PRG plans to settle RM7m debt to major shareholder with new shares
KUALA LUMPUR (Feb 1): PRG Holdings Bhd is settling RM7 million worth of debt owed to major shareholder and group executive vice chairman Datuk Lua Choon Hann via the issuance of 12.
Nazifuddin Najib's bid to stay IRB's summary judgement application in RM37.6m suit to be decided on March 2
KUALA LUMPUR (Jan 20): High Court judge Datuk Ahmad Zaidi Ibrahim has fixed March 2 to deliver his decision on Datuk Seri Najib Abdul Razak's son Datuk Mohd Nazifuddin Najib's bid for a stay of the Inland Revenue Board's (IRB) application to obtain a summary judgement against him for allegedly not paying taxes to the amount of RM37.
2010-2019: The decade of disruption - Construction sector propelled by debt bingeing
PETALING JAYA (Dec 28): The previous government administration pushed infrastructure development in Malaysia between 2009 and 2018 but also left the country with a mountain of debt, the Edge reported today.
Guan Eng: Government direct debt up RM94.1b at RM799.1b
KUALA LUMPUR (Dec 6): Finance Minister Lim Guan Eng said today that the Malaysian government's direct debt had at most increased RM94.
SME Bank files legal claim demanding Seacera auctions land to repay associate’s debt
KUALA LUMPUR (Dec 4): Seacera Group Bhd (SGB) has been served with a legal claim demanding that it auctions land in Perak to pay off an RM31.
PLUS MD retort after Renong's former executive chairman statement on PLUS' debts
KUALA LUMPUR (Oct 31): PLUS Malaysia Bhd said today the highway operator was already a debt-ridden company when Syarikat Danasaham Sdn Bhd took over UEM Group Bhd (UEMG) from Renong Bhd and subsequently privatised UEMG in 2001.
RM6.2b for tolled highways better spent elsewhere, says economist
KUALA LUMPUR: Economist Muhammed Abdul Khalid criticised the finance ministry’s decision to acquire four urban tolled highways for RM6.
Perak Corp's unit defaults on RM280m syndicated loan repayment
KUALA LUMPUR (Oct 18): Animation Theme Park Sdn Bhd (ATP), a 51%-owned unit of loss-making Perak Corp Bhd (PCB), has defaulted on its repayment of a syndicated term loan facility of up to RM280 million.
EcoWorld certain locked-in sales will cover debt from rapid growth
PETALING JAYA (Oct 12): Eco World Development Group Bhd (EcoWorld) emerged as one of the top developers in the country in just six years but that success was assisted by substantial borrowing, according to a report from The Edge by Liew Jia Teng.
Budget 2020: Rahim and Co cautions potential home buyers to not take on too much debt, has neutral outlook on Budget 2020
PETALING JAYA (Oct 11): Neutral.
