Latest news with #developmentprojects
Malay Mail
3 days ago
- Health
- Malay Mail
Health Ministry completes 12 facilities scheduled for 2025, 29 others ongoing
PUTRAJAYA, June 27 — A total of 12 out of 41 health facility construction projects scheduled for this year under the 12th Malaysia Plan (12MP) have been completed as of June 16, according to the Ministry of Health (MOH). Six of the completed projects will soon be officially handed over by the Works Ministry (KKR), with Pasir Gudang Hospital in Johor scheduled for handover on June 29, it added. 'The remaining 29 projects are currently in the implementation phase,' it said in a statement today, issued in conjunction with the MOH Development Action Council (MTPK) meeting, chaired by Health Minister Datuk Seri Dzulkefly Ahmad. The MTPK meeting serves as a platform to review the performance of ongoing development projects, assess their current status and coordinate the direction for the close of 12MP while laying the groundwork for the 13MP. The MOH noted that 2024 marks the final acceleration phase to meet 12MP targets, which allocated RM6.74 billion for the implementation of 290 new projects and 389 continuation projects, bringing the total MOH development allocation since 2021 to RM25.84 billion. As of June 16, MOH's development expenditure performance stood at 26.86 per cent, which remains below the national average of 36.31 per cent, the ministry said. The meeting also addressed the need for firmer measures to ensure all projects are completed on schedule. 'This includes a reassessment of contractors' capabilities by the KKR through the Public Works Department (JKR) as the implementing agency, in order to determine appropriate intervention steps, in addition to more rigorous monitoring,' the statement said. Meanwhile, Dr Dzulkefly expressed appreciation to all parties involved in successfully delivering projects on target, while stressing that any weaknesses or lapses in the management and governance of MOH development projects must be taken seriously. 'The MOH top management and all stakeholders are reminded to carry out their responsibilities transparently, swiftly and with full accountability, without compromising access to or the quality of healthcare services for the people,' he said. — Bernama
Malay Mail
31-05-2025
- Business
- Malay Mail
‘Political developments are normal': Umno-PKR unity intact despite Tengku Zafrul exit, says Johari Ghani
BATU PAHAT, May 31 — Umno's cooperation with Parti Keadilan Rakyat (PKR) within the unity government remains intact despite Tengku Datuk Seri Zafrul Abdul Aziz's resignation from the party, said Datuk Seri Johari Abdul Ghani. Johari, who is Umno vice-president, said both parties must remain united in their efforts to ensure the country's political stability. 'For example, in government, I play a role in national development as a minister. Political developments are normal, but they should not affect the strength of our coalition within the unity government and the country,' he said. He was speaking to reporters after officiating the Madani Adopted Village (KAM) programme handover ceremony for the Plantation and Commodities Ministry (KPK) at Kampung Parit Bilal here today. Yesterday, Tengku Zafrul, who is Minister of Investment, Trade and Industry, announced his resignation as an Umno Supreme Council member, Kota Raja division chief and party member. On today's programme, Johari, who is also Plantation and Commodities Minister, said a total of RM2.5 million has been allocated to Kampung Parit Bilal and Kampung Parit Ahmad under the KPK Madani Adopted Village initiative. The funds will go toward implementing various development projects, including upgrading educational facilities, houses of worship and basic infrastructure, he said. He said the initiative also involves strategic cooperation with relevant ministries and agencies, the Batu Pahat district office, Johor state development office, village development and security committees (JPKK) and local community leaders. 'Among the activities planned are entrepreneurship training, such as chocolate-making courses and outreach programmes under the Technical and Vocational Education and Training (TVET) MyCommodity initiative,' Johari added. — Bernama
LBCI
21-05-2025
- Business
- LBCI
Lebanon prepares for high-level visit to Iraq to boost bilateral cooperation
Prime Minister Nawaf Salam chaired a ministerial meeting attended by Finance Minister Yassine Jaber, Economy Minister Amer Bisat, and Energy and Water Minister Joe Saddi, as part of preparations for an upcoming official visit to Iraq aimed at strengthening cooperation on shared development projects. The visit follows ongoing coordination between Prime Minister Salam and Iraqi Prime Minister Mohammed Shia Al-Sudani, focusing on expanding bilateral ties, particularly in the energy sector. Central to the talks will be the rehabilitation and activation of the oil pipeline between Iraq and Lebanon, establishing a special economic zone for petrochemical manufacturing and storage, and developing a fiber optic line from Iraq through Lebanon to Europe. The agenda also includes reactivating the Iraqi-Lebanese joint committee and encouraging private sector investments between the two countries. The Lebanese delegation aims to deepen economic and strategic cooperation in ways that serve both nations' long-term development goals.
