Malaysia 1MDB fund settles all debts: MoF
Malaysia’s the Ministry of Finance (MoF) has said that 1Malaysia Development Bhd (1MDB) does not have any bank loans or short-term loans currently.
Illustrative image (Source: thestar.com.my)Kuala Lumpur (VNA) – Malaysia’s the Ministry of Finance (MoF) has
said that 1Malaysia Development Bhd (1MDB) does not have any bank loans or
short-term loans currently.
In a written reply at the Dewan Rakyat (Lower House) sitting on March 29, the ministry said 1MDB had fully settled all its debts in 2015 and 2016.
"1MDB had received 10.97 billion ringgits in cash in 2015 and 2016 through the sale of assets of Edra Global Energy Sdn Bhd, sale of equity in Bandar Malaysia Sdn Bhd and sale of land in the Tun Razak Exchange project," The Star newspaper quoted the source as saying.
According to the ministry, there were no new assets acquired in the country and overseas in 2015 and 2016.-VNA
In a written reply at the Dewan Rakyat (Lower House) sitting on March 29, the ministry said 1MDB had fully settled all its debts in 2015 and 2016.
"1MDB had received 10.97 billion ringgits in cash in 2015 and 2016 through the sale of assets of Edra Global Energy Sdn Bhd, sale of equity in Bandar Malaysia Sdn Bhd and sale of land in the Tun Razak Exchange project," The Star newspaper quoted the source as saying.
According to the ministry, there were no new assets acquired in the country and overseas in 2015 and 2016.-VNA
You should also see
PM attends ceremony to start work on Him Lam resistance centre renovation project
Prime Minister Pham Minh Chinh on April 17 attended a ceremony to start work on a project to renovate Him Lam resistance centre, a part of the Dien Bien Phu complex of fortifications in the northern mountainous province of Dien Bien.
See more
ASEAN
Malaysia issues heatwave alert for 14 areas
The Malaysian Meteorological Department (MetMalaysia) has issued hot weather warnings for 14 areas across the country, particularly in the states of Perlis, Kedah, Kelantan, Sarawak and Sabah.
World
China, Thailand forge alliance for moon exploration
China and Thailand have inked preliminary agreements to collaborate on the peaceful exploration and use of space, as well as on the development of international lunar research stations.
World
MICHELIN Guide Thailand expands to Chon Buri
The Tourism Authority of Thailand (TAT) has announced an exciting expansion for the MICHELIN Guide Thailand 2025, which will now include Chon Buri province.
World
Malaysian airlines to charge carbon levy soon
Malaysia is gearing up for greener skies once the carbon levy collection by the airlines comes into effect as soon as the Malaysian Aviation Commission (MAVCOM) makes the necessary review, according to Assoc Prof Major Dr Mohd Harridon Mohamed Suffian, an aviation and aerospace expert.
ASEAN
India boosts maritime cooperation with ASEAN member states
Indian Coast Guard (ICG)’s Pollution Control Vessel (PCV) Samudra Paheredar arrived at Muara, Brunei, on April 9 as part of its ongoing overseas deployment to ASEAN countries.
