Business, markets and economy news from Malaysia.
The MACC has finished recording a four-day statement from a former CFO of Tabung Haji as part of its investigation into allegations of abuse of power involving a RM370 million share purchase in two plantation companies.
The Daie MADANI coalition has called for investigations stemming from the Royal Commission of Inquiry into Lembaga Tabung Haji to proceed without political interference, emphasizing that only courts can determine guilt following proper legal processes.
Deputy Prime Minister Ahmad Zahid has vowed that Barisan Nasional and UMNO will hold officials accountable for any wrongdoing at Tabung Haji, as Parliament prepares to debate the Royal Commission of Inquiry's findings.
Malaysia's anti-corruption watchdog has begun investigating Tabung Haji following a damaging Royal Commission of Inquiry report, deploying investigators to the pilgrimage fund's headquarters.
Between 35 and 40 Members of Parliament have indicated their intention to participate in a special Dewan Rakyat session on August 11 to debate the Royal Commission of Inquiry report on Tabung Haji, Communications Minister Fahmi Fadzil announced.
The Malaysian Anti-Corruption Commission has arrested three additional individuals as part of its ongoing investigation into findings from a Royal Commission of Inquiry into Tabung Haji, relating to alleged misappropriation involving approximately RM450,000 in penalty notices.
Malaysia's anti-corruption authorities continued their investigation into Tabung Haji misconduct allegations, questioning a former financial executive for over six hours at MACC headquarters in Putrajaya.
The Malaysian Anti-Corruption Commission has arrested a company director suspected of offering RM300,000 worth of renovation work to a former Tabung Haji chief operating officer to secure lucrative renovation contracts.
Prime Minister Anwar Ibrahim has confirmed the complete release of the Tabung Haji Royal Commission report without censorship, emphasizing government commitment to accountability and transparency despite potential political sensitivities.
The Malaysian Anti-Corruption Commission has commenced its investigation into Tabung Haji following a Royal Commission of Inquiry, with eight officers assigned to review documents and evidence related to the pilgrimage fund's management.
The Malaysian Anti-Corruption Commission has initiated a formal investigation into findings from the Royal Commission of Inquiry on Tabung Haji, deploying investigative teams to the pilgrimage fund's headquarters in a significant development.
The Malaysian Anti-Corruption Commission has launched a formal investigation into the Tabung Haji fund following the release of a Royal Commission of Inquiry report detailing governance failures and problematic investments.
Leading academics have urged the government to release the Tabung Haji RCI report without delay, citing the need to restore depositor confidence, establish governance accountability, and address lingering questions about the troubled Islamic pilgrimage savings institution.
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.
Tabung Haji is systematically implementing Royal Commission of Inquiry recommendations, with 75% of 25 proposed reforms already underway, as the government declassifies the report to boost transparency.
Malaysia's Cabinet has approved extending the review period of the Tabung Haji Royal Commission of Inquiry report from 2014 to 2022 to assess recovery measures under new management. The report will be declassified and debated in Parliament.
A royal commission report warns that Malaysia's RM88 billion guarantee backing Tabung Haji depositors will be triggered if the pilgrimage board fails to execute its recovery plan, posing risks to national fiscal health.
Malaysia's Cabinet has declassified the Royal Commission of Inquiry report on Tabung Haji and plans a special Dewan Rakyat sitting for MPs to scrutinise its findings. The government hopes to schedule the debate before October's regular session.
Malaysia's anti-corruption agency has created a dedicated team to scrutinise the newly released Tabung Haji Royal Commission report, examining potential corruption and financial misconduct allegations spanning 2014-2020.
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Malaysia's Tabung Haji scandal reveals how religious institutions remain vulnerable to mismanagement without robust governance frameworks. Experts emphasise that accountability and transparency transcend communal lines and affect the entire nation.
Pakatan Harapan has called for immediate legal action against those implicated in misconduct at Tabung Haji following the release of a Royal Commission of Inquiry report, emphasizing the need to protect nine million depositors' interests.
Prime Minister Anwar Ibrahim has defended the government's decision to release the Royal Commission of Inquiry report on Tabung Haji, framing it as a matter of protecting millions of Muslim depositors rather than partisan politics.
Malaysia's Cabinet has approved the public release of a Royal Commission of Inquiry report examining Tabung Haji's financial troubles between 2014 and 2020. The move signals confidence in the pilgrims' fund board's recovery after a RM19.6 billion government bailout.
Prime Minister Anwar Ibrahim has proposed convening a special Parliament sitting in the near term to examine and debate the Royal Commission of Inquiry report on Lembaga Tabung Haji, pending approval from Dewan Rakyat Speaker Tan Sri Dr Johari Abdul.
Prime Minister Anwar Ibrahim has pledged that individuals found culpable for losses at Lembaga Tabung Haji will be prosecuted, following the release of a Royal Commission of Inquiry report detailing fraud and misconduct.
Malaysia's Cabinet will consider making public the Royal Commission of Inquiry report on Tabung Haji following controversy over asset sales. Minister Dr Zulkifli Hasan clarified that the 2018 bailout was a rescue operation, not asset liquidation.
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.
Amanah vice-president Datuk Seri Dr Mujahid Yusof Rawa has urged the government to release the Royal Commission of Inquiry report on Tabung Haji to the public, saying transparency will settle longstanding questions about the institution's management.
Communications Minister Datuk Seri Fahmi Fadzil has urged the government to release the Royal Commission of Inquiry report on Tabung Haji publicly, citing transparency and fairness principles. Prime Minister Anwar Ibrahim indicated the report would be made available within days.
Deputy Prime Minister Ahmad Zahid has declared that no individual will be spared legal consequences if implicated in the Tabung Haji Royal Commission report, as the government prepares to make findings public.
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.
Tabung Haji will examine raising financial support for B40 income-group pilgrims as haj costs climb, Deputy Minister Marhamah Rosli told Parliament, citing pressure from the RM33,300 per-pilgrim expenses.