"Based on calculations using the automated pricing mechanism (APM) formula, the retail price of RON95 and diesel for the period of March 2 to March 8 was supposed to be RM2.13 per litre and RM2.38 per litre respectively."
Ongoing projects are still at an early stage of construction.
The RM5.12 billion sales it achieved last year exceeded its initial target of RM5 billion.
Revenue for FY18 was also lower at RM2.2 billion against RM2.92 billion in FY17.
The valuations are still ongoing, in light of the hotel’s strategic location as one of the main tourist spots and hotel zones in the centre of Kuala Lumpur.
"The government expects the acquisition exercise of the four highways will take up to six months to fulfil legal, regulatory and financial requirements."
Office in the Kathmandu Valley...
It clarified that the land had been valued by the company at RM500 million, based on its existing condition -- without taking into account the future conversion premium that need to be paid (for commercial and residential status), and other restrictions and conditions that may be imposed by the Selangor state government for future development.
WCT Holdings said the novation agreements entail the transfer of all rights, interest, benefits, obligations, duties and liabilities of Prasarana to MRCB George Kent, subject to the terms and conditions as stipulated in the agreements.
"We know where he is but we cannot proceed with the matter to bring him back unless the country cooperates," said Home Minister Muhyiddin Yassin.