In-depth reporting on Malaysia and the region.
Tabung Haji faced a severe financial crisis driven by widening gaps between assets and liabilities, prompting a comprehensive recovery programme and a Royal Commission of Inquiry into institutional mismanagement between 2014 and 2020.
Malaysia's Cabinet has approved the public release of a Royal Commission of Inquiry report into Tabung Haji's financial troubles, capping years of crisis management that saw the government inject RM19.6 billion to stabilise the pilgrims' fund.
The Palestinian government confronts a deepening economic emergency stemming from Israel's retention of more than US$5 billion in tax revenues, equivalent to 68% of Finance Ministry income, alongside banking restrictions and movement constraints.
Britain's millionaire population has contracted to its smallest size since the 2008 financial crisis, with 442,000 sterling millionaires now on the books—a seven percent decline from 2024. Rising borrowing costs and flagging confidence are cited as key factors.
Prime Minister Anwar Ibrahim has disclosed that the government delayed releasing the Tabung Haji RCI report for three years due to concerns that premature disclosure could have eroded public confidence and destabilized the pilgrim fund institution.