So Sime Darby gets govt approval to build a RM1.6 bn LCCT in Labu, Negeri Sembilan. The project will be privately funded (by Sime Darby I guess). I think Sime has a book value of something like RM 18 bn. So I guess it shouldnt be a problem to come up with the cash for this project.
Of course, the taxpayers will have to foot the bill. Details to follow.
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