Business, markets and economy news from Malaysia.
The Malaysian Cabinet has approved the public release of the Royal Commission of Inquiry report on Tabung Haji, covering 2014 to 2020. The report contains 25 recommendations, of which TH management has implemented 75 per cent.
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PKR deputy president Nurul Izzah Anwar says the government would have drawn criticism over the TH RCI report regardless of release timing, emphasising that transparency matters most as Negeri Sembilan votes this weekend.
Prime Minister Anwar Ibrahim has indicated the Cabinet will decide this Wednesday whether to release the Royal Commission of Inquiry report on Tabung Haji, which examined allegations surrounding the sale of the pilgrim fund's strategic assets.
Prime Minister Datuk Seri Anwar Ibrahim has explained why the government delayed releasing a Royal Commission of Inquiry report into Lembaga Tabung Haji for three years, citing concerns over public confidence in the pilgrims' fund.
Anti-corruption watchdogs are pressing Malaysia's Attorney-General and the MACC to publicly disclose their rationale for settling corruption cases, especially prominent ones, to boost transparency and public confidence.
An NGO has alleged that RM50 million was paid to private individuals to facilitate the transfer of elephants to Japan, with the funds bypassing official government channels. The organisation is urging the Malaysian Anti-Corruption Commission to launch an investigation.