| LATEST NEWS | Virgo Transport 8 incident: Indonesia to deploy underwater drone in search for victims - Basarnas chief | Two children die after falling into a monsoon drain in Taman Desa Karangan, Kulim - Police | Bidding for special H-series vehicle registration numbers in conjunction with Malaysia Day celebrations opens from Sept 16 to 20 - JPJ D-G | Malaysia joins BRICS not to oppose other blocs, wants a fairer system - Anwar | Magnitude 6.2 quake strikes northwest of Morotai Island, North Maluku, no tsunami threat -- Indonesia's meteorological agency | |
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 (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.
By Harizah Hanim Mohamed
KUALA LUMPUR, Aug 11 (Bernama) -- Businesses and the public have a vital role in supporting Malaysia’s energy security, which has become increasingly important, as global geopolitical tensions continue to disrupt the energy landscape.
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) -- Gold futures on Bursa Malaysia Derivatives ended higher as reduced expectations of a US Federal Reserve (Fed) rate hike boosted demand for the precious metal.
KUALA LUMPUR, Aug 10 (Bernama) -- Infrastructure utilities construction and engineering services provider MN Holdings Bhd’s wholly owned subsidiary MN Utilities Engineering Sdn Bhd has clinched a works contract from Tenaga Nasional Bhd (TNB) worth RM122.31 million.
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.
KUALA LUMPUR, Aug 10 (Bernama) -- Malaysian Resources Corporation Bhd’s share price rose 1.44 per cent in the early session today after it announced an agreement to dispose of its Cyberjaya land.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Aug 9 (Bernama) -- Malaysia possesses the necessary ingredients to be a global pioneer in Shariah-compliant digital finance, driven by the emergence of blockchain innovation and efforts to develop the world's first Shariah-compliant products within crypto banks, a global mobility entrepreneur said.
KUALA LUMPUR, Aug 7 (Bernama) -- DPS Resources Bhd’s wholly-owned subsidiary, Shantawood Sdn Bhd, has inked a memorandum of understanding (MoU) with Hangyue Intelligent Electrical Co. Ltd to establish a long-term strategic partnership in digital energy infrastructure, data centres, industrial development and related projects in Malaysia.
