Sat, 24 Aug 2019, 4:04 AM
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Topic: Treasury

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TOKYO, Aug 23 ― Asian shares struggled to make any headway today as weak US manufacturing activity and uncertainty over how much further the Federal Reserve would cut rates added to the general air ...
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NEW YORK, Aug 23 ― The benchmark S&P 500 ended little changed yesterday as a fall in US jobless claims offset data showing a contraction in US manufacturing activity while investors awaited Federal ...
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NEW YORK: The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy.
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NEW YORK, Aug 22 — US stocks turned lower today as the first contraction in the manufacturing sector in nearly a decade and uncertainty about future interest rate cuts overshadowed an initial boost ...
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WASHINGTON, Aug 22 — The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labour market was holding firm despite a manufacturing slowdown and ...
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TOKYO, Aug 22 — The dollar held gains today after minutes from the Federal Reserve’s last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep i...
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KUALA LUMPUR (Aug 22): The FBM KLCI nudged higher this morning in line with the slight gains at regional markets, but was seen trading range bound.
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KUALA LUMPUR: Bursa Malaysia struggled early Thursday on the lack of convincing catalysts while the undertone of the market continued to be weak following the continued selling by foreign funds.
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(Aug 22): Stocks in Asia were set for modest gains Thursday after minutes from the Federal Reserve’s latest meeting did little to alter expectations for more rate cuts.
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KUALA LUMPUR (Aug 21): The FBM KLCI remained below the 1,600-point level at mid-morning today, tracking its regional peers.
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NEW YORK: Rates traders are gearing up for a keynote speech from Federal Reserve Chairman Jerome Powell in Jackson Hole on Friday that could be wildly out of tune with their expectations.
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KUALA LUMPUR (Aug 21): The FBM KLCI drifted lower in early trade, tracking the decline at regional markets, weighed by select index-linked stocks.
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KUALA LUMPUR: Blue chips retreated early Wednesday as selling on Public Bank and Tenaga Nasional picked up pace sending the FBM KLCI deeper into the red, tracking the decline in key Asian markets.
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(Aug 21): Stocks in Asia looked set to decline after a weak U.S. session and a further move lower in Treasury yields as investors assessed the latest news on trade talks and awaited more clues on mone...
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KUALA LUMPUR (Aug 20): The FBM KLCI made limited gains at mid-morning today as regional markets nudged higher modestly.
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NEW YORK: Treasuries investors are casting a wary eye abroad after a barrage of sloppy overseas data roiled the world’s biggest bond market.
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On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July's quarter-point rate cut.
Malay Mail:
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NEW YORK, Aug 16 — US stocks muscled higher at the open today as investors found relief in hope for progress in the US-China trade war, and housing data offered enough good news not to ruin the part...
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(Aug 16): Stocks in Asia looked set to drop after another tumultuous session on Wall Street and further declines in Treasury yields, on heightened trade uncertainty and fears of a slowing global econo...
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LONDON, Aug 15 — China’s threat to impose counter-measures in retaliation for the latest US tariffs knocked stocks sprawling today, checking earlier attempt to recover from a rout sparked by fears...
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LONDON, Aug 15 — World shares held at 2-1/2-month lows today and Wall Street was set for a firmer open as investors bet the US Federal Reserve and other central banks would respond strongly to reces...
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KUALA LUMPUR (Aug 15): The FBM KLCI pared some of its loss but remained 0.71% in the red as regional markets mostly fell in a domino effect, tracking the overnight tumble at Wall Street.
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IT ONLY took a small taste of what a U.S. recession might be like for President Donald Trump to suggest that he wants a trade deal with China after all.
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NEW YORK: The dramatic decline in Argentine assets is wreaking havoc on some of the largest US money managers.
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NEW YORK, Aug 14 — Wall Street was set to open lower today, as poor economic data from China and Germany put the focus back on the impact of a bruising Sino-US trade war which is pushing some major ...
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NEW YORK, Aug 14 ― US and European stocks jumped, the dollar strengthened and Treasury prices rose yesterday after the United States said it would delay tariffs on some Chinese products, easing conc...
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(Aug 14): Asian stocks were primed to rally after the Trump administration de-escalated its trade war with China, providing relief to risk assets that had been under pressure earlier in the week.
