logo
AirAsia Denies Manipulating Flight Prices In The Philippines Via Its MOVE App

AirAsia Denies Manipulating Flight Prices In The Philippines Via Its MOVE App

Hype Malaysia03-06-2025

The AirAsia MOVE app was created to help simplify the travel and booking process. However, the app recently received heat from the Philippine government for allegedly inflating flight prices.
According to news reports, the Philippine Ministry of Transportation has ordered the takedown of the AirAsia MOVE website following complaints that it illegally inflated airfares for its flights. One complaint alleged that the digital platform charged 77,000 pesos (approximately RM5,880) for a one-way ticket from Manila to Tacloban City via Philippine Airlines, almost three times the price quoted when directly booking from the airline's website.
The cease-and-desist order was issued by the Philippine Civil Aeronautics Board, which sets price ceilings for airfares in the country. The aviation agency claimed that AirAsia MOVE hiked ticket prices following the increase in transportation demand to Tacloban City due to the closure of a key bridge. The authorities may also file a case for 'criminal economic sabotage' against the digital platform.
Capital A Berhad and AirAsia MOVE have since issued a statement denying the allegations that they had manipulated airfares. In the statement, the company clarified that the app 'displays flight inventory and pricing data as provided by its authorised upstream suppliers, including third-party aggregators and Global Distribution Systems (GDS)'. Capital A said the discrepancies in airfares were caused by temporary data synchronisation issues with flight pricing partners.
It also clarified that the technical discrepancy affected other booking platforms, including Agoda and Traveloka. However, the company said it took immediate steps to correct the pricing after identifying the problems in airfares. It also brought the matter up with the third-party pricing provider for immediate resolution and has taken steps to prevent any future recurrence.
There is no news on whether the cease-and-desist order has been lifted. However, Capital A said it's working closely with the relevant authorities and will remain fully compliant with all regulatory requirements set by the Philippine government. What are your thoughts on this?
Sources: Straits Times, AirAsia Newsroom
What's your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

RCEP expo in Linyi boosts trade, cooperation and development
RCEP expo in Linyi boosts trade, cooperation and development

The Sun

time2 days ago

  • The Sun

RCEP expo in Linyi boosts trade, cooperation and development

LINYI, CHINA - Media OutReach Newswire - 27 June 2025 - The 4th RCEP (Shandong) Import Expo, which kicked off on June 27 in Linyi, Shandong province. The ongoing expo features 348 participating enterprises from 66 countries and regions such as Cambodia, Malaysia, South Korea, and Japan, showcasing cutting-edge technologies and innovative solutions. With a total exhibition area of 35,000 square meters and 1,200 international standard booths, the event attracted 15,000 visitors on its opening day. Notable participants include 179 companies from the RCEP region, 51 countries involved in the Belt and Road Initiative, and various international associations, fostering efficient business connections on a global scale. The expo also introduces new segments like the smart technology zone and multinational corporations area, highlighting leading tech firms such as Tesla and Unitree Robotics, which produces humanoid robots, alongside Global Fortune 500 companies like CP Group and Amazon. This platform serves as a nexus for unveiling the latest industry trends and showcasing advanced manufacturing capabilities worldwide. 'I've been really impressed by Linyi's business environment and especially its logistics system — it's very advanced. Under the RCEP framework, I think Linyi has a lot of potential to serve as a key link between China and Southeast Asia,' said Princess Norodom Jenna, member of the Cambodian Royal Family, during the ongoing expo. 'I hope to see more collaboration between Linyi and Cambodia, especially in areas like specialty trade and e-commerce. It would be great to bring more Cambodian products here to Linyi, and at the same time, help Linyi's goods reach Cambodia through the BRI,' added Princess Jenna. 'Linyi boasts well-developed infrastructure, leaving a lasting impression with its high-quality roads and buildings. Known for its excellent logistics system, Linyi offers picturesque scenery and warm hospitality. Attending the exhibition today, I've brought our East Malaysian products including bird's nest, pepper, and palm sugar,' said Tan Kai, chairman of the Padawan Municipal Council and mayor of Padawan in Malaysia. He added that this expo showcases an incredible population diversity, with a vast number of booths creating a bustling atmosphere. In recent years, Linyi has enjoyed strong economic growth alongside RCEP member states. According to official statistics, in 2024, the city's trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city's total imports and exports.

