In a bourse filing yesterday, Minetech said its wholly-owned subsidiary Minetech Construction Sdn Bhd has received a letter of award from GLM Emerald Square (Cheras) Sdn Bhd appointing it as contractor for the proposed job.
Hence, the consortium agreement entered into between the three parties will be terminated with immediate effect.
In a statement today, the Finance Ministry said based on calculations according to the Automatic Pricing Mechanism (APM), the retail prices of RON95 petrol and diesel for the same period should have been RM2.32 and RM2.46 per litre respectively.
“The irony is that the judiciary, the very institution tasked with the insurmountable obligation to defend the liberty of the people, is itself quite defenceless. It is incumbent on all the stakeholders in the justice system to support and defend the system when the institution is undermined.”
"The decision is effective Jan 3, 2020 and Dr Mahathir will assume the post until a new education minister is appointed," the PMO said in a statement today.
During his speech at the opening of the legal year 2020, Attorney General Tan Sri Tommy Thomas said these cases are mostly related to the fallout from the 1 Malaysia Development Bhd (1MDB) scandal.
The commission was levied against the RM523 million selling price of the yacht.
The decision stems from the failure of Titanium Hallmark to pay the balance of the total disposal consideration for the seven plots of land.
It posted a widened loss of RM14.85 million in 2QFY20, compared with RM12.65 million in the previous corresponding quarter. Revenue was also 18.3% lower at RM90.19 million, from RM110.42 million previously.
The group's current orderbook stands at RM850 million, which would sustain its earnings over the next two years.
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