Malay Mail:
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NEW YORK, Aug 13 — The US dollar took off this morning, clobbering the Japanese yen, after the Trump administration said it would delay 10 per cent tariffs on some Chinese products scheduled to begi...
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TOKYO, Aug 13 ― Asian shares fell today as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbours like bonds, gold...
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TOKYO: Asian shares fell on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the yen.
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(Aug 13): Asian stocks looked set to follow their U.S. counterparts lower as political unrest in Hong Kong and Argentina added to trade concerns and fueled a rally in global bonds.
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Fears of a major downturn in euro zone powerhouse Germany grew this week following "scary" industrial output figures for June and reports due over the coming week that will hold those concerns up to the light.
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The trade war’s August escalation has spooked markets -- and central banks -- around the world. The bad news, though, is that while President Donald Trump has fired two large weapons in the past week by green-lighting his biggest swathe of tariffs yet and formally branding China a currency manipulator, his arsenal is far from exhausted.The trade war’s August escalation has spooked markets -- and central banks -- around the world. The bad news, though, is that while President Donald Trump has fired two large weapons in the past week by green-lighting his biggest swathe of tariffs yet and formally branding China a currency manipulator, his arsenal is far from exhausted.
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NEW YORK: Signs of further escalation of the U.S.-China trade war and weak UK economic data weighed on global markets on Friday, capping a volatile week that has pushedgold to its highest level in six years.
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TOKYO, Aug 9 ― Asian shares caught the tail of a Wall Street rally today, helped by China's better-than-expected export figures but fresh concerns about Sino-US trade ties are likely to limit gains ...
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KUALA LUMPUR, Aug 8 ― The Ministry of International Trade and Industry (MITI) is in discussion with the Treasury on incentives and matching grants for domestic direct investments (DDIs) and hopes it...
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KUALA LUMPUR (Aug 8): The FBM KLCI ticked up in early trade this morning,lifted by gains including at Tenaga Nasional Bhd and Genting Bhd, against the backdrop of muted regional markets.
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TOKYO, Aug 8 — The yen stood tall today, after global central banks startled markets with heavy rate cuts and threats of more to come as world economic risks grow, boosting the appeal of the safe-ha...
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(Aug 8): Asian stocks looked set for a muted open as investors assessed the implications of the latest central bank moves to bolster growth.
Malay Mail:
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NEW YORK, Aug 8 — Plunging bond yields jolted global markets yesterday as interest rate cuts by three central banks and grim German economic data underscored worries about a weakening global economy...
Free Malaysia Today:
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PUTRAJAYA: A seven-member Federal Court bench today dismissed former prime minister Najib Razak’s bid to stop Gopal Sri Ram from prosecuting in the 1MDB case slated to begin on Aug 19, ruling that t...
Malay Mail:
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PUTRAJAYA, August 7 — In a unanimous ruling, the Federal Court today rejected Datuk Seri Najib Razak’s last attempt to remove former judge Datuk Seri Gopal Sri Ram as the lead prosecutor in his 1M...
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TOKYO, Aug 7 ― The dollar fell against the yen as Japanese stocks opened lower today in a sign markets remain nervous about US-China trade frictions following major foreign exchange volatility in th...
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KUALA LUMPUR (Aug 6): The FBM KLCI slumped 1.10% in early trade this morning, tracking the regional plunge after Washington designated Beijing a currency manipulator.
Malay Mail:
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NEW YORK, Aug 5 — Wall Street’s main indexes fell sharply today, led by technology companies, as China’s willingness to let the yuan slide in response to the latest US tariff threat fanned fears...
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NEW YORK, Aug 3 — Wall Street extended its sell-off yesterday on renewed trade fears as the benchmark S&P 500 index and Nasdaq saw their worst weekly percentage plunges since December, when investor...
EdgeProp.my:
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PUTRAJAYA (Aug 2): The Public Sector Home Financing Board (LPPSA) says it aims to disburse RM12 billion in total loans by the end of this year.
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PUTRAJAYA (Aug 2): The Public Sector Home Financing Board (LPPSA) says it aims to disburse RM12 billion in total loans by the end of this year.
