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A senior economist has recommended that Tabung Haji adopt quarterly financial reporting similar to the Employees Provident Fund to enhance transparency and rebuild depositor confidence following a damaging royal commission inquiry.
Malaysia's financial regulator is pushing banks and financial institutions to adopt smarter, data-driven compliance frameworks to combat increasingly sophisticated digital financial crimes that cross borders and involve cryptocurrencies.
Prime Minister Anwar Ibrahim has announced that Budget 2027 formulation will commence in August, with the budget to be tabled in early October. The government prioritizes translating economic growth into tangible improvements in citizens' living standards.
Prime Minister Anwar Ibrahim has defended the Retirement Fund Inc (KWAP) over losses from its eFishery investment, emphasizing that the fund's RM12.9 billion annual profit demonstrates solid financial health despite the setback.
Malaysia's Retirement Fund (Incorporated) has confirmed a RM163.4 million investment in the troubled eFishery venture, launching recovery efforts following allegations of widespread fraud in the aquaculture startup.
Prime Minister Anwar Ibrahim has stated that the Retirement Fund (Incorporated) was intentionally deceived into a RM200 million investment in eFishery, even though proper due diligence procedures were carried out beforehand.
A High Court has ordered an investment holding firm to compensate 39 investors with RM12.8 million for failing to deliver promised preferred stock and fixed dividends, rejecting the company's attempt to use the Companies Act as a legal shield.
Malaysia's Finance Ministry says the TARC Education Foundation's tax exemption depends on meeting specific compliance conditions, particularly in governance and donation oversight, rather than being automatically granted.