Kuala lumpur: 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 informe…
Kuala lumpur: 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. The Minister in the Prime Minister’s Department (Rel…
Kuala lumpur: The manufacturing sector in Malaysia reported a 9.8 per cent year-on-year increase in sales value, reaching RM177 billion in June 2026. This rise surpasses the 8.9 per cent increase seen in May 2026, which recorded sales of RM172.7 billi…
Kuala lumpur: Lembaga Tabung Haji (TH) has reported substantial financial setbacks, with losses amounting to nearly RM13 billion due to 14 problematic investments. Finance Minister II Datuk Seri Amir Hamzah Azizan disclosed that seven of these investm…
Kuala lumpur: 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. He added that …
Kuala lumpur: Lembaga Tabung Haji (TH) is continuing its efforts to obtain the remaining arbitration award from Al-Rawda Real Estates Development and Project Management Co Ltd, a property developer and project management company based in Saudi Arabia….