Concern over PR1MA’s ability to repay loans

PETALING JAYA: A net loss of RM257mil was recorded by PR1MA Corporation Malaysia (PR1MA) in 2022, according to the Auditor-General’s Report.

It also raised concerns about the government housing agency’s ability to repay its Islamic Medium Term Note Loan Repayment (Sukuk Tranche 2) based on PR1MA’s cash and cash-equivalent balance as of Dec 31, 2022.