Posted by Larrie Chew > 2020-04-16 13:36 | Report Abuse

ViVaFoReVeRLOVE! Does the Contractor have a duty to draw attention to an error on the Architect’s drawing? Some tricky Subcontractors would want to claim against the Main Contractor for loss caused to them due to the Architect’s alleged breach of their obligation to the Employer to provide accurate construction information for the Employer’s Requirements. Some parties argue that a contractor did have a duty to warn the architect if it is ‘believed’ that there, in ‘ordinary’ circumstances, was a ‘serious’ defect in the design. The three keywords are interpreted differently by different parties depending upon the circumstances.

Posted by ViVaFoReVeRLOVE > 2020-04-16 13:38 | Report Abuse

good question larrie chew,

therefore main contractor is not an easy job. u got main contract (agreement between employer and main contractor) and also subcontract (agreement between main contractor and subcontractor). u have to always ensure that whatever subcontractor claim to u is claimable against employer. but this not always the case.

remember that in standard form of contract (irrespective of it is PAM form or PWD) there is 1 clause mention that the contractor have to notify architect the discrepancy of drawing and any doubt during tender stage. upon contract formed, contractor accepted that all the information is clear to him. so if during construction stage only contractor discover certain blindspot he overlook and after enquired architect on the original design intent, some additional cost have to be spent on the said changes. all the cost incurred on such changes shall be borne by contractor. those cost incurred have to pay to subcontractor because subcontractor is just construct whatever u asked for. they not bound to the mistake contractor didn't discover as they only take care 1 trade while main contractor take care everything.

so this is the logic behind ur concern. the principle is that if the discrepancy only clarified during post-construction stage, all the cost incurred to fix the discrepancy is not claimable against employer. but on the other hand the discrepancy could be a cost saving to contractor too. example contractor price in marble material in cost, but there are discrepancy on drawing on finishing and upon clarify from architect, tile is their original intent. therefore change from expensive marble to cheap tile is additional profit to contractor as no cost implication due to discrepancy.

Posted by Larrie Chew > 2020-04-16 13:39 | Report Abuse

Thanks man!

Posted by ViVaFoReVeRLOVE > 2020-04-16 13:40 | Report Abuse

welcome yo!

Posted by JessicaTan > 2020-04-16 13:55 | Report Abuse

The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’



~ Consumer and manufacturing reports for March showed the hit to the economy from the coronavirus was deeper in the early weeks of the shutdown than expected.

~ March retail sales fell 8.7%, the most ever in government data, and New York regional manufacturing activity hit an all-time low, declining to a shocking negative 78.2%.

~ “The economy is clearly in ruins here,” said Chris Rupkey, chief financial economist at MUFG Union Bank.


Consumer and manufacturing reports for March showed the hit to the economy from the coronavirus was even swifter and deeper in the early weeks of the shutdown than expected.

March retail sales fell 8.7%, the most ever in government data, and New York regional manufacturing activity hit an all-time low, declining to a shocking negative 78.2%. Industrial production slipped 5.4%, the largest decline since 1946, and manufacturing was down 6.3%, a record reflecting in part the 28% decline in auto production as plants shut down.

The economic reports showed the double whammy of state shutdowns in mid-March on two pillars of the economy — the consumer and business. The reports were even more dire than expected, and foreshadow even worse declines in April’s activity, with state shutdowns affecting areas responsible for more than 90% of the economy.

Homebuilder sentiment also took a big hit during early April, falling the most ever in a one-month period since its inception 35 years ago. Builder confidence for single-family homes plunged 42 points to 30, the lowest level since June 2012, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.

March retail sales fell 8.7%, a record drop, with the only sign of activity at grocery and beverage stores, which saw sales grow by 25.6%. Economists expected an 8% decline in monthly sales. The consumer accounts for 70% of the economy.

“The economy is clearly in ruins here,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “Nobody is buying cars, down 25.6%, nobody is buying furniture, down 26.8%, and eating and drinking places were down 26.5%.”

The economic decline, which started in the first quarter is expected to reach its trough in the second quarter. Economists anticipate an unprecedented drop of more than 30% in GDP for the second quarter. JPMorgan economists expect a 40% decline in the second quarter, on top of a 10% drop in the first quarter.

Already negative first-quarter GDP forecasts may also worsen, showing the economy began contracting at a rapid pace when businesses closed down, states ordered residents to stay home, and President Donald Trump told Americans to stay out of restaurants and practice safe distancing.

But Ward McCarthy, chief financial economist at Jefferies, said the retail sales data muddies the outlook for first-quarter GDP, since some sales categories in the data used to calculate it actually improved. They include building materials, up 1.3%, and health and personal care, which climbed 4.3%.

