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.

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.