Results of the IX Digital Asset Industry Classification System ("DAICS®") 1H 2025 Review
Results of the IX Digital Asset Industry Classification System ("DAICS®") 1H 2025 Review

Malay Mail

time2 days ago

  • Malay Mail

Results of the IX Digital Asset Industry Classification System ("DAICS®") 1H 2025 Review

DAICS ® coin coverage: top 50 coins by average market capitalization across the past 90 days coin coverage: top 50 coins by average market capitalization across the past 90 days DAICS ® market capitalization coverage: 97.53%* market capitalization coverage: 97.53%* The % coverage of market capitalization of the 50th ranked coin: 0.060%** Member changes within the Top 50 Coins in DAICS ® : eight coins added and eight coins deleted : eight coins added and eight coins deleted Additions: Hyperliquid (HYPE), Pi (PI), Bitget Token (BGB), Mantra (OM), Ondo (ONDO), Gate Token (GT), Official Trump (TRUMP), and Ethena (ENA) Deletions: Artificial Superintelligence Alliance (ASI), Stacks (STX), Dogwifhat (WIFG), Arbitrum (ARB), ImmutableX (IMXG), Injective Protocol (INJ), Optimism (OP), Fantom (FTM): Renamed to Sonic (S) Industry Weighting (%) Payment (110) 78.35% Infrastructure (120) 15.78% Financial Services (130) 4.17% Tech & Data (140) 0.24% Media & Entertainment (150) 1.46% Financial Asset Tokenization (13040) Industry Low Energy-per-transaction (≤ 0.005 Wh) Payment (110) DAIG USDeG KASG FDUSDG Infrastructure (120) NIL Financial Services (130) LEOG OKBG AAVEG Tech & Data (140) TAOG Media & Entertainment (150) PEPEG Current Rank Cryptocurrencies 20 Hyperliquid (HYPE) 23 Pi (PI) 24 Bitget Token (BGB) 34 Mantra (OM) 35 Ondo (ONDO) 41 GateToken (GT) 43 Official Trump (TRUMP) 49 Ethena (ENA) Prev. Rank Cryptocurrencies Current Rank 29 Artificial Superintelligence Alliance (ASI) 54 37 Stacks (STX) 63 39 Dogwifhat (WIFG) 93 42 Arbitrum (ARB) 53 44 ImmutableX (IMXG) 67 47 Injective Protocol (INJ) 66 48 Optimism (OP) 59 50 Fantom (FTM), Renamed to Sonic (S) 55 Category Industry Sector Cryptocurrencies Cryptocurrencies (1) Payment: Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins. Transaction & Payment BTC XRP XLM BCH LTC PI XMR CRO KASG Stablecoin USD USD DAI G USDeG FDUSDG Infrastructure: Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc Application Development Protocol & Smart Contract ETH SOL ADA TRX SUI AVAX TON HBAR HYPE APT NEAR ICP ETC GT VET Interoperability LINK DOT ATOM Scaling & Sharding MNT POL Supporting System NIL Financial services: Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending and other capital markets related services Exchange Tokens BNB LEOG BGB UNI OKBG Lending & Borrowing AAVEG Staking ENA Financial Asset Tokenization (NEW) OM ONDO Tech & Data: Provision of data management and storage, and development of innovative crypto technology Storage & Sharing FIL RENDER Data Management NIL Artificial Intelligence TAO G Media & Entertainment: Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles Social Media & Community DOGE SHIB PEPEG TRUMP Streaming NIL Gaming NIL Metaverse NIL Category Industry Sector Sector definition Cryptocurrencies (1) Payment: (110) Definition Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins. Transaction & Payment (11010) Cryptocurrencies that are used for store of value, unit of account, medium of exchange Stablecoin (11020) Cryptocurrencies where price is pegged to a / a basket of, reference asset Infrastructure: (120) Definition Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc. Application Development Protocol & Smart Contract (12010) layer-1 blockchain network that facilitates DApp creation and smart contract execution and smart contract Interoperability (12020) Network that increases inter-connectivity and integration of the fragmented cryptocurrency ecosystem Scaling & Sharding (12030) Networks that increase the ability to cope with the influx of many transactions at a time and blockchain network that can be split into smaller partitions, to improve scalability and process transactions quicker Supporting System (12040) Networks/sidechains that improve functionality of layer-1 network Financial services: (130) Definition Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending, and other capital markets related services Exchange Tokens (13010) Cryptocurrencies that represent the stable coin in the exchange ecosystem and allow users to covert from digital asset on decentralised or centralised system int fiat currencies Lending & Borrowing (13020) Borrowing and lending crypto assets with interest in return and other secondary financial tools derived from primary underlying asset, such as crypto futures and options Staking (13030) Holding and "staking" of certain amount of cryptocurrency in a wallet to facilitate network operations Financial Asset Tokenization (13040) (new) Cryptocurrencies/protocols that focus on the tokenized issuance and management of financial assets Tech & Data: (140) Definition Provision of data management and storage, and development of innovative crypto technology Storage & Sharing (14010) Crypto protocols that provide decentralized storage and/or sharing of data filing and resources. Data Management (14020) Networks/Protocols that facilitate the indexing and querying of data from blockchain(s), enabling efficient data retrieval and management for decentralized applications Artificial Intelligence (14030) Cryptos/Protocols that facilitate the use of AI powered apps or projects directly using blockchain platform. Media & Entertainment: (150) Definition Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles Social Media & Community (15010) Cryptos that provides mast social community and followers without a close secondary industry sector Streaming (15020) Cryptos that provides rights to access decentralised video-streaming sites Gaming (15030) Cryptos which mainly used in gaming or gaming supporting industry Metaverse (15040) Cryptos that is commonly used in collective virtual open space, created by the convergence of virtually enhanced physical and digital reality. This includes the use of VR and/or AR and/or 3D. Category Asset Type Branch Sub -branch Asset-Backed Tokens (2) Culture: (205) Definition Real asset relating to sports, art, cultural drama, festive collectibles and design IPs etc. Art (20510) This shall be further developed in the future with more digital assets available in the market Sports (20520) Festive Collectibles (20530) Design IPs (20540) Drama and Play IPs (20550) Real Estate:(215) Definition Assets that mainly derived its valuation from property, real estate, and