Reduction for SPLASH’s BSR a negative surprise

Water treatment and services sector Maintain neutral: The Selangor state government’s special purpose vehicle Pengurusan Air Selangor Sdn Bhd issued a statement last Friday to refute former Selangor menteri besar Tan Sri Abdul Khalid Ibrahim’s allegation that the current state government is giving “special treatment” to water treatment operator Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH) for the purchase price of the water concession.

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Dr Mahathir aims to scrap China deals — report

KUALA LUMPUR (Aug 14): Malaysia is looking to cancel multibillion-dollar Chinese-backed infrastructure projects signed by the previous scandal-tainted government as it digs itself out of debt, Prime Minister Tun Dr Mahathir Mohamad told The Associated Press (AP) in an interview.

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Compensation for TTDI project should come from landowner

PETALING JAYA (Aug 9): Yayasan Wilayah Persekutuan (YWP), and not Dewan Bandaraya Kuala Lumpur (DBKL), should compensate the developer of a high-rise, high-density residential development coming up on Taman Rimba Kiara (TRK) as the former is the owner of the land, said Kuala Lumpur mayor Tan Sri Mohd Amin Nordin Abd Aziz.

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Government to present white paper on Felda’s critical cash flow problem

KUALA LUMPUR (Aug 10): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said yesterday the government had decided to present a “white paper” in the next session of Dewan Rakyat to expose the real situation of the Federal Land Development Authority (Felda), which is currently facing a critical cash flow problem.

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Gamuda, KPS accept takeover offer for SPLASH

KUALA LUMPUR (Aug 10): Gamuda Bhd and Kumpulan Perangsang Selangor Bhd (KPS) announced yesterday that they have resolved to accept the state government’s offer for Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH), confirming a report by The Edge Financial Daily published on Monday.

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