Several options have been evaluated to resolve key issues faced by the national carrier.
Malaysia’s sovereign wealth fund Khazanah Nasional Bhd says it will continue to work closely with the government and Malaysia Airlines to further review the proposals and finalise a decision on the appropriate strategic option moving forward.
Managing director Shahril Ridza Ridzuan said the fund has evaluated options to resolve key issues faced by Malaysia Airlines.“A total of nine proposals were received, of which four were shortlisted,” he said in a statement today. Meanwhile, Shahril Ridza said that Khazanah has successfully achieved a resolution on the PLUS Malaysia toll restructuring.
He said the resolution resulted in an 18 per cent reduction in toll rates on PLUS highways and savings to the government totalling RM42 billion over the new concession period ending 2058 while maintaining Khazanah and the Employees Provident Fund as PLUS shareholders. “This restructuring is now at the stage of discussions with stakeholders to put into place the necessary amendments to existing agreements,” he added. -
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Khazanah will continue working with govt to scrutinise proposed deals for Malaysia Airlines | Malay MailKUALA LUMPUR, March 2 — Malaysia’s sovereign wealth fund Khazanah Nasional Bhd says it will continue to work closely with the government and Malaysia Airlines to further review the proposals and finalise a decision on the appropriate strategic option moving forward. Managing director...
Read more »
Covid-19: Malaysia Airlines jadual semula penerbangan dari Arab SaudiMalaysia Airlines berkata sesetengah penumpang mungkin perlu berlepas dari bandar raya berbeza atau mengalami kelewatan penerbangan. FMTNews MalaysiaAirlines Covid19
Read more »
Position of Bersatu exco in Selangor govt to be reviewed - MBSHAH ALAM: The position of the sole Parti Pribumi Bersatu Malaysia (Bersatu) state executive councillor in Selangor government will be reviewed after the formation of the federal government.
Read more »
Has Muhyiddin turned Bersatu into 'Ber-1MDB'?LETTER | Little did everyone know that Muhyiddin was the main actor in the 'backdoor gov't' play.
Read more »
Amal by Malaysia Airlines adjusts flights to transport passengers in Saudi ArabiaPUTRAJAYA: Amal by Malaysia Airlines, the national carrier’s special charter service which caters specifically for haj and umrah pilgrims, is adjusting its current double daily flights between Kuala Lumpur International Airport and Jeddah (JED) and Madinah (MED) to transport its passengers who are already in Saudi Arabia.
Read more »
Khazanah back in black, declares RM1 billion dividend | The Malaysian InsightSovereign wealth fund makes RM7.36 billion profit from operations last year, compared to RM6.27 billion loss in 2018.
Read more »