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.

 

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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

Ringgit opens higher amid cautious sentiment�
FBM KLCI moves sideways on inflation risk and growing geopolitical turmoil
Trading ideas: TCS, Handal, Binastra, DLMI, Hibiscus, Cape EMS, Dialog, Star, APM, Comfort, Hextar
Oil settles flat on partial restart of Sverdrup field
Dutch Lady’s 3Q24 net profit rises
Bank Negara committed to supporting country’s cash economy
Innovation, collaboration key to drive market resilience
TCS bags Sabah Pan Borneo Highway deal
Steady loan growth a win for Alliance Bank
Dialog quarterly bottom line rises 14%

Others Also Read