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.
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.
‘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.
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.
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.
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...
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.
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.
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.
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.
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.
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.
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