Gov’t agrees to implement VOP - Finance Minister II

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Bernama News

Canada Canada Latest News,Canada Canada Headlines

KUANTAN: The government has agreed in principle to implement the Variation of Price (VOP) to help contractors faced with rising costs of construction ...

: The government has agreed in principle to implement the Variation of Price to help contractors faced with rising costs of construction materials due to the recent targeted diesel subsidy to ensure projects are completed on time.

“Discussions have begun... we just had a discussion last week, so give us some time. We understand that when we had the targeted diesel subsidy, there might be some increases felt by contractors for existing costs. On whether the government will include more construction materials for the VOP, he said the government in principle will provide VOP if there are justified increases but it required fine-tuning and validation with the CIDB.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Unity govt never defended parties collaborating with Israeli regime, says finance minister’s pol-secKUALA LUMPUR, June 21 — The unity government has never defended any party that collaborates with the Israeli Zionist regime, political secretary to the finance minister, Muhammad...
Source: malaymail - 🏆 1. / 86 Read more »

Govt mulls Variation of Price mechanism to offset construction material cost surge, says finance minister IIKUANTAN, July 13 — The government has agreed in principle to implement the Variation of Price (VOP) to help contractors faced with rising costs of construction materials due to...
Source: malaymail - 🏆 1. / 86 Read more »

No foreign ownership, govt to retain full control of MAHB, says Finance MinistryMANILA: Senator Imee Marcos warned that 25 areas in the country could be targets of a possible Chinese hypersonic missile attack due to the increase in Enhanced Defense Cooperation Agreement (Edca) sites and the brewing tensions in the West Philippine Sea.
Source: staronline - 🏆 4. / 75 Read more »

Sales of retail diesel in Malaysia sees 30% reduction after subsidy rationalisation: finance minister IIRetail sales of diesel at petrol station in Malaysia has seen a 30% decrease in the first week since the subsidy rationalisation took effect on June 10, reported New Straits Times. This was equal to …
Source: paultan - 🏆 22. / 51 Read more »

Deputy finance minister: BNM may take supervisory actions, impose penalties on banking services outagesKUALA LUMPUR, June 26 — Bank Negara Malaysia (BNM) may take supervisory actions and impose penalties on violations of regulatory provisions under its supervision following the...
Source: malaymail - 🏆 1. / 86 Read more »

Bank Negara has acted promptly to address bank service disruptions, says Deputy Finance MinisterIn the bustling heart of Sungai Besi, KL, this corner lot house with a spacious garden is a calm abode, lovingly furnished with antique furniture and collectibles from all over the world.
Source: staronline - 🏆 4. / 75 Read more »