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Topic: KWAP

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KUALA LUMPUR (June 21): SRC International Sdn Bhd has spent more than 90% of the two loans totalling RM4 billion granted to it by Kumpulan Wang Persaraan (Diperbadankan) (KWAP) in 2014, said former SR...
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KUALA LUMPUR (June 21): The prosecution in the criminal trial of Datuk Seri Najib Razak over the RM42 million allegedly siphoned from Ministry of Finance Inc unit SRC International Sdn Bhd is expected...
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KUALA LUMPUR: The short-term loan applications by SRC International Sdn Bhd to the Ministry of Finance to settle outstanding payments to KWAP were not tabled in the Cabinet, the High Court here was to...
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KUALA LUMPUR: SRC International Sdn Bhd has spent more than 90% of the two loans totalling RM4 billion granted to it by Kumpulan Wang Persaraan (Diperbadankan) (KWAP) in 2014, says former SRC director...
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KUALA LUMPUR: The High Court was told that the Federal Government has to bear a RM4.15bil balance on the principal loan and interest as of May this year from the RM4bil loan taken by SRC International Sdn Bhd in 2012.
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KUALA LUMPUR: A senior officer of the Finance Ministry told the High Court here yesterday that the government’s burden in having to make repayments for the RM4 billion loan taken by SRC Internationa...
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KUALA LUMPUR: Najib Razak’s abuse of power trial heard today that SRC International Sdn Bhd applied for and received a loan from the government to settle interest on its RM4 billion loan from Retire...
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KUALA LUMPUR: The Federal Government bailed out SRC International Sdn Bhd with close to RM600mil on several occasions to avoid the company from going into an event of default (EOD) with the Retirement Fund Inc (KWAP), after it defaulted on its payments.
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KUALA LUMPUR (June 19): SRC International Sdn Bhd — formerly a subsidiary of 1Malaysia Development Bhd — still owes Retirement Fund (Incorporated) (KWAP) RM4.15 billion after borrowing RM4 billion...
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KUALA LUMPUR: A government guarantee for the pensioners’ retirement fund (KWAP) to approve a RM2 billion loan in 2011 to SRC International Sdn Bhd was given within 48 hours, Najib Razak’s corrupti...
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KUALA LUMPUR: The Federal Government is still servicing the RM4bil loan taken by SRC International Sdn Bhd from Retirement Fund Inc (KWAP) due to the company’s failure to pay its debt.
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KUALA LUMPUR (June 19): SRC International Sdn Bhd — formerly a subsidiary of 1Malaysia Development Bhd — still owes Retirement Fund (Incorporated) (KWAP) RM4.15 billion after borrowing RM4 billi...
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KUALA LUMPUR: Putrajaya had to rescue SRC International Sdn Bhd by approving a RM642 million loan when the company could not pay its debt to the pensioners fund, the High Court in Najib Razak’s corr...
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KUALA LUMPUR (June 19): Datuk Seri Najib Razak put forth a memorandum during a cabinet meeting in November 2015 to ask for a RM100 million loan from the federal government to SRC International Sdn Bhd...
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KUALA LUMPUR (June 18): Datuk Seri Najib Razak had put forth a memorandum during a Cabinet meeting in November 2015 to ask for a RM100 million loan from the federal government to SRC International Sdn...
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Notable filings FROM May 27 to 30, notable changes in shareholding included those at plantation counter United Malacca Bhd (UMB). Prosper Palm Oil Mill Sdn Bhd tightened its grip on UMB by accumulatin...
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KUALA LUMPUR (June 18): SRC International Sdn Bhd’s ex-chairman Tan Sri Ismee Ismail maintained his view that directives from the government to the former 1Malaysia Development Bhd (1MDB) unit thro...
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PETALING JAYA: An academic has raised fears of a two-tier healthcare system emerging in Malaysia in which only the rich have access to good healthcare.
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A loan of the magnitude of RM3.95 billion by Kumpulan Wang Persaraan (Diperbadankan) (KWAP) was unprecedented in size, the Kuala Lumpur High Court was told last week in the trial of former prime minis...
