Kuala Lumpur / AFP Malaysia’s first Islamic-compliant airline has been suspended for three months after it failed to adhere to aviation regulations, a senior official said on Monday, as the government announced a safety audit of the carrier. “Rayani Air has been suspended for three months,” Azharuddin Abdul Rahman, director-general of the Department of Civil Aviation, said. “They contravened civil ...

SYDNEY / Reuters An Australian-Indian consortium wants to restart gold mining in a district that helped symbolise former British rule in India and produced some 25 million ounces over 150 years before being abandoned due to low bullion prices. Mining in the Kolar gold field in Karnataka state in Southern India ended in 2001 as gold prices slumped. But a ...

Jakarta / Bloomberg Indonesia plans to cut corporate tax to 20 percent this year, from 25 percent, as it tries to attract investment to spur the economy. The move will need parliamentary approval, Finance Minister Bambang Brodjonegoro said on Monday. A 20 percent rate will be “competitive,” he said. “If possible we will discuss it immediately, this year,” Brodjonegoro said. ...