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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: Rationalisation to reduce debts, ensure sustainability

1MDB: Rationalisation to reduce debts, ensure sustainability

Substantial action undertaken by 1Malaysia Development Berhad (1MDB) will reduce its debts as well as ensuring its sustainability in the long run.
Sat Jul 18 2015
1MDB's accounts being audited in stages - Ahmad Husni

1MDB's accounts being audited in stages - Ahmad Husni

Deloitte is auditing 1Malaysia Development Bhd's (1MDB) financial accounts in stages, beginning with Edra Global Energy Bhd (Edra), an energy asset company owned by 1MDB, the Dewan Rakyat was told.
Mon Jun 15 2015
What is a sovereign wealth fund?

What is a sovereign wealth fund?

Sovereign wealth funds are investment vehicles owned by countries.
Wed Feb 05 2025
[COLUMNIST] Rising above Trump tariffs: How a resilient global economy outlasts US protectionism

[COLUMNIST] Rising above Trump tariffs: How a resilient global economy outlasts US protectionism

The current alarm over Trumps tariff threats overlooks a key point: global markets are resilient and adaptable.
Wed Feb 05 2025
Khazanah reports RM5.1 billion operating profit for 2024

Khazanah reports RM5.1 billion operating profit for 2024

Khazanah records RM103.6 billion NAV in 2024, driven by strong domestic investments and strategic growth.
Wed Feb 05 2025
Washington, DC officials identify 66 of 67 victims of midair collision

Washington, DC officials identify 66 of 67 victims of midair collision

Work continues by the US Army Corps of Engineers to remove the airplane wreckage from the Potomac River.
Wed Feb 05 2025
Government to further strengthen ASEAN's readiness in finalising DEFA

Government to further strengthen ASEAN's readiness in finalising DEFA

Malaysia is focusing on two main approaches to facilitate the DEFA negotiation, says Liew Chin Tong.
Wed Feb 05 2025
Trade war will not hinder Malaysia’s GDP growth for 2025 - Rafizi

Trade war will not hinder Malaysia’s GDP growth for 2025 - Rafizi

The finance ministry has projected Malaysia's GDP to grow between 4.5 and 5.5 per cent in 2025.
Wed Feb 05 2025
Trump administration considers adding Shein, Temu to 'forced labor' list, Semafor reports

Trump administration considers adding Shein, Temu to 'forced labor' list, Semafor reports

The move comes after China imposes targeted tariffs on US imports and warnings of possible sanctions against firms like Google.
Wed Feb 05 2025
Thailand to cut power to Myanmar border areas linked to scam centres

Thailand to cut power to Myanmar border areas linked to scam centres

Evidence shows transnational crime syndicates in Myanmar's Tachileik, Myawaddy, Payathonzu, that are possible power cut targets.
Wed Feb 05 2025
Trump reimposes 'maximum pressure' on Iran, aims to drive oil exports to zero

Trump reimposes 'maximum pressure' on Iran, aims to drive oil exports to zero

Trump signs the presidential memorandum reimposing Washington's tough policy on Iran that was practiced throughout his first term.
Wed Feb 05 2025
FACTBOX: Trump proposes US takeover of Gaza

FACTBOX: Trump proposes US takeover of Gaza

Here are some remarks that US President Donald Trump made and questions that he answered during a press conference.
Wed Feb 05 2025