Archive for August 15th, 2007

THE government will step in to rescue troubled companies only if it is in the long-term national interest to do so, a top government official said, amid growing speculation a RM4.6 billion lifeline may have been thrown to the Port Klang Authority's free trade zone project. »

PETALING JAYA (Aug 15, 2007): Public Accounts Committee (PAC) chairman Datuk Shahrir Samad said news reports about the Port Klang Free Zone (PKFZ) has raised serious concerns. Its cost has ballooned from RM2 billion to RM4.6 billion. Dubai-based Jebel Ali Free Zone pulled out of the management of the PKFZ after it fell out with... »