Share
KUALA LUMPUR (May 17): Tabung Harapan Malaysia’s (THM) entire funds amounting to RM203.29 million will be used to repay a portion of 1Malaysia Development Bhd’s (1MDB) debt, said Finance Minister Lim Guan Eng.
He said the THM trust accounts committee had, during its meeting on April 24, decided that the THM money be used to pay a portion of 1MDB’s 2019 debt amounting to RM1.7 billion.
“While the THM funds may not be able to repay 1MDB’s entire debt of RM51 billion, the funds will remain as a symbol of Malaysians’ loyalty and patriotism when it comes to repaying the country’s debt,” he said in a statement yesterday.
Guan Eng said the total amount of the funds stood at RM202,716,775.10 as of Jan 14, the closing date for contributions.
In addition, there was an interest amount received from fixed deposit investments totalling RM575,342.31 up to March 31.
TOP PICKS BY EDGEPROP
28 Boulevard (28 BLVD)
Pandan Perdana, Kuala Lumpur
V Residence 2 @ Sunway Velocity
Cheras, Kuala Lumpur
Perdana The Place
Damansara Perdana, Selangor
VIVO Residential Suites
Jalan Klang Lama (Old Klang Road), Kuala Lumpur
633 Residency Brickfields 2rooms2Barhs for rent
Brickfields, Kuala Lumpur
Nadi Bangsar Service Residence
Bangsar, Kuala Lumpur
Nadi Bangsar Service Residence
Bangsar, Kuala Lumpur
Ware House in Ulu Klang For Rent
Ulu Kelang, Selangor
Area Logistic Warehouse in Ulu Klang For Rent
Ulu Kelang, Selangor
Scenaria (Laman Scenaria Kiara)
Segambut, Kuala Lumpur
The Vale Sutera Damansara
Damansara Damai, Selangor
LakeFront Residence Cyberjaya
Cyberjaya, Selangor
DO MORE WITH EDGEPROP.MY
-
Read newsRead the latest news and in-depth coverage of Malaysian property - what's hot, what's not and more
-
Search listingsFind residential or commercial properties for sale, rental and auction by licensed agents
-
Search new projectsCheck out over 200 new project launches and offers by developers in Klang Valley and other locations
-
Get property market insightsGet your personalized property report (including estimated home value) and find past transacted data
-
Get home design ideasZING.my can help you get started on your renovation project. Find hundreds of design portfolios by professionals in Malaysia
-
Partner with usAre you a real estate agent or home professional? List your properties or portfolio with us for free and get quality leads.
