Some TH properties not performing, Dr M says

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

The prime minister says some Lembaga Tabung Haji properties are not giving returns, in commenting on the transfer of four hotels to the finance ministry. FMTNews THhotel

The TH hotels which will be closed are in Kota Kinabalu, Penang, Alor Setar and Kuala Terengganu.

PUTRAJAYA: Prime Minister Dr Mahathir Mohamad today defended the transfer of four Lembaga Tabung Haji hotels to ministry of finance subsidiary Urusharta Jamaah Sdn Bhd , saying some TH properties are not useful. “Some of the properties are not useful, cannot give returns,” he told reporters after officiating a National Anti-Drug Month event.Yesterday, it was reported that according to a company circular posted by former prime minister Najib Razak, four hotels owned by the pilgrims management board would be closed in April.Najib posted images of a company circular signed by Zulkeffli Ahmad, group managing director of TH Hotel and Residence Sdn Bhd, which owns and operates the hotels.

TH, in a statement this morning, said the move to place the hotels under UJSB was part of the government’s restructuring plan for the struggling pilgrims fund.Meanwhile, Mahathir said the government would review existing punishments for drug-related crimes, which he noted were quite harsh.“Many feel that this is ineffective… We will study whether this is correct or not. And if we find that there are other ways in the law that can prevent abuse of drugs or trafficking, we will amend the law.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Past Govt has been constantly bailing out non performing properties,business entities and human resource.But its plain irresponsible now with current economic climate to make such irrational moves..PH is definitely the right minded in this.chedetofficial mujahidrawa guanenglim

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dr M pertahan keputusan TH pindah milik 4 hotel kepada MOFKeputusan itu dibuat selepas mendapati beberapa hartanah milik TH tidak memberi keuntungan kepada agensi berkenaan. FMTNews THhotel TabungHaji TH Hotel ni untung masa pembinaan. Kalau rajin suh sprm cek. Kalau rajin la Incompetent ppl do not know how to run the company & taxpayer have to bail out. Can we pls get someone qualified to do the job & not some incompetent political crony who has no passion & other priorities. Enough please
Source: fmtoday - 🏆 5. / 72 Read more »

4 TH hotels to continue operations under new entityKUALA LUMPUR: The operations of four Lembaga Tabung Haji (TH) hotels, transferred to Finance Ministry’s special purpose vehicle Urusharta Jamaah Sdn Bhd (UJ), will continue under a new management without any downsizing.
Source: NST_Online - 🏆 17. / 53 Read more »

Dr M: Tabung Haji 'letting go' properties that are not profitablePUTRAJAYA: Tabung Haji is 'letting go' some of its properties because they are not giving any returns, says Tun Dr Mahathir Mohamad. Its plan business wisdom sustainability to cut off loses..But wisdom only holds water with PH.Unlike the great swamp of PASUmno.Constantly sucking out and off public money in its manipulative decision making..chedetofficial guanenglim mujahidrawa TI_Malaysia aslimyofficial
Source: staronline - 🏆 4. / 75 Read more »

Dr M: I'll step down but only after ApecPUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad says he does not know if the date of power transition will be fixed at the Pakatan Harapan presidential council meeting on Friday (Jan 21). I only want the gov to keep their promises during the election instead of busy themselves to find the suitable time for the power wake up the sleeping tiger or the tiger just ignore the wake up call. Please take a good rest. If it's 'before' - we know it's between Feb till Nov. But what is 'after' ? Pls define 'after' chedetofficial
Source: staronline - 🏆 4. / 75 Read more »

Dr M pertahan keputusan TH pindah milik 4 hotel kepada MOFKeputusan itu dibuat selepas mendapati beberapa hartanah milik TH tidak memberi keuntungan kepada agensi berkenaan. FMTNews THhotel TabungHaji TH Hotel ni untung masa pembinaan. Kalau rajin suh sprm cek. Kalau rajin la Incompetent ppl do not know how to run the company & taxpayer have to bail out. Can we pls get someone qualified to do the job & not some incompetent political crony who has no passion & other priorities. Enough please
Source: fmtoday - 🏆 5. / 72 Read more »

UM claims volunteers chose to help with China students, not made to perform fever scans | Malay MailKUALA LUMPUR, Feb 16 — Universiti Malaya asserted today that student volunteers who reportedly complained they were put in close contact with Chinese nationals did so of their own accord. The university also maintained that it fully abided by the government’s protocol for centralised...
Source: malaymail - 🏆 1. / 86 Read more »