Don't just focus on Chinese investments in infrastructure projects, says don
"The problem with the discussion today is that much of our focus is on [deliberating over] debt-based projects such as the ECRL.”
"The problem with the discussion today is that much of our focus is on [deliberating over] debt-based projects such as the ECRL.”
The contract will commence on Oct 15, with completion by Jan 15, 2021.
Yesterday the government said it had terminated the underground work contract of the MRT2, which had initially gone to the joint venture between Gamuda Bhd and MMC Corp Bhd.
It says employers cannot afford to pay RM10,000 per year for a skilled foreign worker.
“It’s very difficult for employers to bear this cost. So we would like to propose to the government to consider extending the RM10,000 payment to three years, instead of one,” FMM president Datuk Soh Thian Lai said.
The seat was left vacant by Tan Sri Syed Anwar Jamalullail, who stepped down on May 9 on expiry of his contract after serving in the group for almost 12 years.
The agency is banking on the plantation group’s recovery to help improve its finances.
KLVC has been the subject of controversy after investigations were launched by the Malaysian Anti-Corruption Commission on the transfer of ownership titles of Felda land to SPSB for the project, which raised questions of abuse of power and corruption.
Glomac said revenue for 1QFY19 was mainly contributed by progress billings from Bandar Saujana Utama, Sri Saujana and Saujana KLIA.
The contract, awarded by Atta Global Group Bhd, involves 112 units of a 14-storey apartment building and eight units of three-storey terrace houses.