2 days ago
- Business
- New Straits Times
PM: Govt mulls discount on police cooperative's old, bad debts
KUALA LUMPUR: The government will consider the possibility of writing off old and irrecoverable debts under the Royal Malaysia Police Cooperative Bhd (RMPC), Prime Minister Datuk Seri Anwar Ibrahim said today.
However, Anwar said any such move must be carried out responsibly, with a focus on ensuring the cooperative's sustainable management.
"I do not think it is reasonable for us to write off everything, but I believe that with good management and solid performance, we can offer a reasonable reduction," he said in his keynote address at the RMPC Annual General Meeting.
Anwar, who is also the finance minister, requested that the Home Ministry provide him with the cooperative's financial report to be presented to the Finance Ministry.
