Seven out of 14 troubled investments flagged in the Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH) suffered a 100% loss in value, as the total financial impact linked to past mismanagement neared RM13 billion, the Dewan Rakyat was told. Second Finance Minister Datuk Seri Amir Hamzah Azizan said the amount comprised…
Four decades after trade liberalisation became the cornerstone of the global economic order, many developing countries remain trapped in poverty, raising fundamental questions over whether the model has delivered on its promise of shared prosperity. Veteran economist Prof Dr Jomo Kwame Sundaram argues that while US President Donald Trump has blamed globalisation for America’s industrial…
Following the findings of the Royal Commission of Inquiry (RCI) on Tabung Haji, the Malaysian Anti-Corruption Commission (MACC) has arrested the former chief executive officer (CEO) and former chief financial officer (CFO) of a company owned by a statutory body. The two are being investigated for suspected abuse of power in the acquisition of shares…
Prime Minister, Datuk Seri Anwar Ibrahim said he wanted to elevate Negeri Sembilan’s standing and see both the state and Malaysia become examples for the region. He said although the government still faced various challenges and unresolved issues, efforts would continue to improve governance for the well-being of the people. Anwar said he would be…
Remarks by Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor during the Negeri Sembilan state election campaign have drawn criticism from across the political divide, with an academic arguing that the controversy is made more striking by Sanusi’s own family history. Phar Kim Beng, PhD, Professor of ASEAN Studies and Director of the Institute…
BY PHAR KIM BENG Malaysia has no shortage of ideas for becoming a more prosperous, technologically advanced and globally competitive nation. We speak confidently about artificial intelligence, semiconductor manufacturing, the digital economy, renewable energy, the blue economy and becoming a high-income nation. Every government unveils another blueprint, another master plan or another ambitious roadmap. Yet…
Prime Minister, Datuk Seri Anwar Ibrahim’s vow not to allow Israeli citizens to stay in Malaysia and to deport them if found in the country has drawn the attention of US lawmakers. The lawmakers described Anwar’s remarks as “totally unacceptable”, saying it was wrong for a head of government to publicly declare that his country…
Police have arrested a man in connection with an incident involving the alleged vandalism of party flags during the Negeri Sembilan state election campaign. Negeri Sembilan police, chief Datuk Alzafny Ahmad said, the suspect was detained last night following a report lodged on July 19 after several party flags were allegedly damaged and thrown into…
BY V. MARTIN If you are wondering why you are seeing more and more racial narratives and hate speech over the last few years, the answer is simple. The government, while flawed, is more representative of Malaysians of all races, genders, religions and regions. The opposition representation is heavily about one race, one religion, one…
Four Melaka DAP assemblymen were seated with the opposition during the final day of the State Legislative Assembly sitting today. The change came a day after the four announced they were withdrawing support for the Barisan Nasional (BN)-led state government. As a result, they are now seated alongside Perikatan Nasional and Independent assemblymen, Bernama reported…
