Malaysia Demands US$257 Million from Norwegian Firm Over Axed Missile Deal
Malaysia is seeking RM1.06 billion (US$257 million) from a Norwegian defense firm following the cancellation of a missile deal.
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Malaysia demands US$257 million from Norwegian firm over axed missile deal
Malaysia is seeking compensation of 226 million euros (US$257 million) from a Norwegian defence firm after a deal to deliver a naval missile system was cancelled, despite the Southeast Asian country having paid about 95 per cent of the contract value. The claim comprised 129.86 million euros in direct losses, including payments already made by the government, and 96.26 million euros for additional costs and consequential damages, Defence Minister Mohamed Khaled Nordin told parliament on Frida...
By SCMP’s Asia desk
Read full article →Khaled: Malaysia seeks RM1.06b from Norwegian defence firm over scrapped missile deal
PETALING JAYA, June 26 — Malaysia is seeking €226.13 million (RM1.06 billion) in compensation from Norway&rsq...
By Malay Mail
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