PAC: High investment risks led to Khazanah's losses


KUALA LUMPUR: High investment risks in a handful of companies are among the reasons why Khazanah Nasional Berhad incurred pre-tax losses of RM6.3bil last year, says Parliament's Public Accounts Committee (PAC).

The PAC revealed this following a probe on Khazanah's huge losses in 2018 compared to the RM2.7bil profit the government's sovereign wealth fund made in 2017.

11.11 Flash Sale! Get 40% OFF Digital Access!

Monthly Plan

RM 13.90/month

RM 8.34/month

Billed as RM 8.34 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 7.40/month

Billed as RM 88.80 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
PAC , Khazanah Nasional , Noraini Ahmad

Next In Nation

Upko's Ewon to quit Cabinet, disagrees with Federal Govt's position on 40% revenue claim
Sabah polls: DAP reshuffles candidates in major restructuring exercise
Support from all needed to make national education agendas successful, says Fadhlina
Sabah polls: Armizan confirms not contesting any state seat
Ramanan urges new Sabah cooperatives to tap ministry's initiatives
Economy cannot progress if federal, state govts not aligned, says Anwar in Sabah
Sabah has alienated over 16,000ha in state as kampung reserve land
Sabah polls: State Barisan launches AI chatbot
Drowning incident: KL Education Dept to conduct internal probe, review SOPs
Govt expands disaster aid, payments can be claimed every three months, says Nadma

Others Also Read