The Finance Minister, who is a member of Khazanah’s board of directors, said this was the first time he had heard of such news.“I have never heard Malaysia Airlines chairman, Khazanah’s board or CEO saying they will put money into MAS, but it’s up to the company if they want to do so.
Zafrul said this when asked to comment about a news report by Bloomberg, citing sources, that Khazanah was considering providing as much as RM5bil to MAS to see it through the Covid-19 pandemic which brought on slump in bookings.The national carrier said it was currently realigning its long-term business plan to the changing aviation landscape.
When asked if the Finance Ministry would be injecting any funds into the aviation industry, Zafrul said no. “Given the liquidity today in Malaysia for ringgit, especially, we see no reason why we should tap on foreign borrowing, although we can and we have limited it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Another liar, money to prop up mas will come from tax payers. Provide embezzlement for this corrupt govt.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MAS shareholder Khazanah has not pledged funding, parent company saysMalaysia Aviation Group adds Khazanah has been supportive of their efforts to cope with the impact of coronavirus pandemic.
Source: malaysiakini - 🏆 20. / 51 Read more »
Finance minister confirms no plans for Khazanah to inject ailing Malaysia Airlines with RM5b Covid-19 aid | Malay MailKUALA LUMPUR, June 12 — Malaysia’s sovereign wealth fund does not plan to provide a RM5 billion assistance to the national airline bleeding losses due to the Covid-19 pandemic, Tengku Datuk Seri Zafrul Abdul Aziz said today. The finance minister who is also board member of Khazanah Nasional... Just let it die. It will be fine. We will live. U see what happened during COVID-19. Like seasons.
Source: malaymail - 🏆 1. / 86 Read more »
Economic stimulus implementation coordination unit Laksana ensures transparency in implementing Penjana, Prihatin, says finance minister | Malay MailKUALA LUMPUR, June 11 — The Economic Stimulus Implementation and Coordination Unit Between National Agencies (Laksana) will ensure all measures under the National Economic Recovery Plan (Penjana) and the Prihatin Rakyat Economic Stimulus Package (Prihatin) reach their target groups in a...
Source: malaymail - 🏆 1. / 86 Read more »
We've sufficient liquidity to execute Penjana, says finance ministerFinance Minister Tengku Zafrul Tengku Abdul Aziz says it has been using local borrowings by tapping into the local bond market. FMTNews Local borrowing? Macai macai umnopas kata kerajaan ada duit kenapa pulak borrows?
Source: fmtoday - 🏆 5. / 72 Read more »