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Economists have flagged serious concerns about Tabung Haji's reliance on management estimates rather than independent valuations for RM4.044 billion in property assets, warning this exposes the institution to overstated valuations and unsustainable dividend distributions.
India is launching Central Know-Your-Customer 2.0 in August, enabling bank and insurance customers to access services through a single identification system. Mutual funds are expected to join later this year.
Malaysia's Economy Ministry is drafting new legislation to combat rent-seeking practices and foreign-linked business misconduct, following recommendations from the PEMUDAH task force aimed at strengthening local business competitiveness.