Zawya
21-05-2025
- Business
- Zawya
Kuwait: New Public Debt Law aims to boost financing and liquidity
KUWAIT CITY - Undersecretary of the Ministry of Finance Aseel Al-Munifi has emphasized the core objectives of the newly issued Public Debt Law -- Financing and Liquidity, highlighting its role in providing the State with diversified financial resources, both locally and internationally, to support development projects. In a media briefing on Monday, Al-Munifi explained that the law is designed to strengthen domestic financial markets, stimulate the banking sector, and reflect the State's capacity to borrow responsibly. She stressed that access to liquidity will enhance the financial reserves of the country, helping it to meet obligations amid evolving global economic conditions. Al-Munifi stated that the Public Debt Law will play a pivotal role in advancing numerous development initiatives, ultimately driving economic growth and supporting Kuwait's vision of becoming a regional financial hub. 'Among the key projects to be financed under this law are strategic initiatives in infrastructure, housing and health cities, which form a cornerstone of the national development agenda,' she revealed. She added that the law provides flexible and sustainable financial instruments, reinforcing the government's commitment to diversifying funding sources. In this context, Al-Munifi revealed that a sukuk issuance law will soon follow, pending final procedures. She affirmed that the law is sovereign, with the Ministry of Finance authorized to mandate the Central Bank or Kuwait Investment Authority to act on its behalf in securing financing. The ministry, she added, remains committed to developing a robust legislative framework to enhance the country's fiscal environment. Faisal Al-Muzaini, Director of the Public Debt Department at the ministry, confirmed that borrowing from both domestic and international sources is incorporated into the 2025/2026 budget, with estimated borrowing expected to range between KD3 and KD6 billion. He pointed out major differences between the current and previous debt laws, indicating the new legislation raises the borrowing ceiling from KD10 billion to KD30 billion; and extends the borrowing term from 10 to 50 years. 'It also introduces specific expenditure guidelines, a new element compared to the earlier framework,' he stated. He stressed the importance of leveraging local markets alongside global ones, explaining that the new debt law will positively influence Kuwait's credit rating by showcasing its fiscal discipline and ability to manage development financing effectively. He described the law as 'one of the most significant financial reforms in Kuwait's history.' He also revealed that a flexible financing strategy has been developed to engage confidently with global markets, focusing on minimizing borrowing costs and diversifying the investor base across regions and institutions. He said the main goal is to develop a local debt market by establishing a reliable yield curve, which will serve as a benchmark for domestic investors. He added Kuwait's debt-to-GDP ratio stands at just 2.9 percent, significantly lower than international benchmarks, where this ratio often exceeds 50 percent or 60 percent. He confirmed this low ratio positions Kuwait advantageously to enter capital markets after an eight-year hiatus. Asked whether public debt could be used to repay existing obligations, he confirmed that the law does not prohibit such use and that it will be considered within the broader financing strategy. Although no specific timeline has been set for the initial borrowing, he stated that preparations are underway and that the ministry is nearing the final stages before entering the markets. Regarding borrowing models, he clarified that Kuwait will follow a strategy tailored to its unique fiscal position, leveraging its sovereign reserves and national standards rather than adopting any predefined international model. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Argaam
19-05-2025
- Business
- Argaam
SPGA denies rumors about residential land distribution in Riyadh
The State Properties General Authority (SPGA) denied rumors regarding the distribution of residential land plots in Riyadh. In a statement, the authority emphasized that all major initiatives and development projects are only announced through official channels.