Malay Mail:
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TOKYO, Aug 2 — The Japanese yen hit a more-than-one month high against the dollar and multi-year peaks against antipodean currencies today after US President Donald Trump broke a truce in the Sino-U...
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(Aug 2):  A fresh salvo in the U.S.-China trade war from President Donald Trump roiled financial markets a day after the Federal Reserve delivered the first interest-rate cut in a decade in part to c...
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AFTER 10 proceedings over nine months, the Public Accounts Committee (PAC) has finally come to a close in its inquiry into RM19.4 billion in Goods and Services Tax (GST) refunds that Finance Minister ...
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(July 31): Asian stocks are set to decline amid pessimism over U.S.-China trade talks and mixed corporate earnings.
Free Malaysia Today:
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PETALING JAYA: An economist who helped design the New Economic Policy (NEP) has urged the government to turn its plan for needs-based affirmative action into a formal policy.
Malaysiakini:
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The US Supreme Court on Friday handed President Donald Trump a victory by letting his administration redirect US$2.5 billion in money approved by Congress for the Pentagon to help build his promised w...
The Star:
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NAIROBI (Reuters) - Kenyan authorities were hoping this week's unprecedented arrest of the finance minister and several other top officials on corruption charges would serve as a stern warning to potential grifters.
Malay Mail:
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WASHINGTON, July 26 — US President Donald Trump today kept up his pressure on global tech giant Google days after his Treasury secretary ruled out any national security concerns over the company’s...
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TOKYO, July 26 ― The dollar traded near a two-week high versus the yen as investors pared expectations for aggressive Federal Reserve interest rate cuts ahead of key US economic data due later in th...
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THE testimonies of three former senior officers of the Ministry of Finance (MoF) in the SRC International Sdn Bhd case last week provided considerable insight into the role played by former prime mini...
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DESPITE granting a significant RM4 billion in loans to SRC International Sdn Bhd and expediting disbursement at the request of former prime minister and finance minister Datuk Seri Najib Razak, it app...
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42     DATUK Suboh Yassin, 68 Former director of SRC Suboh agreed with the prosecution that despite questions or doubts about his signature for the transfer of funds from SRC and its subsidiary Gan...
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KUCHING: A ministry in Sarawak is giving itself five months to improve its financial management after receiving a less than satisfactory rating in the Auditor-General's Report 2018.
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TOKYO, July 23 ― Sterling was on the back foot today as investors worried Boris Johnson, the frontrunner to become the UK's next prime minister, would trigger a “hard Brexit” from the European U...
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TOKYO: Sterling was on the back foot on Tuesday as investors worried Boris Johnson, the frontrunner to become the UK's next prime minister, would trigger a "hard Brexit" from the European Union, widely seen as a major risk for the British economy.
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(July 22): Stocks in Asia looked set to kick off the week on the backfoot following declines in the U.S. Friday.
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LONDON: Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn’t apply to head up the Bank of England.
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The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.
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KUALA LUMPUR (July 19): The FBM KLCI climbed 0,.25% in early trade this morning, tracking the overnight advance at Wall Street, lifted by gains at select index-linked stocks.
Malay Mail:
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WASHINGTON, July 19 ― US and Chinese officials spoke by telephone yesterday as the world's two largest economies seek to end a year-long trade war, with US Treasury Secretary Steven Mnuchin suggesti...
Free Malaysia Today:
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KUALA LUMPUR: SRC International Sdn Bhd did not have a representative of the Minister of Finance Incorporated although SRC International was a wholly-owned government company, the High Court was told ...
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TOKYO (July 18): Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, helping to underpin solid dema...
Malay Mail:
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TOKYO, July 18 — The US dollar nursed light losses today, weighed down by lower US yields and a rebound in the British pound from 27-month lows.
Free Malaysia Today:
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Much has been said about the GST refunds which some claimed had gone missing.
Malay Mail:
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NEW YORK, July 17 — Three big US banks reported strong earnings yesterday even as warning signs emerged that the playing field is beginning to tilt against the financial industry.
Malaysiakini:
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Federal Treasury secretary-general Ahmad Badri Mohd Zahir has expressed his support for Finance Minister Lim Guan Eng to ensure the RM19.4 billion in supposed delayed GST refunds are returned to the e...