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KUALA LUMPUR (June 13): Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail (pictured) agreed with former premier Datuk Seri Najib Razak’s lawyer Harvinderjit Singh that the company’s b...
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KUALA LUMPUR (June 13): Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail (pictured) concurred with Datuk Seri Najib Razak's lawyers that the board which he had chaired from August 2011 t...
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KUALA LUMPUR: SRC International Sdn Bhd’s board of directors were kept in the dark on its bank account used to receive a RM2 billion loan from a pensioners’ fund, the corruption and abuse of power...
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KUALA LUMPUR: SRC International Sdn Bhd's board of directors was in the dark over the transfer of RM2bil of its funds, obtained from the Retirement Fund Inc (KWAP) that were wired into an unknown account.
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KUALA LUMPUR (June 12): Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail concurred with Datuk Seri Najib Razak's lawyers that the board which he had chaired from August 2011 to August 20...
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KUALA LUMPUR: Former SRC International Sdn Bhd CEO Nik Faisal Ariff Kamil could have lied to the company’s board of directors about its application for a loan, the High Court heard today in the corr...
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KUALA LUMPUR (June 11): Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail (pictured) told the High Court here today that former premier Datuk Seri Najib Razak, who was appointed as adviso...
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KUALA LUMPUR (June 11): Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail (pictured) told the High Court here today that former premier Datuk Seri Najib Razak, who was appointed as adviso...
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KUALA LUMPUR (June 10): After getting the first RM2 billion loan from Pensioners Trust Fund Inc (KWAP) for SRC International Sdn Bhd, former premier Datuk Seri Najib Razak asked that a total of RM1.8 ...
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KUALA LUMPUR (June 10): After getting the first RM2 billion loan from Pensioners Trust Fund Inc (KWAP) for SRC International Sdn Bhd, former premier Datuk Seri Najib Razak asked that a total of RM1.8 ...
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KUALA LUMPUR (June 10): Former Pensioners Trust Fund (KWAP) CEO Datuk Azian Mohd Noh said the former prime minister and finance minister Datuk Seri Najib Razak was her "ultimate boss", thus she cannot...
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KUALA LUMPUR (Bernama): The High Court here was told that former prime minister Datuk Seri Najib Tun Razak had influence over the Retirement Fund Incorporated's (KWAP) decision to grant a loan to SRC International Sdn Bhd.
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Former prime minister Datuk Seri Najib Razak returned to the Duta Court Complex on Monday for his trial involving alleged misappropriation of RM42mil from SRC International Sdn Bhd.Former KWAP CEO Dat...
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KUALA LUMPUR, June 10 — Former Retirement Fund Incorporated (KWAP) chief executive Datuk Azian Mohd Noh said she could not rule out being influenced by a handwritten note from former prime minister ...
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KUALA LUMPUR, June 10 — Former Retirement Fund Incorporated (KWAP) chief executive Datuk Azian Mohd Noh said she could not rule out being influenced by a handwritten note from former prime minister ...
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KUALA LUMPUR (June 10): The 38th prosecution witness, former Retirement Fund (Incorporated) (KWAP) chief executive officer Datuk Azian Mohd Noh, will continue to be cross-examined by lawyers represent...
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KUALA LUMPUR (June 10): The 38th prosecution witness, former Retirement Fund (Incorporated) (KWAP) chief executive officer Datuk Azian Mohd Noh, will continue to be cross-examined by lawyers repres...
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KUALA LUMPUR (June 10): The 38th prosecution witness, former Retirement Fund (Incorporated) (KWAP) chief executive officer Datuk Azian Mohd Noh, will continue to be cross-examined by lawyers repres...
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After a week-plus Hari Raya break, former prime minister Najib Abdul Razak's RM42 million SRC International abuse of power, graft and money laundering trial enters the 21st day today.
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KUALA LUMPUR (May 31): Boustead Holdings Bhd, the key contributor to Retirement Fund (Incorporated)’s (KWAP) dividend, slipped into the red for the first quarter ended March 31 (1QFY19), posting a n...
