Your hub for Malaysian news, trends and culture.
Bank Negara Malaysia issued five warning letters to Tabung Haji about growing asset-liability gaps, but the institution's leadership ignored the alerts, according to Religious Affairs Minister Zulkifli Hasan during a parliamentary briefing.
The US Senate is advancing the Clarity Act, a landmark bill to regulate cryptocurrencies. Senate Republicans are pursuing a procedural vote after the August recess, needing Democratic support to reach the 60-vote threshold required for passage.
President Donald Trump is pursuing the removal of Federal Reserve Governor Lisa Cook following mortgage fraud allegations. His effort comes after the Supreme Court rejected a similar attempt in June.
Capital One has defended its decision to shut down banking services for the Trump Organisation, stating the closure followed a thorough anti-money laundering compliance review by specialist professionals.
The Malaysian Anti-Corruption Commission has deployed eight officers to Tabung Haji's Kuala Lumpur headquarters to scrutinize financial records and operational documents as part of an ongoing inquiry.
Bank Negara Malaysia should move away from prescriptive regulation towards a more collaborative model with financial institutions, advocating greater use of regulatory sandboxes to support emerging industries and economic transformation.
The Malaysian Anti-Corruption Commission has initiated a formal inquiry into how Kumpulan Wang Amanah Pekerja lost RM200 million through an investment in Indonesia's eFishery, raising questions about due diligence and governance at the pension fund.
A teleprompter operator working for US President Donald Trump has been suspended without pay after allegations emerged that he used insider knowledge to place profitable bets on Trump's speeches through a prediction market platform.
Finance Minister Anwar Ibrahim has accused eFishery management of deliberately defrauding the KWAP pension fund of RM200 million through falsified financial reports, marking a significant setback for the state-backed investment scheme.
Pertama Digital has been classified as a PN17 company by Bursa Malaysia after its shareholders' equity fell below prescribed thresholds in FY2025, though the firm maintains an existing regularisation plan with regulators.