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LPPSA

Auditor-General flags RM10 bil loan PTPTN, home financing board took to service existing debt

Two statutory bodies with outstanding borrowings – the Public Sector Home Financing Board (LPPSA) and the National Higher Education Fund (PTPTN) – took on new debt of RM5 billion each in 2022 to service existing debt, a concern flagged by the Auditor-General (A-G).

◉ Popular

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

Cleared for layoffs? AirAsia to retrench 20% of workforce in major cost-cutting move

This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source

National shuttlers demand RM2 million salaries: can BAM keep up financially?

Several top athletes aim for salaries that could outpace even the highest-earning footballers, raising questions about the sustainability of funding within Malaysian sports