News by Adam Aziz

In a filing ysesterday, Parkson said Parkson Haipong and the buyer, Thuy Dong Construction & Trading Joint Stock Co, took into account the market valuation of US$9.5 million on the property in arriving at the US$10 million (S$13.1 million) purchase consideration.

“The ministry views seriously all development projects, especially those under EIA purview. The EIA is a requirement of law under Section 34(A) of the Environmental Quality Act 1974."

“I am not sure if the minister realises the full implication of his answer,” PKR MP Fahmi Fadzil told a press conference at Parliament lobby today. “Surely many will now ask if they are bound under the Act when publishing videos on social media.”

The list, available on https://mydeclaration.sprm.gov.my, displays the monthly income of the listed individuals.

The deadline for IWH-CREC to settle the upfront payment has been moved to Sept 15 from April 30 "due to the Covid-19 outbreak", said Finance Minister Tengku Datuk Seri Zafrul Aziz.

The cost revision is due to specification changes that include the setting up of a new depot, Wee told lawmakers in Parliament yesterday.

Works for the RTS will commence in January 2021 after the relevant approvals have been acquired, with the project to be completed in 2026.

“According to the airlines, even though the government has relaxed the social distancing rules, flight ticket prices may not drop immediately. They must ensure there is continuous and stable demand before airfares can return to normal as seen before the Covid-19 outbreak."

The realignment, which could affect 25% of the entire 640km ECRL track, is centred in the last section, Section C, which will see the scope switched from Putrajaya-Port Klang to the original route of Gombak-Port Klang.

“Khazanah has shown resilience and tenacity in these trying times to achieve significant progress in delivering on its mandate to grow Malaysia’s long-term wealth.

“It is these characteristics that will also enable us as a country to overcome the challenges posed by the Covid-19 pandemic.”