In the press conference Dr M mentioned that as he had not read the contract,
he was not sure whether the 500 million compensation is in RM (Malaysian
dollar) or SGD ( Singapore dollar)
If compensation is in SGD dollar, the compensation by Malaysia to Singapore
will be huge, when converted to RM.
"kawaga" wrote in message news:peh1qt$2fs$***@dont-email.me...
There is a compensation clause of RM 500 milllion (or SGD 168 million) for
the cancellation of the HSR project by either party.
The latest today's 6 pm of DR M's news conference confirms the speculation
that this HSR will be dropped.
By this official saying, it confirmed speculation, he had made up his mind
two days ago.
This was because two days ago, which on the 26 may, Dr M said Malaysia is
looking at how to cut compensation to Singapore, if the high-speed rail is
dropped.
His statement two days ago was akin to saying he would be looking at how to
cut compensation to Singapore.
Will he be thinking in trying to find a reason to reduce their paying of
compensation to Singapore or even want to escape or what from paying it?
Mahathir confirms Malaysia will scrap KL-Singapore HSR project
Read more at
https://www.channelnewsasia.com/news/singapore/mahathir-mohamad-confirms-malaysia-pulls-out-of-kl-singapore-hsr-10284144
Malaysia to look at ways of reducing costs if HSR is dropped: PM Mahathir
Read more at
https://www.channelnewsasia.com/news/singapore/malaysia-to-look-at-ways-of-reducing-costs-if-hsr-is-dropped-pm-10280900
Malaysia looking at how to cut compensation to Singapore if high-speed rail
dropped: Mahathir
https://www.straitstimes.com/asia/se-asia/malaysia-to-look-at-how-to-lower-compensation-to-singapore-if-hsr-dropped-mahathir
Dr M: Malaysia to look at ways to lower compensation to Singapore if HSR
dropped
Read more at
https://www.thestar.com.my/news/nation/2018/05/26/dr-m-malaysia-to-look-at-how-to-lower-compensation-to-singapore-if-hsr-dropped/#HxQGlbmxU8kcycoo.99
Dr M to look at ways to lower compensation to Singapore if HSR deal scrapped
https://www.malaymail.com/s/1635303/dr-m-to-look-at-ways-to-lower-compensation-to-singapore-if-hsr-deal-scrappe
wrote in message news:dc07f393-8803-46b3-8a92-***@googlegroups.com...
For a project to be abandon midway...can say tat both side will be losing
some million at least
Wat to do..cos SG got a CECB leader wat?
N its not his own pocket money..its sgian money.. So its OK for him..
Actually we sgian still don't understand why ..n knowing tat we were dealing
wit an internationally known corrupted leader tainted wit grand scale
scandals n yet we want to get involved wit this type of leader...knowing tat
a corrupted leader will never able to sit in that hi chair for long..n yet
want to do biz wit him..OMG...!!