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Zuraimi Abdullah

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Articles

Angkasa fast tracks RM200mil Boost stake buy: Sources

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By Zuraimi Abdullah Verified
| New Straits Times Verified
KUALA LUMPUR: Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa) is accelerating plans to buy a RM200 million strategic stake in Boost Holdings Sdn Bhd. Sources said the cooperative aims to complete the transaction within the next few weeks after making an initial payment of RM30 million. Boost is the largest shareholder of Boost Bank Bhd, one of the five digital banks licensed by Bank Negara Malaysia.
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GLCs need stronger checks on public funds: Economists [WATCH]

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By Zuraimi Abdullah Verified, Faiqah Kamaruddin
| New Straits Times Verified
KUALA LUMPUR: Governance safeguards imposed on civil servants over investment declarations should be extended to government-linked companies (GLCs) and statutory bodies managing public funds. Economists said governance principle should remain consistent regardless of whether individuals operate within the civil service or corporatised entities as concerns over graft and leakages persist.
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Urusharta settles RM12.5bil sukuk owed to Tabung Haji [WATCH]

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By Zuraimi Abdullah Verified, Diyana Isamudin
| New Straits Times Verified
KUALA LUMPUR: Urusharta Jamaah Sdn Bhd has fully settled the RM12.5 billion sukuk owed to Lembaga Tabung Haji upon its maturity on May 29, marking the completion of a key obligation arising from the pilgrimage fund's restructuring in 2018. The repayment was effected through a new RM11.5 billion sukuk issuance and the transfer of two land parcels valued at RM965 million, Tabung Haji chairman Tan Sri Abdul Rashid Hussain said.
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