Category: General

PUTRAJAYA, Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki confirmed today that the sons of former Prime Minister Tun Dr Mahathir Mohamad, Mirzan and Tan Sri Mokhzani have declared their assets within the timeframe set by the anti-graft body. ‘They have submitted their asset declarations to us, and our investigation team is coordinating with their legal representatives to verify the information. ‘So basically they have declared (their assets), that is the most important thing. Investigations on the assets have begun… to identify and explore more about the things they declared to us,’ he said at a special conference

PUTRAJAYA, The Malaysian Anti-Corruption Commission (MACC) has found no evidence of corruption in the ongoing investigation by the Royal Malaysia Police (PDRM) into the charity organisation, Global Ikhwan Service and Business Holding (GISBH). Chief Commissioner, Tan Sri Azam Baki, said PDRM will continue its investigation without MACC’s interference. “We leave the investigation to the police because I don’t see any corruption issue here. The police will continue their investigation,” he responded at a special press conference today when asked if GISBH would also be investigated for money laundering. On Sept 11, the police launched Operation Global and rescued 402 children

HONG KONG, AM Best has maintained its stable outlook on China’s non-life insurance segment, citing several factors that include a supportive regulatory environment, increased health insurance awareness and strong growth potential in the electric vehicle insurance market. The Best’s Market Segment Report, ‘Market Segment Outlook: China Non-Life Insurance,’ notes that the segment’s solvency ratios under China Risk-Oriented Solvency System (C-ROSS) stabilised in 2023 and through the first half of 2024, following a decline in 2022. Large Chinese insurers have been able to raise funds from the domestic debt capital market at favourable financing costs by issuing capital supplementary bonds in

KUALA LUMPUR, His Majesty Sultan Ibrahim, King of Malaysia was today presented with the financial statements of the federal and state governments for the year 2023, ahead of their tabling in the upcoming Dewan Rakyat session. According to a post on Sultan Ibrahim Sultan Iskandar’s Facebook page, the report was presented to His Majesty by Auditor-General Datuk Wan Suraya Wan Mohd Radzi. The audience with His Majesty took place at Istana Negara here. The 2025 Budget is scheduled to be tabled in the Dewan Rakyat on Oct 18, under the theme ‘Ekonomi MADANI, Negara Makmur, Rakyat Sejahtera’. Source: BERNAMA News

KUALA LUMPUR, Bursa Malaysia traded flat to lower during the early morning trade, taking its cue from Wall Street’s muted overnight performance as most traders remained on the sidelines ahead of the United States (US) Federal Reserve’s potential rate cut. At 9.13 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.84 points to 1,660.44 from Tuesday’s close of 1,664.33. The benchmark index opened 0.05 of-a-point higher at 1,664.33. Across the broader market, losers led gainers 232 to 104, with 256 counters unchanged, 1,913 untraded and nine suspended. Turnover amounted to 215.23 million shares worth RM159.22 million. In a note,