Suria Capital appeals for 15%-20% cargo tariff increase

TheEdge Thu, Sep 05, 2019 06:18pm - 4 years View Original


KUALA LUMPUR (Sept 5): Suria Capital Holdings Bhd, owner of Sabah Ports Sdn Bhd, has appealed to the Sabah state government to increase cargo tariffs by 15% to 20% at its seven ports in the state.

Its chief financial officer Noorida Baharuddin said the company submitted the application to the state government last month and hopes they would consider the matter.

“In the privatisation agreement, there is a provision that allows us to apply for a revision, after five years into the concession period.

“We will be advised on when it will be presented to state cabinet. We are hoping it will happen soon,” she told reporters here today.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

SURIA 2.200

Comments

Login to comment.