News by Adam%20Aziz

A total of 106 members of Parliament from both the government and the opposition took part in the debate

Of the total, 65 projects were halted due to the companies’ weak balance sheets, Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican said. Other causes included failure to comply with standards and weak project management, while some developers cannot be located.

Works Minister Datuk Seri Fadillah Yusof: The rising costs were due, among others, to factory closures during the MCO period. This affected factory operations, including those which produce building materials, and subsequently impacted the execution of projects

They now have to adhere to only two of 10 new criteria under the revamped programme, which was revealed by the Ministry of Home Affairs last August. The two new conditions are the increase in annual fee to RM500, from RM90 previously, and the requirement to stay in the country for a minimum of 90 days each year, said Home Minister Datuk Seri Hamzah Zainudin.

Prime Minister Datuk Seri Ismail Sabri Yaakob: This means that no state or federal territory would still remain in Phase 1 of the NRP

Some 497 cases or 39.89% were companies registered in the federal territories, followed by Selangor with 273 cases or 21.91%.

The award to MRCB follows the AIAC arbitration’s findings that George Kent was found to have been in breach of the shareholders’ agreement with MRCB.

MYOR will be administered and calculated by the central bank as the volume-weighted average rate of unsecured overnight ringgit interbank transactions, including the bank’s overnight monetary operations (excluding Standing Facilities).

The project will be on a 17.97-acre site in Putrajaya under Perbadanan Putrajaya. 

The group, which is developing Bandar Springhill in Negeri Sembilan, posted a net profit of RM7.67 million or 1.04 sen per share for FY21, down 39.5% from RM12.73 million or 1.72 sen for FY20.