News by Adam Aziz

MRCB impaired RM197 million worth of its contract assets, trades and other receivables it believes "will be impacted as a result of the pandemic from some of the group’s completed construction projects in the quarter under review".

Lim Guan Eng: Most of the projects that were procured through direct negotiations were not PH initiatives, but were projects inherited from the former Barisan Nasional administration. The PH government then had instead lowered the cost for some of the projects (projects that were necessary).

The property, with a net lettable area of 285,249 sq ft, comprises a leasehold industrial piece of land with a single-storey warehouse and a double-storey office annex, another single-storey warehouse and other ancillary buildings.

The proposed high-rise development comprises three tower blocks: 46-storey Tower A, 49-storey Tower B, and 30-storey Tower C encompassing 536, 572 and 268 units respectively.

In a filing with Bursa Malaysia yesterday, Sasbadi said the property had an audited book value of RM7.85 million as at end-August 2019.

The current alignment of the ECRL, which links Kota Baru to Port Klang, is slated to cost RM44 billion — or RM64 million per km. 

Speaking in the Dewan Rakyat today, Mohd Shahar said there was an additional RM9 billion GST refund claimed by businesses, on top of RM19.4 billion that had been claimed and processed previously.

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.”