The engineering, procurement, construction and commissioning contract for two pipeline projects and other associated contracts amounting to RM10.4 billion have been terminated, says Finance Minister Lim Guan Eng.
SSER is a subsidiary of the Ministry of Finance which reportedly paid RM8.3 billion, or 88 percent of the RM9.4 billion EPCC contract for two pipeline projects, namely the Multi-Product Pipeline and Trans-Sabah Gas Pipeline , despite only 13 percent of unaudited and unverified work being completed.
The China-based contractors are China Petroleum Pipeline Engineering Company Ltd and Huanqiu Project Management Co Ltd . "Of the RM9.4 billion EPCC contract for MPP and TSGP, 85 percent of the cost was meant to be financed by a 20-year loan of 12.9 billion yuan from Exim Bank of China at an interest rate of 3.25 per cent per annum .
Byk juga revolving credit yg CIMB bagi. Masa tu abang (Najib) mintak kat adik (Nazir) ke? Habis juga semua kredit CIMB tu digunakan. Bila AGCPutrajaya nak mula dakwa kes ni agaknya? Berapa byk pertuduhan pulak daaa?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RM10.4b EPCC, associated contracts for pipeline projects terminated: Guan EngKUALA LUMPUR: The engineering, procurement, construction and commissioning (EPCC) contract for two pipeline projects and other associated contracts am...
Source: theSundaily - 🏆 25. / 51 Read more »
RM10.4b EPCC, associated contracts for pipeline projects terminated: Guan EngKUALA LUMPUR: The engineering, procurement, construction and commissioning (EPCC) contract for two pipeline projects and other associated contracts am...
Source: theSundaily - 🏆 25. / 51 Read more »
Govt optimistic of overcoming growing challenges to economy: Guan EngGEORGE TOWN: The government is always optimistic of overcoming the growing challenges to the economy and will do so to the best of its ability, accord...
Source: theSundaily - 🏆 25. / 51 Read more »
Asset sales not FDI - Najib scoffs at Guan Eng's claimFormer prime minister ridicules finance minister's claim of having achieved the highest realised FDI in Malaysia’s history. Looks like Jerome in the Netflix TV - Gotham. whatever laa jib LGE Menteri kewangan paling bodoh malaysia pernah ada..
Source: fmtoday - 🏆 5. / 72 Read more »
Jual aset kini dipuji sebagai FDI, Najib sindir Guan EngMenteri kewangan dilaporkan berkata Malaysia menerima FDI tertinggi dalam sejarah negara sebanyak RM21.7 bilion, meningkat 94.8% berbanding RM11.2 bilion yang dicatatkan pada suku pertama tahun lepas.
Source: fmtoday - 🏆 5. / 72 Read more »
Give more loans to small businesses, Guan Eng urges banksLending active businesses key in negating effects of US-China trade war, says finance minister.
Source: fmtoday - 🏆 5. / 72 Read more »
Gov't optimistic of overcoming economical challenges - Guan EngHe also calls on banks to ease their lending procedures. 😎
Source: malaysiakini - 🏆 20. / 51 Read more »
Beri lebih banyak pinjaman kepada peniaga kecil, Guan Eng beritahu bankBank dan badan kewangan digesa memberi lebih banyak pinjaman kepada industri kecil dan sederhana bagi menghadapi kesan perang dagang AS-China. Kadang2 bank buat2 tak faham realiti bisnes. Belanja operasi (opex) adalah keperluan utama bisnes meneruskan survival. Sukar bagi mendapatkan pinjaman utk opex. Sebaliknya bank lebih sedia memberikan pinjaman utk belanja modal (capex). guanenglim officialpakwan BNM_official tipu la gone end ni
Source: fmtoday - 🏆 5. / 72 Read more »
Govt optimistic of overcoming growing challenges to economy, says Guan Eng | Malay MailGEORGE TOWN, May 18 — The government is always optimistic of overcoming the growing challenges to the economy and will do so to the best of its ability, says Finance Minister Lim Guan Eng. Lim said at present the country faced two major challenges, namely the financial...
Source: malaymail - 🏆 1. / 86 Read more »
Kerajaan optimis tangani cabaran ekonomi, kata Guan Eng | The Malaysian InsightKatanya, Malaysia sedang menghadapi dua cabaran ekonomi yang besar iaitu masalah kewangan daripada kerajaan terdahulu serta krisis perdagangan AS-China. Leave the banks operations alone!
Source: msianinsight - 🏆 8. / 63 Read more »
ECRL warns against 'lobbyist' offering contracts in rail projectSuch claims circulating on social media are untrue, say MRL, CCCC.
Source: malaysiakini - 🏆 20. / 51 Read more »