The Eastern Sabah Security Zone (ESSZone) security hub project for the marine police, approved nearly 10 years ago, is still incomplete and now needs an extra RM28.7 million, according to the auditor general’s latest report.

AG’s report: ESSZone project still incomplete after nearly 10 years, needs additional RM28.7m

The latest Auditor General’s (AG) Report found governance and financial issues at four Malaysian diplomatic missions — in Canberra, Wellington, Singapore, and Hanoi.

AG finds governance, financial management slips at four diplomatic missions

The latest Auditor General’s Report highlights serious weaknesses in payment controls at the Malaysian Maritime Enforcement Agency (APMM), alongside concerns over its reliance on ageing vessels.

AG's report: Maritime agency paid RM32.34 mil without supplier invoices

The auditor general has criticised the federal government for poor management of the government vehicle fleet, highlighting delays in deliveries and a failure to enforce penalties.

AG's report flags poor management of govt vehicle fleet, failure to enforce RM54.5m penalties

KUALA LUMPUR (Oct 6): The auditor general has urged the government to closely monitor new borrowings used to repay maturing loans, as debts worth RM490 billion are due within the next five years.

Auditor general urges govt to monitor borrowings as RM490b debt due in five years

Malaysia’s auditor general cleared the federal government’s financial statements for the year ended Dec 31, 2024 while flagging some issues that deserve attention.

Auditor general clears federal govt’s 2024 financial statements, flags some issues

The Ministry of Defence (Mindef) has yet to collect RM162.75 million in penalties from a contractor following delays for the supply of armoured vehicles, according to the Auditor General’s (AG) 2025 Report on Monday.

AG’s report: Delays in delivery of 70 army vehicles, RM162m penalty collection spell weak contract enforcement by Mindef    

KUALA LUMPUR (July 21): The current policy on subsidised cooking oil is not comprehensive and has allowed non-targeted groups, including non-citizens, to benefit from the government’s subsidy programme, according to the National Audit Department (NAD).

Cooking oil subsidy policy not comprehensive, says auditor general

KUALA LUMPUR (July 21): The Auditor-General (AG) has flagged serious governance lapses in Felcra Bhd’s RM241.76 million acquisition of four oil palm estates between 2022 and 2024.

Governance lapses in Felcra’s RM241m plantation acquisitions, says Auditor General

The auditor general recommends ending the pre-qualification procurement system in favour of full open tenders, according to the auditor's latest report released Monday.

Auditor general calls for end to pre-qualification system, shift to open tender

KUALA LUMPUR (July 21): There were “serious irregularities” and “weaknesses” found at seven ministries' projects and programmes that cost RM48.78 billion in total, Malaysia’s auditor general flagged on Monday.

Auditor General finds serious irregularities, weaknesses at govt projects, programmes worth over RM48 bil

The Inland Revenue Board (IRB) incurred the largest deficit, followed by PR1MA Malaysia Corp and University Teknologi Mara, among government agencies in 2023, according to the Auditor General’s (AG) Report.

IRB incurs RM735m deficit in 2023, highest among agencies — AG

Malaysia’s five research universities carried out more than 1,000 research projects that turned out unsatisfactory in 2023 while costing RM148.04 million, according to the auditor general.

Over 1,000 research projects costing RM148m by Malaysia’s top universities found ‘unsatisfactory’

A total of 97 federal government agencies recorded a cumulative surplus of RM73.89 billion in the financial year ended Dec 31, 2023 (FY2023), according to the Auditor General’s Report.

AG’s Report: 97 federal govt agencies generated RM73.9b surplus in 2023

BENGALURU (Oct 13): Gold ticked up on Tuesday as oil prices slipped, while markets focused on the upcoming US inflation data for fresh signals on the Federal Reserve's interest-rate trajectory.

Gold ticks up as oil eases; spotlight on US inflation data

PUTRAJAYA (Oct 13): My Digital ID Sdn Bhd clarified that its digital identity platform is not powered by any third-party blockchain technology as recently published in a media article.

MyDigital ID says not powered by third-party blockchain technology

Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.

Oil falls as Russia diesel supply prospects counter Gulf supply risks

President Donald Trump said late on Monday he did not believe that China and Russia were helping Iran "at all," adding that Moscow and Beijing had "too much to lose" if they enabled Tehran.

Trump says he does not believe China and Russia are helping Iran 'at all'

SEOUL (Oct 13): South Korea cannot avoid raising its benchmark interest rate in the near future to narrow a widening yield gap with the United States and align with global monetary tightening, President Lee Jae Myung said during a cabinet meeting on Tuesday.

South Korea's Lee says country cannot avoid raising interest rates

KUALA LUMPUR (Oct 13): The government will continue to strengthen efforts to stabilise the prices of essential goods to address concerns over rising living costs following the implementation of the RM2,000 minimum wage effective June 2027.

Economy Minister Akmal Nasrullah Mohd Nasir sai...

Akmal Nasrullah: Govt committed to controlling prices following minimum wage hike

KUALA LUMPUR (Oct 13): S P Setia Bhd (KL:SPSETIA) expressed support for the measures announced in Budget 2027, highlighting key initiatives aimed at home ownership, green investments and construction industry resilience

S P Setia welcomes Budget 2027’s focus on housing, green investment and construction resilience

BANGKOK (Oct 13): The International Monetary Fund (IMF) warned on Tuesday against "complacency" in global financial markets, citing risks from an artificial intelligence-driven selloff, rising government bond yields, or cyberattacks as potential threats facing still- resilient markets.

