Leader Steel unit accepts compensation of over RM42m for Klang land
Leader Steel said the compulsory disposal resulted from the receipt of Form H to take possession of the affected land under Section 18 of Act 486.
Leader Steel said the compulsory disposal resulted from the receipt of Form H to take possession of the affected land under Section 18 of Act 486.
The steel manufacturer said the land was acquired by Malaysian Rail Link Sdn Bhd, an agency under the Ministry of Finance Inc (MOF Inc), which has been appointed as the asset and project owner of East Coast Rail Link (ECRL).
KUALA LUMPUR (March 27): 1Malaysia Development Bhd's (1MDB) lawyer Rosli Dahlan had yesterday issued letters of demand (LODs) to former Umno supreme council member Datuk Seri Lokman Noor Adam, Kuang assemblyman Sallehuddin Amiruddin and Mohd Hanizam Yunus for issuing defamatory statements which implied, among others, that Rosli had unlawfully profited from money in connection with the 1MDB asset recovery effort by the Malaysian government.
KUALA LUMPUR (Dec 24): Malaysia is set to pay RM300 million in compensation to Singapore after deciding to terminate the Kuala Lumpur-Singapore High Speed Rail (HSR) contract and instead undertake the project without Singapore’s participation, a source said yesterday.
KUALA LUMPUR (June 17): There are no compensation costs involved in the latest deferment of the multi-billion ringgit highspeed rail (HSR) project agreed upon by Malaysia and Singapore on May 31, said Senior Minister for Economy Datuk Seri Azmin Ali.
KUALA LUMPUR (Nov 6): Encorp Bhd's indirect wholly-owned subsidiary Encorp Iskandar Development Sdn Bhd (EIDSB) has served a notice of arbitration against Konsortium Ipmines Merz Sdn Bhd (KIMSB), seeking RM11.
KUALA LUMPUR (Nov 2): Media Prima Bhd says it is embarking on the next phase of its business transformation exercise and that all affected employees will receive a fair and equitable compensation package.
PETALING JAYA (June 6): If the government plans to terminate the East Coast Rail Link (ECRL) project, it will have to pay about RM22 billion in compensation and penalty charges, reported The Malaysian Insight.
KUALA LUMPUR (Dec 12): Plantation company Harn Len Corp Bhd announced today that it has engaged a law firm to protest the compensation awarded to its subsidiary for a compulsory land acquisition in Johor Bahru.
KUALA LUMPUR (May 27): The federal government will bear the land acquisition cost totalling RM2.