PUTRAJAYA: There is now a clear strategy for each project, in terms of monetisation and governance structure which will ensure 1Malaysia Development Bhd’s (1MDB) future success said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
“It is essential for the company to focus on enhancing its financials further to ensure maximum value creation for the economy.”
“1MDB is in line with its objectives to invest and develop long-term projects.” he said in a statement this afternoon.
Following a comprehensive review of its operations, Husni said 1MDB had been set up with a clear set of objectives that were of strategic importance to the economy with the aim of ensuring its future monetisation and success.
He said the development of Tun Razak Exchange (TRX) and Bandar Malaysia projects undertaken by its power and property ventures will be transformatory for the country’s citzens and economy.
He said 1MDB had also consolidated the once disparate power sector, into what is now the second largest independent power producer in Malaysia,