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

Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record US$325.2 billion (RM1.43 billion).

Berkshire's cash soars to US$325b as Buffett sells Apple, BofA; operating profit falls

US investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a £3 billion (US$3.88 billion or RM16.99 billion) share sale which forms part of a wider recapitalisation plan, Sky News reported on Saturday.

KKR exploring investment in Thames Water share plan — report

The government will introduce stricter laws to tackle cyberbullying, which is becoming more concerning, said Prime Minister Datuk Seri Anwar Ibrahim.

Govt to introduce stricter laws to tackle cyberbullying, says Anwar

TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore.

TGI Friday's operator files for bankruptcy amid financial woes

British Prime Minister Keir Starmer promised reforms to speed up the economy and overhaul the public sector after the Labour government's first budget failed to boost the growth outlook and sent government bond prices into a two-day dive.

UK's Starmer pledges more growth reforms after budget hit to markets

Cooperation between Pakatan Harapan (PH) and Barisan Nasional (BN) should continue in the next general election following the political stability the country is currently enjoying.

PH-BN cooperation should continue, says Anwar

Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.

Anwar directs Khazanah to audit RM43.9m FashionValet investment loss

The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).

Loke: WCE to ease NSE congestion, boost local economy

Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.

Accurate data needed to curb leakages in govt subsidies, says Anwar

The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.

MACC opens investigation on Khazanah and PNB investment in online fashion business