1MDB misses deadline for $820m payment to Abu Dhabi fund

August 02, 2017 5:00 AM

Beleaguered state fund 1Malaysia Development Berhad (1MDB) yesterday failed to make a US$602.725 million (S$820 million) payment owed to Abu Dhabi’s state investor, which warned of “additional obligations” if the money was not banked in within a “five-business-day cure period”.

Post Views: 163

# @News

Trump’s Victory: What Next for Indonesia’s Economy and Diplomacy

With Donald Trump now confirmed as the U.S. president, Indonesia’s economy and diplomatic positioning will likely face significant shifts, reflecting both challenges and strategic opportunities. Trump’s prioritization of economic nationalism could reshape Indonesia’s trade and investment dynamics with the U.S., emphasizing bilateral agreements that may favour American interests. Targeted investments in sectors like energy could …

Revamping Education Infrastructure in Indonesia Post-2024 Elections

Revamping Indonesia’s education infrastructure is critical to boosting the nation’s development and enhancing literacy rates. The core of this revamping process involves substantial improvements in physical infrastructure, curriculum modernization, technology integration, and teacher training. Upgrading school facilities across Indonesia, especially in remote and rural areas, is pivotal. Many schools lack basic amenities such as proper …

Stimulating Renewable Energy Development in Rural Indonesia: A Path Toward Sustainability

Renewable energy, derived from natural sources that are replenished regularly, such as sunlight, wind, and biomass, is increasingly central to discussions on sustainable development. Sustainable development aims to meet the needs of the present without compromising future generations’ ability to meet their own needs, thus preserving natural resources and minimizing environmental impact. For Indonesia, particularly …

News

Share this:

Related