News Formal

Finance Ministry to ensure RM43m SRC payment made to KWAP

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Gov't has repaid RM1.69b of 1MDB subsdiary's debt to KWAP so far, adds minister Lim Guan Eng. 

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 20. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: fmtoday - 🏆 5. / 72 Läs mer »

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...
Källa: malaymail - 🏆 1. / 86 Läs mer »

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
Källa: msianinsight - 🏆 8. / 63 Läs mer »