Arul: 1MDB has no short-term debts


1MDB CEO Arul Kanda giving a talk on 1MDB during Bicara Negara in Ipoh yesterday. - SAIFUL BAHRI/The Star

IPOH: 1Malaysia Development Bhd (1MDB) has no short-term debts but only long-term liabilities of some RM31bil that would be repaid according to schedule, its chief executive officer Arul Kanda Kandsamy said.

He said the investment fund had assets of RM43bil that was more than enough to cover the debts.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , 1mdb , arul kanda , debt , rm31bil , asset ,

Next In Business News

US stock futures rise on Iran deal optimism; oil tumbles
Mohd Rizal Zubair steps down as Country Heights CEO to pursue personal interests
Business ops remain uninterrupted, says Tanco
Ringgit closes higher against greenback on news of US-Iran peace deal
Singapore labour market expands in 1Q, employment rises by 9,400
Mieco Chipboard to be renamed Mieco from June 18
Bursa Malaysia ends higher, tracking Asian peers on improved global sentiment
Bursa Malaysia freezes Paragon Union's lower limit price at RM2.29
Vantris Energy returns to profit in 1QFY27, records RM145.79mil net profit
Mycron steel unit to acquire Shah Alam industrial land for RM30mil

Others Also Read