1MDB debt

The remaining debt commitment of 1MDB is RM32.08 billion as at June 30, 2022, with an estimated foreign exchange rate of US$1 to RM4.50, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.

The issue of youth unemployment (aged 15 to 24) is also among the topics that will be discussed today.

Tengku Zafrul said the govt had repaid RM13.31 billion of 1MDB's loans and interest through the ministry's Assets Recovery Trust Account.

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The allegation that the principal debt of 1MDB has not been paid until now is baseless as it will only mature between 2022 and 2039, explained Finance Minister Tengku Zafrul Abdul Aziz.

The High Court was told today that the Malaysian government had taken the responsibility to pay the debts of 1MDB amounting to US$3 billion if the company failed to do so.

Ahmad Zahid said the government will disclose all transactions with regards to the 1MDB debt reduction plan through investments on these assets in the near future.

Arul Kanda Kandasamy remains confident that 1MDB debts can be settled within six months.

1Malaysia Development Berhad (1MDB) debts will be reduced gradually in the next five months.

Prime Minister Datuk Seri Najib Razak said the government needed six months to turn around the government investment company, 1MDB.

Datuk Seri Tengku Adnan Tengku Mansor today denied allegations that the postponement of UMNO elections was to because of 1MDB debts.

Prime Minister Datuk Seri Najib Razak said the government is working to reduce the debts of 1Malaysia Development Berhad (1MDB).

1Malaysia Development Berhad (1MDB) debts with local banks that amounted to RM5.037 billion have been viewed too big for a company fully-owned by Finance Ministry in less than five years.

The government revealed that the 1Malaysia Development Berhad (1MDB) debt with local banks has amounted to RM5.037 billion.

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