The Federal Land Development Authority’s (FELDA) current efforts to reverse its fortunes follows years of financial misadventures, which resulted in accumulated losses of RM10.2 billion during the 2015-2018 period alone. Its experience is, sadly, not unique as other statutory bodies too are wrestling with the results of past mismanagement and failure in oversight.
Lembaga Tabung Haji’s previous net liability position, the Port Klang Free Zone (PKFZ) debacle, National Higher Education Fund Corp’s (PTPTN) management of defaulting borrowers, the cancellation of PR1MA housing projects, Tourism Malaysia’s procurement issues, Civil Aviation Authority of Malaysia’s (CAAM) downgrade by the US Federal Aviation Administration, Majlis Amanah Rakyat’s (MARA) failed investments, and National Water Services Commission’s (SPAN) effectiveness as a regulator following constant water disruptions are just a handful of examples, each one years in the making.
12 Feb 2021 / 07:40 H.
KUALA LUMPUR: Over 17,300 job seekers have secured employment via the national employment portal, MYFutureJobs as of Feb 9, said Human Resources Minister Datuk Seri M. Saravanan. (
pix)
He said although the Movement Control Order (MCO) is still in force, the employment services programme would continue online, in providing job placements for local workers, especially those affected by the Covid-19 pandemic.
The Ministry of Human Resources (KSM) is optimistic the employment services programme could be intensified through MyFutureJobs, as 14 PenjanaKerjaya carnivals, 660 open interview sessions would be held nationwide, apart from the 180 online interview and 200 job webinar sessions,“ he said in a statement to Bernama today.
KUALA LUMPUR: Police have arrested three women and four men believed to be part of an investment scam which duped victims out of over RM831,000.
Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Comm Zainuddin Yaacob said the syndicate went by the name “Iskandar Investment”. They used a name similar to that of the Iskandar Regional Development Authority (IRDA) and we believed it was done to confuse victims. We launched raids on Feb 1 at five locations around Kuala Lumpur and arrested the three women and four men. Our investigations revealed the men were the masterminds of the syndicate, he told reporters at the CCID headquarters on Friday (Feb 5).
Ismail was speaking to reporters after the launch of the Iskandar Malaysia 15-Year Commemorative Campaign’ or ‘IM15CC’ here yesterday. Johor Mentri Besar Datuk Hasni Mohammad launched the event virtually which was witnessed by local government and business leaders.
JOHOR BARU: Despite a challenging business climate due to the Covid 19 pandemic, Iskandar Malaysia is poised to attract about RM17bil in foreign and local investments into the growth corridor this year.
Iskandar Regional Development Authority chief executive Datuk Ismail Ibrahim said that they were optimistic and hopeful of attracting between RM15bil and RM17bil especially with the vaccination for Covid-19 expected to take place this year.
Monday, 01 Feb 2021 07:50 PM MYT
Since its inception in 2006, Iskandar Malaysia’s investments as of December 2020 totalled RM340.3 billion, of which 60 per cent or RM202.2 billion has been realised. Reuters pic
Subscribe to our Telegram channel for the latest updates on news you need to know.
JOHOR BAHRU, Feb 1 Iskandar Regional Development Authority (IRDA) attributes the RM17 billion investment raked in by Iskandar Malaysia in 2020, which was lesser than the average RM30 billion it could draw in previous years, to Covid-19.
It expects the pandemic to continue to affect investment into the main southern development corridor, projecting an estimation of RM15 billion to RM17 billion for 2021.