Well, TDM said that Khazanah should take care of bumiputera agenda...

so of course, they are unsure about their mandate now! LOL

Khazanah delivers strong all-round performance in 2017
Portfolio value rises RM13.4 billion (+13.2%) to a record RM115.6 billion, Profit Before Tax increases 84.7% to RM2.89 billion

Highlights:
Portfolio Net Worth Adjusted (“NWA”) rose by RM13.4 billion or 13.2% to a record RM115.6 billion in 2017 (2016: RM102.1 billion). Long-term value creation remains on an uptrend with NWA growing at a compounded annual growth rate (“CAGR”) of 9.6% per annum, or 3.5x, since 14 May 2004
Realisable Asset Value (“RAV”) grew 8.2% to RM157.2 billion (2016: RM145.3 billion), while RAV cover, a key prudential ratio, increased to 3.1x
Unaudited Profit Before Tax (“PBT”) increased 84.7% to RM2.89 billion (2016: RM1.57 billion)
Sustained progress in long-term strategic value creation, including the launch of a programme to boost innovation in Khazanah’s companies (TIDE). There were ongoing transformation and value creation effects in our core companies, and catalytic development domestically, while international investments continue to gather pace, especially in the technology sector and in China
Sustained performance in delivering societal value, with highlights including RM233.5 million spent on Corporate Responsibility by Khazanah and Yayasan Hasanah, further progress in the Taman Tugu Project, the roll-out of Hari Hasanah and the Hasanah Bersama Rakyat programme
Institutionalisation work continued in 2017, including improving governance and establishing international partnerships on governance standards, implementing a management succession plan and ongoing talent development
Khazanah Nasional Berhad (“Khazanah”) today presented its 14th Khazanah Annual Review (“KAR 2018”), demonstrating continued progress and sustained performance in long-term value creation and delivering financial, strategic and societal returns.

Tan Sri Datuk Wira Azman Hj. Mokhtar, Managing Director of Khazanah said: “We are grateful to have delivered a strong financial performance in 2017, with the portfolio NWA rising 13.2% or RM13.4 billion to RM115.6 billion. This represents a long-term growth of 3.5x (or 9.6% per annum) increase in portfolio value since 2004, delivered on a secure portfolio asset cover of 3.1x (assets over liabilities). Further, PBT jumped 84.7% to RM2.89 billion while good progress was made across all other aspects of our mandate – strategic, societal and institutional.”

If you asked me, they have been doing stellar job, Khazanah. But I guess, there need to be a change of guard. I do hope they maintain their brief

It is indeed quite sad.

The people working in PNB and Khazanah are insanely talented. Try applying for one of their post and get an interview with them. Squirm and buttsqueaking inducing moments for sure lol

Khazanah Nasional Berhad (“Khazanah”) confirms news reports that all Members of the Board of Directors (“Board”) including the Managing Director have offered to resign from the Board. This is done in order to facilitate a smooth and orderly transition under the new Government.

The current Board have been honoured to serve, and feels it appropriate to offer the new Government the discretion and reaffirm the prerogative to form the new Board. We will issue a further statement once we have further details of the reconstitution of the Board.

They offered to resign. I guess ball in TDMs court nao.

This post has been edited by dagnarus: Jul 26 2018, 11:33 AM

LOL Khazanah != PNB la deyyyyy

I think post like this really show how uninformed /k really is.
Patut pun TDM want to become education minister, lol.

This post has been edited by dagnarus: Jul 26 2018, 01:42 PM

Cakap Banyak tak guna.

Kasi share sikitla.