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Apparel manufacturer PCCS Group is pursuing a RM33.73 million capital reduction to facilitate a shareholder distribution of its credit financing and insurance subsidiary, Southern Capital Group, marking a strategic corporate restructuring.
The Inland Revenue Board faces mounting pressure to investigate alleged tax evasion by Tabung Haji and its subsidiaries, amid intensifying scrutiny following Royal Commission findings.
Malaysia's fiscal deficit has contracted for the fifth straight year, reaching 3.7 per cent of GDP in 2025 from 4.1 per cent in 2024, reflecting the government's disciplined approach to economic reform and debt management.
Malaysia's Muslim Youth Movement (ABIM) has called for comprehensive reforms at Tabung Haji, emphasizing merit-based leadership, stronger checks and balances, and strict accountability following the Royal Commission of Inquiry's findings on institutional mismanagement.
Prime Minister Anwar Ibrahim says Tabung Haji has strengthened following recent reforms and that a Royal Commission of Inquiry report will be released shortly, addressing longstanding concerns about the pilgrimage fund.
A former bank analyst has been convicted and sentenced to three years imprisonment by the Kuala Lumpur Sessions Court for conducting unlicensed securities activities and fraudulently using a Unit Trust Consultant title between 2011 and his prosecution in 2024.
Penang has commissioned PricewaterhouseCoopers to develop a white paper, strategic blueprint and implementation roadmap for a proposed international financial centre, leveraging the state's strengths in electronics and technology sectors.
Malaysia's retirement fund KWAP fell victim to a carefully orchestrated fraud by Indonesian aquaculture startup eFishery, with executives manipulating financial statements. Recovery efforts are underway.
Malaysia's Deputy Finance Minister Liew Chin Tong said the government sees no need to revise Budget 2027 fiscal projections based on first-half 2026 performance, though monitoring continues until the budget's October tabling.