IMF cites AI slowdown, spiking yields as looming global market risks

Putra Heights is about 45km, or a 40-minute drive, from the Sepang International Circuit (SIC). On the day of the Formula One (F1) Bahrain Grand Prix, which ended around 6.20pm last Sunday, my son and daughter got home seven hours later, at 1.30am.

For many local and overseas fans, it w...

My Say: Race over, now comes the business case for F1

Artificial intelligence (AI) is certainly going to be A Very Big Thing. It is already impacting how we work, study, invest and play, how our medical ailments are treated, how politics plays out, how governments operate … the list can go on. Like other transformational new technologies, it promise...

My Say: Yes, we do need to worry about AI

KUALA LUMPUR (Oct 13): His Majesty Sultan Ibrahim Sultan Iskandar, King of Malaysia, bought a stake in miner Southern Alliance Mining Ltd for S$6.1 million (US$4.8 million), according to a statement on Tuesday.

Sultan Ibrahim acquires 2.25% in Southern Alliance Mining in S$6.1 mil offmarket deal

Asian stocks fell sharply on Tuesday as investors fretted about the durability of the rally in AI shares and increased competition while a widening conflict in the Middle East soured risk sentiment ahead of the tone-setting US earnings season.

Asian stocks dive on AI jitters ahead of US bank earnings

KUALA LUMPUR (Oct 13): Genting Bhd (KL:GENTING) may need to sell non-core assets, particularly unused land, to reduce its debt burden and avoid further credit-rating downgrades, according to CreditSights.

Genting may need to sell non-core assets to avert a credit-rating downgrade — CreditSights

A cloud of haze has descended across Southeast Asia over the past few months as a brutal El Niño helps incinerate forest and scrub in Indonesia. Obscuring responsibility for the fires stems from a much deeper and more impenetrable legal pall.

Opinion: Singapore can fix Southeast Asia’s haze, if it wants to

Data centre operator DayOne Data Centres Ltd has secured an additional RM15 billion in financing from a consortium of seven banks to fund the expansion of its data centre facilities in Johor, bringing its total financing arrangements to RM30 billion.

DayOne secures additional RM15b financing for Johor data centre expansion

Investors from countries including the US, China and India are interested in a new port project in southern Peru ​estimated to cost around US$844 million (RM3.4 billion), officials said on ‌Monday.

US, Chinese and Indian firms show interest in Peru's US$844m port project

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

YOUR DAY AHEAD: Oct 13, 2026 

A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy equity benchmark down 7% as concerns about AI overheating and Chinese competition intensified.

Chip sell-off triggers 7% Korea rout after CEO’s ‘casino’ warning

A sell-off in Singapore bank shares driven by fears of earnings downgrades is threatening one of Asia’s best-performing major stock benchmarks this year, putting the city-state’s safe haven status to the test.

Singapore bank sell-off tests city-state’s safe haven status

The Ministry of Health (MOH) will recommend absorbing contract dental and pharmacy officers into permanent positions for the consideration of the Ministry of Finance and the Cabinet, in an effort to ensure the future and welfare of these groups are safeguarded.

MOH will recommend absorbing dental and pharmacy officers — Dzulkefly

Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades.

Bank stocks mired in correction into earnings as yields rise

KUALA LUMPUR (Oct 13): Malaysia's efforts to narrow its fiscal deficit could face challenges from persistently high subsidy costs, particularly if the US-Iran conflict continues to drive up energy prices, according to BMI, a Fitch Solutions company.

BMI sees Budget 2027 subsidy allocations posing risk to Malaysia’s fiscal consolidation

A stronger yuan is among the most underpriced scenarios in the world’s US$9.5 trillion (RM38.8 trillion)-a-day foreign exchange market, according to Goldman Sachs Group Inc’s Kamakshya Trivedi.

Goldman says markets underestimating how far yuan can rise

Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.

Putra Heights is about 45km, or a 40-minute drive, from the Sepang International Circuit (SIC). On the day of the Formula One (F1) Bahrain Grand Prix, which ended around 6.20pm last Sunday, my son and daughter got home seven hours later, at 1.30am.

For many local and overseas fans, it w...

BANGKOK (Oct 13): The International Monetary Fund (IMF) warned on Tuesday against "complacency" in global financial markets, citing risks from an artificial intelligence-driven selloff, rising government bond yields, or cyberattacks as potential threats facing still- resilient markets.

A selloff in chipmakers left stocks wavering ahead of the earnings season, with traders also gearing up for this week’s inflation data that will be key in shaping the Federal Reserve outlook.

US stocks waver on slowest trading day in 2026

HONG KONG (Oct 13): Tencent Holdings&nbsp;is selling US dollar and offshore Chinese yuan, or dim sum, bonds in a deal that could raise at least US$4.5 billion as the Chinese technology giant seeks funding amid higher spending on artificial intelligence.

Tencent sells dollar, dim sum bonds amid AI spending spree

Prevailing weather and haze conditions have forced Firefly to extend flight cancellations between Subang and Singapore's Seletar Airport until Oct 14, with affected passengers being offered alternative Malaysia Airlines flights, subject to seat availability, or full refunds.

Firefly extends Subang-Seletar flight cancellations due to haze

BEIJING (Oct 13):&nbsp;Nvidia's&nbsp;share of China's market for data-centre AI chips fell to 34% in the first half of 2026, as US export controls restricted supplies of its products and domestic rivals led by Huawei gained ground, according to an IDC report seen by ​Reuters.

Nvidia shi...

AG's Report 2025

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AG's Report 2025

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