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35     Azlida Mazni Arshad,46 THE vice-president of the legal and secretarial department of Kumpulan Wang Persaraan (Diperbadankan) said she agreed that KWAP’s minutes of meetings never indicated...
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KUALA LUMPUR (May 30): Boustead Holdings Bhd, the key contributor to Retirement Fund (Incorporated)’s (KWAP) dividend, slipped into the red for the first quarter ended March 31 (1QFY19), posting a n...
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KUALA LUMPUR, 29 — The civil servants’ pension fund KWAP would have preferred to receive a government guarantee for its second RM2 billion loan to SRC International Sdn Bhd before releasing the fu...
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KUALA LUMPUR, 29 — Civil servants’ pension fund KWAP’s investment panel did not feel that it had to approve a multi-billion ringgit loan that was sought by SRC International Sdn Bhd because of a...
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KUALA LUMPUR: Former pensioners’ retirement fund (KWAP) chief executive officer Azian Mohd Noh told the High Court today she did not consider as instruction a letter forwarded by Najib Razak, with a...
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KUALA LUMPUR: Retirement Fund Incorporated (KWAP) former chief executive officer (CEO) Datuk Azian Mohd Noh said the RM4 billion loan to SRC International Sdn Bhd was among the highest approved by the...
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KUALA LUMPUR: Retirement Fund Incorporated (KWAP) former chief executive officer (CEO) Datuk Azian Mohd Noh said the RM4 billion loan to SRC International Sdn Bhd was among the highest approved by the...
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KUALA LUMPUR (May 29): Retirement Fund Inc's (KWAP) investment panel, the body that has the final say on whether to approve a loan to a third party using the fund's money or not, was not "compelled" t...
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KUALA LUMPUR (May 29): The Datuk Seri Najib Razak RM42 million SRC International Sdn Bhd trial enters its 20th day today with the Kumpulang Wang Persaraan (Diperbadankan) (KWAP) former chief execut...
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KUALA LUMPUR (May 28): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) former chief executive officer Datuk Azian Mohd Noh (pictured) told the High Court here of her meeting with Datuk Seri Najib Razak...
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KUALA LUMPUR, May 28 — Former Retirement Fund Incorporated (KWAP) chief executive Datuk Azian Mohd Noh told the High Court today that she had met with Datuk Seri Najib Razak in 2011 to inform him of...
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KUALA LUMPUR: An application letter by SRC International Sdn Bhd for a RM3.95bil loan did not follow Retirement Fund Incorporated's (KWAP) procedural requirements and included a handwritten note from Datuk Seri Naji Razak saying he agreed with the suggestion, the High Court heard.
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KUALA LUMPUR (May 28): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) former chief executive officer Datuk Azian Mohd Noh (pictured) told the High Court here of her meeting with Datuk Seri Najib Razak...
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KUALA LUMPUR: SRC International Sdn Bhd’s application for a RM4 billion loan from the pensioners’ retirement fund (KWAP) did not meet the fund’s requirement, the High Court heard in the corrupti...
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KUALA LUMPUR, May 28 — Datuk Seri Najib Razak’s former special officer had in 2011 personally handed over a letter for a RM3.95 billion loan application from 1Malaysia Development Berhad’s (1MDB...
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Phase two of the government’s cash aid programme Bantuan Sara Hidup (BSH) will be distributed beginning next Tuesday (May 28).
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DESPITE its earlier reservations about approving an initial RM2 billion loan to SRC International Sdn Bhd in 2011, the seven-member investment panel of Kumpulan Wang Persaraan (Diperbadankan) (KWAP) l...
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THE public prosecutor called seven new witnesses and recalled one witness to the stand last week to testify to the involvement of former prime minister Datuk Seri Najib Razak in the alleged misappropr...
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YOURSAY | 'Something isn't right about the culture of state-owned entities.' Yapeim admits 'wrongdoing, negligence' by previous management Clever Voter: There seems to be repeated behaviour in all of ...
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As Najib Abdul Razak’s RM42 million SRC International trial enters its 18th daytoday, the decision-making process that led to Retirement Fund Incorporated’s(KWAP) approval of a total RM4 billion i...
