(Reuters) -Ingram Micro is targeting a valuation of up to $5.42 billion in its U.S. initial public offering, the technology products distributor said on Tuesday, underscoring a resurgence in private-equity backed stock market listings.
KUALA LUMPUR: The government has recovered a total of RM27.17bil related to 1Malaysia Development Bhd as of Sept 30, 2024.
"The government will continue its efforts to recover all funds related to 1MDB that have been misappropriated, with the primary goal of maximising returns to settle 1MDB’s debts within the stipulated timeframe,” she said in the Dewan Rakyat on Tuesday . She stated that this financing was carried out through the sukuk issuance of Islamic Medium Term Notes on May 29, 2009, with a maturity period of 30 years at an interest rate of 5.75 per cent per annum.Yesterday, the Auditor General’s Report 3/2023 reported that the federal government had allocated grants amounting to RM39.74bil to 1MDB from 2019 to 2023 for principal repayment and other expenses, including bond interest and coupon payments.
Asset Recovery Trust Account 1MDB Hannah Yeoh Auditor General’S Report
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.
Over RM13.17bil in government support for Singaporeans as MediShield Life premiums go up(Reuters) - Crypto firm Ripple launched a stablecoin pegged to the U.S. dollar on Tuesday, looking to disrupt a market in which the top two incumbents account for nearly 90% of the value.
Read more »
Oracle to set up public cloud region in Malaysia with RM27 billion investmentOracle is expanding its Oracle Cloud Infrastructure (OCI) coverage in Asia Pacific by establishing a new public cloud region in Malaysia. This investment, exceeding RM27 billion, will provide more than 150 cloud services, including AI and high-performance computing capabilities. The move aims to offer low-latency access to cloud services for local and multinational companies operating in Malaysia, while also helping them meet data residency requirements.
Read more »
1MDB’s ex- CEO Arul Kanda clueless on company’s ‘investments’KUALA LUMPUR: The High Court here today was told that the former chief executive officer (CEO) of 1Malaysia Development Berhad (1MDB) Arul Kanda Kanda...
Read more »
1MDB lawsuit: Arul Kanda unaware of 'investments' and their value, Tony Pua tells courtLETTER FROM Phar Kim Beng, Kuala Lumpur
Read more »
Lawyer claims Najib denied fair trial; alleges MACC’s 1MDB probe was shoddy, biased and incompleteKUALA LUMPUR, Sept 18 — Former prime minister Datuk Seri Najib Razak was denied the right to fair trial in his trial over 1Malaysia Development Berhad’s (1MDB) RM2.2 billion...
Read more »
Investigations leading to Najib's charging in 1MDB case 'shoddy', argues defence lawyerA motorcyclist’s phone flew into a man’s vehicle following a hit-and-run crash in Oregon, deputies said.
Read more »