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Losses from KWAP's investment in Indonesian start-up eFishery expose governance gaps in Malaysia's retirement fund management. Questions remain over fraud detection and fiduciary safeguards.
Former finance minister Tengku Zafrul has testified in the High Court that minutes circulated by then-prime minister Muhyiddin Yassin represented operational instructions to proceed, distinguishing them from formal policy approvals for major undertakings.
Malaysia's Finance Ministry is prepared to review the BUDI MADANI Diesel subsidy scheme based on real-world usage data, following early implementation feedback from users across the country.