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KUALA LUMPUR: The protracted dispute between the MMC Corporation-Gamuda joint venture and Wayss & Freytag (Malaysia) Sdn Bhd, dating back to 2008 over the SMART Tunnel project has been settled.
PETALING JAYA: Gamuda Bhd and MMC Corp Bhd have announced that their equal joint-venture (JV) entity – MMC Engineering Group Bhd, Gamuda Bhd – has decided to settle the protracted dispute with a contractor of the SMART tunnel project, Wayss & Freytag (M) Sdn Bhd.
BEIJING/WASHINGTON: China and the United States both have the "ability and wisdom" to reach a trade deal that is good for both, the Chinese government's top diplomat said, as U.S. President Donald Trump said he thought recent talks in Beijing would be successful.
Beijing wants to appear willing to negotiate but also thinks it can extract better terms by not hurrying into concessions
THE Government could very well make good on its warning of intervening in the dispute over the ownership of a 15.8% strategic block in DRB-HICOM Bhd given that Tan Sri Syed Mokhtar Albukhary and the Tan Sri SM Nasimuddin SM Amin-led consortium are unable to settle the matter, analysts said.
PETALING JAYA: Scomi Engineering Bhd would take all efforts to ensure the remaining seven four-car trains are delivered to Prasarana Malaysia Bhd on schedule after the dispute between both parties were recently ironed out with the signing of a third supplemental agreement for the RM494mil expansion of the KL Monorail project.
CELCOM (M) Bhd is due soon to go before its shareholders to seek approval of its proposed acquisition of TM Cellular Sdn Bhd. Yet, the uncertainty caused by its differences with German minority shareholder Deutsche Telekom has undoubtedly cast a pall over the deal.
PANAMA CITY: The Panama Canal Authority said on Wednesday that an arbitration tribunal has ordered the construction consortium behind the waterway's expansion to pay back nearly US$848mil to the canal authority.
NEW YORK: U.S. stock indexes closed lower while the dollar edged higher on Monday, as investors appeared to need some convincing the United States and China would reach a trade agreement and weaker-than-expected construction data did not help their mood.