Government Had No Choice But to Rescue Tabung Haji From Bankruptcy, Anwar Says
Prime Minister Anwar Ibrahim justified government funding for Tabung Haji, emphasizing that the pilgrimage fund faced bankruptcy without urgent state intervention.
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Tabung Haji's Financial Crisis: From Collapse to Royal Inquiry
Tabung Haji faced severe financial distress as liabilities exceeded assets, prompting a major government-backed recovery initiative and a Royal Commission of Inquiry into operations spanning 2014 to 2020.
Greed and mismanagement nearly brought Tabung Haji to the brink, Anwar warns
Prime Minister Anwar Ibrahim has attributed Tabung Haji's near-collapse to systemic failures rooted in greed, inadequate governance structures, and severe financial mismanagement, signalling renewed scrutiny of the fund's administration.
Tabung Haji RCI Report Expected Within Days as Cabinet Finalises Release
Prime Minister Anwar Ibrahim indicated the long-awaited Royal Commission of Inquiry report into Tabung Haji could be released imminently, contingent on whether Cabinet approval is necessary for its public disclosure.
KWAP's RM12.9 Billion Profit Deserves Fair Assessment, Says PM Anwar
Prime Minister Anwar Ibrahim defended the Employees Retirement Fund's performance, highlighting its RM12.9 billion net profit and 8.5% compound annual growth rate, while acknowledging investment losses require scrutiny.
KWAP Discloses RM163.4 Million Loss From eFishery Fraud, Details Recovery Measures
Malaysia's armed forces pension fund KWAP has suffered a RM163.4 million loss stemming from fraud at Indonesian aquaculture startup eFishery, prompting the fund to detail remedial action and reassure members.
PAC postpones decision on RM200 million eFishery investment probe
Malaysia's Parliamentary Public Accounts Committee has not yet determined whether to investigate allegations of RM200 million fraud linked to a government pension fund's investment in Indonesian aquaculture firm eFishery.
Malaysia Holds Firm on Budget 2027 Fiscal Targets Despite Oil Price Surge
Malaysia's Deputy Finance Minister Liew Chin Tong has ruled out revising Budget 2027 fiscal projections, despite higher oil prices forcing an estimated RM40 billion increase in fuel subsidy expenditure. The government remains confident in its consolidation strategy.
KWAP Lost RM200 Million in Fraudulent eFishery Deal, Anwar Reveals
Finance Minister Anwar Ibrahim has disclosed that the Employees Provident Fund (KWAP) was deliberately defrauded in a RM200 million investment in eFishery, with the company's management accused of manipulating financial reports.
Langkawi Development Authority Pushes Finance Ministry to Resolve Double Taxation Burden on Island SMEs
The Langkawi Development Authority is partnering with Malaysia's Finance Ministry to resolve double taxation problems that inflate operating costs for island-based small and medium enterprises seeking to expand into national and international markets.
Malaysian Banks Must Prioritise Trust and Governance in AI Implementation, Says AICB
The Asian Institute of Chartered Bankers says Malaysia's financial sector must shift from experimental AI adoption to responsible, trusted implementation backed by robust governance and skilled professionals.
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Malaysia's Finance Chief Urges Human-AI Partnership in Banking Transformation
Malaysia's Finance Minister II Datuk Seri Amir Hamzah Azizan has emphasized that the future of banking requires balancing artificial intelligence with human expertise, professional development, and ethical governance to ensure a resilient and trustworthy financial system.
Pertama Digital Hit with PN17 Classification Over Weakened Equity Position
Bursa Malaysia has classified Pertama Digital as a PN17 company after its equity position deteriorated in FY2025. The technology firm is pursuing a regularisation plan with regulators.