News Formal

Finance Ministry says has paid RM1.7b of SRC International’s debt to KWAP | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

Finance Ministry says has paid RM1.7b of SRC International’s debt to KWAP

The finance minister said as a guarantor to the RM4 billion loan made by the former 1MDB subsidiary, the government needs to ensure the pension funds could still function by not defaulting on the payments. — Picture by Shafwan Zaidon

“The total payment made by the Ministry of Finance for SRC International Sdn Bhd now is RM1,691,822,628.05,” he said in a statement here. Lim acknowledged that while the government is struggling fiscally, it will still ensure that enough funds be allocated to honour the debt schedule — which has a balance of around RM3.8 billion unaccounted for.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Ministry has settled RM1.69 billion of SRC International’s RM4 billion KWAP loan | The Malaysian InsightFinance Ministry has settled RM1.69 billion of SRC International’s RM4 billion KWAP loan
Source: msianinsight - 🏆 8. / 63 Read more »

Finance ministry to ensure enough cash to repay KWAP for SRC loansLim Guan Eng says his ministry has repaid a total of RM1,691,822,628 in principal amount and interests so far. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »