Following the robust reaction from the joint venture (JV) and those who would be affected by its earlier decision to take away the remaining work on the underground portion of the mass rapid transit Line 2 (MRT2) project, the Cabinet yesterday decided that an attempt be made to bridge the divide.
Guan Eng: Reduction in cost to RM7.3b is still ‘inadequate’
In a filing with Bursa Malaysia, Pestech said the subcontract was awarded to Ansaldo STS Pestech Consortium, made up of its wholly-owned subsidiary Pestech Technology Sdn Bhd and Ansaldo STS Malaysia Sdn Bhd.
He was released on bail with two sureties, with payment to commence tomorrow by an initial sum of RM1 million, followed by RM500,000 on each business day from Monday (Sept 24) until Friday (Sept 28).
'Stringent rules are needed to scrutinise the sector.'
“Construction sector in Malaysia at the moment is very down, property sector is the same as well. Operation condition is tough."
Sunway said the Housing and Development Board of Singapore awarded the land, located in Sembawang, for a 99-year lease term to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd.
Therefore, Lim said implication from the SST is far lower than the GST, as only 25% of restaurants and cafes are subject to the new consumption tax system.
‘Giving safe drivers discount on insurance premium will help encourage good driving behaviour’
"There are some negative sentiments on transportation, but not because of the infrastructure; it is because they are not satisfied with the government spending too much on transportation."
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