Finance Ministry to ensure RM43m SRC payment made to KWAP

The Finance Ministry will ensure a sufficient allocation is made available to settle SRC International Sdn Bhd’s upcoming interest payment of RM43.02 million to the Retirement Fund Incorporated .The amount in question is part of the balance of financing of RM3.80 billion which ends in 2022, said Finance Minister Lim Guan Eng in a statement today.

“As the financing is guaranteed by the government and to avoid a default on the repayment, it is the duty of the government to ensure that the schedule of repayment is adhered to,” he added. The latest payment of RM344.68 million was made on Aug 29 and encompassed the RM300 million principal and interest of RM44.68 million.The company had borrowed RM4 billion from KWAP in two loans amounting to RM2 billion each on Aug 26, 2011 and on March 27, 2012. Both loans were fully guaranteed by the federal government.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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
Herkunft: fmtoday - 🏆 5. / 72 Weiterlesen »

Finance Ministry says has paid RM1.7b of SRC International’s debt to KWAP | Malay MailKUALA LUMPUR, Sept 2 — The Ministry of Finance (MoF) has paid nearly RM1.7 billion of scandal-plagued SRC International Sdn Bhd’s debts to the Retirement Fund (Incorporated) (KWAP), with the most recent transaction of over RM344 million last month. Finance Minister Lim Guan Eng said as a...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »

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
Herkunft: msianinsight - 🏆 8. / 63 Weiterlesen »