Protests May Spur Cases: Governor, Mayor (11:15 a.m. NY) Maryland Governor Larry Hogan and Atlanta Mayor Keisha Lance Bottoms said street protests over George Floyd’s death in police custody could spark more Covid-19 infections.
Might be you can choose to entry by end of the year but possibility to enter @ highest price..price range might be RM1,RM2 or RM3.00++..only my estimation ya!
Deferment of KL-Singapore HSR project extended to Dec 31, 2020 KUALA LUMPUR (May 31): The Malaysian and Singaporean governments have agreed to resume discussions on the Kuala Lumpur-Singapore High-Speed Rail (HSR) infrastructure project in the near future, said Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali. In a statement today, he said the discussions would encompass some of the proposed changes in the commercial and technical aspects of the project. Mohamed Azmin said this decision was arrived at after both sides had mutually agreed to extend the deferment of the KL-Singapore HSR project to Dec 31, 2020. “I have been asked by the Cabinet to lead the Malaysian team in the discussions with the Singapore government on this project,” he added. Previously on Sept 5, 2018, both governments had agreed to suspend the construction of the bilateral project until May 31, 2020 to find the best way forward for the project. The Malaysian government has been reviewing the project with MyHSR Corporation Sdn Bhd to identify cost reduction options, such as reviewing and optimising the alignment, station locations and business model. In its response, Singapore's Transport Ministry confirmed that the Malaysian government has informed the republic that it would like to propose some changes to the HSR project and has requested a seven-month extension to allow both sides to discuss Malaysia’s proposal. In the spirit of bilateral cooperation, the ministry said Singapore has agreed to a "final extension" of the HSR project suspension by seven months to Dec 31, 2020. "We look forward to receiving Malaysia’s formal proposal on the changes to the HSR project soon, so that both sides can begin discussions immediately," it said in a statement today. Meanwhile, the republic's Transport Minister Khaw Boon Wan said the extension should provide sufficient time for Malaysia to clarify its proposal and for both sides to assess the implications of the proposed changes. "Covid-19 pandemic does inconvenience the discussions but tele-conferencing can largely overcome the difficulty. The key is joint commitment to the project’s vision and mutual trust. "Nevertheless, the HSR is a complex project, and both sides have to be convinced that the changes do not undermine the original intent of the project.
Alliance DBS Research positive on construction sector TheEdge Mon, Jun 01, 2020 10:03pm - 10 hours ago
KUALA LUMPUR (June 1): Alliance DBS Research has remained positive on the country’s construction sector after both the Malaysian and Singaporean governments agreed to resume discussions on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project soon.
The research house said the discussions would include some of Malaysia’s proposed changes to the commercial and technical aspects of the project.
“We think part of the proposed changes will possibly entails lowering the cost of the project, studying financing solutions, as well as assessing the impact of the Covid-19 pandemic on business travel and the airline industry,” it said.
Alliance DBS Research said to facilitate this, both sides have agreed to extend the deferment of the project from May 31 to Dec 31, which would be the final extension granted for the project.
“We are unsure if there will be further penalty imposed on Malaysia for the latest deferment. It has paid SG$15 million (SG$1=RM3.07) for the first deadline extension until May 31.
“If the project is completely cancelled, a hefty penalty is likely to be imposed on Malaysia,” it said.
It said there is political will from both governments to continue with the project to stimulate the economies of both nations.
The research house said according to a study by the Japan Institute of Developing Economies, the project is forecast to create annual economic benefits worth US$1.59 billion (US$1=RM4.34) for Malaysia and US$641 million for Singapore by 2030.
“In our view, the project’s structure entailing a holistic end-to-end financing, or some form of public and private financing initiative, will be key,” it said.
Alliance DBS Research said contractors with balance sheet strength such as Gamuda Bhd, IJM Corporation Bhd, YTL Corporation Bhd and Sunway Construction Group Bhd should be front runners.
It added that other more direct potential beneficiaries are HSS Engineers Bhd which would likely land a consultancy role and Econpile Holdings Bhd which is one of the more reliable local piling contractors.
Damn. U never wear pant ies to have dinner with your angkel ah? Mmmmmmm Lucky old man. Bet he kept on dropping his spoon. Haha You and your angkel. Bungkus sudah lah.
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....
Pcmont123
296 posts
Posted by Pcmont123 > 2020-06-01 07:51 | Report Abuse
Resume discussion meaning the plan continue
the delay due to covid 19....relax lag if cancel, Malaysia and Singapore won't defer only