save malaysia!
Malaysia declines to host Commonwealth Games — Sports Ministry
savemalaysia
Publish date: Fri, 22 Mar 2024, 03:32 PM
KUALA LUMPUR (March 22): The federal government has decided to turn down the offer to host the 2026 Commonwealth Games, the Ministry of Youth and Sports said.
In a statement on Friday, the ministry said that this decision follows thorough consideration — during a Cabinet meeting — of all the implications and aspects of hosting the Games.
The Commonwealth Games Federation (CGF), the governing body of the quadrennial international multi-sport event, had offered Malaysia £100 million (RM603 million) in supporting funds during a meeting with the youth and sports minister as well as finance minister II, according to the ministry.
However, among the factors discussed during the Cabinet meeting was the realisation that the £100 million offer from the CGF would not be able to cover the entire cost of organising such a large-scale sports event.
Additionally, the ministry noted that the economic impact cannot be accurately identified within the short period of time available.
"The government extends its gratitude to the CGF for the offer to host the 2026 Commonwealth Games. However, at this juncture, the government aims to prioritise the development of sports, as well as the welfare and well-being of its citizens," stated the ministry.
With Malaysia's decision to decline, the fate of the 2026 Commonwealth Games remains uncertain. The original host, the Australian state of Victoria, withdrew in July last year due to a significant increase in hosting costs, rising from the initial estimate of A$2.6 billion (RM8.11 billion) to A$7 billion.
https://www.theedgemarkets.com/node/705600
More articles on save malaysia!
DoE issues stop-work order for 3 waste recovery facilities in Kulim
Created by savemalaysia | Apr 29, 2024
Palestinian president expresses gratitude for Malaysia's ongoing support
Created by savemalaysia | Apr 29, 2024
Health Ministry: Dengue cases increase in from April 14-20, four deaths reported
Created by savemalaysia | Apr 29, 2024
Bursa Malaysia ends higher on buying support from foreign, local institutions
Created by savemalaysia | Apr 29, 2024
MACC: No elements of misappropriation by football association in training centre project
Created by savemalaysia | Apr 29, 2024
Twenty-eight National Service Training Programme operators sue govt for RM108.74m in losses
Created by savemalaysia | Apr 29, 2024
Govt agrees to set up 'more comprehensive' Ombudsman Malaysia
Created by savemalaysia | Apr 29, 2024
Sabah Pakatan and GRS should renew partnership, says DAP leader
Created by savemalaysia | Apr 29, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Apps
Top Articles
1
2
AmInvest Research Reports
3
4
5
6
7
8
TA Sector Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
