News about Retirement

KUALA LUMPUR (Dec 11): Former prime minister Datuk Seri Najib Razak today claimed he did not know how funds in SRC International Sdn Bhd were spent after the RM2 billion loan was disbursed by the Retirement Fund Inc (KWAP).

KUALA LUMPUR (Dec 11): The decisions regarding the initial loan application to Retirement Fund Incorporated (KWAP) amounting to RM3.

KUALA LUMPUR (Dec 10): Former chief justice Tan Sri Richard Malanjum has been made the independent and non-executive chairman of Berjaya Land Bhd (BLand), effective yesterday.

PETALING JAYA (Aug 21): A few years ago, Hong Kong citizens shirked from the idea of spending their golden years in mainland China, when the government tried to encourage its elderlies to move to retirement homes in Guangdong to counter housing scarcity in the densely-populated Hong Kong.

KUALA LUMPUR (July 15): A former senior partner with law firm Hisham, Sobri & Kadir, who acted for the Retirement Fund Inc (KWAP), told the High Court that SRC International Sdn Bhd will have to pay back more than RM9.

KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.

KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.

KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).

KUALA LUMPUR (May 31): Boustead Holdings Bhd, the key contributor to Retirement Fund (Incorporated)’s (KWAP) dividend, slipped into the red for the first quarter ended March 31 (1QFY19), posting a net loss of RM22.

PUTRAJAYA (August 9): The Immigration Department of Malaysia is expected to introduce e-visas for approved Malaysia My Second Home (MM2H) applicants by end-2018 to ease the traffic at immigration centres and reduce the processing time, said Ministry of Tourism, Arts and Culture Malaysia (Motac) head of department for the immigration unit of MM2H Ernee Shylla Mohtar.