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LTH investment losses

LTH board, senior management must answer for investment losses: RCI

The Royal Commission of Inquiry has called for Lembaga Tabung Haji's board members, subsidiary directors, senior management and officers involved in a string of failed investments to be held accountable, citing systemic governance failures, weak oversight and flawed decision-making that left the pilgrims' fund exposed to massive losses. It also recommended forensic audits into several high-profile investments

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Cleared for layoffs? AirAsia to retrench 20% of workforce in major cost-cutting move

This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source

Over 23.6 million to benefit as new electricity tariff kicks in July 1

The Energy Commission has set a new average base tariff of 45.40 sen/kWh for RP4, slightly lower than before, bringing overall electricity costs down by up to 19% compared to the previous regulatory period

FIFA slams FAM: Forged documents, fines and 12-month suspension rattles Malaysian football

World football’s governing body has sanctioned the Football Association of Malaysia (FAM) and seven naturalised players for using falsified documents to secure eligibility in the Asian Cup qualifier against Vietnam in June