The stories shaping Malaysia, in focus.
Sabah has launched a RM2 billion civil suit against audit firm Ernst & Young, alleging negligence in auditing the state-owned Sabah Development Bank's finances from 2011 to 2022.
The Securities Commission's expanded supervisory role over Tabung Haji's investment decisions is vital for protecting depositors and preventing recurrence of the institution's financial crisis, according to Islamic finance experts.
Tabung Haji must prioritise depositor trust and institutional stability over dividend announcements, following a Royal Commission of Inquiry that uncovered serious financial mismanagement and a RM10 billion deficit that required government intervention.
Economists have raised concerns over Tabung Haji's reliance on management estimates for RM4.044 billion in property valuations, warning that this approach exposes the institution to overly optimistic asset values and risks improper dividend distributions.
Malaysia's Anti-Corruption Commission has found no graft indicators in its ongoing KWAP eFishery investigation, but requires assistance from Singapore and Indonesia to record statements from individuals and secure critical documents.
A Royal Commission inquiry has uncovered serious accounting violations at Tabung Haji, where impairment policies were changed twice in a single day during 2017 to mask what should have been a RM1.4 billion loss and justify profit distributions.
A Bentong MP has urged the government to help Tabung Haji reduce its heavy reliance on sukuk income from UJSB, which accounts for nearly 26% of annual revenue, citing financial vulnerability and governance concerns.
Lawmakers debated Tabung Haji's future in a 10-hour parliamentary sitting, demanding systemic reforms, stricter investment oversight, and accountability for past failures revealed in the RCI report.
Malaysia will amend the Tabung Haji Act 1995 to impose stricter financial reporting requirements, including prescribed accounting standards and penalties for misreporting, responding to Royal Commission recommendations.
Bank Negara Malaysia issued five warnings to Tabung Haji regarding the gap between assets and liabilities, but the institution's leadership ignored the alerts, Parliament heard.
Malaysia's Tabung Haji has announced a 3.5% profit distribution for 2025, marking its strongest performance in eight years. Experts credit governance reforms and disciplined investment strategies for the recovery, though emphasize sustained performance is needed to confirm long-term success.
The Malaysian Anti-Corruption Commission pressed ahead with its second day of questioning a former chief financial officer connected to Tabung Haji regarding a controversial RM370 million investment in plantation shares.
The Malaysian Anti-Corruption Commission has arrested three additional suspects in its ongoing investigation into alleged misappropriation at Tabung Haji, involving approximately RM450,000 in penalty notices under the Royal Commission of Inquiry.
PKR secretary-general Datuk Dr Fuziah Salleh has demanded investigations into individuals responsible for Tabung Haji losses and legal violations uncovered in a Royal Commission of Inquiry report, with potential prosecutions if evidence warrants action.
Prime Minister Anwar Ibrahim has defended the 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 political point-scoring.
The Malaysian Cabinet has agreed to extend the review period for the Tabung Haji Royal Commission of Inquiry report from 2014-2022 to encompass the transition under new leadership, with plans to make the report public and debate it in Parliament.
The Malaysian Anti-Corruption Commission has detained the president of a Sabah-based non-governmental organisation in connection with the suspected misappropriation of RM2 million in charitable funds, marking another high-profile corruption case.
The Malaysian Anti-Corruption Commission has arrested the head of a Sabah-based NGO over allegations of RM2 million misappropriation meant for a cultural hall project, marking another enforcement action against non-profit sector leadership.