| LATEST NEWS | The Data Centre Task Force has received more than 40 applications to establish or expand operations in Malaysia this year - MITI | United Asiapac Energy opens flat at 35 sen on its ACE Market debut with 2.38 mln shares traded | Jamil Khir charged in KL Sessions Court with three counts of causing Lembaga TH to write off over RM860 million in funds to Al-Rawda. | |
KUALA LUMPUR, Aug 12 (Bernama) -- Bursa Malaysia opened higher on Wednesday, supported by bargain hunting following yesterday’s losses and renewed buying interest in selected heavyweight counters, although cautious sentiments abound due to Wall Street’s weaker overnight performance.
KUALA LUMPUR, Aug 11 (Bernama) -- Claims that Tabung Haji (TH) suffered losses due to a stock market downturn are baseless, as the stock market remained strong and reached its highest level in 2018, while the decline that year was only about 6 per cent.
KUALA LUMPUR, Aug 11 (Bernama) -- Lembaga Tabung Haji’s (TH) current position is stable and increasingly stronger, following an increase in assets that exceed liabilities, depositors’ savings, and the distribution rate, said the Ministry of Finance (MOF).
By Nurunnasihah Ahmad Rashid and Durratul Ain Ahmad Fuad
KUALA LUMPUR, Aug 11 (Bernama) -- Lembaga Tabung Haji (TH) incurred losses of nearly RM13 billion through 14 problematic investments, seven of which suffered losses of 100 per cent, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, Aug 11 (Bernama) -- Port Dickson Member of Parliament Datuk Seri Aminuddin Harun stated that discussions regarding investments by Lembaga Tabung Haji (TH) must be conducted fairly, as every investment carries risks, and not all losses incurred are due to misconduct.
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 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) -- Global reinsurers are facing increased pressure on pricing as strong earnings since 2023 have driven capital to record levels, raising questions over whether underwriting discipline can be maintained amid growing competition, according to a new report by AM Best.
KUALA LUMPUR, Aug 10 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects the ringgit to stabilise by end-August as the US dollar gives back some of its earlier gains following the US Federal Reserve’s (Fed) decision to keep interest rates unchanged at its July meeting.
