Agreement with Spanco still in force, says Finance Ministry

KUALA LUMPUR: The agreement with Spanco - the company handling the procurement and management of the government’s fleet of vehicles - is still in force, says the Finance Ministry.

In a parliamentary written reply dated March 12, the Finance Ministry said that the government always ensures that Spanco's procurement contract for supplying, maintaining, and managing the fleet of government vehicles is carried out according to requirements, as well as complies with procurement procedures and undergoes all necessary due diligence.

"As of now, the contract is still in force based on the terms agreed upon between the government and Spanco," said the ministry in reply to a question from Lim Lip Eng . Lim had asked the Finance Ministry whether the contract with Spanco was not beneficial to the country and if termination was warranted in the event that it was detrimental.When the contract ended in 2019, an open tender was launched, and a letter of intent was awarded to a consortium formed by Berjaya Group and Naza Sdn Bhd.Spanco is currently being investigated by the Malaysian Anti-Corruption Commission as to why it was given the job of managing the government’s vehicles.

In January, MACC chief Tan Sri Azam Baki said a former finance minister, a Tan Sri businessman and key government officials were among a long list of individuals to be called in the probe into alleged graft involving the procurement and management of the government's fleet of vehicles worth RM4.5bil.CSM improves lab facilities to boost cybersecurity

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ministry of Finance: TCM practitioners exempted from 8pc service taxPUTRAJAYA, Feb 19 — Traditional and complementary medicine (TCM) practitioners who are registered under the T&CM Act 2016 [Act 775] will be exempted from the eight per cent...
La source: malaymail - 🏆 1. / 86 Lire la suite »

Sales and services tax hike not expected to cause sharp price increases, says Finance MinistryThe sales and services tax (SST) hike is not expected to cause sharp price increases that would lead to an economic shock, says the Finance Ministry. The statement also noted the 2% increase would affect discretionary activities and business-to-business services, while key essential services such as food and beverage, telecommunications, parking and logistics are exempt. Meanwhile starting March 1, electricity users over 600kWh will be affected by the sales and services tax (SST) hike from 6% to 8% among other services. The increased SST is set to generate an additional RM3bil revenue, said the Finance Ministry.
La source: staronline - 🏆 4. / 75 Lire la suite »

Finance Ministry's Fiscal Survey book shows GST a better system than SST, says Dr WeeLAWYER Khaliq Mehtab Mohd Ishaq confessed to being quite taken aback by the green wave that marked the 2022 general election.
La source: staronline - 🏆 4. / 75 Lire la suite »

Adopt 'Malaysia First' attitude to strengthen ringgit, says Finance Ministry(Reuters) - Fenerbahce will consider withdrawing from the Turkish top flight after some of their players were attacked by Trabzonspor fans following their weekend away win, the Super Lig club said on Monday.
La source: staronline - 🏆 4. / 75 Lire la suite »

Finance Ministry: Ringgit's decline driven by stronger US dollar, China uncertainty(Reuters) - Fenerbahce will consider withdrawing from the Turkish top flight after some of their players were attacked by Trabzonspor fans following their weekend away win, the Super Lig club said on Monday.
La source: staronline - 🏆 4. / 75 Lire la suite »