UPDATE: Tun Razak Exchange gets RM2.8b bailout
Govt to pay RM3.51b in compensation if project is stopped.
Govt to pay RM3.51b in compensation if project is stopped.
"As a result of the misappropriation of funds, TRXC does not have enough money to fulfil its obligations as the Master Developer of TRX."
Their discussion covered topics such as the use of technology to create jobs, increase productivity and for rural development.
Badlisham said this was the impression he got after briefing Transport Minister Anthony Loke Siew Fook last week.
But Malaysia may not be able to sign a joint venture (JV) agreement with Singapore before June 30 this year as the government requires more time to study the project details, said Transport Minister Anthony Loke Siew Fook.
SHH disclosed that the property is rectangular in shape, approximately 25 km south-east of Kuala Lumpur and 5.8 km south-east of the Bangi town.
Philippine property developer Ayala Land Inc is the single largest shareholder in MCT.
Datuk Seri Azmin Ali: You have waited 24 years to resolve this issue, none of the past Menteri Besar managed to get it done, but we did.
River beautification work under the River of Life project is divided into two phases involving 10.7 kilometres along the Gombak and Klang Rivers.
Syed Mokhtar will take over group’s assets through the deal.