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1-10 results from 1000 for query «billion»

May 26, 2018 2:00 AM Tun M: Malaysia suffering from financial destruction

PETALING JAYA: Malaysia is suffering from financial destruction, said Prime Minister Tun Dr Mahathir Mohamad, who is working on reducing the national debt to about RM800 billion from the current RM1 trillion. Mahathir told the Voice of America that he is working with Pakatan Harapan to mitigate the financial damage inflicted on the country. The premier 8

May 25, 2018 9:19 AM Tenaga Nasional registers RM2.12b net profit in Q1

PETALING JAYA: Tenaga Nasional Bhd (TNB) reported a net profit of RM2.12 billion for three months ended March 31, 2018. Revenue, meanwhile, stood at RM12.27 billion for the quarter under review. Due to the change in the financial year from August 31 to December 31, its performance of the current period is not comparable against any comparative period 5

May 25, 2018 2:00 AM Justo links Jho Low to 1MDB and PetroSaudi

PETALING JAYA: Billionaire Low Taek Jho, or better known as Jho Low, has been linked to 1MDB and PetroSaudi International, which are intergral parts of the 1MDB scandal. In an exclusive report by The Star, former Petrosaudi International executive Andre Xavier Justo (pix) claimed to have met Low two times to discuss a deal involving 1Malaysia Development 7

May 24, 2018 12:26 PM AirAsia Group Q1 earnings jump 86.62%

PETALING JAYA: AirAsia Group Bhd’s net profit for the first quarter ended March 31, 2018 jumped 86.62% to RM1.09 billion from RM584.25 million a year ago due to growth in the business and a remeasurement gain from the disposal of a subsidiary. AirAsia Group results encompasses Malaysia, Indonesia and Philippine units. In a filing with Bursa Malaysia 5

May 24, 2018 10:41 AM Finance Ministry confirms funds from BNM, Khazanah used to service 1MDB debts

PUTRAJAYA: The Finance Ministry today confirmed that Bank Negara Malaysia (BNM) and Khazanah Nasional Berhad had made payments to the ministry in two separate deals to help service 1Malaysia Development Berhad (1MDB) debt obligations. Finance Minister Lim Guan Eng said the deals amounted to RM3.26 billion, of which RM2.06 billion was raised through the sale of a piece 3

May 24, 2018 5:47 AM MoF asked for repayment of RM1.199b shareholder capital from Khazanah in 2017

PETALING JAYA: Khazanah Nasional Bhd today acknowledged that it had paid RM1.199 billion in shareholder capital to Ministry of Finance (MoF) in August 11, 2017, but explained that it has no control over the use of the funds by the Ministry. In a short statement issued earlier, the country's strategic investment arm stated that it had made a close to RM1.2 billion 3

May 24, 2018 4:39 AM Najib used money raised from Khazanah to pay 1MDB debts: Sources

KUALA LUMPUR: The previous government under Prime Minister Datuk Seri Najib Abdul Razak used money raised from a deal with Khazanah Nasional Berhad to pay for some of the liabilities of state fund 1Malaysia Development Berhad (1MDB), two sources told Reuters. Khazanah paid the government RM1.2 billion in mid-2017 in exchange for redeemable shares that the finance 7

May 24, 2018 3:03 AM BNM maintains that RM2b land transaction was at 'arms-length'

PETALING JAYA: Bank Negara Malaysia (BNM) said the purchase of a 23ha land from the government to develop a Financial Education Hub, was conducted as an 'arms-length' transaction and transacted at fair value as determined by an independent private sector valuer. The central bank said in a statement that it had extended comprehensive information to the anti-graft 3

May 24, 2018 12:07 AM Uber says sales and value revved in first quarter

SAN FRANCISCO: Uber on Wednesday said its revenue revved in the first quarter of this year and that its value climbed to US$62 billion (RM 247.26 billion) in a new funding round. Uber said its net revenue in the quarter was US$2.5 billion (RM 9.97 billion) – up 67% from the same period a year earlier – on sales that climbed 55% to US$11.3 billion (RM 45.06 billion) 6

May 23, 2018 8:37 AM Manchester United named most valuable football team

PARIS: Manchester United may have finished second in the English Premier League this season but the club is top of the table in terms of overall value, according to a report by accounting firm KPMG on Wednesday. The Red Devils' overall value increased five percent compared to 2017 to more than 3.2 billion euros (RM14 billion), beating Real Madrid on 2.9 billion 7