Tag Archives: Billion

IPOH, Dec 8 (Bernama) — Perak Menteri Besar Datuk Seri Dr Zambry Abdul Kadir on Monday tabled a RM1.05 billion deficit budget for 2015 that focused on five main areas for continuous development, wellbeing of the people and to promote economic growth. The Menteri Besar said of the total, RM707. …

Video | KiniTV: 1Malaysia Development Berhad (1MDB) had used RM3.8 billion of the RM9.6 billion in bonds it raised in 2013 to repay and service its debts, which is a "clear breach" of its offering circular issued to investors about the bond raising exercise. 'RM3.8bil of 1MDB bonds us …

Under the agreement, Petronas will pay US$ 635 million (RM2.1 billion) in cash with adjustment at completion. Petronas to acquire Phillips 66 stake in MRC for RM2.1 bilwww.kinibiz.comPetroliam Nasional Bhd (Petronas) will acquire Phillips 66 Asia Ltd's 47% interest in Malaysian Refining Co Sdn …

KUCHING, Nov 10 (Bernama) — Sarawak Chief Minister Tan Sri Adenan Satem on Monday tabled a RM6.36 billion budget for 2015, where RM4.55 billion or 71 per cent has been proposed for development and RM1.81 billion as operating expenditure. Adenan, who is also the State Finance Minister, said the …

KOTA KINABALU, Nov 10 (Bernama) — Sabah Chief Minister Datuk Seri Musa Aman told the State Assembly today that Sabah was allocated RM4.07 billion in the 2015 federal budget for implementation of various projects. He said RM272.6 million was allocated for the People’s Housing Project in K …

In committed investments alone, Iskandar Malaysia has secured RM156.51 billion since 2006, of which 51% or RM79.17 billion has been realised to date. 'Iskandar attracts RM25 bil in new investments this year'www.kinibiz.comPrime Minister Najib Abdul Razak said the Iskandar Regional Developm …

KUALA LUMPUR, Oct 28 (Bernama) — The Rural and Regional Development Ministry has allocated RM11.115 billion for infrastructure projects in Sabah since the 8th Malaysia Plan (8MP). Its minister Datuk Seri Mohd Shafie Apdal said an additional RM14.6 million was allocated for the development of h …

KUALA LUMPUR, Oct 10 (Bernama) — Almost half of the total allocation of RM1.2 billion had been spent to implement projects to increase the coverage of water supply to 100 per cent especially in urban areas, in the first eight months of this year. The allocation was also aimed at raising the tr …

KUALA LUMPUR, Oct 10 (Bernama) — A total of RM2.7 billion will be spent over the next three years to build 1,000 new telecommunications towers and laying of undersea cables, said Prime Minister Datuk Seri Najib Tun Razak when presenting Budget 2015 at the Parliament today. Najib, who is also F …

KUALA LUMPUR, Oct 10 (Bernama) — The Government has spent almost half of the total allocation of RM1.2 billion to implement projects aimed at increasing the coverage of water supply to 100 per cent, especially in urban areas, for the first eight months of this year. The allocation was also aim …

Sony Corp. widened its full year net loss forecast to 230 billion yen (RM6.9 billion) from a 50 billion yen loss and suspended its dividend Sony widens loss forecast amid smartphone competitionwww.kinibiz.comSony Corp. widened its full year net loss forecast to 230 billion yen (RM6.9 billion) from a …

1Malaysia Development Bhd (1MDB) has delayed a more than US$ 3 billion IPO due to a longer-than-expected due-diligence process and negotiations around the restructuring of a RM5.5 billion (US$ 1.7 billion) loan, people familiar with the matter said. The IPO, which was due to be launched in the fourt …

#ThrowbackThursday FREE: If 1MDB's RM42 billion of debt has caught the attention of Dr Mahathir, what about the RM7 billion stashed away in a faraway tax haven? 1MDB: No control over RM7 bil in Cayman Islandswww.kinibiz.comThe directors of 1Malaysia Development Bhd (1MDB) have admitted the stat …

Video | KiniTV: Facebook’s market value exceeded US$ 200 billion (RM635 billion) to put it among the world’s biggest corporations, as investors bet on the company to capitalize on the future of mobile advertising. The stock’s rise has boosted CEO Mark Zuckerberg's wealth to US$ 34.5 billion, ac …

Video | KiniTV: iKhazanah Nasional announced a RM6 billion plan to rescue ailing Malaysia Airlines aimed at returning it to profit within three years or by 2017. Khazanah unveils RM6 bil MAS restructuring planwww.kinitv.comKiniNews: Khazanah Nasional Berhad has unveiled a RM6 billion restructuring p …