Tag Archives: Billion

It looks like after a long wait, Petronas’ troubled RM109 billion Canadian liquefied natural gas (LNG) project is finally set to take off. Or is it? Could Petronas’ RM109b project fall at final hurdle?www.malaysiakini.comKINIBIZ It could still technically be derailed due to environmental concerns. M …

[FREE] The Royal Malaysian Customs Department has collected over RM6 billion as Goods and Services Tax (GST) as of yesterday since the tax system was implemented on April 1. Customs collects RM6b in GST revenuewww.malaysiakini.comFREE Of the total amount, GST paid on imports accounted for RM3.37 bil …

The Employees Provident Fund (EPF) has pumped in a total of RM80 billion into government-linked companies (GLCs) as of March 2015, said the Finance Ministry. EPF has pumped RM80b into GLCs, thus farwww.malaysiakini.comFinance Ministry says RM25.29b of it was invested in Pembinaan PFI Sdn Bhd. Malays …

[FREE] 1MDB has fully repaid its USD975 million (RM3.6 billion) loan to a consortium of six international banks led by Deutsche Bank. 1MDB pays USD1b debt to banking consortiumwww.malaysiakini.comFREE 1MDB says this shows its commitment towards lowering debt levels. Malaysiakini’s Facebook Wal …

The government has collected almost RM1.7 billion from Goods and Services Tax (GST) on taxable imports up till May 10. GST on imports adds RM1.7b to govt cofferswww.malaysiakini.comPARLIAMENT It is the amount of tax collected from April 1 to May 10. Malaysiakini’s Facebook Wall

Nearly RM3 billion was supposed to be allocated by the Finance Ministry for the socio-economic development of Indians, but the Penang government wants to know whether the money has benefitted the community. Ramasamy: Where did RM3b for Indians go?www.malaysiakini.comHe asks Najib whether the money h …

A secret debt pile of RM26 billion, the government paying rent to itself and one obscure company called Pembinaan PFI Sdn Bhd. What links all these and more together? KINIBIZ shines light on this murky matter. Putrajaya's dodgy dealing to raise billions in secret (free to read)www.kinibiz.comHo …

Government to allocate RM15 billion for green technology. Will it be a game changer? Govt to set aside RM15 bil for green tech in 11MPwww.kinibiz.comThe government is allocating more than RM15 billion in the 11th Malaysia Plan (11MP) as part of a game-changing move to introduce green technology init …

Of the RM 2.2 billion allocation, RM 1.2 billion addition is sought for the Treasury, followed by RM428 million for the Education Ministry, and RM287 million for the Public Services Department (PSD). Full story: http://www.malaysiakini.com/news/292879 Gov't seeks RM2.2bil addition to Budget 201 …

#Infographics | With external debt ballooning up to RM740 billion this year, let's have a look at what can you build with RM740 billion? Share your thoughts! Malaysiakini’s Facebook Wall

#PARLIAMENT The balance US$ 1.103 billion that 1Malaysia Development Berhad (1MDB) had invested in a Cayman Islands fund has been brought back but is being kept in a Singaporean bank, the government said. Read more here: http://www.malaysiakini.com/news/291610 1MDB’s RM4bil Cayman funds now in S’por …

A RM22 billion write down, due to the oil price slump, wipes out Petronas’ profits in 4Q14, turning it into RM7.3 billion losses. It also hangs big question marks on the future of Petronas’ overseas ventures, such as the RM100 bil Canadian LNG project. Petronas sucker punched by RM22 bil impairmentw …

Bank Negara allegedly discovered irregularities in Ambank's RM2 billion loan to 1Malaysia Development Berhad (1MDB), said PKR secretary-general Rafizi Ramli. Rafizi: Ambank CEO quit over irregularities in 1MDB loanwww.malaysiakini.comHe claims Bank Negara found irregularities after conducting a …

Khazanah Nasional Bhd is scheduled to disburse up to RM1.6 billion to Malaysia Airlines (MAS) as part of the second phase of conditional investment funding within the next three months. The conditions for the disbursement are the delivery of several key milestones, among others, a new company (NewCo …

Penang recorded investments worth RM8.2 billion last year, a 109% increase over the 2013′s volume, Chief Minister Lim Guan Eng said. Penang records 109% increase in investmentswww.kinibiz.comPenang recorded investments worth RM8.2 billion last year, a 109% increase over the 2013's volume, Chief …