Breaking News
No subsidy cuts planned despite soaring petroleum costs linked to West Asia conflict
KUALA LUMPUR, July 15 — More than 3,500 medical officers left Malaysia’s public healthcare sector over
...Melaka PKR urges calm, seeks consensus on nominated assemblymen issue
MELAKA, July 15 — Parti Keadilan Rakyat (Keadilan) Melaka has urged all parties to not make hasty
...Tunku Zain named new Tunku Panglima Besar of Negeri Sembilan
KUALA PILAH, June 10 — Yang Dipertuan Besar of Negeri Sembilan Tuanku Muhriz Tuanku Munawir today
...Politicians must watch their words, avoid misuse of free speech
KUALA LUMPUR, June 1 — His Majesty Sultan Ibrahim, King of Malaysia, today ordered all political
...Nga Kor Ming says Malaysia’s rise in trust rankings reflects growing confidence in the country
KUALA LUMPUR, May 22 — Malaysia’s ranking as the seventh most trusted nation globally under the
...Selangor Sultan calls for continued focus on rakyat’s well-being amid global crisis
KUALA LUMPUR, May 22 — The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has called on
...
I think this 1MDB problem is almost solved
KUALA LUMPUR, Nov 6 — Malaysia is almost done paying for 1Malaysia Development Berhad’s (1MDB) debts, Deputy Finance Minister I Datuk Seri Ahmad Maslan said today.
He told Parliament that the 1MDB debt still outstanding as at September 30, 2023 was down to RM5.15 billion.
“(Malaysia) is expecting US$1 billion or RM4.65 billion from International Petroleum Investment Company (IPIC) in 2024 and the overall balance of the trust account amounting to RM9.85 billion, that is sufficient to cover the payment of the remaining 1MDB debt commitment amounting to RM5 billion.
“Therefore, I think this 1MDB problem is almost solved,” Ahmad told the Dewan Rakyat during his winding-up speech on the Supply Bill 2024 for the debate at committee stage.
He added that in 2024, the government will only need to make an interest payment of RM287 million.
“The last principal payment is due in 2039, and that is RM5 billion,” he added.
In March, the government had paid 1MDB’s totalling RM43.8 billion, leaving a balance of RM9.7 billion involving a principal of RM5 billion and RM4.7 billion in interest.
