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.
The British-born Stadlen will be charged in absentia as he fled Malaysia immediately after Najib lost power last May.
"Registration processes are currently being updated to reflect this expansion. Once MOTAC’s (Ministry of Tourism, Arts and Culture's) new registration process is in place, we will actively work to inform hosts of the registration requirements, as we have done with DBKL (Kuala Lumpur City Hall) last year and in hundreds of jurisdictions around the world," Airbnb said.
Retail price of diesel will remain at RM2.18 a litre because the federal government has promised to stabilise the price of diesel at RM2.18 a litre.
The contract is to undertake basement and sub-structure works for the proposed Pavilion Damansara Heights (PDH) Parcel 2 mixed development at Jalan Damanlela, Kuala Lumpur.
News portal reported yesterday that a Swiss court had ordered the Malaysian-Canadian entrepreneur and her husband to pay the damages to the Basel-based NGO after it failed to obtain an injunction against the environmentalist group over money laundering allegations.
RM2 million of the fine imposed is the maximum fine provided under Section 354(3)(b) of the CMSA. Deloitte was also slapped with another RM200,000 fine for not submitting a copy of financial statements to a trustee within the legally stipulated time.
However, if Malaysia decides that Goldman is paying too little, then the government will look to the court to decide on the compensation amount.
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