Wed, 19 Jun 2019, 9:26 PM
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Topic: RM2 billion

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KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a...
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KUALA LUMPUR: A witness told the High Court in the trial of Datuk Seri Najib Abdul Razak here today that SRC International Sdn Bhd initially stated its purpose as “investment activities and revolvin...
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KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a...
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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, June 19 — SRC International Sdn Bhd would not have obtained a government guarantee in 2012 for a second RM2 billion loan from the Retirement Fund Incorporated (KWAP) without the approv...
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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 — SRC International Sdn Bhd was unable to repay its outstanding RM4 billion loan to the Retirement Fund Incorporated (KWAP) beginning March 2015 because its overseas bank accou...
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KUALA LUMPUR (June 19): The National Health Protection Scheme (mySalam), a Pakatan Harapan (PH) government initiative to help the low-income group of B40 deal with financial difficulties when admitted...
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Tan Sri Mazidah Abdul Majid KUALA LUMPUR: There was no declaration of conflict of interest by Datuk Seri Najib Tun Razak when he chaired a Cabinet meeting related to SRC International Sdn Bhd in Febr...
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PETALING JAYA (June 18): The Malaysian Highway Authority said highway maintenance will not be a problem, if the government decided to take over certain highways.
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KUALA LUMPUR: A former government secretary told the High Court that the secretariat under the Prime Minister’s Office was not aware that Najib Razak was SRC International Sdn Bhd’s adviser.
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KUALA LUMPUR: A government secretary in Najib Razak’s administration told the High Court today the former prime minister had tabled memorandums during two weekly Cabinet meetings seeking to give gov...
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KUALA LUMPUR, June 18 — Datuk Seri Najib Razak’s Cabinet had approved SRC International’s Sdn Bhd initial RM2 billion loan with government guarantees without any formal discussions or objections...
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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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KUALA LUMPUR (Jun 18): The trial of former prime minister Datuk Seri Najib Razak who is charged with embezzling funds of RM42 million from SRC International Sdn Bhd will enter its 27th day.
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KUALA LUMPUR: SRC International Sdn Bhd former director Datuk Suboh Md Yassin might have been in cahoots with the company’s then-chief executive officer Nik Faisal Ariff Kamil to hoodwink its board ...
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KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application ...
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KUALA LUMPUR: SRC International Sdn Bhd former director Datuk Suboh Md Yassin might have been in cahoots with the company’s then chief executive officer Nik Faisal Ariff Kamil to hoodwink its board ...
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KUALA LUMPUR (June 17): SRC International Sdn Bhd's ex-chairman Tan Sri Ismee Ismail (pictured) maintained his view that directives from the government to the former 1MDB unit through its previous chi...
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KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors.
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GEORGE TOWN, June 17 — The Penang government will relook the scale of its proposed south reclamation project if the federal government helps fund part of its transport master plan.
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Petrol dealers say they have not been briefed about the upcoming targeted fuel subsidy system, which is set to be implemented in July.
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KUALA LUMPUR (June 17): Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail will be cross-examined for the sixth day today in Datuk Seri Najib Razak's criminal breach of trust, abuse of po...
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PETALING JAYA: With just two more weeks before a targeted fuel subsidy system is slated to begin, petrol dealers complain that they are in the dark and no one has briefed them on how the system will w...
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KUALA LUMPUR - The Malaysian trial of how RM42 million (S$13.8 million) from a government fund ended up in ex-premier Najib Razak's bank accounts is ongoing, even as much attention this week shifted t...
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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 (June 13): Tan Sri Ismee Ismail will continue to be cross-examined for the third day today, as part of former premier Datuk Seri Najib Razak's RM42 million SRC International Sdn Bhd tria...
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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 (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, June 12 — A RM2 billion initial loan from the Retirement Fund Incorporated (KWAP) to SRC International Sdn Bhd was credited to one of the company’s bank accounts before it was subseq...
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LUMUT: There is a need to intensify dissemination of information on government initiatives to help the people, including the National Health Protection Scheme (MySalam), as such schemes are like a lif...
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KUALA LUMPUR (June 12): Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail agreed with former premier Datuk Seri Najib Razak's lawyer Harvinderjit Singh that the company board may have bee...
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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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The government intends to implement targeted fuel subsidies next month, but Prime Minister Dr Mahathir Mohamad was unable to provide details about the programme.
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KUALA LUMPUR (June 11): Former SRC International Sdn Bhd chairperson Tan Sri Ismee Ismail will continue with his testimony during the examination-in-chief by the prosecution, where he is expected to f...
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KUALA LUMPUR (June 11): Former SRC International Sdn Bhd chairperson Tan Sri Ismee Ismail will continue with his testimony during the examination-in-chief by the prosecution, where he is expected to ...
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KUALA LUMPUR: Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail said Datuk Seri Najib Razak had ordered the company to transfer most of the funds obtained from the first RM2 billion loan ...
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LIVE | All eyes today will be on the further testimony of former SRC International chairperson Ismee Ismail during the 22nd day of Najib Abdul Razak’s trial for alleged abuse of power, corruption an...
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KUALA LUMPUR, June 10 — A former SRC International Sdn Bhd director told the High Court today the entire SRC International board of director visited Swiss-bank BSI (renamed EFG International) headqu...
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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: SRC International Sdn Bhd’s board of directors went to Switzerland in 2013 to seek confirmation whether the company’s deposit of RM1.5 billion was safe and secure there, the High Cou...
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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): 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: The number of hospitals covered by mySalam – the free national health protection scheme for the low-income or B40 group who undergo medical treatment at government hospitals – has be...
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The number of hospitals covered by mySalam, the free national health protection scheme for the low-income or B40 group who undergo medical treatment at government hospitals, has been widened to includ...
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KUALA LUMPUR, June 8 ― The number of hospitals covered by mySalam, the free national health protection scheme for the low-income or B40 group who undergo medical treatment at government hospitals, h...
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KUALA LUMPUR (June 3): Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to reduce surplus liquidity from the financial system.
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KUALA LUMPUR (REUTERS) - China has agreed to take palm oil worth nearly US$150 million (S$206 million) from Malaysia in a barter deal, media said on Saturday (June 1), citing a Malaysian minister.
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The Green Technology Financing Scheme 2.0 (GTFS 2.0) by the Energy, Science, Technology, Environment and Climate Change Ministry (Mestecc) has received an overwhelming response.
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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: 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): Sunway Property Bhd's serviced suites project in Ipoh, Sunway Onsen Suites, has recorded a 60% take-up rate for its first tower comprising 252 units, during an exclusive sales p...
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IPOH (May 28): Sunway Property’s Sunway Onsen Suites in Sunway City Ipoh has recorded a 60% take-up rate for its first tower comprising 252 units of serviced suites following a sales preview on May ...
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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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Malaysian prosecutors this week sought to show how funds flowed from the country's largest civil service pension fund into Najib Razak's personal bank accounts, as the first of five criminal trials ag...
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KUALA LUMPUR (May 16): Pestech International Bhd proposes to work together with solar energy investment company Atlantic Blue Sdn Bhd as joint contractors.
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KUALA LUMPUR (May 15): Dagang Nexchange Bhd’s (DNeX) unit has been awarded a contract to supply four new units of marine loading arm (MLA) integrated with relevant systems for Johor Port Bhd’s fac...
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KUALA LUMPUR (May 15): Ringgit is trading at its weakest level this year before a report due Thursday that is expected to show Malaysia’s economic growth slowed last quarter.
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KUALA LUMPUR (May 15): Kumpulan Wang Persaraan Diperbadankan (KWAP) legal and secretarial vice-president Azlida Mazni Arshad will take the witness stand for the third day running in Datuk Seri Najib ...
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PETALING JAYA (May 14): Owners of commercial and industrial buildings, especially small-and-medium enterprises (SMEs) have been urged to explore the feasibility of installing solar panels on roofs to ...
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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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PETALING JAYA (May 14): Owners of commercial and industrial buildings, especially small-and-medium enterprises (SMEs) have been urged to explore the feasibility of installing solar panels on roofs to ...
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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): RHB Bank Bhd, which has partnered financial technology company Finology Sdn Bhd to offer customers the ease of applying for personal financing online in just five minutes via th...
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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 — RHB Bank Bhd is aiming to disburse up to RM2 billion in personal financing to eligible borrowers this year.
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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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Felda director-general Othman Omar said today that employees of the plantation authority cannot simply clock in and out like regular workers, as the right attitude is needed to uplift people from pove...
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KUCHING: The successful suspension of the floating of RON95 and diesel prices and capping them at RM2.08/litre and RM2.18 /litre respectively was a significant achievement by the Ministry of Domestic ...
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LETTER | Putrajaya Corporation president Aminuddin Hashim recently told the media that the abandoned Putrajaya monorail project will finally be continued.
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IT IS Axiata Group’s moment in the sun.
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KUALA LUMPUR: The High Court here today heard that former prime minister Datuk Seri Najib Abdul Razak had asked Retirement Fund Incorporated (KWAP) to expedite approval for the RM2 billion loan to SRC...
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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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KUALA LUMPUR, May 9 — Retirement Fund Incorporated (KWAP) received instructions from former prime minister Datuk Seri Najib Razak in 2011 to hasten the approval for the first RM2 billion loan to SRC...
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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 9 — DAP secretary-general Lim Guan Eng, after a year in power, said that he is fed up of spending too much time dealing with the 1Malaysia Development Berhad (1MDB) scandal.
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MP SPEAKS | DAP congratulates the people of Malaysia for making May 9, 2018 a historic change of government for the first time in 61 years, making possible a New Malaysia.
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KUALA LUMPUR, May 9 — Former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah today joined former prime minister Datuk Seri Najib Razak in court ahead of the 16th day of the latter's o...
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When the Pakatan Harapan government took over the Ministry of Health (MoH), it was one of the better organised and well-performing ministries, even under the Barisan Nasional administration.
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Daim Zainuddin has claimed Jho Low offered his help with regard to discussions with Beijing on the East Coast Rail Link (ECRL) project but a spokesperson for the fugitive financier denied this.
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The prime minister’s special envoy to China, Daim Zainuddin, has denied that the revised East Coast Rail Link (ECRL) contract with China had come with strings attached as part of any quid pro quo ar...
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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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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: 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, May 7 — Putrajaya’s guarantee of a second RM2 billion loan that SRC International Sdn Bhd wanted to borrow from Retirement Fund Incorporated (KWAP) was the single selling point behin...
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KUCHING, May 7 — Sarawak’s Ministry of Utilities has been allocated RM5.1 billion to carry out water and electricity supply projects over the next two years, its minister Datuk Seri Stephen Rundi ...
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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 — SRC International Sdn Bhd’s presentations for its proposed investments only looked good on paper when it applied for the second RM2 billion loan from the Retirement Fund Inco...
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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 ...