E&O on active lookout for STP2 Phase 2A investors to raise cashflow
This is part of plans to raise substantial cashflow, while reducing its risk exposure, seeing it has another 507 acres of land to reclaim over a period of time.
E&O posts lower 1Q net profit as forex, JV losses weigh
Going forward, E&O said outlook for the property sector remains challenging with continuing tight mortgage financing, coupled with other global uncertainties.
AES contractors paid RM129m, ‘clean profit’ made — Transport Minister
"Whatever the amount, it made no difference because the government did not earn a single sen. There was no revenue from this agreement. It was lopsided deal signed by the previous government."
Privatisation of KL-S'pore HSR not an option, says Azmin
"Our priority is to reduce the government's expenditure, not increase our borrowings."
Najib says no objection to PAC reopening 1MDB probe
"I have nothing to object because we want to learn the truth. So, now if PAC wants to reopen (the) 1MDB (probe), it is their right but don't go on a fault-finding mode," Najib told reporters at the Parliament lobby today.
ECRL's opex will be RM600m to RM1b a year, says Guan Eng
The project, tasked to China Communications Construction Co, has been suspended and is under review; the discussion with Chinese parties after Council of Eminent Persons head Tun Daim Zainuddin's recent visit to China is showing results.
Food outlets with less than RM1m revenue exempt from service tax, Guan Eng says
"We know Malaysians love their roti canai, nasi goreng, kuey teow, milo ais and dining outside with families and friends."
Charges against Najib in line with rule of law, says Hishammuddin
"I just hope that the process is fair and that he has a fair trial and say in proceedings."
Terminating MRCB-George Kent as LRT3 PDP would have cost govt RM4.2b, says Lim
"We are stuck because of this so we cannot re-tender the project or else we have to pay them compensation."
Najib not keen on sale of yacht, says should focus on IPIC settlement
Najib: Of course, I have no knowledge of it (the arrival of the yacht). I have not been onboard. I did not know about it until it came out in the press.
