mysubsidi.kpdn.gov.my. — Bernama
SINGAPORE, June 10 — The Singapore High Court has issued an order to seize Capital A Bhd’s stakes in BigPay and Teleport, in a move to enforce a partial arbitration award, according to The Edge.
According to the report, Sheriff of the Supreme Court of Singapore issued a notice of seizure involving Capital A’s wholly-owned subsidiary Move Digital Sdn Bhd’s 99.56 per cent stake in BigPay Pte Ltd and an 11.45 per cent stake in Teleport Everywhere Pte Ltd.
The enforcement action is to compel Move Digital to comply with a partial arbitration award requiring it to buy out BigPay co-founders Christopher Davison and Navin Rajagopalan’s minority interests in BigPay for US$14.736 million (RM59.85 million), the report said.
The seizure notice covers 204,809,509 shares in BigPay and 481,730 shares in Teleport, according to the Singapore court filing cited by The Edge.
The action also relates to the recovery of unpaid interest tied to cost orders arising from enforcement proceedings in Singapore.
The dispute traces back to 2021 when the two minority shareholders initiated arbitration under the Singapore International Arbitration Centre rules against AirAsia Digital (now Move Digital), AirAsia Bhd and BigPay over alleged breaches of shareholder agreements following the termination of a 2017 investment pact.
The founders had previously sought a buyout of between US$140 million and US$183 million, but a December 2024 arbitration tribunal ordered a significantly lower valuation of US$14.736 million, the report said.
Capital A said Move Digital plans to file a written objection to the enforcement action, adding that it believes it has valid grounds to challenge the seizure.
Teleport remains Capital A’s largest revenue contributor, accounting for about 40 per cent of group revenue in the first quarter ended March 31, 2026, while BigPay continues to be part of its digital financial services portfolio, the report said.
Capital A shares rose one sen, or 2.5 per cent, to 41.5 sen yesterday, giving the group a market capitalisation of RM1.86 billion, according to Bursa Malaysia data cited in the report.
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