Saudi women take victory lap as driving ban ends, expected to boost economy
The decision to lift the ban in the kingdom - where once-forbidden cinemas and concerts have also returned - is expected to boost the economy. Saudi stocks rose nearly two percent on Sunday and insurance firms made solid gains, as demand from women is expected to boost the automotive sector.
KUALA LUMPUR (July 19): Council of Eminent Persons (CEP) chairman Tun Daim Zainuddin is in China to try to renegotiate contracts entered into by the previous Barisan Nasional government with Chinese firms, said Tun Dr Mahathir Mohamad.
The Prime Minister said Daim has yet to report back to him on the outcome of his meetings with the Chinese companies.
"What he is trying to do is to try and renegotiate the loans (received from Chinese banks) and the contracts we have given to Chinese companies because we find that they are costly.
KUALA LUMPUR (July 20): Former Prime Minister Datuk Seri Najib Razak is well aware that the actual cost to build the 37km Light Rail Transit Line 3 (LRT3) is RM32 billion as he had been present at relevant meetings to discuss the project, Finance Minister Lim Guan Eng reiterated today.
At a special luncheon event organised by ACCCIM today, Lim said he was told that Najib had attended meetings relating to the construction of LRT3, and that the latter was aware of the actual cost of building the rail link to connect Klang and Bandar Utama.