Mon, 22 Jul 2019, 10:12 PM
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Topic: RM4 billion

Malaysiakini:
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The banker who opened Najib's two bank accounts with AmBank, ended up serving on the Retirement Fund Incorporated (KWAP) investment panel which approved a RM4 billion loan to SRC International Sdn Bhd...
EdgeProp.my:
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KUALA LUMPUR (July 15): A former senior partner with law firm Hisham, Sobri & Kadir, who acted for the Retirement Fund Inc (KWAP), told the High Court that SRC International Sdn Bhd will have to pay b...
The Borneo Post:
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KUALA LUMPUR: The High Court here was told yesterday that SRC International Sdn Bhd was required to pay RM9.2 billion to the Retirement Fund Incorporated (KWAP) under its Bai Al-Inah financing facilit...
theSun:
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KUALA LUMPUR: The High Court here was told today that SRC International Sdn Bhd was required to pay RM9.2 billion to the Retirement Fund Incorporated (KWAP) under its Bai Al-Inah financing facility fo...
Malay Mail:
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KUALA LUMPUR, July 15 — SRC International Sdn Bhd had agreed to pay the Retirement Fund (Incorporated) (KWAP) RM9.2 billion in return after taking out two loans totaling some RM4 billion from the fu...
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KUALA LUMPUR (July 15): The government has used about RM24.7 billion of the special dividend it has received from Petroliam Nasional Bhd (Petronas) to repay goods and services tax (GST) and income tax...
The Edge Markets:
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KUALA LUMPUR (July 15): A former senior partner with law firm Hisham, Sobri & Kadir, who acted for the Retirement Fund Inc (KWAP), told the High Court that SRC International Sdn Bhd will have to pay b...
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KUALA LUMPUR (July 15): The government has used about RM24.7 billion of the special dividend it has received from Petroliam Nasional Bhd (Petronas) to repay goods and services tax (GST) and income tax...
Free Malaysia Today:
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KUALA LUMPUR: The High Court in Najib Razak’s corruption and criminal breach of trust trial heard today that about RM3.9 million of SRC International Sdn Bhd’s money was used in 2014 and 2015 to s...
Malaysiakini:
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YOURSAY | ‘How can this appointment be seen as restoring faith?’ Najib appointed as chair of BN advisory board Slumdog: Umno’s appointment of former premier Najib Abdul Razak as chairperson of t...
theSun:
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KUALA LUMPUR: There was no project to show for the RM4 billion loan that SRC International Sdn Bhd borrowed from Retirement Fund (Incorporated) or KWAP, according to the 45th witness in Datuk Seri Naj...
Free Malaysia Today:
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KUALA LUMPUR: The High Court in Najib Razak’s corruption and abuse of power trial heard today that there is no visible outcome from SRC International Sdn Bhd’s venture in the natural resources sec...
Malay Mail:
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KUALA LUMPUR, July 11 — A former Treasury secretary-general agreed in court today that no marquee projects came of the RM4 billion that Retirement Fund (Incorporated) [KWAP] loaned to SRC Internatio...
The Edge Markets:
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VIEWS are mixed on whether Tan Sri Abu Sahid Mohamed and his flagship Maju Holdings Sdn Bhd should be given the green light to take over toll highway concessionaire PLUS Malaysia Bhd.
The Edge Markets:
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KUALA LUMPUR (July 10): Former Treasury Secretary-General Tan Sri Wan Abdul Aziz Wan Abdullah is expected to take the witness stand today, as the SRC International Sdn Bhd trial enters its 35th day.
Free Malaysia Today:
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KUALA LUMPUR: The High Court in Najib Razak’s SRC International trial heard today that the finance minister is responsible for Finance Ministry Incorporated (MoF Inc).
EdgeProp.my:
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KUALA LUMPUR (July 9): The decisions to grant SRC International Sdn Bhd two government guarantees and transfer its ownership to the Ministry of Finance (MoF) Inc to strengthen its applications to borr...
