Prasarana CEO steps down; salaries of staff paid via bond issuance


PETALING JAYA: Prasarana Malaysia Bhd chief executive officer Masnizam Hisham in her parting shot has expressed her appreciation to the Finance Ministry for the issuance of bonds to pay the salary of its employees.

Masnizam, who has served Prasarana since 2005, will be stepping down from her position on Sept 2, 2018. 

“I am grateful and would like to thank the Finance Ministry for approving the issuance of sukuk/bonds that will allow the salaries of Prasarana staff for September and the coming months. At least, I did not leave the group with no salary provisions,” she said in her farewell message on Warna Prasarana Facebook page.

 

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Cash purchase vs mortgage
The intriguing viability of themed rentals
DBKL’s tax moves on KLites questioned
Sime Darby Property's Elmina Lakeside Mall achieves 99% occupancy
Sime Darby Property's Elmina Lakeside Mall hits 99% occupancy
Ringgit likely to face cautious trading next week
GDA INCHES CLOSER TO 90% ACCEPTANCE
M&As in the spotlight
Bringing the outdoors in
Asia and EMs offer compelling value

Others Also Read