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Rafizi's call for Edra IPO boycott nonsensical, says MP

Rafizi's call for Edra IPO boycott nonsensical, says MP

Fauzi joined a chorus of strong criticisms against Rafizi , with Minister in the Prime Minister's Department Datuk Seri Rahman Dahlan calling it akin to an economic sabotage.
Tue Jul 11 2017
Edra on track to build pilot solar power plant in Kedah

Edra on track to build pilot solar power plant in Kedah

Independent power producer (IPP), Edra Power Holdings Sdn Bhd, is on track to build its pilot large-scale solar photovoltaic plant in Kedah by early 2018, with a generating capacity of 50 MWac.
Sun Mar 19 2017
Fire incident at Edra's Jimah power plant promptly put out

Fire incident at Edra's Jimah power plant promptly put out

In a statement today, Edra Power said, at 8.20am on Feb 2, the current transformer of Unit 1 at the plant's switchyard burst and caught fire.
Sat Feb 04 2017
1MDB unit settles RM700 mln syndicated term loan facility

1MDB unit settles RM700 mln syndicated term loan facility

This debt repayment and overall debt reduction is a tangible result of 1MDBs successful rationalisation plan.
Fri Mar 25 2016
1MDB: Monetisation of Edra completed

1MDB: Monetisation of Edra completed

1MDB has completed the asset monetisation of Edra Global Energy Bhd, with the exchange of shares for cash with a related party.
Wed Mar 23 2016
1MDB to cut debts by RM17 bln with CGN agreement

1MDB to cut debts by RM17 bln with CGN agreement

The Finance Ministry said this was achieved following the share sale and purchase agreement signed with CGN for the sale of 1MDB's 100 per cent ownership in Edra's energy assets on Nov 23 this year.
Thu Dec 03 2015
1MDB clarifies Tun Mahathir's statement on Edra Global Energy's sale

1MDB clarifies Tun Mahathir's statement on Edra Global Energy's sale

1Malaysia Development Bhd (1MDB) clarified the allegations made by former prime minister Tun Dr Mahathir Mohamad regarding the sale of Edra Global Energy Berhad.
Sun Nov 29 2015
1MDB's Edra Energy disposes of assets to Chinese firm for RM9.83 bil

1MDB's Edra Energy disposes of assets to Chinese firm for RM9.83 bil

1MDB's energy arm, Edra Global Energy Bhd, is disposing of all its assets to China General Nuclear Power Corp and its units for RM9.83 billion.
Mon Nov 23 2015
Edra to collaborate with Malacca Govt to identify local companies for 4B project

Edra to collaborate with Malacca Govt to identify local companies for 4B project

The 4B project is the development of a new 2,000MW to 2,400MW combined cycle power plant in Alor Gajah, Malacca.
Sun Nov 15 2015
1MDB to finalise bids for Edra, Bandar Malaysia by mid-November

1MDB to finalise bids for Edra, Bandar Malaysia by mid-November

The strategic investment company was in the process of negotiating the sale and purchase agreement (SPA) with the three final bidders for Edra Global Energy.
Sat Oct 31 2015
1MDB confident of signing three agreements by year-end

1MDB confident of signing three agreements by year-end

1MDB expects to rake in billions from equity sales in Edra Energy, from debt equity swap with an Abu Dhabi wealth fund and from land and equity sales in Bandar Malaysia.
Wed Oct 28 2015
1MDB receives three final offers for EDRA

1MDB receives three final offers for EDRA

Over the next few weeks, 1MDB will be conducting an evaluation of the offers received, including reviewing the terms and conditions of the definitive agreements proposed.
Fri Oct 16 2015
1MDB launches Pulau Indah land sale process

1MDB launches Pulau Indah land sale process

1Malaysia Development Bhd has started the land sale tender process for its 128.7 hectares in Pulau Indah, Selangor.
Mon Sep 21 2015
1MDB to shortlist preferred bidders on Bandar Malaysia project before end of 2015

1MDB to shortlist preferred bidders on Bandar Malaysia project before end of 2015

1Malaysia Development Bhd (1MDB) expects to shortlist preferred bidders to participate as development partners in Bandar Malaysia project before the end of this week.
Mon Sep 07 2015
Arul Kanda confident 1MDB debts can be settled within 6 months

Arul Kanda confident 1MDB debts can be settled within 6 months

Arul Kanda Kandasamy remains confident that 1MDB debts can be settled within six months.
Wed Aug 12 2015
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'

Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'

The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Sat Oct 19 2024
Putin says Russia willing to seek compromises between Iran and Israel

Putin says Russia willing to seek compromises between Iran and Israel

Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
Sat Oct 19 2024
What proposals will Russia push at the BRICS summit?

What proposals will Russia push at the BRICS summit?

The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Sat Oct 19 2024
Indonesia's free meals plan in the spotlight as Prabowo readies for office

Indonesia's free meals plan in the spotlight as Prabowo readies for office

Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Sat Oct 19 2024
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21

Astro AWANI's revamped English news website, AWANI International, launches on Oct 21

Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Sat Oct 19 2024
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say

Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say

Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Sat Oct 19 2024
Liam Payne's ex-partner calls for media restraint after 'painful' death

Liam Payne's ex-partner calls for media restraint after 'painful' death

Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Sat Oct 19 2024
Analysts: Indonesia's strong MoF leadership team to boost investor confidence

Analysts: Indonesia's strong MoF leadership team to boost investor confidence

Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Sat Oct 19 2024
Biden offers both a carrot and a stick to Israel as his term nears an end

Biden offers both a carrot and a stick to Israel as his term nears an end

Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Sat Oct 19 2024
Putin says BRICS will generate most of global economic growth

Putin says BRICS will generate most of global economic growth

Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
Sat Oct 19 2024