Malaysia Has Recovered $7 Billion in Funds Linked to 1MDB
As of end-July, 42.17 billion ringgit has been channeled to 1MDB to finance debt repayments and fulfill the company's commitments, the Finance Ministry said in a written parliamentary reply on Wednesday. Of the amount, 15.44 billion ringgit was channeled from the Finance Ministry and the Minister of Finance Incorporated in the form of shareholder advances or loans, while 26.73 billion ringgit came from the proceeds of 1MDB's asset recovery, it said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Match against Ronaldo's Al-Nassr 'once-in-a-lifetime moment' for Indian club FC Goa
Cristiano Ronaldo will travel to India to face FC Goa in an Asian Champions League Two match being hailed as 'historic' in the country. Al-Nassr of Saudi Arabia and its superstars were drawn Friday against the Indian Super League (ISL) club in Group D of Asia's second tier club competition, along with Istiklol of Tajikistan and Iraq's Al-Zawraa. The top two from each of the eight groups advance to the second round. 'This is truly a once-in-a-lifetime moment for FC Goa,' club CEO Ravi Puskur told The Associated Press. 'To host Al-Nassr and Cristiano Ronaldo is arguably the biggest game in Indian club football history.' Ronaldo, 40, has yet to win a major trophy since signing for the Riyadh club in 2022 and the team is expected to be at full strength when the action starts in September Al-Nassr, which finished third in the Saudi Pro League last season, also boasts famous names such as former Liverpool star Sadio Mane and Joao Felix, the Portuguese forward who signed from Chelsea in July. 'For Indian football, this is historic,' Puskur added. 'We are here on merit, and a match like this gives us the chance to show that we can compete on the continental stage, becoming part of the sport's biggest narratives.' Puskur is confident that the excitement will be felt all over the country to give the local game a much-needed boost. 'It's a unique opportunity to bring global attention to Indian football and, most importantly, a chance to spark a greater interest in Indian football among fans across the country, giving the game the spotlight it has long needed,' he said. The draw comes with Indian domestic soccer in crisis. The 2025-26 ISL season was due to start in September, but has been suspended due to uncertainty over the renewal of an organising agreement between the Indian federation and its commercial partner, the Football Sports Development Ltd., pending a Supreme Court order. Bengaluru FC, Odisha FC and Chennaiyin FC have either suspended salaries or ceased soccer operations until a solution is found. 'While the financial boost is important, the bigger picture is the opportunity this creates for long-term growth,' said Puskur. 'The global attention, sponsorship interest, and fan engagement from a moment like this help strengthen the club's foundations, allowing us to invest in the future.' ___ AP soccer:
Yahoo
26 minutes ago
- Yahoo
Palantir Expands SOMPO Partnership in Multi-Year Deal
Palantir Technologies (PLTR, Financials) said Tuesday it signed a multi-year expansion of its partnership with SOMPO Holdings through its Japanese joint venture, Palantir Technologies Japan KK. The deal deepens SOMPO's use of Palantir's Foundry platform across subsidiaries, including applications in care facilities, government reporting and claims processing. Warning! GuruFocus has detected 6 Warning Sign with NSE:IOC. SOMPO is using Foundry to revamp its claims process, from fraud detection to payment optimization. The company's underwriters are supported by AI agents that automatically evaluate risk and make recommendations, which is expected to improve financial results by $10 million annually. More than 8,000 SOMPO employees in Japan actively use Palantir software. This is the second expansion of the agreement since a $50 million extension in 2023. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
29 minutes ago
- Associated Press
Match against Ronaldo's Al-Nassr 'once-in-a-lifetime moment' for Indian club FC Goa
Cristiano Ronaldo will travel to India to face FC Goa in an Asian Champions League Two match being hailed as 'historic' in the country. Al-Nassr of Saudi Arabia and its superstars were drawn Friday against the Indian Super League (ISL) club in Group D of Asia's second tier club competition, along with Istiklol of Tajikistan and Iraq's Al-Zawraa. The top two from each of the eight groups advance to the second round. 'This is truly a once-in-a-lifetime moment for FC Goa,' club CEO Ravi Puskur told The Associated Press. 'To host Al-Nassr and Cristiano Ronaldo is arguably the biggest game in Indian club football history.' Ronaldo, 40, has yet to win a major trophy since signing for the Riyadh club in 2022 and the team is expected to be at full strength when the action starts in September Al-Nassr, which finished third in the Saudi Pro League last season, also boasts famous names such as former Liverpool star Sadio Mane and Joao Felix, the Portuguese forward who signed from Chelsea in July. 'For Indian football, this is historic,' Puskur added. 'We are here on merit, and a match like this gives us the chance to show that we can compete on the continental stage, becoming part of the sport's biggest narratives.' Puskur is confident that the excitement will be felt all over the country to give the local game a much-needed boost. 'It's a unique opportunity to bring global attention to Indian football and, most importantly, a chance to spark a greater interest in Indian football among fans across the country, giving the game the spotlight it has long needed,' he said. The draw comes with Indian domestic soccer in crisis. The 2025-26 ISL season was due to start in September, but has been suspended due to uncertainty over the renewal of an organising agreement between the Indian federation and its commercial partner, the Football Sports Development Ltd., pending a Supreme Court order. Bengaluru FC, Odisha FC and Chennaiyin FC have either suspended salaries or ceased soccer operations until a solution is found. 'While the financial boost is important, the bigger picture is the opportunity this creates for long-term growth,' said Puskur. 'The global attention, sponsorship interest, and fan engagement from a moment like this help strengthen the club's foundations, allowing us to invest in the future.' ___ AP soccer:
