<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 16): The Defence Ministry said today it will lodge a report with the Malaysian Anti-Corruption Commission (MACC) on the remaining 14 land-swap projects involving tracts owned by the ministry.</p></div>

<div class=newsTextDataWrapInner><p>The ministry said the decision to lodge the MACC report aims to protect the nation's sovereignty and ensure failure of the ministry's land-swap projects do not recur.</p></div>

<div class=newsTextDataWrapInner><p>Mohd Nasaie Ismail, who is special duties officer to the defence minister, said in a statement today the investigative committee for government revenue, finance administration on the land-swap projects in the country had earlier investigated 16 land-swap projects involving the ministry.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He said findings on the 16 projects showed the government lost an estimated RM515.21 million due to factors including time extension of projects, which were not completed.</p></div>

<div class=newsTextDataWrapInner><p>"Our concern is the government not only loses money but the nation's strategic defence position is also affected due to the failure of the projects," Mohd Nasaie said.</p></div>

<div class=newsTextDataWrapInner><p><em>Read: <a href="https://www.theedgemarkets.com/article/defence-ministry-lodges-macc-reports-landswap-projects" target="_blank">Defence Ministry lodges MACC reports on land-swap projects</a></em></p></div>

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The Defence Ministry said today it will lodge a report with the Malaysian Anti-Corruption Commission (MACC) on the remaining 14 land-swap projects involving tracts owned by the ministry.

The ministry said the decision to lodge the MACC report aims to protect the nation's sovereignty and ensure failure of the ministry's land-swap projects do not recur.

Defence Ministry to lodge MACC report on remaining 14 land-swap projects

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Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

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Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

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PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

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The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

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<p>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</p>


<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


<p>Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.</p>


<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


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<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


<p>PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.</p>


<p>Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...