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WHEN 1Malaysia Development Bhd (1MDB) was given a government grant of only RM20 million, although it had sought RM3 billion for SRC International Sdn Bhd, the latter, led by its director Nik Faisal Ar...
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KUALA LUMPUR: The Ihsan Perdana Sdn Bhd managing director told the High Court here that he would not have transferred RM42mil to the private accounts of Datuk Seri Najib Razak if he had known the former prime minister was the owner of those bank accounts.
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KUALA LUMPUR, May 15 — It’s Day 18 of Datuk Seri Najib Razak’s criminal trial today, but what if you have not kept track of all the goings-on in court or are just simply overwhelmed by all the s...
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KUALA LUMPUR (May 14): Datuk Seri Najib Razak, in his capacity as then Finance Minister, signed a Government guarantee letter for the second RM2 billion loan extended to SRC International Sdn Bhd, tes...
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KUALA LUMPUR: The High Court heard today a guarantee letter signed by Najib Razak for an additional RM2 billion loan to SRC International Sdn Bhd was dated earlier than the directive to approve the su...
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KUALA LUMPUR (May 14): Witness Azlida Mazni Arshad (pictured) has affirmed that the minutes of meeting of Kumpulan Wang Persaraan (Diperbadankan) (KWAP) never indicated that it was forced to approve l...
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KUALA LUMPUR, May 14 — The Retirement Fund Incorporated’s (KWAP) investment panel need not obey instructions from the prime minister or Cabinet members when approving loans within its purview, the...
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KUALA LUMPUR (May 14): Witness Azlida Mazni Arshad (pictured) has affirmed that the minutes of meeting of Kumpulan Wang Persaraan (Diperbadankan) (KWAP) never indicated that it was forced to approve l...
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KUALA LUMPUR (May 14) - The Datuk Seri Najib Razak RM42 million abuse of power, criminal breach of trust and money laundering SRC International Sdn Bhd trial continues today and tomorrow for this week...
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I wasn’t completely satisfied with the Pakatan Harapan (PH) government over the past year, but do I regret voting for it?
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KUALA LUMPUR (May 9): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) vice-president of legal and secretarial affairs Azlida Mazni Arshad told the High Court here that the first RM2 billion loan to SRC...
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KUALA LUMPUR: Pensioners’ fund KWAP initially wanted to approve a RM1 billion loan to SRC International Sdn Bhd as it was only a RM2 company, Najib Razak’s corruption and abuse of power trial hear...
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PUTRAJAYA (May 9): Prime Minister Tun Dr Mahathir Mohamad has called for politicians to stop using race and religious issues for their political interest, as Malaysia celebrates the first anniversary ...
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KUALA LUMPUR, May 9 — The Retirement Fund Incorporated’s (KWAP) two loans totalling RM4 billion to SRC International Sdn Bhd were among the largest approved by the civil service pension fund, said...
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KUALA LUMPUR (May 8): The Datuk Seri Najib Razak SRC International Sdn Bhd trial, where the former premier faces seven charges of criminal breach of trust, money laundering and abuse of power trial ov...
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KUALA LUMPUR (May 8): The Datuk Seri Najib Razak SRC International Sdn Bhd trial, where the former premier faces seven charges of criminal breach of trust, money laundering and abuse of power trial ...
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LIVE | The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 15th day today at the High Court in Kuala...
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KUALA LUMPUR, May 7 — Retirement Fund Incorporated’s (KWAP) two loans totalling RM4 billion to SRC International Sdn Bhd were structured as Shariah-compliant contracts for the latter to sell and b...
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KUALA LUMPUR (May 7): The investment panel of Kumpulan Wang Persaraan (Diperbadankan) (KWAP) would have rejected the loan to 1Malaysia Development Bhd (1MDB)'s former subsidiary SRC International Sdn ...
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KUALA LUMPUR: The pensioners’ retirement fund (KWAP) imposed a higher interest rate to discourage SRC International Sdn Bhd from obtaining a second RM2 billion loan, a witness told the High Court in...
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KUALA LUMPUR: The High Court here was today told that the SRC International Sdn Bhd proposal only looked good on paper and was merely superficial.
