02 Aug 2015
(MENAFN) According to state news agency Bernama, Malaysia’s Prime Minister said that his country and Qatar have expressed an interest in the assets of debt- laddered state fund 1Malasysia Bhd (1MDB).
1MDB, the center of several investigations over graft and its management of funds, is seeking to offload assets parked under its power unit Edra Global Energy Bhd, and sell developmental rights in its property projects.
The fund, whose advisory board is chaired by the minister, is looking to trim down USD11 billion of debt. It has 14 power assets which could be worth up to USD4.73 billion, sources said in June.
“We have a program to reduce the debts of 1MDB, and the program is viable. We have to give it time. I would say we need about six months,” the Malaysian Prime Minister was quoted as saying.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more