Clear, modern coverage of Malaysian news and analysis.
Malaysia will amend the Tabung Haji Act 1995 to impose stricter financial reporting standards and governance rules, acting on recommendations from a Royal Commission of Inquiry that examined the pilgrimage fund's operations between 2014 and 2020.
Malaysia's Communications Minister Datuk Seri Fahmi Fadzil has rejected suggestions that the release of the Royal Commission of Inquiry report on Lembaga Tabung Haji was linked to the Negeri Sembilan state election, emphasizing instead that the decision received unanimous Cabinet approval.
A Royal Commission of Inquiry has concluded that Tabung Haji's declaration of RM2.75 billion in hibah for 2017 was unjustified and contributed to the Islamic pilgrimage fund's financial difficulties through unsustainable payment practices.
The Malaysian Anti-Corruption Commission is extending its investigation into Retirement Fund Incorporated investments by requesting assistance from authorities in Dubai, Singapore and Indonesia through formal legal channels.
The US Securities and Exchange Commission has resolved a Freedom of Information Act lawsuit filed by cryptocurrency exchange Coinbase, agreeing to pay $150,000 and overhaul its record-keeping procedures following revelations of lost communications.
Malaysia's parliament has approved the National Trust Fund (KWAN) Bill 2026 and Statistics Bill 2026, designed to strengthen intergenerational savings governance and establish a modern legal framework for national data collection.
Prime Minister Anwar Ibrahim has highlighted systemic weaknesses in Malaysia's audit framework, citing the eFishery case where three leading audit firms failed to detect fraudulent activities in a massive RM163.4 million investment by the civil servants' pension fund KWAP.
Parliament has passed legislation tightening controls on the Kumpulan Wang Amanah Negara (KWAN) fund following a controversial 2021 withdrawal of RM5 billion. Future withdrawals now require formal Dewan Rakyat resolution, closing previously exposed regulatory gaps.