Archive for June, 2008
The Federal Government has agreed to revert the management of the five per cent oil royalty back to the state government.
The payment of oil royalty to the state stopped in 2000 when the opposition took control of the Terengganu.
Prime Minister Datuk Seri Abdullah Ahmad Badawi made the much-awaited announcement after a closed-door meeting with state Umno leaders and high-ranking Government officers at a hotel in Kuala Terengganu.
The handing over of the royalty will be done once a detailed summary on the matter, including the procedures of how the royalty should be channelled to the state’s coffer, is done.
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Popularity: 4% [?]
Selangor residents will get to enjoy the first 20 cubic metres of water free after all from June now that the state government has agreed to conditions set by water concessionaire Syarikat Bekalan Air Selangor Sdn Bhd (Syabas). State investment arm Kumpulan Darul Ehsan Bhd (KDEB) and Syabas have sealed the deal.
This will require KDEB to compensate Syabas RM1.8mil a month for the 1.1 million consumers to get that free water.
KDEB owns 30% of Syabas which has a 30-year concession to distribute water to consumers in Selangor and the Federal Territories of Kuala Lumpur and Putrajaya.
KDEB president Datuk Abdul Karim Munisar, Syabas chief executive officer Datuk Ruslan Hassan and Abdul Khalid, Selangor Mentri Besar held a discussion where the terms and conditions were resolved.
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Popularity: 4% [?]
The new price of premium leaded petrol (ULG 97) is RM2.70 per litre beginning 5 June 2008. The price for ULG 92 petrol per litre went up by 74 sen to RM2.62. Diesel will go up by RM1 per litre to RM2.58. The 78 sen hike or 40 per cent increase for the ULG 97 petrol is still below the antiticpated RM4 per litre price projected earlier and among the cheapest in Asia.
The announcement was made by Prime Minister Datuk Seri Abdullah Ahmad Badawi at a news conference.
A RM625 annual cash rebate per vehicle, for owners of private vehicles with engine capacities of up to 2,000cc, as well as pickup trucks and jeeps with engine capacities of up to 2,500cc. Owners of private motorcycles with engine capacities of up to 250cc will receive RM150.
Payment will be made via Money Order upon renewal of road tax, from July 1.
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Popularity: 7% [?]