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KUALA LUMPUR (May 7): SRC International Sdn Bhd director Nik Faisal Ariff Kamil and 1Malaysia Development Bhd executive director of finance Terence Geh were reluctant to discuss SRC's investment overs...
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KUALA LUMPUR (May 7): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) approved its first RM2 billion loan to SRC International Sdn Bhd without adhering to its own investment policy and guidelines, the ...
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KUALA LUMPUR: A witness testifying in the abuse of power and graft trial of Najib Razak was forced to identify former SRC International director Nik Faisal Ariff Kamil through a press photograph today...
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KUALA LUMPUR (May 7): The investment panel of Kumpulan Wang Persaraan (Diperbadankan) (KWAP) would have rejected the loan to 1Malaysia Development Bhd (1MDB)'s former subsidiary SRC International Sdn ...
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KUALA LUMPUR (May 7): Datuk Seri Najib Razak's SRC trial will start a little later today as the former premier will have to travel to the Court of Appeal in Putrajaya to know the outcome of his appeal...
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KUALA LUMPUR (May 7): Datuk Seri Najib Razak's SRC trial will start a little later today as the former premier will have to travel to the Court of Appeal in Putrajaya to know the outcome of his app...
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KUALA LUMPUR (May 6): The RM4 billion loan from Kumpulan Wang Persaraan (Diperbadankan) (KWAP) to SRC International Sdn Bhd was the largest borrowing witnessed by Amirul Imran Ahmad (pictured), who wa...
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KUALA LUMPUR (May 6): Former prime minister Datuk Seri Najib Razak supported the request by SRC International Sdn Bhd for a RM3.95 billion loan from Kumpulan Wang Persaraan (Diperbadankan) (KWAP) to b...
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KUALA LUMPUR, May 6 — SRC International Sdn Bhd was not allowed to use the RM4 billion borrowed from civil servants’ pension fund KWAP for corporate social responsibility programmes as it would br...
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KUALA LUMPUR (May 6): Bursa Malaysia Bhd is exploring the use of blockchain in securities borrowing and lending (SBL) via a proof-of-concept project with several major SBL players here.
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KUALA LUMPUR (May 6): The Retirement Fund (Incorporated), or KWAP, has breached its own policy and guidelines by approving the first RM2 billion loan to SRC International Sdn Bhd, the High Court heard...
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KUALA LUMPUR (May 6): Former prime minister Datuk Seri Najib Razak supported the request by SRC International Sdn Bhd for a RM3.95 billion loan from Kumpulan Wang Persaraan (Diperbadankan) (KWAP) to b...
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KUALA LUMPUR, May 6 — The Finance Ministry had asked civil servants’ pension fund KWAP to release the second batch of RM2 billion to SRC International Sdn Bhd before the fund received a government...
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KUALA LUMPUR (May 6): The RM4 billion loan from Kumpulan Wang Persaraan (Diperbadankan) (KWAP) to SRC International Sdn Bhd was the largest borrowing witnessed by Amirul Imran Ahmad (pictured), who wa...
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KUALA LUMPUR: Pensioners’ fund KWAP loaned SRC International RM4 billion after SRC director Nik Faisal Ariff Kamil submitted a two-page proposal to Najib Razak in June 2011, the High Court heard tod...
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KUALA LUMPUR (May 6): The High Court is expected to continue to hear the testimony of former KWAP assistant vice-president for Fixed Income Department Amirul Imran Ahmad over the remaining RM2 billion...
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KUALA LUMPUR (May 6): The High Court is expected to continue to hear the testimony of former KWAP assistant vice-president for Fixed Income Department Amirul Imran Ahmad over the remaining RM2 billi...
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LIVE | The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 13th day at the Kuala Lumpur High Court t...
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YOURSAY | ‘If the ex-PM is found guilty, does the Treasury then get a refund?’ Putrajaya honoured RM1m golden handshake for Najib Apa Ini: Why did Putrajaya honour the RM1 million golden handshake...
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KUALA LUMPUR, May 5 — The Pakatan Harapan (PH) government saved RM3.5 billion just from not being corrupt, Finance Minister Lim Guan Eng said.