News by Emir Zainul

“The company will make the appropriate announcement to Bursa Malaysia in a timely manner in accordance with the Main Market Listing Requirements of the bourse, as and when necessary.”

MRL said the joint operation arrangement is purely the sharing of management, operation and maintenance (MOM) costs plus the exchange of technical know-how and expertise between the two companies.

MCT, whose subsidiary was embroiled in the scuffle that broke out at the Sri Maha Mariamman Temple late last year, said Goh quit due to "personal matters".

"It will fail because this government is elected by the people and this (country) is a democracy. You cannot just get rid of the government and substitute, unless of course you want to drop democracy and become a kleptocracy or you can become an autocracy."

The final decision, however, will be made by the Economic Planning Unit (EPU) of the Prime Minister's Department,Defence Minister Mohamad Sabu added, assuring there are no elements of ‘hanky-panky’ involved in the sale.

"The government will allocate funds to erase the interest on settlers' debts which will benefit settlers nationwide. This step is the government's effort to help the settlers that are burdened with high debt as most of them are long-term debts."

“But people chose to listen to all the lies, to all the untrue stories that were being smeared at me and my husband. So we just have got to go through it and unfortunately the people suffer because of all this, because you all chose to believe in lies. Maybe lies are more interesting.”

“For Malaysia, resolving the long-standing issue of water price review is a priority. We were engaged in active negotiations on the review in the late-1990s and early-2000s. Prime Minister Lee and I have agreed to find amicable solutions to this issue, including the possibility of (a) dispute resolution through arbitration on a mutually agreed basis,” Dr Mahathir said.

"We agreed that the fundamental principle is to resolve issues of concern in a friendly and constructive manner and work towards amicable solutions,” Dr Mahathir said of his meeting with Singapore Prime Minister Lee Hsien Loong.

At 3.05pm, IWCity was trading up 6.5 sen or 8.67% at 81.5 sen, after 41.8 million shares traded so far.