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The Star
14-08-2025
- Business
- The Star
RM29.7bil in 1MDB and SRC funds recovered by govt
KUALA LUMPUR: The government has recovered RM29.7bil in public funds linked to 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd, the Dewan Rakyat heard. The Finance Ministry said the effort involves a complex and lengthy process requiring international cooperation and legal proceedings. In a written reply to Datuk Seri Dr Wan Azizah Wan Ismail (PH-Bandar Tun Razak), the ministry said RM10.9bil has been accumulated in the Assets Recovery Trust Account from 2022 to June 30 this year. As of July 31 this year, a net RM42.17bil has been allocated to 1MDB to finance debt repayments and company commitments. This includes RM15.44bil from the ministry and Minister of Finance Incorporated provided as shareholder advances or loans. It also includes RM26.73bil from recovered 1MDB assets. The funds have been used to pay RM28.93bil in 1MDB principal debt and RM13.24bil in interest and company commitments. The remaining 1MDB debt for principal and Sukuk IMTN interest payments until 2039 stands at RM9.02bil. This comprises RM5bil in principal and RM4.02bil in interest. For SRC, the government has allocated RM5.35bil to cover principal, interest and company commitments. The ministry said the recovery process is ongoing and requires collaboration with local and international agencies. It added that legal proceedings and settlement negotiations are part of the process. The government remains committed to maximising recovery to settle 1MDB and SRC debts within the stipulated timeframe.
Barnama
19-05-2025
- Barnama
Six Highways, 25 Main roads In Klang Valley To Be Closed For ASEAN Summit
The list of roads that will be closed is as follows: Bukit Aman Traffic Investigation and Enforcement Department (JSPT) director Datuk Seri Mohd Yusri Hassan Basri the roads that would be closed included the routes to the Kuala Lumpur International Airport (KLIA) and Subang; Kuala Lumpur Convention Centre (KLCC) Istana Negara and the accommodation hotels. KUALA LUMPUR, May 19 (Bernama) -- Six highways and 25 main roads around the Klang Valley will be closed in stages from Friday (May 23) until May 28, in conjunction with the ASEAN Summit, to ensure smooth traffic flow. - Kuala Lumpur–Seremban Expressway (Sg Besi-City Centre) - Lingkaran Putrajaya - Jalan Istana - Jalan Damansara - Jalan Tun Razak - Jalan Ampang - Jalan Sultan Ismail - Jalan Bukit Bintang - Jalan Imbi - Jalan Parlimen - Jalan Kuching. Date: May 26 (8 am until completion of arrivals; 5.30 pm until completion of arrivals; and 7 pm until arrivals) - Intersection of Jalan Ampang-Jalan P. Ramlee - Intersection of Jalan Sultan Ismail-Jalan P. Ramlee - Intersection of Jalan Perak-Jalan P. Ramlee - Intersection of Jalan Perak-Jalan Pinang - Intersection of Jalan Stonor-Jalan Kia Peng - Intersection of Jalan Stonor-Persiaran KLCC. Date: May 27 (8 am to 10.30 am) - Intersection of Jalan Ampang-Jalan P. Ramlee - Intersection of Jalan Sultan Ismail-Jalan P. Ramlee - Intersection of Jalan Perak-Jalan P. Ramlee - Intersection of Jalan Perak-Jalan Pinang - Intersection of Jalan Stonor-Jalan Kia Peng - Intersection of Jalan Stonor-Persiaran KLCC. Date: May 27 (11.45 am to 1 pm) - Jalan Tun Razak - Jalan Mahameru - Jalan Sultan Abdul Halim Date: May 27 (1.45 pm to 3 pm) - Jalan Parlimen-Jalan Kuching - Jalan Sultan Ismail - Intersection of Jalan Sultan Ismail-Jalan P. Ramlee - Intersection of Jalan Perak-Jalan P. Ramlee - Intersection of Jalan Perak-Jalan Pinang - Intersection of Jalan Stonor-Jalan Kia Peng - Intersection of Jalan Stonor-Persiaran KLCC. Date: May 28 (8 am) - KLIA Expressway - ELITE Expressway (KLIA-Putrajaya) - NKVE Expressway (Subang-Jalan Duta) - GUTHRIE Expressway - PLUS Expressway (Sg Buloh-Jalan Duta) - MEX Expressway - KL-Seremban Expressway (Sg Besi-City Centre) - Lingkaran Putrajaya - Jalan Istana - Jalan Damansara - Jalan Tun Razak - Jalan Ampang - Jalan Sultan Ismail - Jalan Bukit Bintang - Jalan Imbi - Jalan Parlimen - Jalan Kuching Mohd Yusri said the closure would be done in phases, with each closure to last 30 minutes to enable the convoy or motorcade of the summit participants and guests from each country to reach the destination on time. He advised the public not to park their vehicles indiscriminately along the roads involved in the closure to ensure smooth traffic flow. He added that enforcement action would be taken against vehicles parked on the closed roads, including having the vehicles towed away. In addition, he said that business and heavy vehicles are also not allowed to enter the city centre from 6.30 am to 7.30 am and from 4.30 am from today until May 28. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
