News by Tan Xue Ying

The rare earths producer on Monday voiced out frustrations over its failure to secure approvals to boost lanthanide concentrate processing, as well as the politically motivated attacks in Malaysia, according to a news report today.

“Upon successful completion of the project, it will have the capacity to supply 1,000 MLD (million litres per day) water supply and generation of 100 MW (megaWatt) electricity.”

...on the condition that it does not end up raising the cost of living and becoming a burden to Malaysians, according to the MoF.

In contrast, federal government debt as at end-2018 stood at RM741 billion (51.2% of GDP), while committed guarantees added up to RM132.7 billion (9.2% of GDP).

The stronger growth is underpinned by resilient domestic demand, particularly household spending, thanks to stable labour market and low inflation.

The 342-room hotel is part of the mixed-use development Duo and is situated in the Ophir-Rochor corridor in Singapore.

Econpile expects the contract to contribute positively to its revenue and earnings for the financial year ending June 30, 2020.

As such, trading of securities in YTL Land will be suspended by Bursa Securities from next Monday (Oct 14), being the expiry of five market days from the final closing date. 

"Our earlier estimate of the value of ECRL civil works remains intact at between RM22 billion and RM26 billion, being 50-60% of the total project cost of RM44 billion. Based on the 40% portion of civil works for local contractors and after including the 50km spur lines, we arrive at an estimated range of RM9 billion to RM11 billion."

Under the repayment schedule, the next payment is due on Feb 28, 2020, involving an amount of RM37.81 million, it said in a statement today.