Sun, 26 May 2019, 9:54 AM
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Topic: RM2bil

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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.
Malay Mail:
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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.