land Commercial Property (21510) Residential Property (21520) Governmental Property (21530) Residential and Commercial Land (21540) Financials: (235) Definition Real financial asset including listed company shareholdings on regulated centralised exchanges and private company shareholdings; debt instruments; property trusts and derivatives that settled on regulated exchange (CeFi and DeFi). Tokenised Securities (Company Securities, ETF) (23510) Tokenised Debts (23520) Tokenised REITs (23530) Entertainment: (255) Definition Ownership of the IPs assets in the area of entertainment in real world such as concert, play, shows, circus, musicals, songs, movies, games, events and programs, and souvenir collectibles that is derived from the above areas. Movies (25510) This shall be further developed in the future with more digital assets available in the market Songs (25520) Concerts (25530) Gaming (25540) All Other Entertainment Events and Collectibles (25550) Natural Resources: (265) Definition Natural resources asset that derived directly from sea, sky, atmosphere and underground and can be classified as a commodity with standardisation such as precious metals, agricultural, energy and metals. Precious Metals (26510) Agricultural (26520) Energy (26530) Metals (26540) Green Economy (275) Definition Ownership of Projects Asset that falls under the definition of the UN 17SDG²s, with over 80% of the income or jobs provided on these 17 initiatives. No Poverty & Zero Hunger (27510) Following definition of the United Nations 17 sustainable development goals² Good Health and Well-Being (27520) Quality Education (27530) Gender Equality (27540) Clean Water and Sanitation/Affordable and Clean Energy (27550) Decent Work and Economic Growth/ Industry, Innovation, and Infrastructure/ Partnerships for the Goals (27560) Reduced inequalities/ Peace, Justice and Strong Institutions (27570) Sustainable Cities and Communities/Responsible Consumption and Production (27580) Climate Action (27590) Life Below Water & Life on Land (27500) HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Today, IX Asia Indexes announced the 1Half 2025 Review of the IX Digital Asset Industry Classification System ("DAICS"), aiming to provide professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICSclassifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed Tokens in a 3-tier system for each category. For Cryptocurrencies: Tier 1-Industry/ Tier 2-Sector/ Tier 3-Sub-sector; for Asset Backed Tokens: Tier 1-Asset Type/ Tier 2-Branch/ Tier 3-Sub-branch. The results are as follows:The rankings of additions and deletions for the DAICStop 50 cryptocurrencies are listed in Appendix 1. All classification changes, including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index, will take effect on 18th July 2025, with market capitalization, rankings, and weightings available at *Special currency treatment of DAICSapplies, where any wrapped or second-level cryptocurrency is not considered in the calculation for the market capitalization of DAICS**Based on 6June 2025The industry groups remain unchanged, with 5 industries and the respective weightings as follows:The number of sectors has increased from 16 to 17. There is one new sector added under the industry group "Financial Services (130)":Definition: Cryptocurrencies/protocols that facilitate the tokenized issuance and management of financial assets, including but not limited to real-world assets (treasuries, bonds, real estate). Emphasis is on compliance, institutional integration, fractional ownership, and financial product innovation. The crypto itself is not backed by a corresponding real-world review doesn't have any reclassification of the existing coins. The DAICS® 1H 2025 cryptocurrencies classification is available in Appendix review identifies 9 Green Coins, classified based on their energy-per-unit-transaction, which is defined as the amount of energy consumed for a successful single unit transaction of the coin in the blockchain network. These coins rank in the top 20 percentile of the least energy-consuming cryptocurrencies out of the 50 DAICSconstituents. The top 20 percentile's threshold is ≤ 0.005 Wh. The table below lists these low-energy '' labelling for cryptocurrencies that adhere to the principles of sustainabilityThe asset types remain unchanged as follows:1) Culture (205),2) Real Estate (215),3) Financials (235),4) Entertainment (255),5) Natural Resources (265), and6) Green Economy (275)The branches remain unchanged at 31.2.2. Classification ChangesThis review doesn't have any reclassification of the existing Asia Indexes has not started classifying ABTs. As of June 6, 2025, ABTs comprised only 0.67% of the total market capitalization of digital assets, a rise from 0.11% in the 2024 2H review.A classification summary and definition table of both cryptocurrencies and Asset Backed Tokensare available in Appendices 3 and 4. For further information regarding the methodology of the DAICS, please refer to the "IX Digital Asset Industry Classification System"- principle and guiding methodology on the company website For more details on DAICS® qualification criteria, please email daics@ix as '' for cryptocurrencies that adhere to the principles of sustainabilityfor newly added sectorNote:for newly added sector² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals The issuer is solely responsible for the content of this announcement. About DAICS® DAICS® covers both cryptocurrencies and asset-backed tokens ("ABT"), to be reviewed semi-annually at the end of June and December. On the cryptocurrency side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data, and 5) Media & Entertainment. These industries are further divided into 16 sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into 31 branches and sub-branches to be introduced in the future. About the IX Asia Tokenization Advisory Committee and Working Group The establishment of the IX Asia Tokenization Advisory Committee ("Advisory Committee") is to pursue the goal and vision of formulating a standard for a global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guidelines and references for tokenization in terms of infrastructure, business, financial stability, sustainability, internal control, and classification. The Advisory Committee is comprised of industry-recognised leaders from blockchain consultancy, sustainable projects, and the field of the Art industry. The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects. For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit

