Fast, factual wire coverage from across Malaysia and the region.
A Royal Commission of Inquiry is vital to establishing whether Lembaga Tabung Haji's substantial investment losses resulted from poor decision-making or systemic misconduct, according to Malaysian officials and economists.
Tabung Haji incurred nearly RM13 billion in losses across 14 investments, with seven investments wiped out completely. The government bailout through UJSB covered RM10.2 billion of the damage.
Port Dickson MP Datuk Seri Aminuddin Harun has called for a distinction between market-driven investment losses and those stemming from governance failures at Tabung Haji, urging merit-based board appointments.
Tabung Haji reports that its 2018 recovery plan has resolved RM12.6 billion in accumulated investment losses. The pilgrimage fund's profit distributions have rebounded to 3.50% for 2025 from a low of 1.25% in 2018, signalling financial stabilisation.
Prime Minister Anwar Ibrahim has defended the Employees Provident Fund's investment subsidiary KWAP after a significant loss on its eFishery stake, arguing the fund's robust annual profits demonstrate solid financial performance overall.