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Finance Ministry has settled RM1.69 billion of SRC International’s RM4 billion KWAP loan | The Malaysian Insight

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Finance Ministry has settled RM1.69 billion of SRC International’s RM4 billion KWAP loan

Finance Minister Lim Guan Eng says the government has settled RM1.69 billion of SRC International's RM4 billion loan from KWAP thus far. – The Malaysian Insight pic by Seth Akmal, September 2, 2019.

THE Finance Ministry has thus far paid RM1.69 billion as part of its obligation in servicing SRC International Sdn Bhd’s RM4 billion loan from the Retirement Fund Inc . The RM4 billion government guaranteed loan facility was taken by SRC International from KWAP on August 26, 2011 and March 27, 2012, whereby the civil service pension fund had released RM2 billion on each date.

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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
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