News about MD

  KLANG (May 17): Prime Minister Datuk Seri Najib Razak yesterday insisted that state fund 1Malaysia Development Bhd's (1MDB) RM42 billion was not lost, saying that the money was now part of the Tun Razak Exchange (TRX) and Bandar Malaysia landbank.

KUALA LUMPUR (May 14): With the controversy over the sale of 1Malaysia Development Berhad's (1MDB) land in the Tun Razak Exchange (TRX) financial district to Lembaga Tabung Haji still raging, a PAS leader has upped the ante by asking who made the decision to sell the land, originally earmarked for Bumiputera, to the state investment vehicle.

KUALA LUMPUR (May 13): In response to media reports that it has bought land in 1Malaysia Development Bhd’s (1MDB) project Tun Razak Exchange (TRX) to build its head office, Kumpulan Wang Persaraan (KWAP) yesterday came forward to explain the situation.

KUALA LUMPUR (May 13): Debt-laden 1Malaysia Development Bhd (1MDB) today announced it has sold land for RM665 million to Indonesia's Mulia Group to build its Signature Tower in the Tun Razak Exchange (TRX), a week after news broke out of a controversial land purchase by Lembaga Tabung Haji.

KUALA LUMPUR (May 12): Pilgrims' fund Lembaga Tabung Haji's sale of a piece of land it purchased for RM188.

KUALA LUMPUR (May 11): PKR today demanded that statutory bodies which had business transactions with 1Malaysia Development Bhd (1MDB) list down all their transactions with the debt-laden strategic investor following reports that pensioners fund KWAP had bought a plot of land at the Tun Razak Exchange (TRX) from 1MDB.

PETALING JAYA (May 11): Retirement Fund Inc (KWAP) will buy a parcel of land and building as its new headquarters at the Tun Razak Exchange (TRX) project in Kuala Lumpur City Centre, The Star reported today, with the price set for more than 15% lower than what Lembaga Tabung Haji had paid under its deal.

KUALA LUMPUR (May 10): Pilgrims' savings fund Lembaga Tabung Haji has been under fire the past few days over a multi-million ringgit land deal with 1Malaysia Development Bhd (1MDB), which critics see as an attempt to bail out the debt-ridden state investment arm.

KUALA LUMPUR (May 9): 1Malaysia Development Bhd (1MDB) should appoint an international, independent auditing firm to examine its accounts, Datuk Seri Hishammuddin Hussein (pictured) said today, adding that this would help dispel public concerns over the debt-ridden state investment firm.

KUALA LUMPUR (May 9): Lembaga Tabung Haji chief executive officer (CEO) Tan Sri Ismee Ismail had stayed out of all negotiations in the funds' purchase of a plot of land from 1Malaysia Development Bhd (1MDB) to avoid conflict of interest, the pilgrims' fund chairman said today as criticism of the deal narrowed in on personalities holding top positions in both funds.