“We have seen some first-timers in the market offering ridiculous pricing to developers in order to win their first jobs, only to realise that they are unable to deliver up to local contractual requirements in terms of quality and delivery time."
Datuk Seri Najib Razak: It would have been deemed unfair and legally irresponsible since the black boxes and cockpit voice recorders had not been found and hence, there was no conclusive proof whether the pilot was solely or jointly responsible.
The MACC says it is also probing the matter...
“It (e-wallet) is a very expensive game, so consolidation will come because some [smaller] players will just fall off, while some bigger players may look into mergers and acquisitions."
According to sources, the concessionaire will be given a 20-year extension.
Public Investment Bank expects awards to pick up in 2020, given the mildly expansionary Budget 2020 announcement, which includes a RM56 billion allocation for development expenditure.
While the KL Property Index saw a rise at the start of 2019, touching a high of 964.6 points on Feb 21, the trend turned negative for the rest of the year with the index declining to a low of 747.62 during the year.
Under the partnership, TLA will invest RM80 million in RCSB, of which RM40 million is for equity participation and another RM40 million for project financing.
“Our order book is currently RM1 billion with bids for RM1 billion mostly for infrastructure projects,” explained TSR Capital executive director Joshua Lim. “We have our own fleet of machinery and we want to make use of that."
Cold Storage, which has operated since the shopping centre was known as Jaya Supermarket, started a closing-down sale on Saturday, but the shelves were already practically empty by 5pm on the same day.
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