Latest news with #273
Time Out Abu Dhabi
a day ago
- Time Out Abu Dhabi
Etihad Airways is doing discounts on flights for India Independence Day 2025
If you've been looking for a sign to book that big trip, this might be it. Etihad Airways is marking India's Independence Day with a wallet-friendly flash sale – and we're talking up to 30 percent off flights to some of the most exciting cities in the US and Europe. Where can you go? For starters, Chicago from Dhs3,273, Washington DC from Dhs3,149 and Toronto from Dhs3,599 in Economy. If you prefer a European getaway, you could be strolling Barcelona's Gothic Quarter from Dhs2,036, sipping Irish drinks in Dublin from Dhs2,149, or wandering Prague's cobbled streets without completely emptying your savings. Other cities on sale include Brussels, Paris, Madrid, Rome, Munich, Frankfurt, Warsaw, Boston, New York, Sochi and Atlanta – so if you've got a dream destination list, there's a good chance it's on there. The only catch is that you have got to move quickly. Book by Thursday August 15 for travel between September 2025 and March 2026. And yes, that means winter getaways, autumn escapes and maybe even a cheeky early spring break are all on the table. Need some travel inspo? Travelling from Abu Dhabi is about to be so much faster Zayed International Airport is the world's first airport to make this change 18 countries offering visa-on-arrival to UAE residents Here's where to go UAE citizens now get visa-on-arrival for India: a game-changer for travellers That quick trip to India just got even easier
Time Out Dubai
a day ago
- Time Out Dubai
Etihad Airways is doing discounts on flights for India Independence Day 2025
If you've been looking for a sign to book that big trip, this might be it. Etihad Airways is marking India's Independence Day with a wallet-friendly flash sale – and we're talking up to 30 percent off flights to some of the most exciting cities in the US and Europe. The airline operates out of Zayed International Airport in Abu Dhabi but Dubai-based travellers can get a free shuttle bus at Al Wasl Centre behind the Safestway Supermarket when flying with Etihad. Where can you go? For starters, Chicago from Dhs3,273, Washington DC from Dhs3,149 and Toronto from Dhs3,599 in Economy. If you prefer a European getaway, you could be strolling Barcelona's Gothic Quarter from Dhs2,036, sipping Irish drinks in Dublin from Dhs2,149, or wandering Prague's cobbled streets without completely emptying your savings. Other cities on sale include Brussels, Paris, Madrid, Rome, Munich, Frankfurt, Warsaw, Boston, New York, Sochi and Atlanta – so if you've got a dream destination list, there's a good chance it's on there. The only catch is that you have got to move quickly. Book by Thursday August 15 for travel between September 2025 and March 2026. And yes, that means winter getaways, autumn escapes and maybe even a cheeky early spring break are all on the table. You might also like UAE public holidays: Every long weekend to look forward to in 2025 The dates to know 22 pictures that show how much Dubai has changed from the 1950s to today Take a look at these unrecognisable photos of the city 112 best things to do in Dubai in 2025 Everything to tick off your Dubai bucket list
New Straits Times
25-07-2025
- Business
- New Straits Times
Palm tracks Dalian palm olein and Chicago soyoil lower
KUALA LUMPUR: Malaysian palm oil futures opened lower on Friday, erasing all the gains made so far this week, as weakness in Dalian palm olein and Chicago soyoil outweighed support from stronger crude oil prices. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid RM65, or 1.5 per cent, to RM4,265 (US$1,011.14) a metric tonne in early trade. The contract has declined 0.09 per cent so far this week after three straight weeks of gains. Dalian's most-active soyoil contract rose zero point four nine per cent, while its palm oil contract shed zero point six nine per cent. Soyoil prices on the Chicago Board of Trade were down zero point three five per cent. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices rose, buoyed by optimism over a potential trade deal between the US and the European Union and reports of Russian plans to restrict gasoline exports to most countries. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, weakened zero point one four per cent against the US dollar, making the commodity slightly cheaper for buyers holding foreign currencies. Indonesia's palm oil exports are likely to fall to 28 million metric tonnes in 2025 from 29.5 million tonnes shipped a year earlier, the Indonesian Palm Oil Association said. Malaysia's crude palm oil production is likely to rise to 19.5 million tonnes in 2025 from last year's 19.3 million tonnes, as labour supply has improved, the Malaysian Palm Oil Board said. Palm oil may test support at RM4,273 per tonne, a break below which could open the way towards RM4,211, Reuters technical analyst Wang Tao said.
