It issued the proposed decision against seven warehouse operators for infringing Section 4 of the Competition Act 2010 in relation to the price fixing of surcharges on long-length handling and heavy lift handling services, for all import and export cargoes in Northport and Westport areas in Port Klang.
In a filing with Bursa Malaysia, the engineering and management and consultancy firm said the placement would enable it to subscribe Highbase Strategic Sdn Bhd (HSSB)’s redeemable convertible preference shares (RCPS).
Some quarters voiced their concerns over the loss of an independent body to regulate the operations of airports in the country, while others were more worried about the prospects of MAHB.
This marks the third postponement. The first deadline was Aug 30, then it was extended to Oct 31 and later to Dec 31.
In a filing with Bursa Malaysia yesterday, it said the bills of demand were issued to its wholly-owned unit Puncak Niaga Management Services Sdn Bhd (PNMSSB), for the period Feb 1, 2016 to Dec 31, 2017.
The property developer said the proceeds from the issuance will also be used to repay borrowings, for working capital and to defray expenses incurred in relation to the sukuk issuance.
“Assuming the SIFC is fully developed, it can create some RM4.6 billion worth of output per annum and create 10,000 job opportunities,” said Kuala Lumpur & Selangor Furniture Association (KSFA) president Datuk Eric Lee
Soft consumer sentiment, the reintroduction of the sales and service tax, a high base effect following the removal of the 6% goods and services tax last year, and more spending required to grab consumers’ attention — these were among the reasons for the challenging year.
It is causing them to miss out on trade diversion opportunities — KL & Selangor Furniture Association
EcoWorld is set to announce its annual financial results tomorrow (Dec 12).
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