| LATEST NEWS | AMMB's net profit rose to RM520.22 mln in 1Q FY2027 from RM516.17 mln a year earlier, and revenue increased to RM1.32 bln versus RM1.29 bln previously | Malaysia, Phillipines discuss expediting repatriation of over 1,000 Filipinos from four detention centres in Sabah - FM Mohamad Hasan | Social media platforms agree to take down 93 per cent of 470,593 requested content - Fahmi | MCMC-JIM cooperation focuses on capacity building, intelligence sharing, investigations and joint operations - Saifuddin Nasution | Losses due to online fraud in Malaysia reach RM958 million for January to June - Fahmi | |
KUALA LUMPUR, Aug 11 (Bernama) -- The government has been asked to detail steps to reduce Lembaga Tabung Haji's (TH) reliance on income from Urusharta Jamaah Sdn Bhd's (UJSB) sukuk, which, according to the Royal Commission of Inquiry (RCI) Report, contributes nearly 26 per cent of the institution's annual income.
KUALA LUMPUR, Aug 11 (Bernama) – The impairment policy of Lembaga Tabung Haji (TH) was changed from 70 per cent to 85 per cent and then 90 per cent within one day for financial year 2017, thus allowing the year's profits to be increased for the payment of profit distributions, according to the Royal Commission of Inquiry (RCI) Report.
KUALA LUMPUR, Aug 11 (Bernama) -- Lembaga Tabung Haji’s (TH) investment in Putrajaya Perdana Bhd (PPB) and putting the then TH chairman as PPB chairman have dragged TH into 1Malaysia Development Bhd’s (1MDB) transactions, ultimately causing RM145.3 million in losses.
KUALA LUMPUR, Aug 11 (Bernama) – Lembaga Tabung Haji (TH) is continuing its efforts to obtain the remaining arbitration award from Saudi Arabia-based property developer and project management company Al-Rawda Real Estates Development & Project Management Co Ltd, including through asset tracing, after the company only paid 14.9 million Saudi riyal (one Saudi riyal = RM1.09) out of the 899 million Saudi riyal awarded.
KUALA LUMPUR, Aug 11 (Bernama) -- Bank Negara Malaysia (BNM) had issued five warning letters to the Tabung Haji (TH) chairman and the Minister of Religious Affairs regarding the gap between TH's assets and liabilities.
KUALA LUMPUR, Aug 11 (Bernama) -- The government rescued Lembaga Tabung Haji (TH) through a bailout exceeding RM10 billion due to mismanagement and embezzlement, to restore its financial position and not to take over the institution's assets, the Dewan Rakyat was informed today.
KUALA LUMPUR, Aug 11 (Bernama) -- The government risked assuming liabilities of about RM74.5 billion if a massive panic withdrawal, or “bank run”, had occurred in 2018, said Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan.
KUALA LUMPUR, Aug 10 (Bernama) -- Tomorrow's parliamentary debate on the Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH) should focus on ensuring there is no political involvement or interference in the institution's administration, a business academic said.
KUALA LUMPUR, Aug 10 (Bernama) -- Tabung Haji (TH) should announce its financial and investment performance on a quarterly basis -- as practised by the Employees Provident Fund (EPF) -- as a measure to strengthen transparency and boost depositor confidence.
KOTA KINABALU, Aug 9 (Bernama) -- The Sabah government will acquire a 30 per cent stake in two new oil and gas fields on the state's east coast, said Sabah Chief Minister Datuk Seri Hajiji Noor.
MELAKA, Aug 8 (Bernama) – Two state government-linked companies in Melaka are preparing to be listed on Bursa Malaysia, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.
KUALA LUMPUR, Aug 7 (Bernama) -- Malaysia can expect to see the benefits of the Government-Linked Enterprises Activation and Reform Programme (GEAR-uP) materialise as the deployment of the RM120 billion in committed funds accelerates, with a significant amount of work already underway for 2026 and 2027.
