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

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

(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.

“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

US debt load tops Fed’s survey of financial stability risks

Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.

Modi's BJP wins richest state of India in elections; opposition retains mineral-rich region

Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.

Nato’s Rutte meets Trump in Florida amid fears over Ukraine aid

There is still no evidence to show that the pollution at Pantai Esen in Permatang Damar Laut, Batu Maung near here is due to reclamation works for the man-made Silicon Island.

No evidence Pantai Esen pollution due to Silicon Island reclamation works — exco

China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

Huawei aims 100,000 apps on Harmony OS in six to 12 months

Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.

Govt committed to raising allocations to all states — PM

The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

Seven & i founding family sounded out KKR, others about buyout — Nikkei

The European Union (EU), US and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told Reuters on Saturday.

Wealthy countries back raising COP29 climate deal to US$300b, Reuters reports

The Selangor State Development Corporation (PKNS) is set to launch about 12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

PKNS to launch property projects with RM1.5b GDV in 2025

The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.

Increased assistance provided to M'sians under Madani govt, says Anwar

The government has increased the rooftop solar capacity by another 300MW for the commercial and industrial segment, and by 50MW for households.&nbsp;

Additional rooftop solar quota for M'sian businesses, households

The Ministry of Transport has proposed the establishment of a dedicated logistics hub in Nilai or Enstek, Negeri Sembilan, to further bolster Malaysia’s logistics sector.

Loke proposes new logistics hub in Nilai or Enstek

Keck Seng (M) Bhd (KL:KSENG) booked an unrealised foreign exchange (forex) loss of RM81.84 million in the third quarter ended Sept 30, 2024 (3QFY2024), which in turn dragged the group into the red.&nbsp;

Unrealised forex loss of RM81.8 mil pulls Keck Seng into the red in 3Q

Philippine Vice President Sara Duterte said on Saturday she would have President Ferdinand Marcos Jr assassinated if she herself were killed, prompting Marcos' office to vow "immediate proper action".

In widening rift, Sara Duterte says she would have Marcos assassinated if she is killed

The founding family of Japan's&nbsp;Seven&nbsp;&amp; i Holdings has approached KKR &amp; Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

The Selangor State Development Corporation&nbsp;(PKNS) is set to launch about&nbsp;12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

Bitcoin touched a record high on Friday, with its sights set firmly on the US$100,000 (RM446,800) barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a&nbsp;Donald Trump&nbsp;administration.

Bitcoin at record highs, sets sights on US$100,000

The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial"&nbsp;statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.

Govt to disregard 'trivial' statements as it focuses on development — PM

Nvidia&nbsp;chief executive officer Jensen Huang said on Saturday that global collaboration and cooperation in technology will continue, even if the incoming US&nbsp;administration imposes stricter export controls on advanced computing products.

Nvidia CEO says global cooperation in tech will continue under Trump administration

China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.

The Adani Group will respond to bribery allegations levelled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.&nbsp;

Adani to respond to US bribery allegations after legal review

Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally&nbsp;scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.

The government is committed to ensuring that the implementation of Madani economic reforms&nbsp;has minimal or no impact on the people in general, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysians won't be burdened by economic reforms, says Anwar

Prime Minister Datuk Seri Anwar Ibrahim is scheduled to officiate the Two Years of Madani Government (2TM) Programme and the 2024 National Convention on Public Service Reform in the Kuala Lumpur Convention Centre on Saturday.

PM to officiate 'two years of Madani govt' programme, national convention on public service reform on Saturday

Lattice Semiconductor Corp&nbsp;is considering making an offer for all of Intel Corp’s Altera, people familiar with the matter said, in a twist that could complicate the chip giant’s plans to sell a minority stake in the unit.&nbsp;

Lattice Semiconductor mulling offer for Intel’s Altera unit, Bloomberg reports

President-elect&nbsp;Donald Trump&nbsp;may have campaigned hard against high inflation, but by the time of his Nov&nbsp;5&nbsp;election victory&nbsp;financial professionals had moved on from rising prices and begun worrying about rising US&nbsp;debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve (Fed) survey released on Friday.

Fed survey finds inflation fading as a risk next to debt, trade wars

There is still no evidence to show that the pollution at Pantai Esen in&nbsp;Permatang Damar Laut, Batu Maung&nbsp;near here is due to reclamation works for the man-made Silicon Island.

As of the end of October, Malaysia’s 5G coverage in populated areas had reached 82.1%, up from 80.2% last year, while internet coverage in populated areas stood at 98.38%, compared with&nbsp;97.07% in 2023.

Malaysia's 5G coverage hit 82.1%, internet access near 100% at end-October — ministry

The health of the US&nbsp;consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices.

AG's Report 2021

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