Malaysia Pulse delivers breaking news, politics, business, sports and lifestyle coverage from Malaysia and Southeast Asia — trusted, timely and independent.
The Selangor State Development Corporation has dismissed claims of RM103.69 million in losses and RM6.1 billion in accumulated debt, characterising the allegations as inaccurate and misleading while citing its maintained AA1/Stable credit rating.
Prime Minister Anwar Ibrahim has rejected Felda's proposal to sell a hotel for significantly less than its original purchase price, ordering a full investigation into how the loss-making transaction was proposed.
The MACC has subjected a former chief financial officer to a third day of questioning regarding an alleged RM370 million misuse of authority in a plantation company share acquisition by a statutory body.
JPMorgan Chase CEO Jamie Dimon is mobilizing over 40 major corporations spanning finance, energy, and telecommunications to jointly address risks posed by rapidly advancing artificial intelligence systems.
South Korean authorities have raided Starbucks' national headquarters following claims that a recent advertising campaign dishonoured activists killed during the 1980 pro-democracy uprising.
The Malaysian Anti-Corruption Commission is pressing forward with its investigation into an alleged abuse of power surrounding a RM370 million share purchase by a Tabung Haji-linked company, with the former chief financial officer returning for a second day of questioning.
A Seoul real estate entrepreneur built a K-pop empire in two years by acquiring multiple agencies and major artists, only to see it spectacularly unravel through scandals, management disputes, and mass artist departures that left the industry searching for answers.
The Malaysian Anti-Corruption Commission has arrested the former CEO and CFO of a plantation company in connection with allegations of abuse of power involving a RM370 million deal. Both suspects are undergoing investigation.
Malaysia's anti-corruption watchdog has arrested the former chief executive and chief financial officer of a state-linked enterprise over a RM370 million plantation equity acquisition, signalling intensified scrutiny of GLC governance.
A High Court judge has authorised pre-trial document discovery in a RM3.53 million dealership fraud case, determining that requested materials are essential for tracking purported fund movements across interconnected companies.
A company director testified in the High Court that political pressure and a connected businessman's request prompted his RM19.5 million contribution to Bersatu tied to the Jana Wibawa project.
A Sessions Court in Kuala Lumpur heard testimony about two separate transfers totalling RM20.3 million that moved from state-backed investment firm Permodalan Nasional Bhd to the e-commerce fashion platform Fashion Valet Sdn Bhd.
Bursa Malaysia Securities has publicly reprimanded Meridian and imposed financial penalties on its sole executive director for repeatedly failing to submit audited annual reports by regulatory deadlines.
The Malaysian Anti-Corruption Commission has launched a formal investigation into how Retirement Fund Inc lost RM200 million through an investment in Indonesian aquaculture technology company eFishery, marking a significant probe into pension fund governance.
Kampar MP Chong Zhemin has rebutted PAS Youth's demand for Prime Minister Anwar Ibrahim to resign over losses from the KWAP eFishery investment, cautioning against weaponising corporate fraud cases for political purposes.
KPMG Australia has appointed John Sams as its new chief executive officer, concluding a leadership transition that followed serious allegations of confidential client information misuse within the firm's audit division.
Prime Minister Anwar Ibrahim has pointed to the eFishery scandal as evidence that audit firms cannot be wholly trusted, after three major auditors cleared a RM163.4 million investment that masked fraudulent operations.
KPMG Australia has sanctioned seven employees with fines reaching A$180,000 for misusing confidential client data to secure audit contracts, triggering multiple executive departures.
Malaysia's public pension fund KWAP has disclosed a RM163.4 million loss from fraud involving its investment in Indonesian aquaculture startup eFishery, outlining remedial steps to restore confidence among contributors and beneficiaries.
Malaysia's Retirement Fund (KWAP) has launched efforts to recover RM163.4 million invested in eFishery, following a major fraud scandal involving the aquaculture company.
Transport Minister Anthony Loke has clarified that the government does not intervene in management appointments at port operators, including those involving foreign nationals, provided Malaysian entities retain majority ownership of at least 51 per cent.
A KCJ Engineering finance manager has testified in the High Court that an RM800,000 donation to Bersatu was directly connected to Jana Wibawa infrastructure projects the company had received.
The Malaysian Anti-Corruption Commission has released all frozen bank accounts belonging to Padini Holdings and its subsidiaries following a corruption investigation. No charges have been filed against the fashion retailer.
Fashion retailer Padini Holdings announced that the Malaysian Anti-Corruption Commission has unfrozen all bank accounts previously frozen during its corruption investigation, allowing the company to resume normal financial operations.
Electoral reform group Bersih says 34 MPs across multiple parties—including PKR, PAS, DAP and Umno—have backed calls for a Royal Commission of Inquiry to investigate allegations of corporate wrongdoing.
A company director has rejected claims that she was used as a front to secure government projects, stating she cannot confirm whether a former prime minister was aware of her firm's ownership structure.
A High Court witness testified that businessman Lian Tian Chuan, known as TC Lian, directed his staff to prepare letters to former Prime Minister Muhyiddin Yassin requesting Jana Wibawa programme contracts, raising fresh questions about project allocation practices.
Australia's corporate watchdog has begun examining audit complaints across the Big Four accounting firms following serious allegations of misconduct at KPMG, with the government weighing radical structural reforms.
A former Kuala Lumpur Kepong Berhad employee has entered a not guilty plea to charges of deceiving the company by concealing crude palm oil inventory records during 2024.
Malaysia's Court of Appeal has upheld a RM84.64 million fraud conviction against former Protasco directors, reinforcing that preliminary oral rulings are not final judgments but precursors to detailed written decisions.
WiseTech Global co-founder Richard White has resigned as executive chair effective immediately, with independent director Raelene Murphy assuming the role. The move follows media reports of personal allegations against White.
A Malaysian High Court has ruled that an investment holding company cannot escape contractual obligations worth RM12.8 million to 39 investors by citing the Companies Act, after accepting initial capital of RM10.57 million.
South Korea's entertainment company Ador has presented audio recordings and contractual documents alleging that former CEO Min Hee-jin deliberately orchestrated girl group NewJeans' departure from the agency, intensifying their year-long legal dispute over contract termination.
HG Power Transmission says the Malaysian Anti-Corruption Commission has concluded its investigation with no charges to be pursued. The company announced the development through a stock exchange filing, signalling the end of a probe that had triggered asset seizures.
The Federal Court has rejected a final appeal by Ng Back Heang, the former director of Patimas Holdings, in a RM1.2 million insider trading case. The court found the leave application raised no novel legal issues warranting further consideration.