Envoy: Malaysia, Vietnam Partnering To Tap Global Halal Economy
Envoy: Malaysia, Vietnam Partnering To Tap Global Halal Economy

Barnama

time3 days ago

  • Barnama

Envoy: Malaysia, Vietnam Partnering To Tap Global Halal Economy

Vietnam is ramping up awareness of halal products by hosting a series of seminars this year. Vietnam's HALCERT Director Ramlan Osman says the country has enormous potential to develop its halal exports. Malaysian Ambassador to Vietnam Datuk Tan Yang Thai delivering his speech at the halal seminar in Hanoi on Wednesday. By Vijian Paramasivam PHNOM PENH, June 26 (Bernama) -- Malaysia and Vietnam are poised to forge a smart partnership and leverage their existing economic complementarities to tap into the booming global halal footprint. Malaysian Ambassador to Vietnam Datuk Tan Yang Thai said that entering the halal market requires a deep understanding of its standards and the needs of its consumers, which could be addressed by both nations forming a practical strategy for future long-term growth. bootstrap slideshow Vietnam is racing to capture a slice of the billion-dollar international halal market with its robust agricultural sector exports. 'To accelerate Vietnam's entry, Malaysia proposes a practical and effective strategy. This strategy invites Vietnamese enterprises to leverage Malaysia's established halal infrastructure, including our certification facilities and readily available halal-certified ingredients. 'This approach streamlines the process, allowing Vietnamese businesses to meet international standards more easily and get their products to market faster,' Tan told participants at the Accessing the Global Halal Market - Opportunities for Vietnamese Enterprises seminar in Hanoi on Wednesday. Vietnam's agricultural sector generated RM263 billion (US$62.4 billion) in export turnover last year while recording a trade surplus of RM81 billion (US$18.6 billion). The Vietnam Halal Centre estimates the country can produce RM144 billion (US$34 billion) worth of goods for the Organisation of Islamic Cooperation (OIC) countries. 'Vietnam is an agricultural surplus nation.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store