statement from Prime Minister Tan Sri Muhyiddin Yassin and Singapore Prime Minister Lee Hsien Loong.
"Both countries will abide by their respective obligations, and will now proceed with the necessary actions, resulting from this termination of the HSR agreement," said the statement, released by Muhyiddin's office.
Separately, Singapore's Transport Ministry said Malaysia had to compensate it for costs incurred in fulfilling its obligations under the agreement.
The countries did not state how much Malaysia would have to pay.
Construction on the rail link had been scheduled to commence in May 2020, with operations to begin in January 2031.
The kl jb link still going on. Only the jb sing link have been canceled. The developer for jb sing are sing company. Malaysia componay are not in involved.
But than again, Malaysia share player react to news so likely will drop a few cent and pick up again later
Possible as there is proposal of min /certain % of participation of bumi co. in some mega projects, if approved, very high chance for mrcb, also has relevant track record.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jamil1986
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Posted by Jamil1986 > 2020-12-22 18:54 | Report Abuse
What happen.. cut loss??