Mahathir says will raise ‘unfair’ contracts in visit to China
Mahathir says will raise ‘unfair’ contracts in visit to China
Dr M says saddened by Saudi Arabia’s refusal to clarify RM2.6b ‘donation’
07 July, 2018, 04:37
It says the decision was not targeted at any country.
Financial news outlet The Edge first reported the halt in the project, referring to a letter sent from Malaysia Rail Link Sdn Bhd (MRL) to China Communications Construction Company Limited (CCCC) that cited grounds of "national interest" among other reasons.
The suspension came just a day after Malaysia Finance Minister Lim Guan Eng called for a sharp price reduction to the 428-mile East Coast Rail Link, after discovering that the project's actual cost is $20 billion (81 billion ringgit), almost 50 percent higher than what was estimated by the previous government.
The ministry official, who declined to be identified, said Malaysia was seeking Chinese government cooperation with the investigation into the loan and exploring whether funds invested in the pipeline projects could be recouped.
Representational image of a Belt and Road Forum in Beijing.
Malaysian Finance Minister Mr Lim Guan Eng said the project's final estimated cost had risen to Dollars 20 billion, which is around 50% higher than that estimated by the previous government of Prime Minister Najib Razak, and includes land acquisition, interest, fees and other operational costs. The rail line was to stretch 688 km (430 miles) and join the two coasts of Peninsular Malaysia at a cost of 55 billion ringgit ($13.5 billion).
The new Malaysian government, led by Mahathir Mohamad, has disclosed in recent weeks how the Najib administration used federal agencies and government money to bail out debt-ridden 1MDB, which is being investigated in at least six countries.
The loan was given to Suria Strategic Energy Resources (SSER), a subsidiary of the Malaysian finance ministry which oversees the two pipelines.
"We respect and comply with Malaysian laws".
Mr. Najib had been defeated in the May 9 elections and was charged with corruption over the 1MDB (1Malaysia Development Berhad) fund on July 4, 2018. "While the duration of the suspension has not been specified, we are concerned about incurring additional cost, losses and damages arising from the suspension".
CCCC said it hoped both sides can find a win-win solution through negotiations and that the suspension will be lifted soon.
In May, he postponed plans to build a high-speed rail link between Singapore and Malaysia, which had been agreed on several years ago, saying it was expensive. Last month, Eng announced he had asked the Malaysian Anti-Corruption Commission to probe a "highly suspicious" payment of US $2 billion made to China Petroleum when only 15 percent of its work on the two pipelines was complete.
France sent Argentina and Lionel Messi home, Uruguay had another brilliant display as they saw off Cristiano Ronaldo-led-Portugal. There are clear frontrunners but as I said before, this World Cup continues to surprise everyone who is watching it.
Polish Foreign Minister Jacek Czaputowicz said the law was binding and "for the time being our stance is that we are right". The law is forcing the chief justice and as many as one-third of the court's sitting judges to step down.
The government says the reunification process is going faster for parents now in ICE custody than those who have been released. They will need more time to collect DNA samples or other evidence from parents who have been released from government custody.
The ban applies to its subsidiaries Micron Semiconductor (Xi'an) Co Ltd and Micron Semiconductor (Shanghai) Co Ltd. European shares are broadly higher Wednesday, but they are losing some ground as trade tensions continue to simmer.
Home Secretary Sajid Javid will chair a meeting of the Government's Cobra emergencies committee on Thursday, Downing Street said. Prime Minister Theresa May blamed Russian Federation for the nerve agent assault against the Skripals.
According to the report, the forthcoming affordable 6.1-inch LCD iPhone will be available in grey, white, blue, red, and orange. And if you ask me, based on the mock created by 9to5Mac (shown above), the iPhone's new paint jobs would look pretty good.
In a Sunday interview with Fox News, President Trump said North Korea is (quote) "very serious" about denuclearization. North Korean leader Kim Jong Un, a noted basketball fan, didn't appear at the gymnasium on Wednesday.
In a second tweet , Teigen wrote: "And why would you have to toss it? where is he going with this? his brain is eating itself". Bob Corker during a Senate Armed Services Committee hearing on nominations in the Hart Building, Feb. 8, 2018, in Washington.
In 2013, Peabody Award judges honoured Bourdain and " Parts Unknown " for "expanding our palates and horizons in equal measure". He began dating actress Asia Argento in early 2017 and publicly supported Argento after she accused Harvey Weinstein of rape .
They say, quote, "abolishing ICE without changing President Trump's disastrous immigration policy will not solve the problem". ICE was created in 2003 as part of a federal government reorganization following the September 11, 2001 terrorist attacks.
I also think it's healthy in a way for me to do what I need to do, be that working mum, then go back home and be the mum". She slid feet-first into the net and stayed down for a bit before being checked on, but she continued to play.
Trump To OPEC: 'Reduce Pricing Now!'
It seems his earlier hope that Saudi Arabia would increase its output by 2 million barrels a day were dashed. President Donald Trump used Twitter on Wednesday (July 4) to express his frustration with high U.S.
Category 1 Beryl becomes first hurricane of Atlantic season
Around the time it is expected to strengthen into a Category 1 hurricane, the system is likely to begin moving northeastward. The National Hurricane Center is giving this system an 80 percent chance for development through the weekend.
Trump's Trade War Against China Is Officially Underway
Chinese companies and investors girded for the worst, while economists cautioned any impact on the economy would be minimal. That was system that small countries like New Zealand relied to resolve issues of trade conflict.
Wimbledon: Federer Extends Winning Streak
The 23-time major victor will next face France's Kristina Mladenovic or Germany's Tatjana Maria for a place in the last 16. Romanian 29th seed Mihaela Buzarnescu thrashed British teenager Katie Swan, 6-0, 6-3 to extend her remarkable renaissance.
Angry Trump Baby blimp to fly over parliament during visit
The President and the First Lady will then spend the night at Winfield House , the US ambassador's residence in central London . The Royal Regiment of Scotland - homeland of the president's mother - will pipe him out at the end of the dinner.
China: US tariffs will hit intl. supply chains
The motorcycle company announced last month it would move production out of the U.S.to get around the EU's retaliatory tariffs . The president said USA tariffs on an additional $16 billion in Chinese goods are set to take effect in two weeks.
YouTube stars die in 100-foot waterfall plunge
They spent seven days in jail for violating the Yellowstone rules in Wyoming and were banned from United States federal lands. Gamble and Lyakh pleaded guilty to heading off the walkway at the park and onto the Grand Prismatic Spring.
Trump narrows his list for High Court nominee
Trump's choice, if confirmed by the Senate, would replace Kennedy, who last week announced his retirement , effective July 31. Senate Judiciary Committee that he chairs is beefing up staff to help evaluate President Trump's nominee to the U.S.
Tropical Storm Beryl forms east of Lesser Antilles
The National Hurricane Center in Miami say the storm's winds had strengthened to 40 miles per hour (65 kph) by Thursday afternoon. Hurricane Beryl is located about 1140 miles east-southeast of the Lesser Antilles and is moving to the west at 14 mph (22 km/h).