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US returns RM720 mln to Malaysia in recovered 1MDB funds - Embassy

US returns RM720 mln to Malaysia in recovered 1MDB funds - Embassy

The United States (US) has returned about US$156 million (RM721.4 million) to Malaysia, representing the fourth installment of funds recovered from asset seizures related to 1Malaysia Development Bhd
Fri Jun 14 2024
1MDB still has RM32.3 bln of outstanding debt, total payment will amount to RM40.51 bln

1MDB still has RM32.3 bln of outstanding debt, total payment will amount to RM40.51 bln

1Malaysia Development Bhd (1MDB) still has RM32.3 billion of outstanding debt with four more bonds/sukuk maturing between 2022 and 2039.
Fri Mar 26 2021
Deloitte to pay RM324 mln to Msian govt for 1MDB, SRC settlement

Deloitte to pay RM324 mln to Msian govt for 1MDB, SRC settlement

In a statement, MoF said the amount represents the largest 1MDB-related settlement by an audit firm in Southeast Asia.
Wed Mar 03 2021
Zeti denies allegations linking her and family to 1MDB

Zeti denies allegations linking her and family to 1MDB

Zeti said that she has given her fullest cooperation and provided the police and MACC with all the necessary information.
Fri Jan 01 2021
Projects may have to be stopped if development allocation is reduced - Mustapa

Projects may have to be stopped if development allocation is reduced - Mustapa

If the proposed RM69 billion development allocation for 2021 were to be reduced with a portion redirected to the COVID-19 fund, it would have an impact on projects that have already begun.
Mon Nov 23 2020
1MDB Bond: Goldman Sachs Singapore to pay US$122 mln to Singapore government

1MDB Bond: Goldman Sachs Singapore to pay US$122 mln to Singapore government

Goldman Sachs Singapore Pte (GSSP) will pay US$122 million to the Singapore government for its role in the 1Malaysia Development Bhd (1MDB) bond offerings.
Fri Oct 23 2020
MOF confirms US$2.5 bln payment by Goldman Sachs

MOF confirms US$2.5 bln payment by Goldman Sachs

Goldman Sachs Group Inc has made the US$2.5 billion (US$1=RM4.17) payment to the Malaysian government to resolve outstanding claims related to 1Malaysia Development Bhd (1MDB).
Fri Aug 28 2020
1MDB: Najib attends trial as convicted felon

1MDB: Najib attends trial as convicted felon

For the very first time Datuk Seri Najib Tun Razak today returned to the High Court here for his 1Malaysia Development Bhd (1MDB) trial involving RM2.3 billion as a convicted felon.
Mon Aug 03 2020
Making sense of Najib's SRC trial

Making sense of Najib's SRC trial

The questions on everyone's mind is when will Najib serve his sentence and the answer is not that simple.
Wed Jul 29 2020
Govt committed to recovering 1MDB assets - Muhyiddin

Govt committed to recovering 1MDB assets - Muhyiddin

The Malaysian government is committed to continuing with efforts to recover assets related to 1Malaysia Development Bhd (1MDB).
Fri Jul 24 2020
Goldman Sachs returns US$3.9 bln in 1MDB settlement to Malaysia: MOF

Goldman Sachs returns US$3.9 bln in 1MDB settlement to Malaysia: MOF

Goldman Sachs has agreed to a total settlement of US$3.9 billion to resolve outstanding charges and claims related to the three bond transactions that the company had structured and arranged for 1MDB.
Fri Jul 24 2020
Govt is committed to recovery of 1MDB assets - Tengku Zafrul

Govt is committed to recovery of 1MDB assets - Tengku Zafrul

The effective recovery of 1Malaysia Development Bhd's (1MDB) assets remains a key priority for the Malaysian government, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Mon Jul 20 2020
Government pursuing 1MDB money from DOJ - Tengku Zafrul

Government pursuing 1MDB money from DOJ - Tengku Zafrul

The government is pursuing the recovered money allegedly stolen from the 1Malaysia Development Bhd (1MDB) sovereign fund, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
Sat Mar 28 2020
August 31 is new deadline for 1MDB

August 31 is new deadline for 1MDB

This is the second extension that IPIC is giving 1MDB on the missed scheduled payment.
Tue Aug 08 2017
PM Najib hands over haj offer letters to 1,100 community leaders

PM Najib hands over haj offer letters to 1,100 community leaders

He also announced a consolation of RM1,000, a pair of robe as well as free medical treatment for each of the pilgrims who were going to the Holy Land.
Tue Jul 11 2017
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024