AsiaOne:
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KUALA LUMPUR - A total of 13 ministries have unpaid road summonses, with some outstanding for as long as 20 years, revealed the 2018 Auditor-General's Report Series 1.
Malay Mail:
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WASHINGTON, July 16 — US Treasury Secretary Steven Mnuchin said yesterday the Trump administration and Congress were getting close to a deal on raising the US debt ceiling and he urged lawmakers to ...
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KOTA KINABALU, July 16 — Almost RM1.717 billion was spent by the government on subsidies for liquefied petroleum gas in 2015 to 2017, but on the wrong user group.
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Kuala Lumpur: No money went missing from the Goods and Services Tax (GST) re­funds, says the Public Accounts Committee (PAC).
Malaysiakini:
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PAC REPORT | The Treasury secretary-general Ahmad Badri Mohd Zahir (above) told the Public Accounts Committee (PAC) he does not believe the RM19.4 billion in supposed delayed GST refunds were stolen.
Free Malaysia Today:
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PETALING JAYA: The auditor-general (A-G) today said the government paid over RM190,000 in salaries last year to officers who have left the civil service.
Free Malaysia Today:
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KUALA LUMPUR: The auditor-general (A-G) says several ministries delayed signing government contracts with private companies for up to eight months last year.
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KUALA LUMPUR (July 15): The state customs has overpaid a total of RM41.4 million in liquefied petroleum gas (LPG) subsidies claim from 2015 to 2017.
The Star:
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HONG KONG: A full-blown currency war where major central banks and governments, including the U.S., deliberately weaken their currencies can no longer be ruled out, Pacific Investment Management Co.’s global economic adviser Joachim Fels wrote in a report.
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ROME, July 15 — Italy’s Atlantia group, owned by the Benetton family, is ready to take a stake in ailing flagship carrier Alitalia, as are three other new investors, Italian media reported yesterd...
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WASHINGTON, July 12 — The US government could run out of money in early September unless Congress allows the administration to borrow more, Treasury Secretary Steven Mnuchin warned today.
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TOKYO, July 12 ― The dollar was steady today, having regained some traction against its peers after stronger-than-expected US inflation data tempered the prospect of an aggressive Federal Reserve in...
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NEW YORK: A broad index of stocks around the world rose on Thursday as financial shares helped Wall Street's benchmark index advance, while oil prices fell on a forecast for weaker demand.
Malay Mail:
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NEW YORK, July 12 ― A broad index of stocks around the world rose yesterday as financial shares helped Wall Street's benchmark index advance, while oil prices fell on a forecast for weaker demand.
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KUALA LUMPUR (July 11): Accusations against Barisan Nasional (BN) for spending Goods and Services Tax (GST) refund to cover the then government's income shortfall are inaccurate, Parliament Public Acc...
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...
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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...
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KUALA LUMPUR, July 11 — Putrajaya will be looking into whether Koperasi Jayadiri Malaysia Berhad (Kojadi) received other funds from the Treasury under the Najib administration after the MCA public-l...
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THE Public Accounts Committee (PAC) will table its findings on the “missing” RM19.4bil Goods and Services Tax (GST) credit refunds in Parliament on July 16.
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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 (July 10): The FBM KLCI closed 3.9 points or 0.23% lower today at 1,678.97 on profit taking and as global investors awaited Federal Reserve chairman Jerome Powell remarks during his two-d...
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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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KUALA LUMPUR: The Public Accounts Committee (PAC) will table its report over the "missing" RM19.4bil Goods and Services Tax (GST) credit refunds in Parliament on July 16.
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BENGALURU: Gold prices eased on Wednesday, as the dollar climbed on reduced expectations of a sharp U.S. interest rate cut and ahead of Federal Reserve Chairman Jerome Powell’s congressional testimony due later in the day.
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NAJIB TRIAL | SRC International Sdn Bhd was not allowed to utilise money loaned from Retirement Fund Incorporated (KWAP) for purposes not stated in the agreement, the Kuala Lumpur High Court heard tod...
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KUALA LUMPUR: A former Treasury secretary-general told the court in Najib Razak’s corruption and abuse of power trial today that the former prime minister had called him to request that the pensione...