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Tabung Haji's RM145.3 million loss from Putrajaya Perdana investment exposed the Islamic pilgrimage fund's entanglement with 1MDB. A royal inquiry found 14 problematic investments totalling billions in losses, with governance issues spanning 2014 to 2020.
Malaysian banks are swiftly integrating artificial intelligence across operations, yet a comprehensive report finds most institutions remain deeply skeptical about relying on AI for pivotal business choices affecting customers and risk management.
The Penang government has appointed PricewaterhouseCoopers to develop strategy documents for a proposed international financial centre, leveraging the state's electronics supply chain strengths and technology ecosystem.
PM Anwar Ibrahim hints at releasing the Royal Commission of Inquiry report on Tabung Haji, potentially exposing systemic failures that eroded Muslim pilgrim savings and shattered public trust.
Prime Minister Anwar Ibrahim has defended the Retirement Fund (Incorporated) KWAP's performance, pointing to a RM12.9 billion net profit and emphasising the need for balanced assessment of its investment decisions.
KWAP says it is actively pursuing all options to recover its RM163.4 million investment in eFishery after discovering the Indonesian aquaculture startup engaged in deliberate financial fraud and misrepresentation.
Malaysia's Finance Ministry has extended TARC Education Foundation's tax exemption for three years pending compliance with governance requirements, rather than granting the full 10-year exemption announced in November 2025.