03
Jan
17

After incurring BILLIONS in debts…No more business activity at 1MDB?

Johari: No more business activity at 1MDB

KUALA LUMPUR (Dec 22): Second Finance Minister Datuk Johari Abdul Ghani has reiterated that there will be no business activity at 1Malaysia Development Bhd (1MDB).

“Run off 1MDB means we are not going to do any business at 1MDB,” he told reporters at the sidelines of Prasarana Malaysia Bhd’s LRT 20th anniversary event today.

He was responding to a question on his previous interview, in which he said the government is going to “run off 1MDB”.

The finance ministry oversees the state-owned 1MDB.

In a recent interview with Bloomberg, Johari said the Ministry of Finance has taken control from 1MDB of the development of the Tun Razak Exchange financial district.

Furthermore, the government is also overseeing the Bandar Malaysia development.

Johari also said in the interview the country needs to learn from the episode and recover.

…more
Johari: No more business activity at 1MDB
December 22, 2016 – theedgemarkets.com

Advertisements

0 Responses to “After incurring BILLIONS in debts…No more business activity at 1MDB?”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Nuclear lessons for Malaysia (Part 1) (Part 2)
BN govt is directing attention to distant past and distant future, in order to distract people from present misdeeds and poor governance
Felda - A picture is worth a thousand words
How the 1MDB Scandal Spread Across the World (WSJ)
We cannot afford ridiculously expensive RM55 Billion ECRL!
All that is necessary
for the triumph of evil
is for good men
to do nothing.

- Edmund Burke
When the people
fears their government,
there is TYRANNY;
when the government
fears the people,
there is LIBERTY.

- Thomas Jefferson
Do you hear the people sing?

Archives


%d bloggers like this: