Sun, 18 Aug 2019, 7:29 AM
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Topic: RM2bil

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PETALING JAYA: A RM2bil oil bunker facility is set to be built in Johor following an agreement between Johor Port Authority (JPA) and a private company, Smart Crest Sdn Bhd.
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KUALA LUMPUR: Malaysia on Tuesday said the Johor Port Authority was working to develop a RM2bil (US$477mil) oil storage and ship refueling site in the country's south.
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KUALA LUMPUR: Despite Pakatan Harapan’s promise to fund the Health Ministry up to 4% of the gross domestic product (GDP) by 2023, it is still largely “business as usual” after more than a year.
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Bukit Aman Commercial Crimes Investigation Department (CCID) director Comm Datuk Seri Mohd Zakaria Ahmad revealed that an average of RM2bil is lost every year due to scams and others commercial crime...
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PETALING JAYA: Umno Youth has called on Yeo Bee Yin to explain why a fellow DAP member was appointed to be the Malaysia Sustainable Energy Development Authority (Seda) chairman, barely months after announcing a large-scale solar power project worth RM2bil.
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PETALING JAYA: Eligible Malaysians who already qualify for cost of living aid (BSH) will get cash handouts as petrol subsidy, according to government sources.
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GEORGE TOWN: Mah Sing Group Bhd, the largest exhibitor at the four-day StarProperty.my Fair 2019, is showcasing RM4.68bil worth of properties at Gurney Plaza from now until Sunday.
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KUALA LUMPUR (Bernama): The High Court here was told that SRC International Sdn Bhd was required to pay RM9.2bil to the Retirement Fund Incorporated (KWAP) under its Bai Al-Inah financing facility for the RM4bil loans it obtained in 2011 and 2012.
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KUALA LUMPUR: RHB Research has upgraded IJM Corp to Buy from Neutral with new sum-of-parts based target price of RM2.78 from RM1.91, 18% upside plus 3% yield.
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KUALA LUMPUR: Malaysia should create more environmental, social and governance (ESG) investment opportunities, similar to those which have been done successfully in line with the growth of the Islamic finance market, says Maybank Investment Bank Bhd chief executive officer Fad’l Mohamed.
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KUALA LUMPUR: The government will announce more tenders for large-scale solar (LSS) power projects by end-2020, Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin says.
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KUALA LUMPUR: The High Court heard that a loan for SRC Inter­national Sdn Bhd from Retire­ment Fund Incorporated (KWAP) was initially approved for RM1bil, but Datuk Seri Najib Razak had asked for the amount to be increased to RM2bil.
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KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak had asked for SRC International Sdn Bhd’s loan from Retirement Fund Inc (KWAP) to be increased to RM2bil from the approved amount of RM1bil, the High Court here heard.
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THE Federal Government’s proposed RM6.2bil takeover of four highways will not eliminate toll charges but see motorists paying less, says Finance Minister Lim Guan Eng.
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KUALA LUMPUR: Alliance DBS Research sees the potential selldown of IJM Corporation after the termination from MRCB-George Kent for its RM1.115bil tunneling contract for LRT 3 as an opportunity to Buy.
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KUALA LUMPUR: The government's proposed RM6.2bil takeover of four highway concessionaires will not do away with toll charges but see motorists paying less for toll, says Lim Guan Eng.
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KUALA LUMPUR: A former senior Finance Ministry officer told the High Court here that repeated orders came from Datuk Seri Najib Razak through intermediaries to rush a Federal Government guarantee for SRC International Sdn Bhd’s first RM2bil loan.
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KUALA LUMPUR: Former SRC International Sdn Bhd director Datuk Suboh Md Yassin had no knowledge of the company’s “secret” bank account that received a RM2bil loan from the Retirement Fund Incorporated (KWAP) in 2011, the High Court heard.
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STAR EXCLUSIVE: GEORGE TOWN: The state government has secured approval for the Environmental Impact Assessment (EIA) report of the Penang South Reclamation (PSR) scheme near Teluk Kumbar.
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KUALA LUMPUR: Former SRC International Sdn Bhd director Datuk Suboh Md Yassin had no knowledge of the company’s “secret” bank account that received a RM2bil loan from the Retirement Fund Incorporated (KWAP) in 2011, the High Court heard.
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KUALA LUMPUR: Gamuda Bhd's 9MFY19 net profit of RM521mil came in above expectations with higher-than-expected profit margins for its construction and property divisions.
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LOS ANGELES (Bloomberg): A US$51mil (RM211mil) penthouse in Manhattan’s Walker Tower, allegedly bought with money siphoned from 1Malaysia Development Bhd (1MDB), will be put on the market.
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KUALA LUMPUR: The government has no intention of imposing new taxes in the upcoming Budget 2020, especially with regards to the inheritance tax, says Finance Minister Lim Guan Eng.
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KUALA LUMPUR: JF Apex Research expects Gamuda Bhd, Lingkaran Trans Kota Holdings Bhd (Litrak Holdings), Mynews Holdings Bhd, HeiTech Padu Bhd, Mitrajaya Holdings Bhd, Tropicana Corp Bhd and Evergreen Fibreboard Bhd to be among the stocks to watch on Monday.
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KUALA LUMPUR (Bernama): The Finance Ministry's strategic investment deputy secretary told the High Court here on Thursday (June 20) that she was told to prepare documents for a memorandum to the Cabinet on the government's guarantee for a RM2bil loan to SRC International Sdn Bhd.
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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: 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: Datuk Seri Najib Razak did not declare his interest in SRC International Sdn Bhd despite chairing a Cabinet meeting that discussed a memorandum relating to up to RM2bil in government guarantee for the company, the High Court heard.
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KUALA LUMPUR: Datuk Seri Najib Razak did not declare his interests in SRC International Sdn Bhd despite chairing a Cabinet meeting that discussed a memorandum relating to a RM2bil in government guarantee for the company.
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KUALA LUMPUR: The High Court here was told that the board of directors at SRC International Sdn Bhd had no clue that RM2bil in funds it obtained from the Retirement Fund Incorporated (KWAP) was wired into an unknown account.
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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: Foreign appetite for Ringgit bonds remained lacklustre in May with RM4.2bil of outflows in May as the US-China trade tensions intensified, according to Maybank Investment Bank Research.
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PETALING JAYA: When will the targeted petrol subsidy mechanism for the low-income or B40 group be implemented now that we are already the second quarter of 2019, asks MCA president Datuk Seri Dr Wee Ka Siong.
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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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BATU CAVES: The government is looking for the "right moment" to implement its targeted RON95 fuel subsidy announced during Budget 2019 on Nov 2 last year.
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BATU CAVES: The government is looking for the "right moment" to implement its targeted RON95 fuel subsidy announced during Budget 2019 on Nov 2 last year.
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KUALA LUMPUR (Bernama): The trial of former prime minister Datuk Seri Najib Razak, who is facing seven charges involving SRC International Sdn Bhd’s funds totalling RM42mil entered its 18th day on May 15.
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KUALA LUMPUR: The investment panel of the Retirement Fund Incorporated (KWAP) was not bound to instructions from third parties, including the prime minister and finance minister, in any loan application, the High Court heard.
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KUALA LUMPUR: Datuk Seri Najib Razak's alleged instructions to the Retirement Fund Incorporated (KWAP) to approve loans to SRC International Sdn Bhd in 2011 were not recorded in the fund's investment panel meeting minutes, the High Court heard.
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KUALA LUMPUR: RHB Bank Bhd is aiming to disburse up to RM2bil in personal financing to eligible borrowers this year.
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KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak asked Retirement Fund Incorporated (KWAP) to rush the approval for the RM2bil loan to SRC International Sdn Bhd in 2011, the court was told on Thursday (May 9).
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KUALA LUMPUR: The High Court was told that the Retirement Fund Incorporated (KWAP) had never dealt with any company providing incomplete information with regards to loans, as what happened in the case of SRC International Sdn Bhd.
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KUALA LUMPUR: The SRC Inter­na­tional Sdn Bhd’s proposal on its future investments was merely superficial and looked good only on paper, the High Court heard.
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KUALA LUMPUR: The High Court here was told that Datuk Seri Najib Razak signed a government letter of guarantee for SRC International Sdn Bhd on RM2bil financing from Retirement Fund Incorporated (KWAP) for a period of 10 years.
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KUALA LUMPUR (Bernama): A witness in the trial of Datuk Seri Najib Razak told the High Court here that he was under pressure while preparing an investment working paper for Retirement Fund Incorporated (KWAP) in regard to a RM4bil loan for SRC International Sdn Bhd.
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KUALA LUMPUR (Bernama): The High Court here was told that Datuk Seri Najib Razak signed a government letter of guarantee (LOG) for SRC International Sdn Bhd on a RM2bil financing from Retirement Fund Incorporated (KWAP) for a period of 10 years.
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PUTRAJAYA: With the Sungai Kim Kim toxic pollution and plastic waste crises grabbing headlines, it’s easy to miss what else the Energy, Science, Technology, Environment and Climate Change Ministry (Mestecc) has been doing.
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KUALA LUMPUR: A total of RM4bil was credited into the account of SRC International Sdn Bhd from the country’s largest public services pension fund, Kumpulan Wang Persaraan (KWAP), the High Court heard.
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KUALA LUMPUR: The High Court was told Tuesday (April 30) that a total of RM4bil was credited into the account of SRC International Sdn Bhd from Kumpulan Wang Persaraan (KWAP).
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KUALA LUMPUR: The high level of food waste and large allocation for solid waste management each year has made the government launch a “Ramadan Without Waste” campaign this year.
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KUALA LUMPUR: CIMB Group Holdings Bhd launched its Future of Work Centre (FOWC) to prepare its employees for a highly digitalised environment as it targets to have at least 15% of them equipped with digital skills by 2023.
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KUALA LUMPUR: CIMB Equities Research is retaining RHB Bank as an Add and top pick for the sector due to its attractive valuations and ongoing transformation programme.
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KUALA LUMPUR: The National Higher Education Fund Corp (PTPTN), saying it has tried every tactic possible to get borrowers to repay loans amounting to RM6.3bil, is taking its case to the people.
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KUALA LUMPUR: Tan Sri Francis Lau Tuang Nguang, dubbed the “chicken king” of Malaysia, is making his return to the local bourse with the biggest initial public offering (IPO) in almost two years that will test investors’ appetite for chicken producers. Leong Hup International Bhd, which owns livestock feed mills and poultry businesses in five countries, is targeting to raise up to RM1.2bil in its IPO that includes an over-allotment option.
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KUALA LUMPUR: A total of RM85mil was transferred out of SRC International Sdn Bhd's bank account from July 2014 and February 2015.
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Japanese car giant Toyota and investment fund SoftBank Vision Fund unveiled an investment of US$1bil (RM4.14bil) in US company Uber to drive forward the development of driverless ride-sharing services.
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PETALING JAYA: Plans are afoot to revive the abandoned RM400mil Putrajaya rail link with an additional extension up to the Kajang mass rapid transit (MRT) station.
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KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its corporate credit rating on Tenaga Nasional Bhd (TNB) at AAA and its sukuk rating on the power giant’s RM2bil Al-Bai’ Bithaman Ajil Bonds at AAAIS.
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PETALING JAYA: The police have been told to investigate Felda “without fear or favour” over its luxurious projects and over-the-top contracts.
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PETALING JAYA: Various luxurious projects and inflated contracts (Projek Mewah dan Kontrak Melambung) were entered into by Felda under the previous government, says Tan Sri Muhyiddin Yassin.
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PETALING JAYA: The Federal Land Development Authority’s (Felda) financial position deteriorated after the listing of Felda Global Ventures Holdings Bhd (FGV), now renamed as FGV Holdings Bhd, in June 2012.
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KUALA LUMPUR: The government is looking at banking in money directly into the accounts of those eligible for RON95 petrol subsidy, said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.
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KUALA LUMPUR: The government is looking at banking in money directly into the accounts of those eligible for RON95 petrol subsidy, says Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddi...
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KUALA LUMPUR: The government is looking at banking in money directly into the accounts of those eligible for RON95 petrol subsidy, says Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.
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Felda Group's financial position worsened after the listing of the listing of Felda Gobal Ventures Holdings Bhd (FGV) now renamed as FGV Holdings Bhd in June 2012.
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PETALING JAYA: Cypark Resources Bhd will submit its bid for the largest solar energy capacity allowed for each player under the RM2bil large-scale solar three (LSS3) scheme, a move that is expected to contribute an annual revenue of RM50mil to RM60mil if the group qualifies for the tender.
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KUALA LUMPUR: A group of 40 NGOs and 46 individuals have asked for the MySalam insurance scheme to be put on hold, until the scheme has been properly evaluated.
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KUALA LUMPUR, March 4 — The national health insurance scheme for B40 households is open for registration and claims starting March 1.
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KUALA LUMPUR: The government will increase access financing for small and medium enterprises (SMEs) through a new financing guarantee scheme worth RM2bil via Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP).
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EXSIM Development Group successfully established its first landmark RM3bil financial programme comprising RM2bil sukuk musharakah IMTN programme and a RM1bil sukuk murabahah Islamic commercial papers (ICP) programme through a special-purpose financial vehicle, Exsim Capital Resources Bhd.
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PUTRAJAYA: The government will use the RM2bil contribution from an insurance company for the mySalam scheme to pay for the social protection insurance premium for eligible individuals at RM112 per person per year, said Finance Minister Lim Guan Eng.