<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 15): Auditor-General Madinah Mohamad today announced that the audit report on 1Malaysia Development Bhd (1MDB) has been declassified.</p></div>

<div class=newsTextDataWrapInner><p>The announcement came after Madinah's meeting with Prime Minister Tun Dr Mahathir Mohamad earlier today.</p></div>

<div class=newsTextDataWrapInner><p>"In reference to the 1MDB audit report which was classified as secret on Jan 22, 2016 and was presented to the Public Accounts Committee on March 4, 2016, please be informed that the audit report on 1MDB has been reclassified as an open document," she said in a press statement this evening.&nbsp;The report's executive summary, said Madinah, has also been released on the Audit Department's website.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The audit on 1MDB was ordered by then prime minister Datuk Seri Najib Abdul Razak in 2015, when allegations surface that billions of ringgit had been misappropriated from the strategic investment fund.</p></div>

<div class=newsTextDataWrapInner><p>However, on completion of the audit, the report was classified as state secret.&nbsp;Dr Mahathir, on taking over the federal government after leading the Pakatan Harapan coalition to a historic win against Najib's Barisan Nasional at the national polls on May 9, instructed that the Official Secrets Act 1972 seal on the audit report be lifted on Saturday (May 12).</p></div>

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KUALA LUMPUR (May 15): Auditor-General Madinah Mohamad today announced that the audit report on 1Malaysia Development Bhd (1MDB) has been declassified.

The announcement came after Madinah's meeting with Prime Minister Tun Dr Mahathir Mohamad earlier today.

"In reference to the...

1MDB audit report now declassified, says Auditor-General

The Ministry of Transport (MOT) has not been informed of any corporate deal involving Malaysia's biggest port operator MMC Port Holdings Sdn Bhd, said its Minister Anthony Loke Siew Fook.

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Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

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The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

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Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

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<p>Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.</p>


<p>E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

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<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


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<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


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<p>Asian stocks sank and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.</p>


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<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


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<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


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<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

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<p>Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.</p>


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<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


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<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


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<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


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<p>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</p>


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<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


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<p>The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.</p>


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<p>The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.</p>


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<p>Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.</p>


<p>Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and set for its best day in ten months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.</p>