The Edge Markets:
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KUALA LUMPUR (July 9): The decisions to grant SRC International Sdn Bhd two government guarantees and transfer its ownership to the Ministry of Finance (MoF) Inc to strengthen its applications to borr...
Malay Mail:
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KUALA LUMPUR, July 9 — The Cabinet was furnished with all the “clinical facts” on SRC International Sdn Bhd when it considered the company’s applications for government guarantees between 2011...
Malay Mail:
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KUALA LUMPUR, July 9 — The government guarantees given to SRC International Sdn Bhd for its RM4 billion loan between 2011 and 2012 had to be executed no matter what as it was a top-down decision, th...
The Edge Markets:
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KUALA LUMPUR (July 9): Malaysia will relaunch the shortened East Cost Rail Link later this month and local contractors will be able to bid for the 40% civil works portion of the project, NST reports, ...
Free Malaysia Today:
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KUALA LUMPUR: A former senior finance ministry officer said Najib Razak had put pressure through intermediaries to prepare a Cabinet paper on a government guarantee for SRC International Sdn Bhd, whic...
Malay Mail:
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KUALA LUMPUR, July 8 — SRC International Sdn Bhd received special attention from then prime minister and was in desperate need for funding when two government guarantees were granted to the company ...
Free Malaysia Today:
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KUALA LUMPUR: A former SRC International Sdn Bhd director told the court in Najib Razak’s corruption and abuse of power trial today that the inclusion of a clause in the company’s constitution dra...
The Edge Markets:
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Last week, YTL Communications Sdn Bhd — a 60% unit of YTL Power International Bhd — said the Ministry of Education had breached its contractual obligations over the supply of free internet connect...
Malay Mail:
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KOTA MARUDU, July 6 — The state government will continue to demand that the petroleum royalty be increased to 20 per cent from five per cent from the federal government to meet the development expen...
Free Malaysia Today:
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PETALING JAYA: Former prime minister Najib Razak today said the country’s official debt level has surpassed the RM800 billion mark.
The Edge Markets:
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KUALA LUMPUR: YTL Communications Sdn Bhd has claimed the ministry of education breached contractual obligations pertaining to the supply of Internet connectivity to 10,000 schools nationwide following...
The Borneo Post:
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KUALA LUMPUR: A key witness in the trial of Datuk Seri Najib Tun Razak’s SRC International Sdn Bhd case maintained that his statement to Malaysian Anti-Corruption Commission (MACC) was “from his o...
Free Malaysia Today:
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KUALA LUMPUR: A prosecution witness in Najib Razak’s corruption and abuse of power trial told the High Court today all words in his statement to the Malaysian Anti-Corruption Commission (MACC) inves...
Digital News Asia:
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YTL Communications Sdn Bhd has claimed that the Ministry of Education has breached its contractual obligations.
EdgeProp.my:
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KUALA LUMPUR (July 3): SRC International Sdn Bhd chairman Datuk Suboh Md Yassin said he did not know the management team of the company, calling them “very scanty people”, when asked by the defenc...
The Edge Markets:
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KUALA LUMPUR (July 3): SRC International Sdn Bhd chairman Datuk Suboh Md Yassin said he did not know the management team of the company, calling them “very scanty people”, when asked by the defenc...
Malaysiakini:
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YTL Communications Sdn Bhd has alleged that the Education Ministry has hired three internet service providers for schools when the company had offered to do so for free.
The Edge Markets:
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KUALA LUMPUR (July 3): YTL Power International Bhd’s 60%-owned YTL Communications Sdn Bhd has claimed that the Ministry of Education as being in breach of contractual obligations.
Free Malaysia Today:
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KUALA LUMPUR: A prosecution witness in Najib Razak’s corruption and abuse of power trial did not rule out the possibility that former SRC International Sdn Bhd CEO Nik Faisal Ariff Kamil could have ...
Free Malaysia Today:
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KUALA LUMPUR: The court today dismissed the application by former prime minister Najib Razak, who is facing charges of corruption and abuse of power, to attend the ongoing Dewan Rakyat session.
