Thu01192017

LAST_UPDATEWed, 18 Jan 2017 11pm

OIC Extraordinary Meeting In Kuala Lumpur Tomorrow To Discuss Rohingya Issue

OIC Extraordinary Meeting In Kuala Lumpur Tomorrow To Discuss Rohingya Issue

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EC To Meet On Tanjong Datu Vacancy

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LRT Ampang - Sri Petaling Line Down Temporarily

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Bersih 2.0's Former Treasurer Questioned By Police

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Kedah Bans Officials From Golfing Overseas, During Office Hours

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Gambians, Tourists Flee On Eve Of Deadline For Leader To Surrender Power

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Security Issues Sow Divisions As Cyprus Talks Resume

Security Issues Sow Divisions As Cyprus Talks Resume

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Rome Metro Evacuated As Powerful Earthquakes Rock Italy

Rome Metro Evacuated As Powerful Earthquakes Rock Italy

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Police Say 526 Possible Victims In UK Soccer Abuse Scandal, 184 Suspects

Police Say 526 Possible Victims In UK Soccer Abuse Scandal, 184 Suspects

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Republicans: Reducing Manning's Sentence 'Outrageous'

Republicans: Reducing Manning's Sentence 'Outrageous'

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Wall St. Set To Open Higher As Earnings Season Picks Up

Wall St. Set To Open Higher As Earnings Season Picks Up

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Deutsche Bank Sees Fourth Quarter Pretax Impact Of $1.2 Billion From DoJ Civil Penalty

Deutsche Bank Sees Fourth Quarter Pretax Impact Of $1.2 Billion From DoJ Civil Penalty

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Oil Rises On Weaker Dollar, U.S. Production Outlook Caps Gains

Oil Rises On Weaker Dollar, U.S. Production Outlook Caps Gains

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Oil Ticks Up On Weaker Dollar, US Production Outlook Caps Gains

Oil Ticks Up On Weaker Dollar, US Production Outlook Caps Gains

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Capital Curbs Push Chinese Firms To Risky, Costly Dollar Bonds

Capital Curbs Push Chinese Firms To Risky, Costly Dollar Bonds

SHANGHAI: China’s ...

Basi, World's Oldest Captive Panda, Turns 37

Basi, World's Oldest Captive Panda, Turns 37

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New Gmail Phishing Email Is One Of The Cleverest Ever – Have You Been Fooled?

New Gmail Phishing Email Is One Of The Cleverest Ever – Have You Been Fooled?

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Uni Lecturer Who Advertised On FB For A Wife With Master's Degree And Can Iron His Clothes Gets 'Overwhelming Response'

Uni Lecturer Who Advertised On FB For A Wife With Master's Degree And Can Iron His Clothes Gets 'Overwhelming Response'

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Bar Girl Badly Injured After Sex Act With Tourist On Glass Table Goes Horribly Wrong

Bar Girl Badly Injured After Sex Act With Tourist On Glass Table Goes Horribly Wrong

 

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Nostradamus Predicts Donald Trump's Presidency And Other Prophecies To Expect For 2017

Nostradamus Predicts Donald Trump's Presidency And Other Prophecies To Expect For 2017

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KUALA LUMPUR: The government has managed to recover RM79.9 million from its RM250 million loan to the National Feedlot Corporation.

 

Finance Minister II Datuk Seri Ahmad Husni Hanadzlah said the recovery of debt was made by freezing NFCorp's accounts through the Money Laundering Act.

The government, he said, had also seized two plots of land in Putrajaya, three land lots in Gemas, Negri Sembilan and two real estate units in Menerong Township Villa owned by NFC and valued at RM23.3 million.

"There are assets owned by NFC which were not directly bought under the company and we will have to wait until the case is settled in court for us to take further action," he told reporters at the Dewan Rakyat yesterday.

Ahmad Husni added that the assets were valued at RM62.7 million.

He said the ministry had taken three measures to resolve the issue of the controversial NFC project, namely bringing the case to court, recovering debts and assets as well as finding a new company to continue the NFC project.

Husni said a renowned Japanese agro firm, Kirimitonas Agro Sdn Bhd, had expressed interest to take over NFC.

"However we are still in the process of reviewing the company's capabilities in terms of financial and technical aspects," he said, adding that the company had issued a letter of intent to take over the project with the expiry date slated for this October.