SOME RM6bil in foreign direct investments were lost due to the lack of necessary infrastructure in the country, especially the supply of gas, said Penang Chief Minister Lim Guan Eng. “In Penang, a German company pulled out because there was inadequate gas supply. That lost the state about RM1bil. We’ve also been informed that another RM5bil outside of Penang has been lost due to the same reason,” he said.RM356mil given to revive projects
A TOTAL of RM356.2mil has been given to housing developers to revive abandoned projects, since a rehabilitation fund was formed in 1990. Second Finance Minister Tan Sri Nor Mohamed Yakcop said the funds were used to help financially-troubled housing developers to complete 74 housing projects, involving the construction of 17,730 houses that were earlier abandoned.
Fast-track power plan sought for Sabah
ENERGY, Water and Communications Minister Datuk Shahziman Abu Mansor said the ministry had asked the Cabinet to approve the fast-track power generation plan in Sabah as the state had limited energy capacity. He said the Federal Government had also asked the state government to propose a new place to build a power plant after it rejected a coal power plant in Lahad Datu.
Job agencies must list licence number
MANPOWER recruitment agencies, including those advertising in the Internet, must list their licence certificate number in advertisements. Human Resources Minister Datuk Dr S. Subramaniam said the requirement was required under the Private Job Agencies Act.
PM: Anti-Hopping Law needs study
THE proposal for an Anti-Hopping Law is being studied and has to be discussed in depth to prevent any misunderstanding or suspicion, Prime Minister Datuk Seri Abdullah Ahmad Badawi said in a written reply to Karpal Singh (DAP – Bukit Gelugor).
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