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1-10 results from 1000 for query «budget»

July 10, 2018 3:57 PM Finance Ministry wants cost of LRT3 to be reduced by 'much more than RM6 billion'

PETALING JAYA: The Finance Ministry said it will not support additional funding for the 37km Light Rail Transit Line 3 (LRT3) unless Prasarana Malaysia Bhd cuts the cost of the project which, it is forecast, could soar to as high as RM31.45 billion. According to previous news reports, the cost of LRT3 was to have been capped at RM9 billion. On March 8

June 27, 2018 2:52 AM Third Sepang airport dashed by BN’s GE14 defeat?

PETALING JAYA: An Umno politician's grand plan to build a third airport in Sepang was dashed by the defeat of Barisan Nasional (BN) in the 14th General Election (GE14). The politician was described as a "close confidante" of Datin Seri Rosmah Mansor, wife of the embattled former prime minister Datuk Seri Najib Abdul Razak, by a news portal today 7

June 21, 2018 3:58 AM Mavcom ensures passenger/consumer protection, says chairman

KUALA LUMPUR: In the face of criticisms against the Malaysian Aviation Commission (Mavcom), its executive chairman says the airline and airport industry regulator is more focused on passenger/consumer protection. Tan Sri Abdullah Ahmad, a retired Air Force general, said that since its formation two years ago, Mavcom had received over 3,900 public complaints 7

June 19, 2018 1:11 PM Guan Eng defends decision to publicise financial scandals

PETALING JAYA: Finance Minister Lim Guan Eng defended himself against criticism from PKR de facto leader Datuk Seri Anwar Ibrahim today by saying that his publicising of all the previous administration's financial scandals was carried out on the instruction of Prime Minister Tun Dr Mahathir Mohamad, and were not borne out of his own action. Lim was responding 6

June 13, 2018 7:27 AM Australia agrees Solomons internet cable after China concern

SYDNEY: Australia will help fund and build an undersea communications cable to the Solomon Islands, it was agreed Wednesday after the Pacific nation was convinced to drop a contract with Chinese company Huawei. The impoverished country and Huawei inked a deal in late 2016 to construct the fibre-optic cable from Australia to Honiara to improve its often 13

June 7, 2018 10:37 AM States to get a total of RM8.16b in federal allocation this year

PUTRAJAYA: All states in the country will be receiving a total of RM8.16 billion in federal allocation for this year, with the annual allocation to be continued as usual. According to the Finance Ministry, the National Finance Council has agreed that the federal government will be providing contributions to the respective State Reserve Fund (KWRN) for the year 2020 at RM430 million 5

June 5, 2018 12:19 PM Spain's ousted PM Rajoy to quit as conservative party leader

MADRID: Mariano Rajoy, a major figure of Spanish politics over the past 14 years, announced Tuesday he will quit as head of the conservative Popular Party (PP) after being ousted as prime minister last week. "I think the time has come to put a final full stop to this period. The PP must keep advancing and building its history at the service of Spaniards 9

June 2, 2018 6:02 AM Sanchez to be sworn in as new Spanish PM

MADRID: Spanish Socialist leader Pedro Sanchez will be sworn in as prime minister on Saturday, a day after ousting Mariano Rajoy in a no-confidence vote in parliament sparked by fury over his party's corruption woes. Sanchez, a 46-year-old economist with no government experience, will take the oath of office at 11:00 am (0900 GMT) before King Felipe 5

June 1, 2018 3:45 AM Several RMAF plans on hold due to budget constraint

SHAH ALAM: The Royal Malaysian Air Force (RMAF) has been forced to put on hold several of its plans concerning military assets due to government budget constraints and pending approval, according to its chief Gen Tan Sri Affendi Buang. This includes the purchase of four maritime patrol aircrafts (MPA), the seeking of new multi-role combat aircrafts (MRCA) 7

May 31, 2018 8:50 AM Malaysia will meet budget deficit 2.8% with rationalised expenditure and optimised revenue

PUTRAJAYA: Malaysia will meet its projected budget deficit of 2.8% this year with a rationalised expenditure and optimised revenue, said Finance Minister Lim Guan Eng. "As part of the reallocation of expenditure priorities, the new federal government will review, defer and renegotiate at least RM10 billion worth of identified high-priced projects," he told reporters 6