The Malaysian Pulse
Beat of the Nation
Tue, 17 Sep 2019, 12:46 AM
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Topic: RM4bil

The Star:
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Research house sees rising asset utilisation in O&G industry
PETALING JAYA: Improving fundamentals appear to be driving the increased optimism in the oil and gas (O&G) sector recently.
The Edge Markets:
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EVENING 5: Five things you need to know today
Dirty dealings. Corporate battles.
The Star:
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Malaysia pursuing civil action to recover nearly RM4b from former 1MDB unit
KUALA LUMPUR: Malaysia is pursuing civil action to recover about RM4bil (US$954.65mil) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state...
The Star:
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Cost of treating smokers exceeds excise duty on ciggies, says Lee
SHAH ALAM: The Federal Govern­ment has to spend around RM16bil a year to treat patients with diseases related to smoking.
The Star:
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Ministry needs more allocation to meet health needs
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.
The Star:
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Penang's first island project seen to create RM4b worth of jobs
GEORGE TOWN: The first of the three islands planned under the Penang South Reclamation (PSR) project is expected to create RM4bil worth of new construction jobs for the industry.
The Star:
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Contractors could secure up to RM11bil in ECRL
PETALING JAYA: Local contractors could secure between RM8.8bil and RM11bil in civil work contracts from the RM44bil East Coast Rail Link (ECRL), which is set to be relaunched at the end of the month.
The Star:
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SRC has to repay RM9.2bil to KWAP, court told
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.
The Star:
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Safety action plan activated for Sarawak villages on interstate gas-pipe route
MIRI: The Sarawak Fire and Rescue Department has activated a safety action plan for villagers living along the Sarawak-Sabah interstate gas-pipe route in Sarawak.
The Star:
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‘Nothing tangible came out of loan’
KUALA LUMPUR: A witness told the High Court that nothing tangible came out of the RM4bil loaned by Retirement Fund Inc (KWAP) to SRC International Sdn Bhd.
The Star:
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Witness tells court he did not know what happened to RM4bil loaned to SRC
KUALA LUMPUR: A witness told the High Court that nothing tangible had resulted from the RM4bil loaned by the Retirement Fund Inc (KWAP) to SRC International Sdn Bhd.
The Star:
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YTL Communications claims Education Ministry went back on tender offer
KUALA LUMPUR: YTL Communications Sdn Bhd has alleged that the Education Ministry has hired three internet service providers for schools when the company offered to do so for free.
The Star:
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IJM Land revising plan for The Light City
GEORGE TOWN: IJM Land Bhd is expected to start the construction work for its RM4bil The Light City project by the second quarter of next year.
The Star:
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Overhang value exceeded 600% over five years
OF late, there have been calls from different quarters appealing to the government to reduce the pricing threshold of properties that foreigners are allowed to buy.
The Star:
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Affin Hwang maintains Hold on Gamuda, TP at RM4.08
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.
The Star:
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Federal Govt paying SRC loan until 2022
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.
The Star:
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Najib's SRC trial: Govt bailed out SRC with close to RM600mil to repay KWAP
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.
The Star:
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SRC trial: Witness says govt still servicing RM4bil KWAP loan
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.
The Star:
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Najib had control of SRC, court told
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak had control in the management of SRC International Sdn Bhd after an amendment was made in the company’s articles of association, the High Court heard.
Star TV:
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SRC trial: Company received RM4bil loan from KWAP, RM20mil grant from govt, says ex-board member
Tan Sri Ismee Ismail, the former board member of SRC International Sdn Bhd, said the company received funds from the Retirement Fund Incorporated (KWAP) and a launching grant from the government.Ismee...
The Star:
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SRC trial: Company received RM4bil loan from KWAP, RM20mil grant from govt, says ex-board member
KUALA LUMPUR (Bernama): Tan Sri Ismee Ismail, the former board member of SRC International Sdn Bhd, said the company received funds from the Retirement Fund Incorporated (KWAP) and a launching grant from the government.
The Star:
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PTPTN receives 60% or less of repayments every month
KUALA LUMPUR (Bernama): The National Higher Education Fund Corporation (PTPTN) has received RM558.9mil in repayments in from January to March 2019.
The Star:
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When a PTPTN U-turn is okay
There is nothing wrong with emulating Barisan’s way of collecting debt, if it works.  SOMEONE sent me a screenshot tweet by a Pakatan Harapan leader who some on social media say should be the Educ...
The Star:
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edotco to benefit from mega-merger
AXIATA Group Bhd’s tower company, edotco Group, is expected to be a major beneficiary of the mega-merger between Axiata and Telenor ASA’s Asian assets.
The Star:
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Westports could see longer-term prospects, says Kenanga
KUALA LUMPUR: Kenanga research has maintained its market perform rating on Westports Holdings Bhd with an unchanged target price of RM3.75.
