PUTRAJAYA: It is the government that has to pay back the 1MDB bonds as they were the ones who had guaranteed them, according to Finance Minister Lim G...
Finance Minister Lim Guan Eng, together with TDA CEO Datuk Zailani Safari , Secretary of Goverment Procument Division MoF Datuk Zamzuri Abdul Aziz and Treasury Deputy Secretary General Datuk Asri Hamidon , during a press conference after the signing of an agreement between the government and Bombardier Hartasuma Consortium on April 23, 2019.
“We will honour our obligation to pay back the bond,” Lim said after witnessing the signing ceremony between the government and Bombardier Hartasuma Consortium. “The government will have to find funds to pay back the bonds but in return we get nothing.” Lim declined to answer whether the bonds held by TH and KWAP would be converted to equity for the revitalised Bandar Malaysia project.
On the question whether the government had given 4,500 acres to a China-owned company as part of the new East Coast Rail Link contract, Lim denied that such an agreement had been made. He said he had not been informed about such a deal.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Putrajaya akan lunaskan semua hutang 1MDB, kata Guan Eng | The Malaysian InsightKerajaan perlu mencari wang untuk membayar semua pinjaman berkaitan dengan 1MDB, meskipun kerajaan tidak mendapat sebarang pulangan dari segi nilai, katanya.
Read more »
Govt will service 1MDB’s debt obligation, Guan Eng says | Malay MailPUTRAJAYA, April 23 ― Finance Minister Lim Guan Eng has given his assurance that the government will service all debt obligations related to 1Malaysia Development Bhd (1MDB). “The government needs to find the money to repay all the loans related to 1MDB, while the government gets nothing in...
Read more »
Govt is monitoring ringgit’s performance, says Guan Eng after fall in currency value | Malay MailKUALA LUMPUR, April 23 — The government will monitor the ringgit’s performance in the foreign exchange market following the recent fall in the currency’s value, says Finance Minister Lim Guan Eng. He said the ringgit’s performance should be evaluated on an annual basis, as it was normal for...
Read more »
Govt will monitor ringgit performance, says Guan EngKUALA LUMPUR: The government will monitor the ringgit's performance in the foreign exchange market following the recent fall in the currency's value, says Finance Minister Lim Guan Eng.
Read more »
Govt will honour 1MDB's debt obligations, Guan Eng saysHowever, the finance minister declines to go into specifics on the matter.
Read more »
Govt will monitor ringgit's performance, Guan Eng saysThe finance minister says it would be better to evaluate the ringgit's performance on an annual rather than daily basis.
Read more »
MB: Pahang govt plans to seek RM17.1bil in compensation from federal govt
Read more »
US$8 billion outflow if Malaysia’s bonds downgraded, says Morgan Stanley | The Malaysian InsightMalaysia is now on FTSE Russell’s watch list and govt bonds may be downgraded.
Read more »
Putrajaya mulling share swap for KWAP, Tabung Haji’s 1MDB bonds | The Malaysian InsightThe Edge reports that the swap could have the two bodies end up as stakeholders of Bandar Malaysia.
Read more »
Look at ringgit’s value throughout the year, says Guan Eng | The Malaysian InsightGovt will not intervene, despite 3-month low against US dollar.
Read more »