| LATEST NEWS | TH crisis stemmed from misappropriation, weak governance, interference by vested interests, risky investments and lack of transparency in its financial position - Dr Zulkifli | TH’s decision to announce high profit distributions despite financial performance being otherwise was a significant non-compliance, as the deficit gap between assets and liabilities grew in clear violation of the Tabung Haji Act - Zulkifli | Financial manipulation was confirmed by the audit firm PwC in a 2018 report, which found that only RM556 million of the total assets of RM4.6 billion were valued by professional valuers - Zulkifli | TH’s financial statements were manipulated to show high profits, while the valuation of assets outside the audited financial statements was manipulated using the Realisable Asset Value method - Zulkifli | TH’s financial statements were manipulated to show higher profits, while asset valuations outside its audited financial statements were also manipulated using the Realisable Asset Value method to show that its assets were worth more than it | |
KUALA LUMPUR, June 13 (Bernama) -- Short-term interbank rates are expected to remain stable next week, supported by Bank Negara Malaysia’s (BNM) continued operations to absorb excess liquidity from the financial system.
By Nik Nurfaqih Nik Wil
JAKARTA, June 13 (Bernama) -- Indonesia's decision to raise the BI-Rate and increase non-subsidised fuel prices within days highlights the government's effort to support the rupiah and ease fiscal pressures, although the measures are expected to add pressure on households and businesses, analysts say.
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, June 13 (Bernama) -- The Malaysian rubber market is anticipated to remain volatile next week, displaying a slight downward trend due to ongoing global uncertainties, said industry expert Denis Low.
By Harizah Hanim Mohamed
KUALA LUMPUR, June 13 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to maintain a constructive near-term outlook, supported by easing geopolitical concerns, improving global risk sentiment, and a relatively stable domestic macroeconomic environment.
