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Zeti: Malaysians Want To See Conclusion To 1MDB Investigations

By Kim Wong / a couple of years ago

PETALING JAYA: Malaysians want to see a conclusion to the 1Malaysia Development Bhd (1MDB) investigations so that the country can deal with other economic issues, said Bank Negara governor Tan Sri Zeti Akhtar Aziz (pic). Zeti, who will be retiring in April, said various authorities were investigating different aspects of the strategic development company. “Everyone […]

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1MDB Focuses On Three Main Aspects

By Kim Wong / a couple of years ago

KUALA LUMPUR: Excerpts of exclusive interview with 1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda. Question: Can you share a little bit more on 1MDB’s rationalisation plan? What is the company’s current liabilities and assets after it sold its 60 per cent stake in Bandar Malaysia? Answer: If we look back at […]

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1MDB Assets To Be Standalone Entities

By Kim Wong / a couple of years ago

KUALA LUMPUR: With the conclusion of its debt rationalisation plan, 1Malaysia Development Bhd (1MDB) can now heave a sigh of relief as it waits for the measures to take effect. With an initial debt amounting to RM42 billion, 1MDB began its six-month debt rationalisation plan in June last year which was expected to conclude by […]

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Bandar Malaysia Stake Buy To Generate Returns To People Of Johor

By Kim Wong / a couple of years ago

JOHOR BAHARU, Jan 3 — The move by the state government to acquire a stake in Bandar Malaysia Sdn Bhd is expected to generate profits that will be used towards enhancing the well-being of the rakyat. Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said entering the shares acquisition tender as a bidder and subsequently […]

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1MDB Rationalisation Plan Completed, Says Arul Kanda

By Kim Wong / a couple of years ago

1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda Kandasamy said today‎ the debt-laden firm has achieved its target of completing its rationalisation plan within six months. The final step of the plan was completed with the execution of the sales and purchase agreement for 1MDB’s 60% stake i‎n Bandar Malaysia Sdn Bhd […]