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Niaga SPOTLIGHT: GLC, GLIC Investments - Transparency and Accountability

Niaga SPOTLIGHT: GLC, GLIC Investments - Transparency and Accountability

Malaysia’s GLICs hold combined AUM valued at over RM1.8 trillion, roughly the size of Malaysia’s nominal GDP

Following the enactment of the Audit (amendment) Bill, which took effect on 1st November, the Auditor-General now holds the authority to audit the accounts of 1,856 entities, including GLCs.

If audits uncover just RM1 million in savings per company, the total could reach RM2 billion - resources that can be allocated towards transforming Malaysians’ lives for the better.

NIAGA SPOTLIGHT focuses on transparency and accountability for GLCs and GLICs to identify underperforming entities and improve Malaysia's overall economic landscape.
Fri Nov 08 2024
Bandar di dunia boleh kerugian USD1 trilion

Bandar di dunia boleh kerugian USD1 trilion

Menjelang tahun 2050, bandar seluruh dunia boleh kerugian hampir USD1 trillion sekiranya tiada penyelesaian segera dilakukan bagi menyesuaikan perancangan dengan perubahan iklim.
Thu Nov 07 2024
Bandar di dunia boleh kerugian USD1 Trilion

Bandar di dunia boleh kerugian USD1 Trilion

Menjelang tahun 2050, bandar seluruh dunia boleh kerugian hampir USD1 trillion sekiranya tiada penyelesaian segera dilakukan bagi menyesuaikan perancangan dengan perubahan iklim.
Wed Nov 06 2024
Malaysia’s trade records 10.2 per cent jump, exceeds RM2 trillion mark in first nine months of 2024

Malaysia’s trade records 10.2 per cent jump, exceeds RM2 trillion mark in first nine months of 2024

According to the World Trade Organisation's forecast, Asia's exports are expected to rise by 7.4 per cent in 2024.
Fri Oct 18 2024
Pertumbuhan hutang Kerajaan Persekutuan dijangka turun kepada 7.5 peratus pada 2024

Pertumbuhan hutang Kerajaan Persekutuan dijangka turun kepada 7.5 peratus pada 2024

Sehingga akhir Jun 2024, hutang Kerajaan Persekutuan berjumlah RM1.22 trillion.
Wed Oct 16 2024
South Korea to lift fees for doctors treating severe illness in strained medical system

South Korea to lift fees for doctors treating severe illness in strained medical system

South Korea will use 10 trillion won in health insurance funds over three years to raise fees doctors receive for treating severe illnesses.
Fri Sep 27 2024
DOSM: Over 1 mln MSMEs in 2022, RM1.3 trillion gross output

DOSM: Over 1 mln MSMEs in 2022, RM1.3 trillion gross output

DoSM said the services sector led with 936,793 establishments, followed by construction with 69,015 and manufacturing with 51,481.
Thu Sep 19 2024
Musk says US going bankrupt ‘extremely quickly’

Musk says US going bankrupt ‘extremely quickly’

The US national debt currently stands at about US$35 trillion, according to the US Treasury Department.
Tue Sep 10 2024
AWANI Review: PayNet: Driving Malaysia's Cashless, Digital Future

AWANI Review: PayNet: Driving Malaysia's Cashless, Digital Future

In 2023, PayNet processed RM5.15 trillion in transactions—3.3 times Malaysia’s Real GDP. As Malaysia advances its cashless journey, Group CEO Farhan Ahmad discusses the future of digital payments and financial inclusion, impact of Gen AI on payments and preparing for evolving threats.
Sat Aug 24 2024
What is Japan's Nankai Trough megaquake advisory?

What is Japan's Nankai Trough megaquake advisory?

A Nankai Trough megaquake and tsunami could kill hundreds of thousands and cause trillion-dollar damage to Japan.
Fri Aug 09 2024
Malaysia's nominal GDP for 2023 amounts to 1.8 trillion

Malaysia's nominal GDP for 2023 amounts to 1.8 trillion

Growth moderated to 1.6 per cent from the double-digit 15.9 per cent in 2022.
Thu Jul 25 2024
Account 3 withdrawals have no influence on EPF's investment strategy - EPF CEO

Account 3 withdrawals have no influence on EPF's investment strategy - EPF CEO

The EPF's overall investment assets stand at RM1.2 trillion, so these withdrawals are actually manageable, says CEO Ahmad Zulqarnain Onn.
Thu Jun 13 2024
Southeast Asia human trafficking now a global crisis, Interpol says

Southeast Asia human trafficking now a global crisis, Interpol says

According to Interpol these crime rings have expanded from Southeast Asia into a global network making up to $3 trillion a year.
Wed Mar 27 2024
Trillion Times Sdn Bhd bawa kelainan, tawar produk persekolahan beserta pakej takaful

Trillion Times Sdn Bhd bawa kelainan, tawar produk persekolahan beserta pakej takaful

Syarikat Bumiputera Trillion Times Sdn Bhd memperkenalkan produk inovasi Pakej Rahmah persekolahan yang turut merangkumi perlindungan takaful kepada pelajar sekolah rendah dan menengah.
Tue Feb 27 2024
Malaysia records current account surplus of RM253.4 mln in 4Q 2023

Malaysia records current account surplus of RM253.4 mln in 4Q 2023

The total financial assets position was valued at RM2.40 trillion, while total liabilities were RM2.28 trillion.
Fri Feb 16 2024