Fri02122016

LAST_UPDATEFri, 12 Feb 2016 5pm

Magnitude 2.1 Quake Hits Ranau

Magnitude 2.1 Quake Hits Ranau

KUALA LUMPUR: A weak...

Thai Women Only Interested In Marrying Malaysian Men If They Are Over 50

Thai Women Only Interested In Marrying Malaysian Men If They Are Over 50

While it is almost...

Bangladeshi Worker Thrashed By Group of Intoxicated Vietnamese In Kajang

Bangladeshi Worker Thrashed By Group of Intoxicated Vietnamese In Kajang

KAJANG: A Bangladesh...
Adenan Sings To Raise RM1.4 Mil For Kidney Patients

Adenan Sings To Raise RM1.4 Mil For Kidney Patients

SIBU: Sarawak Chief ...

AG Drops Sedition Charge Against UM's Prof Azmi Sharom

AG Drops Sedition Charge Against UM's Prof Azmi Sharom

KUALA LUMPUR: Atto...

Woman Killed After Calling Man 'Gay', Refused To Let Him Do Her Hair

Woman Killed After Calling Man 'Gay', Refused To Let Him Do Her Hair

British Lee Anthon...

Man Who Punished Wife To Walk Naked On The Streets With A Towel Has No Regrets

Man Who Punished Wife To Walk Naked On The Streets With A Towel Has No Regrets

24-year-old Jason ...

Toddler Burned A Hole In His Throat After Swallowing Battery From A Remote Control

Toddler Burned A Hole In His Throat After Swallowing Battery From A Remote Control

A two-year-old fro...

Indonesia Warns Messaging Apps To Drop Same-Sex Emoticons

Indonesia Warns Messaging Apps To Drop Same-Sex Emoticons

JAKARTA, Indonesia...

Teen Who Killed 5 Family Members To Be Sentenced As Juvenile

Teen Who Killed 5 Family Members To Be Sentenced As Juvenile

ALBUQUERQUE, N.M. &n...

S. Korean Economy Struggling With Faltering Exports, Slowing Demand

S. Korean Economy Struggling With Faltering Exports, Slowing Demand

SEJONG, Feb. 12 - Th...
Japanese Shares Plunge Amid Global Economic Worries

Japanese Shares Plunge Amid Global Economic Worries

The benchmark Nikkei...
Gold Eyes Best Week In 4 Years As Market Turmoil Boosts Haven Appeal

Gold Eyes Best Week In 4 Years As Market Turmoil Boosts Haven Appeal

Gold on Friday clung...
Asian Shares Slide As Bank Fears Add To Global Gloom

Asian Shares Slide As Bank Fears Add To Global Gloom

TOKYO: Asian sh...

The Banker At Centre Of Swiss Bank BSI, 1MDB Relationship

The Banker At Centre Of Swiss Bank BSI, 1MDB Relationship

A private banker, ...

Caribbean Whales Have An Accent

Caribbean Whales Have An Accent

Whales from across t...

A New Study Confirms That Spending $1 On Childhood Vaccines Can Save $44 In Future Savings, In Poor Countries

A New Study Confirms That Spending $1 On Childhood Vaccines Can Save $44 In Future Savings, In Poor Countries

A comprehensive new ...

In The US, A College Education Is Far More Expensive For Women Than For Men

In The US, A College Education Is Far More Expensive For Women Than For Men

College has become s...

Two Things That Could Keep The New Barbie From Being The Success It Should Be

Two Things That Could Keep The New Barbie From Being The Success It Should Be

Barbie's recent ov...

What Are Today's Headlines?

What Are Today's Headlines?

As the week draws ...

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.