Today's top Malaysian news, sport and lifestyle.
A Royal Commission of Inquiry into Tabung Haji has cast doubt on the reliability of audit reports submitted to Malaysia's Cabinet and Parliament, with lawmakers questioning whether proper oversight mechanisms failed to detect irregularities in managing pilgrim savings.
An inquiry into Lembaga Tabung Haji's past irregularities must determine whether the hajj fund's troubles connect to the 1MDB scandal, a Dewan Rakyat member urges.
Five warning letters from Bank Negara Malaysia concerning Tabung Haji will be escalated to the prime minister and cabinet for consideration, as authorities process findings from the Royal Commission of Inquiry.
Tabung Haji has distributed a special information booklet detailing Royal Commission of Inquiry findings to rebuild confidence among 9 million depositors, highlighting governance reforms and the institution's financial recovery.
Malaysia's government confronts a substantial RM20.1 billion financial burden stemming from unresolved liabilities tied to the 1Malaysia Development Bhd scandal, representing an ongoing drain on public finances.
Malaysia's MY Value Up initiative aims to encourage corporate transparency and strategic communication, but fund managers say execution and consistent delivery matter more than promises alone in narrowing the country's persistent valuation discount.
The Tabung Haji RCI report's public release and parliamentary presentation await cabinet approval, signalling a formal procedural step before the findings become available to lawmakers and the public.
Penang has engaged PricewaterhouseCoopers to develop a comprehensive white paper, strategic blueprint and action plan for a proposed international financial centre, expected to leverage the state's established electronics and electrical goods industry leadership.
KWAP has issued a detailed response following its RM163.4 million loss in the eFishery investment scandal, seeking to reassure fund members and stakeholders about governance and recovery strategies.
Parliament has enacted stricter controls on the Kumpulan Wang Amanah Negara (KWAN) sovereign wealth fund following a RM5 billion withdrawal in 2021. Future withdrawals now require explicit Dewan Rakyat resolution, closing regulatory gaps exposed by the earlier transaction.
Prime Minister Anwar Ibrahim disclosed that Malaysia's civil service pension fund KWAP fell victim to deception when investing RM200 million in eFishery, despite carrying out comprehensive due diligence procedures beforehand.
Malaysia's finance ministry projects federal statutory debt will stay below the 65% GDP threshold in 2026, implementing cost controls and monitoring economic risks through its crisis management task force.
Malaysia's banking sector must progress beyond simply adopting artificial intelligence towards implementing it responsibly with robust governance, according to the Asian Institute of Chartered Bankers. A new industry report reveals a critical trust gap in AI deployment.
Prime Minister Anwar Ibrahim unveiled a voluntary e-invoice declaration scheme extending to December 2027, offering tax relief and accelerated capital allowance claims to help micro, small and medium enterprises navigate compliance requirements.