Malay Mail:
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KUALA LUMPUR, July 1 — As we enter Day 30 of Datuk Seri Najib Razak’s criminal trial today after a week’s break, have you lost track of all the goings-on in court or are just simply overwhelmed ...
Free Malaysia Today:
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PETALING JAYA: Najib Razak has challenged Finance Minister Lim Guan Eng to “prove me wrong” that the official national debt has now risen to RM797.4 billion.
The Edge Markets:
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KUALA LUMPUR (June 28): MMIS Bhd is seeking to list on the Leading Entrepreneur Accelerator Platform (LEAP) Market of Bursa Malaysia in August by issuing 50 million new shares at 10 sen per share, it ...
EdgeProp.my:
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PETALING JAYA (June 28): For 2019, LBS Bina Group Bhd has recorded a net revenue of RM766 million as at June 27, 2019.
Malay Mail:
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KUALA LUMPUR, June 27 — The 1Bestarinet contract to provide internet access and virtual learning environment (VLE) to over 10,000 public schools nationwide ends on June 30, after seven years of serv...
EdgeProp.my:
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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...
The Edge Markets:
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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...
theSun:
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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...
The Edge Markets:
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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...
Free Malaysia Today:
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KUALA LUMPUR: A former SRC International Sdn Bhd director told the High Court in Najib Razak’s corruption and abuse of power trial that he ran with his wife to Bangkok and Abu Dhabi in 2015 when the...
The Edge Markets:
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KUALA LUMPUR (June 20): Former SRC International Sdn Bhd director Datuk Suboh Md Yassin took the stand as a key witness in the graft case against former prime minister Datuk Seri Najib Razak today.
The Edge Markets:
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SHAH ALAM (June 20): Engineering, procurement, construction and commissioning (EPCC) outfit Serba Dinamik Holdings Bhd said it is eyeing a net profit growth of about 10% for the financial year ending ...
The Edge Markets:
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KUALA LUMPUR (Jun 20): The trial of Datuk Seri Najib Razak over his alleged misappropriation of RM42 million from former 1Malaysia Development Bhd (1MDB) subsidiary SRC International Sdn Bhd enters it...
The Straits Times:
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KUALA LUMPUR • SRC International, a former subsidiary of scandal-tainted state fund 1Malaysia Development Berhad, owes Malaysian pension fund Kumpulan Wang Persaraan (KWAP) RM4.15 billion (S$1.36 bi...
The Borneo Post:
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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...
Free Malaysia Today:
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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...
EdgeProp.my:
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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...
Free Malaysia Today:
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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...
The Edge Markets:
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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...
Free Malaysia Today:
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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...
EdgeProp.my:
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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...
Malay Mail:
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KUALA LUMPUR, June 19 — SRC International Sdn Bhd’s outstanding debt to the Retirement Fund Incorporated (KWAP) stands at RM4.15 billion as of May 2019 which the federal government has to pay in f...
Malay Mail:
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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...
Malay Mail:
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KUALA LUMPUR, June 19 — Datuk Seri Najib Razak’s administration had bailed out SRC International Sdn Bhd for a total of RM642 million between November 2015 and December 2017 after the company fail...
The Edge Markets:
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KUALA LUMPUR (Jun 19): The trial of embattled former prime minister Datuk Seri Najib Razak, who is accused of crimes in relation to the theft of RM42 million from SRC International Sdn Bhd, continues ...
The Borneo Post:
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Mazidah (left) arrived at the Kuala Lumpur Court Complex for the Najib court case proceeding.
Free Malaysia Today:
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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.
The Edge Markets:
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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...
Malay Mail:
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KUALA LUMPUR, June 18 — Datuk Seri Najib Razak and his Cabinet had approved a month-long RM100 million short-term loan sourced from government coffers to pay off accumulated interests and late payme...
Malay Mail:
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KUALA LUMPUR, June 18 — Datuk Seri Najib Razak declared he had no vested interest in SRC International Sdn Bhd during Cabinet meetings over the granting of government guarantees on the SRC Internati...
Malay Mail:
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KUALA LUMPUR, June 17 — SRC International Sdn Bhd documents submitted by former SRC International chief executive Nik Faisal Ariff Kamil may not be authentic and could be called into “question”,...
