The prime minister says some Lembaga Tabung Haji properties are not giving returns, in commenting on the transfer of four hotels to the finance ministry. FMTNews THhotel
The TH hotels which will be closed are in Kota Kinabalu, Penang, Alor Setar and Kuala Terengganu.
PUTRAJAYA: Prime Minister Dr Mahathir Mohamad today defended the transfer of four Lembaga Tabung Haji hotels to ministry of finance subsidiary Urusharta Jamaah Sdn Bhd , saying some TH properties are not useful. “Some of the properties are not useful, cannot give returns,” he told reporters after officiating a National Anti-Drug Month event.Yesterday, it was reported that according to a company circular posted by former prime minister Najib Razak, four hotels owned by the pilgrims management board would be closed in April.Najib posted images of a company circular signed by Zulkeffli Ahmad, group managing director of TH Hotel and Residence Sdn Bhd, which owns and operates the hotels.
TH, in a statement this morning, said the move to place the hotels under UJSB was part of the government’s restructuring plan for the struggling pilgrims fund.Meanwhile, Mahathir said the government would review existing punishments for drug-related crimes, which he noted were quite harsh.“Many feel that this is ineffective… We will study whether this is correct or not. And if we find that there are other ways in the law that can prevent abuse of drugs or trafficking, we will amend the law.
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.
Dr M pertahan keputusan TH pindah milik 4 hotel kepada MOFKeputusan itu dibuat selepas mendapati beberapa hartanah milik TH tidak memberi keuntungan kepada agensi berkenaan. FMTNews THhotel TabungHaji
Read more »
4 TH hotels to continue operations under new entityKUALA LUMPUR: The operations of four Lembaga Tabung Haji (TH) hotels, transferred to Finance Ministry’s special purpose vehicle Urusharta Jamaah Sdn Bhd (UJ), will continue under a new management without any downsizing.
Read more »
Dr M: Tabung Haji 'letting go' properties that are not profitablePUTRAJAYA: Tabung Haji is 'letting go' some of its properties because they are not giving any returns, says Tun Dr Mahathir Mohamad.
Read more »
Dr M: I'll step down but only after ApecPUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad says he does not know if the date of power transition will be fixed at the Pakatan Harapan presidential council meeting on Friday (Jan 21).
Read more »
Dr M pertahan keputusan TH pindah milik 4 hotel kepada MOFKeputusan itu dibuat selepas mendapati beberapa hartanah milik TH tidak memberi keuntungan kepada agensi berkenaan. FMTNews THhotel TabungHaji
Read more »
UM claims volunteers chose to help with China students, not made to perform fever scans | Malay MailKUALA LUMPUR, Feb 16 — Universiti Malaya asserted today that student volunteers who reportedly complained they were put in close contact with Chinese nationals did so of their own accord. The university also maintained that it fully abided by the government’s protocol for centralised...
Read more »