The government lost an estimated RM812.91 million from the development of its administration capital Putrajaya with a large chunk of it — RM799.34 million — due to a monorail project that was put on hold in 2004, according to the latest Auditor General’s report.

Of the monies spent on the monorail project, some RM797.18 million was utilised for its development, while another RM2.16 million was for the maintenance of a tunnel for the project that was never used, said the Auditor General’s Report 2021 Series 2 released on Thursday (Feb 16).

Govt lost RM799m on axed Putrajaya monorail project

KUALA LUMPUR (Feb 16): A total 1.1 million doses of Covid-19 vaccines procured by the government — comprising Cansino, Comirnaty and Astrazeneca — was found to have expired as of April 2022.

1.1 million Covid-19 vaccines expired as of April 2022 — AG’s report

The National Audit Department in its latest report said the government lost RM158.08 million due to losses in public funds, irregular payments and wastages across various ministries and agencies.

This was a result of non-compliance in the financial management processes, said the Auditor General’s Report 2021 Series 2 released on Thursday (Feb 16).

The report has identified RM116.95 million worth of public funds loss by various agencies, followed by irregular payments (RM26.03 million), and wastages (RM15.1 million).

AG’s Report 2021: Govt lost RM158m due to leakages, irregular payments and wastages

The federal government did not receive dividends from Felcra Bhd from 2019 to 2021, according to the Auditor General’s Report 2021 Series 2.  

The report published on Thursday (Feb 16) said Felcra, which is wholly owned by Ministry of Finance Inc (MOF Inc), had failed to pay out dividends to the government, as it was in the red with net losses before tax of RM75.75 million for 2019 and RM38.63 million for 2020, based on the management’s accounts.

AG's Report 2021: Govt received no dividend from MOF Inc-backed Felcra for three years

KUALA LUMPUR (Feb 16): Grand Borneo Hotel Sdn Bhd has yet to deliver all responsibilities in managing Felda Residence Group (FR) resorts, as the company’s corporate governance practices were found to be unsatisfactory, and its financial position was “less stable”, according to the Auditor General’s Report 2021 Series 2.

AG's Report 2021: Grand Borneo yet to deliver, financials less stable and corporate governance unsatisfactory

The government spent RM13.13 billion in subsidy expenditure in 2021, an increase of RM8.48 billion or 181.9% compared with RM4.66 billion in 2020, according to an auditor general's report released on Thursday (Oct 6).

AG's Report: Govt's subsidy expenditure jumped 182% to RM13 bil in 2021

A total of nine performance audits worth RM10.75 billion were carried out last year, according to Auditor General Datuk Seri Nik Azman Nik Abdul Majid.

Auditor General's Report: Nine performance audits worth RM10.75b carried out on eight ministries

The execution period for the upgrading and repair of the Parliament building has far exceeded the initial completion target of six years, according to the Auditor-General’s Report 2021 Series 1, which revealed that the first phase started in 2011 and took up to 14 years to complete while the last phase, 2C(ii), is expected to be completed by January 2025 instead of 2016.

Parliament building upgrading works completed late, took 14 years as cost increased by RM106.1m

The Kuala Lumpur City Hall (DBKL) flood mitigation management under the purview of the Federal Territories (FT) Ministry has yet to achieve its objectives as only 11% of 18 projects proposed under short-term flood mitigation measures have been completed, resulting in the problem of flash floods in the city remaining unresolved, according to the Auditor-General’s Report 2021 Series 1.

PAC to summon FT Ministry over DBKL’s inefficient RM329.33m flood mitigation projects

Young voters are expected to play an important role in the 13th Sarawak State Election as they make up about 40% of the electorate, said Parti Pesaka Bumiputera Bersatu (PBB) information chief Datuk Seri Abdul Karim Rahman Hamzah.

Sarawak polls: Young voters expected to play key role — Abdul Karim

BENGALURU (Nov 6): Tesla plans to wind down Cybertruck production at its Texas gigafactory around the middle of next year to accommodate increased production of the Cybercab, CEO Elon Musk said in a post on X on Friday.

Tesla to wind down Cybertruck production at Texas gigafactory next year, Musk says

(Nov 6): A key Singaporean associate of alleged global scam kingpin Chen Zhi was charged in court on Friday, as authorities continue their crackdown more than a year after the US and UK unmasked what they called a transnational criminal empire.

Singapore arrests and charges key aide of alleged scam kingpin

The grounds of judgement, for the decision that allows for the additional testimony of one of the prosecution’s star witnesses in Datin Seri Rosmah Mansor's completed graft case, are still pending.

Grounds of judgement not ready, delaying additional testimony of key witness in Rosmah's completed graft case

Thailand’s higher taxes on imported electric vehicles are prompting automakers to consider more local production, boosting Bangkok’s drive to become an EV manufacturing hub.

Thailand EV tax gets carmakers weighing more local production

KUALA LUMPUR (Nov 6): Emits Bhd, which manufactures antennas for consumer and industrial devices, is accepting applications from investors at 16 sen per share for its ACE Market listing.

Emits, which makes antenna, launches ACE Market IPO at 16 sen per share

South Korea’s government turned the world’s hottest stock market into a political trophy. Now, a reversal that’s wiped out more than a trillion dollars in value is stirring a retail investor backlash and testing public faith in its leaders.

South Korea’s US$1.7 tril rout burns day traders, challenges Lee

Fraser & Neave Holdings Bhd (KL:F&N) expects financial year ending Sept 30, 2027 (FY2027) to be a rebuilding year for its Cambodian business, with no major additional capital expenditure anticipated following the start of commercial production at its new manufacturing facility.

