Malaysia orders sovereign fund audit on loss-making venture

Quick Summary:

Malaysian Prime Minister Anwar Ibrahim ordered sovereign wealth fund Khazanah Nasional Berhad to carry out an internal audit to investigate issues related to 43.9 million ringgit ($10 million) in investment losses.

The total loss from the sale is “very small” compared to the total income Khazanah and PNB generated that year, it added.

This is to ensure all government-linked companies “fulfil the demands of their respective responsibilities and functions,” he said in a post on X on Saturday.

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Article Details

Category: EconomyBusiness

Markets: ThailandMalaysia

Topics: Fashion Total Malaysian Ringgit Investment Million Post Khazanah Losses

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 13:52:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23375753

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