“The bottom line is that consumer spending has fallen off a cliff after being relatively solid for a prolonged period of time,” according to McCarthy. “There has been significant substitutions in spending habits as consumers have tried to cope with social distancing. The consumer sector will provide a drag on Q1 and Q2, but it’s going to be difficult to estimate the size of the drag.”

March retail sales also showed barely a blip in online purchases, only up 3.1%, though consumers are shopping from home. The Commerce Department acknowledged it had difficulty collecting data as many businesses have shut down.

“Retail sales in the fourth quarter of 2008 fell over 8%, but that was over three months,” Rupkey said. “This was just one month. ... Consumers are hunkering down at home, only venturing out to go to the grocery store. It’s lights out today, and as far as we can tell, it’s going to be worse next month.”

The Empire State manufacturing survey fell by its biggest margin ever to a historic low, much steeper than any number in the financial crisis and more than double the expected decline in activity in the New York region, hardest hit by the virus.

“Overall, today’s manufacturing numbers indicate an expected slowing in activity, but slightly earlier and more widespread than previously thought,” noted Citigroup economists. They said the depth of the decline in apparel manufacturing of 16.5% and furniture, down 10%, were surprising.

Posted by JessicaTan > 2020-04-16 13:55 | Report Abuse

happy reading and trading guys!

Posted by happylucy > 2020-04-16 13:56 | Report Abuse

Yes jessica tan, Since this month is report card season...

US economy just announced very ugly retail sales data & manufacturing yesterday...

All Big Bank in US also reported profit plummeted by 40% ~ 50%...

Be more alert now current trading level...........

Posted by NancyDrewWhite > 2020-04-16 13:58 | Report Abuse

Ageson train is going to move soon, buy and wait for it! Bull stock Ageson is raging soon!

Posted by stockhunter888 > 2020-04-16 17:37 | Report Abuse

slow stock,.other counter have move ..this have to wait longer

Posted by ahfad > 2020-04-16 18:10 | Report Abuse

Not so long. Will move sonner. Just prepare your tickets

Posted by stockjobber > 2020-04-17 11:19 | Report Abuse

Looks like its willing to move now...the real play is in PA; if mother doubles to .16, the PA might be .05, that is 500% increase !!

Posted by ahfad > 2020-04-17 11:49 | Report Abuse

Tell you. Dnex I told goes huat, ageson too. Next counter I'll tell after this

Posted by char1234 > 2020-04-17 12:50 | Report Abuse

moving now ...for a day as it's a Spike

Posted by 128Huat > 2020-04-17 13:43 | Report Abuse

SGD 107 million contract!!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3044574

Posted by ahfad > 2020-04-17 13:49 | Report Abuse

Wow

Posted by Larrie Chew > 2020-04-17 14:25 | Report Abuse

OH where is that 2 big cow manure fly who likes to lie, olga and wow123? smack dirty flies

Posted by Larrie Chew > 2020-04-17 14:26 | Report Abuse

see his post

stockhunter888 slow stock,.other counter have move ..this have to wait longer
16/04/2020 5:37 PM

Posted by Larrie Chew > 2020-04-17 14:28 | Report Abuse

And compare to this post, you guys knows how to differentiate who is right and who is the big liar!

NancyDrewWhite Ageson train is going to move soon, buy and wait for it! Bull stock Ageson is raging soon!
16/04/2020 1:58 PM

Posted by Larrie Chew > 2020-04-17 14:29 | Report Abuse

see today price from 0.075 shoots up to 0.105! Olga and wow123 you 2 big fat liar,still hiding in cow manure is it? come out to play.......

Posted by O'Brian > 2020-04-17 14:31 | Report Abuse

Ha ha, Larrie Chew chill out! buzzz buzz oh smack, i just smack an olga fly

Posted by Larrie Chew > 2020-04-17 14:32 | Report Abuse

lol, smack... i just smack wow123 fly also, omg. dirty my hands!

Posted by UraniumKing68 > 2020-04-17 14:34 | Report Abuse

Ramadan bazaar traders want their money back

KUALA LUMPUR (April 17): Many traders who have set up Ramadan bazaar stalls for years will have to miss out this year as the government has decided to ban the operation of Ramadan bazaars in a bid to contain the Covid-19 pandemic,

The report said Federal Territories Minister Annuar Musa has since said on a Facebook livestream that the rental payment for booths at Ramadan bazaars will be carried forward to next year.....

Posted by UraniumKing68 > 2020-04-17 14:34 | Report Abuse

Many Ramadan bazaar traders will cry

Posted by ViVaFoReVeRLOVE > 2020-04-17 14:35 | Report Abuse

BUT We cannot become a developed country if we block our busy roads for cheap stalls to be erected for one month every year. Ramadan bazaars should be located in allocated public places outside shopping areas outside city centres without at all obstructing any road.

Posted by NancyDrewWhite > 2020-04-17 14:37 | Report Abuse

Yeah agree, many will cry this covid19 pandemic year......

