KHAZANAH NASIONAL BERHAD
A government-owned investment holding arm of Malaysia. Incorporated on September 3, 1993 under the Companies Act 1965, it holds and administers the sovereign wealth fund of the country. Also, it undertakes new investments where there are strategic opportunities for the government. Malaysian Ministry of Finance is the organization’s lone shareholder.
It has more than 50 companies and assets are approximately $25 billion in 2009.
POPULAR TERMS
Property Tax
Local governments assess property tax on real estates. The tax is often based on the property’s value.
Onerous Contract
A contract that produces products or services for a bigger amount that would be anticipated profit. A lease contract is an example of onerous contr ...
Overhead
It is an accounting term that refers to all current business expenses not including o direct labor, direct materials or third-party expenses which ...
Substitute
Product or service replacing and satisfying the need of a consumer. This can be perfect or imperfect, depending on whether the substitute partially ...
Materials Requirement Planning - MRP
A production planning and inventory control system designed to manage manufacturing processes and production. A software based integrated informati ...
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