Sale of Lot 41 to fund 1MDB rationalisation plan - PAC
The sale of Land Grant 18335, Lot 41, Section 51 in Kuala Lumpur (Land Lot 41) to BNM by the government was for the purpose of funding of 1MDB's rationalisation plan.
Mon Dec 13 2021
1MDB to use money from rationalisation plans to pay IPIC
This amount is half of the total payment due to IPIC by both 1MDB and Malaysia's Ministry of Finance (MOF).
Tue Aug 01 2017
Johor government conducts study on manpower rationalisation plan
State Unity and Human Resource Committee chairman R. Vidyananthan said the plan would reduce the dependence on foreign workers and would provide more jobs to the local population.
Thu May 25 2017
1MDB reiterates that its liquidity position is strong
1MDB has reiterated that its liquidity position is strong and the company remains focused on the successful execution of its rationalisation plan.
Wed Jun 08 2016
1MDB will be a shell company, says Arul Kanda
1Malaysia Development Bhd (1MDB) will be a shell company once the rationalisation plan is fully implemented, says President and Executive Director Arul Kanda.
Thu Apr 07 2016
1MDB unit settles RM700 mln syndicated term loan facility
This debt repayment and overall debt reduction is a tangible result of 1MDBs successful rationalisation plan.
Fri Mar 25 2016
1MDB here to stay, says Arul Kanda
1MDB will continue to operate even after its rationalisation plan is completed, as it has obligations that need to be fulfilled, President/Group Executive Director Arul Kanda Kandasamy.
Tue Jan 12 2016
MASwings suspends Kuching-Pontianak-Kuching flight
The airline says the suspension is part of its network rationalisation plan with the intention to concentrate on the growing domestic routes, its core market.
Fri Jan 08 2016
1MDB completes rationalisation plan as promised - Arul Kanda
1MDB has completed its rationalisation plan within six months, as promised, following the sale of a 60 per cent stake in Bandar Malaysia today.
Thu Dec 31 2015
Arul Kanda wants "breathing space" to implement 1MDB rationalisation plan
The public should give the company "breathing space" to enable it to implement a rationalisation plan to reduce its debts, says Arul Kanda.
Sat Oct 31 2015
1MDB to finalise bids for Edra, Bandar Malaysia by mid-November
The strategic investment company was in the process of negotiating the sale and purchase agreement (SPA) with the three final bidders for Edra Global Energy.
Sat Oct 31 2015
Talkshow "Bernama TV with Arul Kanda" (full transcript)
Following is the full transcription of the talkshow "Bernama TV with Arul Kanda" with respect to 1MDB aired at 10pm Wednesday.
Wed Oct 28 2015
1MDB's rationalisation plan will reduce reliance on Govt
1MDB should be allowed to implement its rationalisation plan so that the company can reduce its reliance on government assistance, its President Arul Kanda says.
Wed Oct 28 2015
1MDB receives three final offers for EDRA
Over the next few weeks, 1MDB will be conducting an evaluation of the offers received, including reviewing the terms and conditions of the definitive agreements proposed.
Fri Oct 16 2015
1MDB says DAP out to impede rationalisation plan
1MDB said DAP was driven by its political agenda which was designed to frustrate and impede the implementation of 1MDB's rationalisation plan.
Fri Oct 16 2015