Posted by DatoSeriJohnnyWalker > 2020-04-17 14:38 | Report Abuse

The nonsense of illegitimates. The deposits probably were not collected by DBKL but 3rd parties.

Posted by GodOfWar > 2020-04-17 14:39 | Report Abuse

sure bo datoserijohnnywalker?

Posted by BABIKING > 2020-04-17 14:40 | Report Abuse

Payments made are to be carried forward to next year.... what a joke! Why can't these payments be refunded? curious

Posted by Goodprofit > 2020-04-17 14:40 | Report Abuse

stuck @ 105 can't run

Posted by BABIKING > 2020-04-17 14:41 | Report Abuse

Similar to the Gst thingy!

Posted by Goodprofit > 2020-04-17 14:41 | Report Abuse

PA also stuck@1.5 sen

Posted by DatoSeriJohnnyWalker > 2020-04-17 14:42 | Report Abuse

A bo then god of war?!

Posted by DatoSeriJohnnyWalker > 2020-04-17 14:42 | Report Abuse

Better get back your money this year.... refund..
Its not about a trust thing .

Posted by GodOfWar > 2020-04-17 14:45 | Report Abuse

(123WOW123wow) if rm2k per stall x 100 stall means 200k ... .. Ezy money .... or... if spent good luck next year!

Posted by KennyDowJones > 2020-04-17 14:47 | Report Abuse

Too bad, the money has went to the malay middlemen who are politicians, those who approved and the landlord minister. Cannot blame DAP now.BUT Can still blame Anwar :p

Posted by Umbrella Corp > 2020-04-17 14:49 | Report Abuse

Which Anwar, KennyDowJones? so many Anwar lately.....is it that one Budu Anwar ?hehe

Posted by YoungTycoonWILL > 2020-04-17 14:52 | Report Abuse

Give them back their money including money paid under the table if any but let them keep their permit. Show some generosity for a change as these people may have already invested money they they could not recoup due to the MCO. Squeezing people while they are down shows that you have no sympathy nor compassion.

Posted by YoungTycoonWILL > 2020-04-17 14:52 | Report Abuse

Remember, At this juncture the stall holders need the money to tie over their household expenses.with no income forthcoming.

Posted by YoungTycoonWILL > 2020-04-17 14:53 | Report Abuse

Do not just simply pandai2 make no refund!

Posted by Printing U.S Dollar Dollar Dollar > 2020-04-17 15:03 | Report Abuse

Yes guys. In the end, the money was the stumbling block in deciding the status of Ramadan Bazaars amid pandemic and its consequent human miseries.
None of these monies would have been given to the respective government bodies to have eligible for the refund.

These politicians know by one year’s time someone else would be running the show. The cronies of them would appear in new faces resulting in the low-income earners losing their hard-earned monies.

These political elites have no regard for human miseries and hardship. They only care about their greed and egos. Nothing else is matter to them.

Posted by KennyDowJones > 2020-04-17 15:07 | Report Abuse

Umbrella Corp, its jail bird an hwa!

Posted by KennyDowJones > 2020-04-17 15:07 | Report Abuse

If A government that does not return the money has no moral right to coin phrases like Makcik Kiah or instruct airlines to refund passengers

Posted by Umbrella Corp > 2020-04-17 15:08 | Report Abuse

hahaha jail bird an hwa! wah lao eh

Posted by Umbrella Corp > 2020-04-17 15:09 | Report Abuse

Sad case....seems a gone case especially thru middle man ! ha ha

Posted by stockjobber > 2020-04-17 15:09 | Report Abuse

SGD107m (RM330m) for 3 years, average RM110m per year, 51% stake translates into 56m per year, considered very large amount for small company like Ages

Posted by BlackWhite > 2020-04-17 15:10 | Report Abuse

Why jump 33%, speculative or something material.

Posted by 靓女 phoon phoon > 2020-04-17 15:11 | Report Abuse

No wonder they wanted so much to have the bazaar
Already collected the fees
Please refund in full and without further delay
Don’t be like AIR ASIA

Posted by JessicaTan > 2020-04-17 15:12 | Report Abuse

靓女 phoon phoon, But after the worst is over people still want to fly with AIR ASIA.
They have no choice. Likewise people will still want to trade in Ramadhan Bazaars with DBKL sanctioned areas year in and year out as they have no choice.

Posted by 靓女 phoon phoon > 2020-04-17 15:14 | Report Abuse

JessicaTan, no wonder he is so adamant to proceed with the pasar.... now we know the real reason

Posted by 靓女 phoon phoon > 2020-04-17 15:14 | Report Abuse

DBKL should refund the money collected to the traders. Most of them have lost their income due to the MCO.Since most of them are facing financial difficulties, why not DBKL practice fairness and just return the money which is rightfully theirs?