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31-40 results from 257 for query «mof»

May 9, 2017 11:29 PM Mystery gov't entity bought part of TRX land from 1MDB

A government-linked entity bought part of the 70-acre Tun Razak Exchange (TRX) land, which the government had first sold to 1MDB at a nominal sum. The whole of the Tun Razak Exchange, under TRX City Sdn Bhd, has since been transferred from 1MDB to the Minister of Finance Incorporated (MOF Inc), effective March 31. The purchase was revealed by the Finance 9

May 9, 2017 4:32 AM Explain conflict of interest in Arul's removal, Pua urges MOF

The Finance Ministry must come clean on 1MDB president Arul Kanda Kandasamy’s sudden removal from key positions in Bandar Malaysia Sdn Bhd and TRX City Sdn Bhd, said a DAP leader. Party’s national publicity secretary Tony Pua said Arul Kanda’s removal from the two entities was “a big, big thing”. The Petaling Jaya Utara MP questioned the removal, saying 12

May 8, 2017 12:46 PM Arul Kanda will accept Bandar Malaysia, TRX boards’ decision

But the 1MDB CEO says he has not received any notification of his removal as a board member of both companies. PETALING JAYA: 1MDB’s CEO Arul Kanda Kandasamy said he has not received any official notification of his dismissal from the Bandar Malaysia Sdn Bhd and Tun Razak Exchange (TRX) company boards. However, he said decisions regarding board directors 21

May 4, 2017 11:04 AM KLCI closes near 2 week low as banks sold, Ekovest down

KUALA LUMPUR: Blue chips stayed in the red throughout Thursday as investor sentiment was dampened by the recent batch of negative news while Ekovest fell on worries from the fallout linked to the Bandar Malaysia deal. The FBM KLCI closed down 13.84 points or 0.78% to 1,758.67 – the lowest since April 24. The broader market displayed the worried sentiment 64

May 1, 2017 9:56 AM MoF allocates RM50m to build 12 artificial football fields

KOTA BARU: The Ministry of Finance (MOF) has allocated RM50 million to build 12 artificial football fields nationwide since 2012. Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah said it was a special project to assist the Youth and Sports Ministry under the 10th Malaysia Plan (10MP) to encourage the people to practise a healthy lifestyle 11

April 26, 2017 5:18 AM What does the USD1.2 billion promise to pay IPIC means?

Together with other Malaysians, I read the short statement by 1MDB on its settlement with IPIC. It is short one. Despite that, we know how crooked Najib and his government are. We who learn statistics in economics, were told, something like this is like a bikini. What it reveals is suggestive, but what it hides is vital. The vital information is still 52

April 24, 2017 2:19 PM Malaysia reaches $1.2 bln Abu Dhabi deal in 1MDB clear up

* 1MDB has agreed to pay $1.2 bln to Abu Dhabi's IPIC * 1MDB & Malaysia's MoF to make payments on two bonds * Deal bolsters PM Najib ahead of polls * Moody's analyst says "contingent risks" remain (Recasts, adds background and analyst comment) By Praveen Menon and Stanley CarvalhoKUALA LUMPUR/ABU DHABI, April 24 (Reuters) - Malaysia moved closer to clearing 14

April 17, 2017 1:40 AM Japan Finance Minister Aso, US Treasury Secretary Mnuchin to meet Thursday: Ministry of Finance

TOKYO: Japanese Finance Minister Taro Aso and U.S. Treasury Secretary Steve Mnuchin will hold a bilateral meeting on Thursday on the sidelines of the Group of 20 finance leaders' gathering in Washington D.C., Japan's Ministry of Finance said on Monday. Aso will also meet with French Finance Minister Michel Sapin on Friday, the MOF said. The meeting between 8

April 3, 2017 2:59 AM 880,000 HDB households to get GST vouchers to offset utilities bills

Those living in one- and two-room HDB flats are able to offset an average of three to four months of utilities bills annually with their U-save vouchers, while those living in three- and four-room HDB flats can offset about one to two months, says the Ministry of Finance. SINGAPORE: About 880,000 Singaporean HDB households will receive the next installment 10

March 30, 2017 8:49 AM 1MDB has no bank loans or short-term debt, says MoF

KUALA LUMPUR: The Ministry of Finance (MoF) says 1Malaysia Development Bhd (1MDB) does not have any bank loans or short-term loans currently. In a written reply at the Dewan Rakyat sitting on Thursday, MoF said 1MDB had fully settled all its debts in 2015 and 2016. "1MDB had received RM10.97 billion in cash in 2015 and 2016 through the sale of assets 11