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Ahmad Zahid committed to addressing FELCRA debts, studying PAC's recommendations

Ahmad Zahid committed to addressing FELCRA debts, studying PAC's recommendations

Datuk Seri Dr Ahmad Zahid Hamidi said a committee had been formed to study the recommendations, put forward by PAC to resolve the issue.
Mon Jul 08 2024
Budget 2024: Second chance policy on bankruptcy expanded - PM

Budget 2024: Second chance policy on bankruptcy expanded - PM

Datuk Seri Anwar Ibrahim said as of July this year, almost 14,000 cases with small debts of below RM50,000 discharged from bankruptcy.
Fri Oct 13 2023
31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal

31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal

The govt has implemented several initiatives including bankruptcy discharge for those declared bankrupt for debts below RM50,000.
Mon Jun 26 2023
Najib intended to shut down 1MDB in 2015 - Edge chairman

Najib intended to shut down 1MDB in 2015 - Edge chairman

The chairman of The Edge Media Group today told the High Court that Najib Razak had intended to shut down 1MDB due to its serious financial debts.
Mon Nov 21 2022
All outstanding payments concerning DASH Highway must be paid - PM

All outstanding payments concerning DASH Highway must be paid - PM

Ismail Sabri said the Works Ministry must also explain the unpaid debts.
Tue Oct 18 2022
KPLB considering writing off RM230 mln of FELCRA settlers' debts - Mahdzir

KPLB considering writing off RM230 mln of FELCRA settlers' debts - Mahdzir

KPLB is considering disposing of the debts of 20,000 FELCRA settlers amounting to RM230 million, says its minister Datuk Seri Mahdzir Khalid.
Sat Oct 01 2022
Only 2.5 pct of federal govt debt is foreign-denominated  - Tengku Zafrul

Only 2.5 pct of federal govt debt is foreign-denominated - Tengku Zafrul

The claim that Malaysia owes a lot of money to Indonesia is not true as only 2.5 pct of federal government debts are foreign-denominated.
Fri Aug 26 2022
Terengganu pays RM472.78 million in federal debts - MB

Terengganu pays RM472.78 million in federal debts - MB

Ahmad Samsuri said the balance in debt still owed by the state government to the federal government as of June 30 is RM267.09 million.
Mon Jul 25 2022
Govt still needs to cover RM17 bln shortfall to repay 1MDB debts - Tengku Zafrul

Govt still needs to cover RM17 bln shortfall to repay 1MDB debts - Tengku Zafrul

Tengku Zafrul said the govt had repaid RM13.31 billion of 1MDB's loans and interest through the ministry's Assets Recovery Trust Account.
Mon Mar 14 2022
Scams: Muslims urged to remain vigilant, not to be easily deceived

Scams: Muslims urged to remain vigilant, not to be easily deceived

It is reported that many have lost their savings after being cheated and some have been burdened with huge debts.
Fri Jan 21 2022
Najib signed letter of support for gov't to settle 1MDB's US$3 bln debt - Witness

Najib signed letter of support for gov't to settle 1MDB's US$3 bln debt - Witness

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.
Thu Nov 18 2021
US$3 bln used for donations, settle debts and not to fund 1MDB JV, court told

US$3 bln used for donations, settle debts and not to fund 1MDB JV, court told

The High Court was told today that the US$3 billion bond guaranteed by the Malaysian government to 1MDB GIL was never used for its intended purpose of funding a 1MDB joint venture.
Tue Nov 16 2021
Unremorseful Najib at it again throwing confusions on government loans and debts

Unremorseful Najib at it again throwing confusions on government loans and debts

The KWAN fund mainly for purchasing vaccines is not a loan but conveniently inserted to increase government loan.
Fri May 28 2021
1MDB intended to pay off its bank loans, debts from IPO proceeds, court told

1MDB intended to pay off its bank loans, debts from IPO proceeds, court told

The High Court here today heard that the 1Malaysia Development Berhad (1MDB) intended to use the proceeds from its Initial Public Offering (IPO) to pay off its existing bank loans and debts.
Thu May 27 2021
Government consistent in explaining statutory debt: MoF

Government consistent in explaining statutory debt: MoF

Tengku Zafrul said that all Federal government debts have been clarified with, and accepted by international ratings agencies and analysts.
Mon Mar 22 2021
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