1Malaysia Development Bhd's unit, Edra Energy (Langat) Sdn Bhd, has fully repaid a RM700 million Syndicated Term Loan Facility to a consortium of domestic banks, as per the terms of the loan agreement.
This debt repayment and overall debt reduction is a tangible result of 1MDBs successful rationalisation plan, 1MDB said in a statement today.
The loan was first drawn in 2012 to partially finance 1MDBs acquisition of its energy assets.
Bernama
Fri Mar 25 2016
The loan was first drawn in 2012 to partially finance 1MDB's acquisition of its energy assets. - 1MDB's file pic
Federal Court sets March 13-14 for hearing of final appeals in Kevin Morais' murder case
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![[COLUMNIST] The hidden struggles hehind Malaysia’s GPI ranking](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-10/51728873693_EMIR.jpg "[COLUMNIST] The hidden struggles hehind Malaysia’s GPI ranking")
[COLUMNIST] The hidden struggles hehind Malaysia’s GPI ranking
Essentially, a nation may appear peaceful externally but lack the critical structures to sustain peace during stress or upheaval.
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