Latest news with #BBDSB
Sinar Daily
8 hours ago
- Business
- Sinar Daily
CAAM to take over functions of Mavcom from Aug 1 to become sole aviation industry regulatory body
Transport Minister Anthony Loke said CAAM would fully take over the economic regulatory functions previously carried out by Mavcom. 23 Jun 2025 01:41pm CAAM and Mavcom are being rationalised where all aviation industry regulatory functions including technical and economic aspects will be consolidated under one entity. - Bernama photo PUTRAJAYA - The Civil Aviation Authority of Malaysia (CAAM) and the Malaysian Aviation Commission (Mavcom) will be rationalised effective August 1, bringing the aviation industry's regulatory functions under one entity, CAAM. In a press conference here today, Transport Minister Anthony Loke said CAAM would fully take over the economic regulatory functions previously carried out by Mavcom. The move was in line with international best practices where other countries are now adopting a single regulatory model in the aviation sector to ensure more effective coordination. - Bernama file photo "CAAM and Mavcom are being rationalised where all aviation industry regulatory functions including technical and economic aspects will be consolidated under one entity, CAAM. "The rationalisation of CAAM and Mavcom is part of the government's institutional reform efforts to improve the efficiency of the regulatory structure, reduce duplication of functions between agencies that have similar roles and ensure more integrated and efficient service delivery to the industry and the people,' he said. Loke said the move was in line with international best practices where other countries are now adopting a single regulatory model in the aviation sector to ensure more effective coordination. Loke said this rationalisation also lays a solid foundation for CAAM to drive the growth of Malaysia's aviation industry, in line with the country's aspiration to become a competitive and inclusive advanced economy. To implement this rationalisation, the Malaysian Aviation Commission (Dissolution) Bill 2024 [Act 856] and the Malaysian Civil Aviation Authority (Amendment) Bill 2024 [Act A1723] were tabled and passed in the Dewan Rakyat on June 26, 2024 and in the Dewan Negara on July 30, 2024. Both acts received the assent of the Yang di-Pertuan Agong on September 11, 2024 and were published in the Gazette on September 25, 2024. "Both acts will come into force from August 1, 2025, coinciding with the enforcement date of CAAM as a Remunerated Separated and Exempted Statutory Body (BBDSB). "With the enactment of these two acts, the transfer of functions and responsibilities from Mavcom to CAAM can be implemented in accordance with the law officially," he said. Loke stressed that all Mavcom staff will be offered suitable placements at CAAM based on their skills and experience. He said a town hall session would also be held to discuss the new salary rates for CAAM staff following its merger with Mavcom and the increase in duties. "Offer letters will be issued to all 57 Mavcom staff by the end of this month," he said. He said that through this restructuring, Malaysia is now in a stronger position to face global challenges in the aviation sector. "CAAM will be better prepared to drive the growth of the aviation industry in a more progressive and sustainable direction. "This is in line with the government's goal to make Malaysia a regional aviation hub, and support the country's agenda towards inclusive, balanced and innovation-driven economic development," he said. - BERNAMA
Barnama
11 hours ago
- Business
- Barnama
CAAM To Be Made Financially Independent Statutory Body Effective Aug 1
GENERAL PUTRAJAYA, June 23 (Bernama) -- The government has agreed to make the Civil Aviation Authority of Malaysia (CAAM) a Remunerated Separated and Exempted Statutory Body (BBDSB) effective Aug 1, said Transport Minister Anthony Loke. In a press conference here today, he said the matter was agreed by the Cabinet on June 11, which approved the proposal to make CAAM a BBDSB. 'This means that this statutory body will no longer require financial injections from the government through annual allocations. At the same time, it is also not subject to the government's remuneration system. 'It is exempted from remuneration and separated from the government. So, it will be an independent body in terms of finances and also its remuneration,' he said. Loke said this decision is in line with the government's ongoing efforts to strengthen the national aviation institution. 'It also ensures that Malaysia remains a country with a technical and economic aviation regulatory system that is credible, competent and meets international standards,' he said. He said CAAM has the ability to operate as a BBDSB because it records a certain amount of profit through certain charges to, among others, international airlines and parties that use Malaysian airspace. 'So right now, our estimated revenue for this year is about RM400 million. We have collected approximately RM150 million in the first five months of this year, so the revenue for the first five months of this year has exceeded the entire year of last year. "That has given us the confidence that it will be financially independent and sustainable. And that is also one of the important conditions for the Cabinet and for JPA (the Public Service Department) to grant CAAM as BBDSB," he said.
The Sun
11 hours ago
- Business
- The Sun
CAAM to be made financially independent statutory body
PUTRAJAYA: The government has agreed to make the Civil Aviation Authority of Malaysia (CAAM) a Remunerated Separated and Exempted Statutory Body (BBDSB) effective August 1, said Transport Minister Anthony Loke. In a press conference here today, he said the matter was agreed by the Cabinet on June 11, which approved the proposal to make CAAM a BBDSB. 'This means that this statutory body will no longer require financial injections from the government through annual allocations. At the same time, it is also not subject to the government's remuneration system. 'It is exempted from remuneration and separated from the government. So, it will be an independent body in terms of finances and also its remuneration,' he said. Loke said this decision is in line with the government's ongoing efforts to strengthen the national aviation institution. 'It also ensures that Malaysia remains a country with a technical and economic aviation regulatory system that is credible, competent and meets international standards,' he said. He said CAAM has the ability to operate as a BBDSB because it records a certain amount of profit through certain charges to, among others, international airlines and parties that use Malaysian airspace. 'So right now, our estimated revenue for this year is about RM400 million. We have collected approximately RM150 million in the first five months of this year, so the revenue for the first five months of this year has exceeded the entire year of last year. 'That has given us the confidence that it will be financially independent and sustainable. And that is also one of the important conditions for the Cabinet and for JPA (the Public Service Department) to grant CAAM as BBDSB,' he said. Previously, Prime Minister Datuk Seri Anwar Ibrahim was reported to have said that CAAM will be considered as a statutory body which is separated from remuneration.
The Sun
11 hours ago
- Business
- The Sun
CAAM to be made financially independent statutory body effective August 1
PUTRAJAYA: The government has agreed to make the Civil Aviation Authority of Malaysia (CAAM) a Remunerated Separated and Exempted Statutory Body (BBDSB) effective August 1, said Transport Minister Anthony Loke. In a press conference here today, he said the matter was agreed by the Cabinet on June 11, which approved the proposal to make CAAM a BBDSB. 'This means that this statutory body will no longer require financial injections from the government through annual allocations. At the same time, it is also not subject to the government's remuneration system. 'It is exempted from remuneration and separated from the government. So, it will be an independent body in terms of finances and also its remuneration,' he said. Loke said this decision is in line with the government's ongoing efforts to strengthen the national aviation institution. 'It also ensures that Malaysia remains a country with a technical and economic aviation regulatory system that is credible, competent and meets international standards,' he said. He said CAAM has the ability to operate as a BBDSB because it records a certain amount of profit through certain charges to, among others, international airlines and parties that use Malaysian airspace. 'So right now, our estimated revenue for this year is about RM400 million. We have collected approximately RM150 million in the first five months of this year, so the revenue for the first five months of this year has exceeded the entire year of last year. 'That has given us the confidence that it will be financially independent and sustainable. And that is also one of the important conditions for the Cabinet and for JPA (the Public Service Department) to grant CAAM as BBDSB,' he said. Previously, Prime Minister Datuk Seri Anwar Ibrahim was reported to have said that CAAM will be considered as a statutory body which is separated from remuneration.