Wesports | KUALA LUMPUR | Kenanga | Westports 2 | 2H19 | Westports Holdings Bhd | Westports | WRPTS | Management | Phase 1 | FY20 | FY21 | 1Q19 | 2H18 | Asia-America | 2 | 8 | 2040 | 8 | 3 | 20 | 3 | 7 | 1 | 33 | 75 | 2 | 2 | 1 | 5 | 5 | 2 | 12 | 5 | 2 | 2 | RM70mil | RM4bil | RM3bil | RM3.75 | 2040
The Star:
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Fire at Sabah-Sarawak gas pipeline, no explosion or casualties reported
MIRI: A fire occurred at the Sabah-Sarawak interstate gas pipeline near the remote Long Segemang village in Lawas district in northernmost Sarawak early Wednesday (May 8).
The Star:
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Strong appetite for Leong Hup IPO as offer of 73m shares to public oversubscribed 3.64 times
KUALA LUMPUR: Poultry giant Leong Hup International Bhd's initial public offer (IPO) of 73 million shares to the Malaysian public was oversubscribed by 3.64 times.
The Star:
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Witness in Najib's SRC trial says he was pressured to complete working paper for KWAP
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.
The Star:
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Malaysia on right track to regaining Asian Tiger status
KUALA LUMPUR: Finance Minister Lim Guan Eng is confident that Malaysia is on the right track to strengthen the economy and fiscal status by 2021, leading the way to regaining its position as an Asian Tiger.
The Star:
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Govt paid Najib RM1mil in special golden handshake
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak was paid over RM1mil in a special golden handshake payment by the government in May last year, the High Court heard.
The Star:
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Najib's 1MDB hearing postponed to Aug 19
KUALA LUMPUR: The hearing for 1Malaysia Development Bhd (1MDB) corruption case involving former prime minister Datuk Seri Najib Razak and RM2.28bil at the High Court here has been postponed for the second time to give way to the hearing of his SRC International case.
The Star:
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SRC got RM4bil from KWAP
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.
The Star:
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Najib trial: RM4bil funds credited into SRC's account from KWAP
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).
The Star:
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Nothing much PBS can do for Sandakan folk, says Yeo
SANDAKAN (Bernama): There is nothing much the PBS can do for the people of Sandakan because when the party was part of the previous government, it failed to deliver on its promises, says Yeo Bee Yin.
The Star:
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Lee: Educational enforcement on smoking ban to be intensified in rural areas
IPOH: Educational enforcement on smoking ban will be intensified in rural areas nationwide, says Deputy Health Minister Dr Lee Boon Chye.
The Star:
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Najib's SRC trial: RM14.5mil transferred into one of ex-PM's AmBank accounts
KUALA LUMPUR: Millions were circulated among Datuk Seri Najib Razak's various AmBank accounts, with RM14.5mil transferred into one account in particular, the High Court was told.
The Star:
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Leong Hup kicks off return to Bursa
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.
The Star:
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Najib's SRC trial: RM4bil credited into SRC's bank account, RM85mil tranferred out
KUALA LUMPUR: A total of RM85mil was transferred out of SRC International Sdn Bhd's bank account from July 2014 and February 2015.
The Star:
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Shahril not reducing stake in Sapura Energy
PETALING JAYA: The 600 million shares or 3.76% stake in Sapura Energy Bhd that was sold off by Sapura Technology Sdn Bhd, the investment vehicle of Tan Sri Shahril Shamsuddin and family, was actually excess shares, and not shares of their own core shareholding.
The Star:
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Serba Dinamik targets RM4bil revenue
KUALA LUMPUR: Serba Dinamik Holdings Bhd is looking to improve its revenue by 15% to 20% for the financial year 2019 (FY19) in light of the bullish outlook for the oil and gas (O&G) sector.
The Star:
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AmInvest Research upgrades Sapura Energy to Buy, ups target price to 50c
KUALA LUMPUR: AmInvestment Research upgraded its call on Sapura Energy (Sapura) to Buy from Hold with a higher fair value of 50 sen a share from an earlier 30 sen.
The Star:
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M’sia on track to restore financial health in three years
PETALING JAYA: Finance Minister Lim Guan Eng said Malaysia is on track to restore its financial health within three years after it had been damaged by the 1Malaysia Development Bhd scandal.
Star TV:
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Guan Eng: Nomura report is untrue, SST collection exceeds forecast
The government collected RM5.4bil from the Sales and Services Tax in the past two months, exceeding its estimate of RM4bil, said Finance Minister Lim Guan Eng.
The Star:
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Govt collected RM5.4b in SST, exceeds forecast of RM4b
KUALA LUMPUR: The government collected RM5.4bil from the Sales and Services Tax in the past two months, exceeding its estimate of RM4bil, Bloomberg reported.
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