F&N sees FY2027 as a rebuilding year for Cambodia unit, no major new capex expected

CAIRO (Nov 6): Abu Dhabi National Oil Company (Adnoc) has signed a 10-year liquefied natural gas (LNG) supply agreement with India's Gujarat Energy, the company said, expanding its presence in one of Asia's key LNG markets.

Adnoc signs 10-year LNG supply agreement with India's Gujarat Energy

Hong Kong’s exchange operator unexpectedly posted a decline in profit in the third quarter as an initial public offering (IPO) boom and trading ran into headwinds fuelled by concerns over massive investments to fund the build-out of artificial intelligence (AI).

Hong Kong bourse operator's profit falls as AI scrutiny hits listings, trading

Imprisoned former prime minister Datuk Seri Najib Razak has paid the RM50 million fine, paving the way to him serving the remainder of his prison term in the confinement of his home.

Najib settles RM50m fine, paving way for house arrest in SRC case

SINGAPORE (Nov 6):&nbsp;A rout in Asia's tech-heavy markets deepened on Friday as fear of increased regulatory scrutiny and a slowdown in AI build-out precipitated the steepest decline in US stocks since the tariff-triggered "Liberation Day" selloff in April 2025.

Asia stocks tumble after AI rout rocks US markets

Malaysian shares are broadly lower as a massive overnight sell-off on Wall Street rippled over to Asian markets on Friday. The ringgit weakened.

Malaysia shares broadly lower as Wall Street rout spills to Asia

Datin Seri Rosmah Mansor said on Friday that she has no knowledge of the payment reportedly made to settle the RM50 million&nbsp;fine on her imprisoned husband Datuk Seri Najib Razak.

Rosmah says she and family have no knowledge of Najib's reported fine payment

KUALA LUMPUR (Nov 6): Technology stocks remained under selling pressure on Friday, as investors weighed the implications of the Democrats' strong showing in the US midterm elections for the artificial intelligence (AI) trade.

Tech stocks tumble as AI trade concerns deepen

Imprisoned former prime minister Datuk Seri Najib Razak's legal team has confirmed that the RM50 million fine has been paid and the court has subsequently issued an order for house arrest.

Court has issued Najib's order for house arrest

SINGAPORE (Nov 6): Singapore's Oversea-Chinese Banking Corp (OCBC) on Friday raised its 2026 outlook after posting a 3% annual rise in third-quarter net profit that beat estimates, even as weakness in its insurance arm weighed on its bottom line.

Singapore bank OCBC raises 2026 guidance after 3Q profit beat

Public Bank Bhd (KL:PBBANK) saw its net profit drop 3.8% year-on-year in the third quarter ended Sept 30, 2026 (3QFY2026) on higher loans or financing impairment allowances.

Public Bank 3Q net profit slips 3.8% on higher loan loss charges

NEW YORK/BENGALURU (Nov 5): Tech-led Nasdaq notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.

Investors wipe US$2.5 tril off Nasdaq as blue tsunami prompts AI fears

Prime Minister Datuk Seri Anwar Ibrahim and US Secretary of State Marco Rubio spoke on boosting economic ties in a telephone call on Thursday.

US Department of State: Rubio spoke to Anwar on boosting economic ties

SYDNEY/WELLINGTON (Nov 6): The Reserve Bank of New Zealand (RBNZ) said on Friday that it hit the local unit of Westpac with a charge alleging it breached disclosure rules for the country's Depositor Compensation Scheme.

New Zealand central bank hits Westpac with charge over disclosure breach

TA Securities sees 12.5% upside for IOI Properties Group Bhd’s (KL:IOIPG) real estate investment trust (REIT) arm amid its attractive valuation relative to large peers.

TA Securities sees 12.5% upside for IOI Properties’ REIT arm, sets fair value at RM1.08

(Nov 6):&nbsp;Malaysia’s status as a net energy exporter is bolstering the appeal of its sovereign debt, analysts say, shielding the market from regional inflation pressures even as global oil prices fluctuate.

Malaysian bonds lure buyers as oil squeezes peers, analysts say

The High Court in Miri, Sarawak&nbsp;on Oct 26&nbsp;granted an interim injunction explicitly barring 89 parcel purchasers of the Stirling Suites from voting at The Stirling’s joint management body (JMB) annual general meeting (AGM) on Oct 27.

High Court halts voting rights of 89 purchasers at The Stirling’s joint management body AGM

(Nov 5):&nbsp;Shares of Elon Musk's companies ‌SpaceX&nbsp;and Tesla&nbsp;slumped on Thursday, extending losses from the previous session, as investors worried that Democratic wins in the US midterm elections could slow data center build-outs.

SpaceX, which has leaned into the ​AI data ...

SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook

Oil pushed higher on Friday after rebounding on Thursday from a sharp sell-off triggered by a Democratic sweep of US midterm elections, as traders weighed the outlook for an end to war in the Middle East.

Oil extends rebound on uncertainty over Iran war peace progress

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Nov 6, 2026 

(Nov 5): The backlash against data centers evident in this week's US midterm elections raises new risks for a key source of economic growth. But restrictions on development could ultimately reduce the odds of a downturn by keeping the AI investment boom in check.

Around half of planned ...

US data-centre backlash may lower odds of AI investment bust

BENGALURU (Nov 5): AI data centre firm IREN on Thursday delayed some infrastructure deliveries for Microsoft&nbsp; and laid out another US$15 billion in spending, even as a rout in AI stocks puts the sector's massive buildout under pressure.

AI data centre firm IREN delays Microsoft AI deliveries, plans US$15 bil spending push

KUALA LUMPUR (Nov 6): Sarawak will head to the polls on Dec 12, with nomination&nbsp;set for Nov 28 and early voting on Dec 8, the Election Commission (EC) announced on Friday.

AG's Report 2021

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