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

A generation of investors grew up believing that Genting Bhd (KL:GENTING) was a cash-generating machine where nothing can go wrong even during the worst of times.

Genting loses its lustre

Chinese chipmaker CXMT Corp reported a surge in preliminary profit and sales during the first nine months of the year after global demand for memory sent prices of the components soaring.

China’s CXMT swings to profit after memory chip prices surge

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Zetrix AI, Genting, Genting Plantation, IOI Properties, Public Bank, RHB Bank, Cape EMS, Turiya, EGH International, Westsports Holdings & Cosmos Tech 

ExxonMobil Holdings Corp is the latest oil supermajor to signal soaring third-quarter refining profits as wars in the Persian Gulf and Russia crippled fuel-making facilities causing prices to surge.

Exxon signals record refining earnings on soaring diesel prices 

IOI Properties Group Bhd (KL:IOIPG) said its board has yet to deliberate on the potential acquisition of Singapore properties mentioned by its chief executive officer in a media report.

IOI Properties board yet to deliberate on potential Singapore acquisitions

Shipping estimates for Apple Inc’s first folding phone, the iPhone Duo, slipped into December and beyond within minutes of the company opening pre-orders on Friday.

Apple iPhone Duo orders slip into 2027 amid pre-order frenzy

The benchmark S&P 500 was muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines.

S&P 500 subdued as gains in banks offset AI jitters; Dow at one-month high

Ukrainian President Volodymyr Zelenskiy took aim on Friday at US President Donald Trump's diesel deal with Russia and welcomed the prospect of European allies stepping up their role in talks, calling Moscow's stance a "parody" of peace negotiations.

Zelenskiy blasts Trump's diesel deal and calls Russian peace moves a 'parody'

Parti Amanah Negara (Amanah) president Datuk Seri Mohamad Sabu stated that the party has been allocated eight state legislative assembly (DUN) seats to contest in the Melaka state election (PRN).

Amanah allocated eight seats in Melaka polls — Mohamad Sabu

The US is on track to install record amounts of clean energy this year and next as developers race to claim expiring federal tax credits and as soaring data-centre electricity demand stimulates growth.

US clean energy set to reach new highs as tax-credit cliff looms

Bank Negara Malaysia (BNM) has maintained additional capital buffer requirements for the country’s three biggest banks: Malayan Banking Bhd (KL:MAYBANK), CIMB Group Holdings Bhd (KL:CIMB) and Public Bank Bhd (KL:PPBANK).

Bank Negara keeps Maybank, CIMB and Public Bank on systemically important banks list, with capital buffers unchanged

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Zetrix AI Bhd (KL:ZETRIX) faces potential sukuk payment obligations of RM2.16 billion if it fails to resolve a covenant breach by Oct 22, which could trigger a payment default.

Zetrix on the hook for RM2.16 bil as sukuk holders sound alarm bell  

Public Bank Bhd (KL:PBBANK) could see its consolidated net assets and earnings per share reduced by four sen, following an expected HK$1.964 billion — or about RM1.1 billion — goodwill impairment at its Hong Kong-listed subsidiary, Public Financial Holdings Ltd (PFHL).

Public Bank’s HK unit to take HK$1.9b non-cash impairment, trimming parent’s net assets and earnings by four sen per share

Chinese chipmaker CXMT Corp reported a surge in preliminary profit and sales during the first nine months of the year after global demand for memory sent prices of the components soaring.

IOI Properties Group Bhd (KL:IOIPG) said its board has yet to deliberate on the potential acquisition of Singapore properties mentioned by its chief executive officer in a media report.

Shipping estimates for Apple Inc’s first folding phone, the iPhone Duo, slipped into December and beyond within minutes of the company opening pre-orders on Friday.

The benchmark S&amp;P 500 was muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines.

Electronics contract manufacturer Cape EMS Bhd (KL:CAPE) is collaborating with Taiwan-listed FIC Global Inc (FICG) to serve as its strategic partner in the latter’s optical transceivers manufacturing expansion in Johor.

Cape EMS partner FIC Global unit for Johor expansion, proposes RM50 mil RCPS issuance

The US is on track to install record amounts of clean energy this year and next as developers race to claim expiring federal tax credits and as soaring data-centre electricity demand stimulates growth.

ExxonMobil Holdings Corp is the latest oil supermajor to signal soaring third-quarter refining profits as wars in the Persian Gulf and Russia crippled fuel-making facilities causing prices to surge.

A weekly round-up of tanker and dry bulk market (Oct 16, 2026)

Baltic Exchange shipping updates: Oct 16, 2026

UniCredit SpA won approval from the European Central Bank (ECB) for its increased Commerzbank AG stake, paving the way for chief executive officer Andrea Orcel to take over the German lender.

UniCredit gets ECB go-ahead to take control of Commerzbank

Parti Amanah Negara (Amanah) president Datuk Seri Mohamad Sabu stated that the party has been allocated eight state legislative assembly (DUN) seats to contest in the Melaka state election (PRN).

US factory production increased in September, but lost considerable momentum in the third quarter amid headwinds from the Middle East conflict, which has snarled supply chains and raised energy prices.

US manufacturing output rises in September

The head of the IMF on Friday appealed to global leaders to cooperate in the face of multiple economic risks, including rapid advances in AI and a prolonged war in the Middle East, as Washington hailed what it sees as US-led economic momentum.

IMF chief urges cooperation on AI and war risks, as US hails economic momentum

Bank of Japan (BOJ) governor Kazuo Ueda said he “can’t tolerate” underlying inflation rising further above 2%.

Ueda ‘can’t tolerate’ underlying inflation further over 2%

（吉隆坡16日讯）Datuk Vijayasundaram Jeyabalan通过私下配售，认购Turiya Bhd（KL:TURIYA）2287万2000股或9.091%股权后，成为该公司第二大股东。

私配认购9.09%股权 Turiya迎来第二大股东

A generation of investors grew up believing that Genting Bhd (KL:GENTING) was a cash-generating machine where nothing can go wrong even during the worst of times.

AG's Report 2021

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