Article Related To rationalisation-plan

The sale of Land Grant 18335, Lot 41, Section 51 in Kuala Lumpur (Land Lot 41) to BNM by the government was for the purpose of funding of 1MDB's rationalisation plan.

This amount is half of the total payment due to IPIC by both 1MDB and Malaysia's Ministry of Finance (MOF).

State Unity and Human Resource Committee chairman R. Vidyananthan said the plan would reduce the dependence on foreign workers and would provide more jobs to the local population.

1MDB has reiterated that its liquidity position is strong and the company remains focused on the successful execution of its rationalisation plan.

1Malaysia Development Bhd (1MDB) will be a shell company once the rationalisation plan is fully implemented, says President and Executive Director Arul Kanda.

This debt repayment and overall debt reduction is a tangible result of 1MDBs successful rationalisation plan.

1MDB will continue to operate even after its rationalisation plan is completed, as it has obligations that need to be fulfilled, President/Group Executive Director Arul Kanda Kandasamy.

The airline says the suspension is part of its network rationalisation plan with the intention to concentrate on the growing domestic routes, its core market.

1MDB has completed its rationalisation plan within six months, as promised, following the sale of a 60 per cent stake in Bandar Malaysia today.

The public should give the company "breathing space" to enable it to implement a rationalisation plan to reduce its debts, says Arul Kanda.

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.

Following is the full transcription of the talkshow "Bernama TV with Arul Kanda" with respect to 1MDB aired at 10pm Wednesday.

1MDB should be allowed to implement its rationalisation plan so that the company can reduce its reliance on government assistance, its President Arul Kanda says.

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.

1MDB said DAP was driven by its political agenda which was designed to frustrate and impede the implementation of 1MDB's rationalisation plan.

Judge says Datin Seri Rosmah Mansor has established a prima facie case to be granted leave to issue the third-party notice.

Datuk Seri Najib Tun Razak was named a suspect after Bukit Aman found a money trail of 1MDB funds entering the ex-PM's accounts.

Ahmad Syahir Sharifudeen is facing five counts of engaging in sexual acts of unnatural intercourse with the 19-year-old female victims.

Hundreds of Palestinians protest in northern Gaza to demand an end to war, chanting "Hamas out".

Datuk Rohaimi Md Isa said during the same period last year, 1,700 cases were reported, resulting in losses amounting to RM13.66 million.

We couldn't be more happier to share this with the world, says Malaysian professional men's doubles shuttler Ong Yew Sin.

More than 33,000 hectares has been charred or were still burning in the largest of the fires that began in the central Uiseong county.

According to the Malaysian Army, Muhammad Muqriz from the 20th Battalion of the Royal Malay Regiment died due to blunt trauma to the chest.

The tariffs look set to damage the highly integrated North American auto industry.

PM says the four-storey mosque, will also have a library, an event hall and an arts and cultural space to introduce Islam to the public.