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1-10 results from 1000 for query «khazanah»

July 15, 2018 7:50 AM Not a Renong 2.0, please

PRIME Minister Tun Dr Mahathir Mohamad commanded the support of the majority in forming a new Malaysia. A sizeable number in government-linked companies (GLCs) were and are still with the 93-year-old prime minister in his mission to reform the government and reduce excesses. But his plan to change the way some GLCs and their parent company work would 4

July 9, 2018 7:41 AM The PH Government’s new plans for Khazanah Nasional will open the doors for a return to piratisation and crony capitalism

Last Friday, Prime Minister Tun Mahathir claimed that national sovereign fund Khazanah Nasional had deviated from its original objective of helping the Bumiputera. Tun Mahathir now wants Khazanah Nasional to eventually hand-over its profitable assets to certain Bumiputera individuals. When the transformation program was launched a decade ago, the past BN government 12

July 6, 2018 8:49 AM MTDC preparing undergrads for Industry 4.0

BANGI: How does a new graduate adjust to technology rapidly changing the way we do things, jobs experiencing major transformations and the Fourth Industrial Revolution (Industry 4.0) which calls for new abilities? In a step towards helping them overcome these challenges, the Malaysian Technology Development Corporation (MTDC) and Ministry of Education 7

July 6, 2018 6:47 AM Return to 'core purpose', PM tells Khazanah

KUALA LUMPUR: Khazanah Nasional Bhd, the country's sovereign wealth fund, should go back to one of its core purposes of helping the Bumiputras, Prime Minister Tun Dr Mahathir Mohamad said. He said the fund was initially formed to buy shares allocated to the Bumiputras, who would normally buy shares and sell them to others immediately. "So to stop them from doing 14

June 9, 2018 2:24 PM Who will declare Malaysia as bankrupt?

Tun Mahathir said today that Malaysia could be declared as bankrupt as our national debt is at critical state. How true is this and who will declare us as bankrupt? 1. Our national debt remains at RM680 billion – not RM1 trillion. The RM1 trillion includes contingent liability of RM200b and another RM150b of committed lease payments – both of which is never 16

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 6

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 9

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 12

April 17, 2018 5:37 AM Khazanah announces changes to senior leadership team

KUALA LUMPUR, April 17 — Khazanah Nasional Bhd today announced new appointments and changes to its senior leadership team. In a statement, the fund said, Amran Hafiz Affifudin, Director, Investments was promoted to Executive Director, Investments and Bryan Lim, Director, Investments, was promoted Executive Director, Investments. “Lim will continue in his current 8

April 12, 2018 11:27 AM Pos Malaysia appoints Mohammad Zainal as chairman

KUALA LUMPUR: Pos Malaysia Bhd has appointed Datuk Mohammad Zainal Shaari as chairman, effective April 13. In a filing to Bursa Malaysia, Pos Malaysia said Mohammad Zainal is currently the group managing director of Tradewinds (M) Bhd, a position he has held since June 2014. He was also previously, the executive director / chief operating officer of Khazanah 7