KUALA LUMPUR, Oct 9 — The restructuring of diversified group Boustead Holdings Bhd is crucial for reducing the Armed Forces Fund Board’s (LTAT) dependence on its income, said...
Salak South Garden's Restoran Hakkayin surprises with the rarely-seen Hakka 'sui pan' from the 1960s plus excellent homestyle Hakka noodles
Its minister, Datuk Seri Mohamad Hasan said the reduction in holdings in Boustead will have a long-term positive impact on LTAT, which is a government statutory body that provides benefits via a retirement savings scheme for officers and members of other ranks of the military. “This also includes recovering LTAT’s total investment in Boustead of RM3.3 billion to enable the pension fund to reinvest in assets that are competitive and able to provide stable and consistent returns to increase the value of its investment assets, which are now worth RM10 billion, through Boustead’s restructuring programme,” he said in the Dewan Rakyat today during the minister’s briefing session on the issues and challenges faced by LTAT.
Boustead is also at risk of bankruptcy, resulting in half of the value of LTAT’s retirement fund, which is almost RM5 billion, declining and being wiped out, if the restructuring is not implemented, he added.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Revised NS programme to include 45 days of army boot camp, says Tok MatAmos Yee is out on parole, barely halfway into his six-year jail term in the United States for grooming a teenage girl and possessing child pornography.
Leggi di più »
BPlant wajar terima tawaran LTATJika berjaya mengambil alih BPlant, LTATA perlu mengkaji semula pengurusan dan kewangan BPlant secara keseluruhan.
Leggi di più »
Mohamad Hasan: LTAT able to reduce income dependence through Boustead’s restructuringKUALA LUMPUR: The restructuring of diversified group Boustead Holdings Bhd is crucial for reducing the Armed Forces Fund Board’s (LTAT) dependence on ...
Leggi di più »
126 summonses issued in blitz on Mat Rempit in PenangPolice also impound 13 illegally modified motorcycles.
Leggi di più »
‘Maaflah, bekas menteri itu salah’, pengerusi Fama pertahan arahan Mat SabuAminuddin Zulkipli menjelaskan Seksyen 1A Akta Fama membolehkan seorang menteri menetapkan padi dan beras sebagai produk pertanian yang boleh diurus oleh Fama jika situasi mendesak.
Leggi di più »
‘Jangan serbu kilang beras sendirian’, kata Mat SabuMohamad Sabu menasihatkan pihak terbabit membuat aduan kepada jawatankuasa khas bagi memantau isu bekalan beras.
Leggi di più »