Najib: Land purchase by pilgrims' fund from 1MDB not bailout
KUALA LUMPUR - Prime Minister Najib Razak on Sunday denied that a land purchase by Malaysia's haj pilgrims' fund from 1Malaysia Development Bhd (1MDB) was a bailout, saying the issue was manipulated to make it look like pilgrims' money was used to save the debt-ridden state fund.
Lembaga Tabung Haji had bought a 0.64-hectare land at the Tun Razak Exchange (TRX) project from 1MDB last month for RM188.5 million (S$70 million).
For more read HERE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
German deficit forecast at 1.75% in 2024, says stability council
SNP veteran John Swinney set to be Scotland’s next leader
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Israel begins evacuating part of Rafah, Hamas decries 'dangerous escalation'
Macron, von der Leyen press Xi on trade in Paris talks
Eurozone business activity grows at fastest pace in almost a year, PMI shows