Fri, Aug 12, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

‘Be fair’ as 1MDB does good things too, deputy minister tells critics

Posted on 21 November 2014

Deputy Finance Minister Ahmad Maslan revealed today that 1Malaysia Development Berhad (1MDB) had spent a total of RM382.3 million on social initiatives, making it the biggest contributor among state-owned companies. In an attempt to deflect the bad publicity the government investment firm has been getting in the past months, Ahmad appealed to the public to look at the fund’s “positive” efforts.
“Be fair to 1MDB. Don’t only be cynical. Look at it positively,” he said at a press conference in Parliament. Topping the list in 1MDB’s corporate social responsibility drive is the annual haj pilgrimage, for which the sovereign wealth fund had spent RM28.2 million since 2011………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
August 2022
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031