Yahoo
20-05-2025
- Business
- Yahoo
Penang posts RM65m Q1 surplus for 2025 amid new revenue push
GEORGE TOWN, May 19 — The Penang state government recorded a surplus of RM65.3 million for the first quarter ending March 31, 2025, attributed to new revenue streams and expenditure cuts, the state legislative assembly was told today. Penang Chief Minister Chow Kon Yeow announced that the state registered revenue totalling RM268,463,025.36 against an expenditure of RM203,189,122.16 as at March 31. 'This resulted in a surplus of RM65,273,903.20 for the state's finances as at March 31, 2025,' he said in reply to a question from Goh Choon Aik (PKR-Bukit Tambun). Chow attributed this positive outcome to several initiatives undertaken by the state finance department to identify new revenue streams for 2025. He detailed that as at March 31, 2025, the state's Consolidated Fund stood at RM1.535 billion, comprising a Consolidated Revenue Account of RM199.22 million and a Consolidated Trust Account of RM1.33578 billion. Providing context from the previous year, Chow said the state's unaudited financial statement for the year ending 2024 showed the Consolidated Fund at RM1.38474 billion, compared to RM1.46604 billion in 2023. This comprised a Consolidated Revenue Account of RM155.94 million and a Consolidated Trust Account of RM1.22880 billion. For 2024, the Consolidated Revenue Account decreased by RM174.09 million compared to 2023, while the Consolidated Trust Account increased by RM92.79 million, Chow noted. 'The state government concluded the 2024 financial year with a deficit totalling RM174.09 million, which is lower compared to the 2023 deficit of RM358.8 million,' he stated. Chow explained that while revenue collected in 2024 reached RM810.46 million, the deficit arose from operating expenditure of RM719.55 million and transfers to the Development Fund totalling RM265 million. 'The state received an advance of RM100 million from the federal government to cover cash flow, which, among other things, contributed to the increase in the Consolidated Trust Account,' he added. Responding to an additional question on strategies to increase revenue, Chow outlined nine approaches. These include selling more state land, collecting an estimated RM6 million in quit rent arrears, and reviewing land title conversion processes. Chow added that the state is also considering a review of liquor licence fees, entertainment duty, and hotel room fees. 'We are also looking at reducing our expenditure, but it keeps increasing each year due to salary realignments, which impacts emoluments,' he said, also noting that expenditure for the i-Sejahtera social welfare aid programme has risen as more people qualify. Chow clarified that billions in foreign investments do not directly translate into state revenue, except through land sales. 'The benefits from investments manifest as job opportunities and a trickle-down effect for local suppliers,' he explained, adding that investors and suppliers pay taxes directly to the federal government. 'These are our limitations; we do not have natural resources to generate more state revenue,' he said. Regarding the RM100 million advance from the federal government, Chow said the state applied for it as a standby fund in case of a deficit. 'The projected deficit of more than RM500 million (for 2024) did not materialise, as we managed to increase our revenue and lower the deficit to about RM100 million,' he said, referencing the RM1.047 billion budget for 2024 tabled in November 2023. He confirmed the RM100 million fund remains available, but must eventually be returned to the federal government.
TimesLIVE
21-04-2025
- Automotive
- TimesLIVE
Tesla delays US launch of affordable Model Y variant
Tesla's long-awaited plans for an affordable car include a US-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters. Tesla has promised affordable vehicles beginning in the first half of the year, providing a potential boost to flagging sales. Global production of the lower-cost Model Y, internally code-named E41, is expected to begin in the US, the sources said. That would occur at least a few months later than outlined in Tesla's public plan, they added, offering a range of revised targets from the third quarter to early next year. The reason for the delay was not clear. Two of the people said Tesla aimed to produce 250,000 of the cheaper Model Ys in the US in 2026. The new vehicle is also planned for eventual production in China and Europe, Reuters has previously reported. The delay of US production and the US production target have not been previously reported. Tesla reports results on Tuesday, and plans for the new vehicles are a major question. The less expensive mass-market vehicles have been widely anticipated by Tesla fans and investors who hope they will attract a fresh group of customers and reverse the EV maker's falling sales and eroding market share. Tesla also has refreshed its original Model Y with exterior and interior changes. The Long Range All-Wheel Drive version in the US costs about $49,000 (R922,273), before a $7,500 (R141,164) federal tax credit. Reuters reported last month that the China launch of the E41 will occur in 2026. The E41 will be smaller and cost 20% less to produce than the refreshed Model Y, the sources familiar with China plans told Reuters. The timing of the rollout in Europe is not clear. Tesla is also planning to launch a bare-bones version of its Model 3 compact sedan, three people said. Tesla did not immediately respond to a request for comment on the delay of production of the cheaper Model Y, production targets and other details reported here. The EV maker on January 2 reported its first decline in annual deliveries last year, and analysts expect sales to fall again this year for several reasons, including damage to the brand reputation by CEO Elon Musk's close work with US President Donald Trump and support of far-right European politicians. Another challenge for Tesla is that its vehicles are ageing and there is no relatively cheap model. Musk earlier promised a new, cheaper EV platform with cars expected to be priced as low as $25,000 (R470,547), but dropped that to prioritise robotaxi development. Carmakers are grappling with prospects of rising prices and supply-chain disruption, after Trump imposed 25% tariffs on vehicles and car parts imported from outside the US. Tesla has increased North American sourcing for parts of many models over the past two years, which would decrease tariff exposure for the E41, two people aware of the matter said. It recently suspended plans to ship components from China to the US for the Cybercab and Semi truck due to tariffs, one person told Reuters earlier this week.
