Equine Capital has informed Bursa Malaysia of the following:
On 22 August, Equine’s associate company, Abad Naluri, the developer of the Penang Global City Centre, received a letter from the Penang Municipal Council (MPPP) dated 18 August 2008 advising the company that its proposed development plans for the Penang Global City Centre Project had been rejected.
Abad [...]
The Penang Global City Centre project may be dead, but what I don’t understand is why there are no calls for a full-scale inquiry into this massive stinking deal.
The Chief Minister has said that the PGCC, in its original inception, is as good as dead. Notice the choice of words. Does that leave some wriggle-room [...]
The Penang Island Municipal Council has formally rejected Abad Naluri’s mixed-development proposal for the Batu Gantung area (the Penang Global City Centre or PGCC project) at the Council’s committee meeting on 6 August.
The grounds for rejection were:
The proposal did not take into consideration the density of Taman Jesselton (6 units/acre), Scotland Road (10.2 units/acre) and [...]
300 acres in Batu Kawan unpaid: Why hasn’t PDC taken back the land?
Address the controversial PGCC/Batu Kawan land deals in your debate
We hope you will address the issues arising from the “mother and father of all questionable land deals” in your debate.
We note with interest your ‘live’ debate tomorrow which will probably touch on several [...]
Key: July prices in red; June prices in violet (Graph courtesy of oilnergy.com)
It looks like the price of oil in Malaysia could be dependent on other factors apart from economic considerations.
Now the PM talks of “streamlining” the oil price from 1 Sept. By also capping the petrol price at the present RM2.70/litre for the rest [...]
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