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Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed his commitment to channelling billions of ringgit recovered through legal action against corruption and illegal activities into education and healthcare for ordinary Malaysians.
The Cabinet will consider releasing the Royal Commission of Inquiry report on Tabung Haji, according to the Minister in the Prime Minister's Department. The minister clarified that the institution's rescue in 2018 was a collective Cabinet decision, not an asset sale.
Malaysia's Ministry of Finance has defended its use of Asset Recovery Trust Account funds, asserting that all disbursements comply with the Trust Directive and were directed toward legitimate purposes including servicing 1MDB and SRC International debts.
A newly enacted law tightens controls over KWAN, Malaysia's sovereign wealth fund, following the RM5 billion withdrawal in 2021 that revealed gaps in oversight. Future withdrawals now require Dewan Rakyat approval.
Malaysia's Deputy Finance Minister Liew Chin Tong says fiscal projections for Budget 2027 remain unchanged despite oil price volatility increasing subsidies by RM40 billion. The government will monitor developments until the budget is tabled in October.