Free Malaysia Today:
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KUALA LUMPUR: The High Court in Najib Razak’s corruption and abuse of power trial heard today that an SRC International Sdn Bhd executive who has links with Low Taek Jho, also known as Jho Low, acte...
The Edge Markets:
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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...
The Straits Times:
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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...
The Edge Markets:
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SHAH ALAM (June 13): From a mere RM8 million contribution last year, Serba Dinamik Holdings Bhd is aiming to generate between RM150 million and RM200 million in revenue from its IT-related services fo...
The Edge Markets:
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KUALA LUMPUR (June 12): Malaysia’s ringgit stays in a narrow range even as oil prices fall and investors pull money out of local stocks.
Free Malaysia Today:
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KUALA LUMPUR: Najib Razak, who is facing seven criminal charges under three separate laws, played different roles in SRC International, the High Court heard today.
theSun:
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KUALA LUMPUR: Tan Sri Ismee Ismail, the former board member of SRC International Sdn Bhd, today said SRC resources came from the Retirement Fund Incorporated (KWAP) and a launching grant from the gove...
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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...
The Edge Markets:
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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...
Malaysiakini:
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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...
Free Malaysia Today:
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KUALA LUMPUR: The former chairman of the SRC International Sdn Bhd board of directors resigned from the company as he did not agree with the management style of its managing director, the High Court h...
EdgeProp.my:
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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...
Malay Mail:
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KUALA LUMPUR, June 10 — Foreign investments increased 73.4 per cent to RM29.3 billion in the first quarter of the year from RM16.9 billion in the first quarter of 2018, the Malaysian Investment Deve...
The Edge Markets:
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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...
The Edge Markets:
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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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PETALING JAYA (June 7): The Malaysia My Second Home (MM2H) scheme has raked in RM40.6 billion in total from its introduction in 2002 until 2018, from 21,841 approvals.
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PETALING JAYA (June 7): The Malaysia My Second Home (MM2H) scheme has raked in RM40.6 billion in total from its introduction in 2002 until 2018, from 21,841 approvals.
Malay Mail:
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SHAH ALAM, June 5 — Malaysians should appreciate and cherish the prevailing prosperity and unity in the country, says Communications and Multimedia Minister Gobind Singh Deo.
Free Malaysia Today:
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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...
theSun:
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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...
Malay Mail:
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KUALA LUMPUR, MAY 29 — The amount of loan repayments received by the National Higher Education Fund Corporation (PTPTN) from January to March this year was RM558.9 million, according to PTPTN. Its...
theSun:
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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...
theSun:
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PETALING JAYA: Loan repayments for the National Higher Education Fund Corporation (PTPTN) continue to be dismal, with the national study loan body collecting only slightly more than half of what was i...
Free Malaysia Today:
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KUALA LUMPUR: A witness in Najib Razak’s corruption and abuse of power trial told the High Court today that the former prime minister had expressed shock upon learning that someone had transferred m...
Free Malaysia Today:
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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...
Malaysiakini:
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The Malaysian Indian Transformation Unit (Mitra) is at risk of heading in the same trajectory as the previous government's Socioeconomic Development of the Indian Community (Sedic), said Hindu Rights ...
Malaysiakini:
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KINI ROUNDUP | Here are key headlines you may have missed yesterday, in brief. 1.
kopiandproperty.com:
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Yes, RTS JB – SG is postponed.
The Edge Markets:
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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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KUALA LUMPUR (May 22): Any privatisation of the Johor Bahru-Singapore Rapid Transit System (RTS) will enable "cronies" to profit for decades to come, said former prime minister Datuk Seri Najib Abdul ...
Malaysiakini:
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The proposed privatisation of the Johor Bahru-Singapore Rapid Transit System (RTS) Link will ensure "cronies" profit for decades to come, warns Najib Abdul Razak.
theSun:
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SINGAPORE: The Malaysian government has received various proposals from private investors for the Rapid Transit System (RTS) Link Project, according to Transport Minister Anthony Loke Siew Fook.