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Breaking the billion-dollar addiction to consultants in government

Breaking the billion-dollar addiction to consultants in government

Private consultancy companies have govts addicted to their services and the bill continues to balloon as the ties that bind get tighter.
Sun Aug 13 2023
Najib's instruction to sign off on 1MDB's 2013 financial statement a form of intimidation - Witness

Najib's instruction to sign off on 1MDB's 2013 financial statement a form of intimidation - Witness

KPMG's Johan Idris has described the instruction of Najib Razak to the audit firm to complete and sign off on its audit of 1MDB 2013 financial statement within two weeks, as a form of intimidation.
Tue May 10 2022
Najib never put KPMG on pressure to sign off on 2013 1MDB financial statement - Lawyer

Najib never put KPMG on pressure to sign off on 2013 1MDB financial statement - Lawyer

Shafee Abdullah contended that Najib Razak had never put pressure on KPMG Malaysia to sign off on the 2013 1MDB financial statement during a meeting between the audit firm and 1MDB.
Thu Apr 21 2022
Najib 'instructed' me to have 1MDB 2013 audit signed - Witness

Najib 'instructed' me to have 1MDB 2013 audit signed - Witness

The High Court today was told that Najib Razak had "instructed" KPMG Malaysia to sign off its audit report of 1MDB for the year 2013, during the firm's meeting with 1MDB.
Thu Apr 21 2022
Najib never said okay to KPMG signing-off 2013 1MDB financial statement - Witness

Najib never said "okay" to KPMG signing-off 2013 1MDB financial statement - Witness

The High Court was told today that Najib Razak had never given the "okay" to KPMG Malaysia to sign off the 2013 1MDB financial statement after a meeting between the audit firm and 1MDB.
Wed Apr 20 2022
Netflix, KPMG, PwC, AMEX sever ties with Russia

Netflix, KPMG, PwC, AMEX sever ties with Russia

A number of other Western companies, including Nike, Ikea and French bag maker Birkin Hermes have closed stores or offices or ceased operations.
Mon Mar 07 2022
Malaysia says recovered 1MDB funds only enough to pay debt principal for 2022

Malaysia says recovered 1MDB funds only enough to pay debt principal for 2022

1MDB raised billions of dollars in bonds, ostensibly for investment projects and joint ventures, between 2009 and 2013.
Thu Jan 13 2022
Jho Low instructed Najib not to speak too much with KPMG on 1MDB - Witness

Jho Low instructed Najib "not to speak too much" with KPMG on 1MDB - Witness

The instruction was made through an email, titled 'Urgent: Briefing Package for "YAB PM".
Tue Nov 16 2021
KPMG to pay RM333 mln to Malaysian govt as 1MDB settlement

KPMG to pay RM333 mln to Malaysian govt as 1MDB settlement

KPMG has agreed to a settlement valued at RM333 million (US$80 million) to resolve all claims related to its fiduciary duties on auditing of 1MDB accounts for the period of 2010 to 2012.
Thu Sep 16 2021
Kuala Lumpur among top 10 cities in Asia Pacific seen as leading technology innovation hub

Kuala Lumpur among top 10 cities in Asia Pacific seen as leading technology innovation hub

The global Technology Industry Survey 2021 involves more than 800 industry leaders.
Tue Aug 17 2021
Malaysia, 1MDB seeking more than $5.6 billion in damages from KPMG partners

Malaysia, 1MDB seeking more than $5.6 billion in damages from KPMG partners

Audit firm KPMG on Friday denied the allegations and pledged to "vigorously" contest the suit.
Sat Jul 10 2021
1MDB, M'sian govt sue KPMG for US$5.6 billion

1MDB, M'sian govt sue KPMG for US$5.6 billion

The government of Malaysia, Minister of Finance Inc (MoF Inc), 1Malaysia Development Berhad (1MDB) and four of its subsidiaries have filed a suit against 44 partners of accounting firm KPMG.
Fri Jul 09 2021
MOF confirms legal action filed against KPMG partners

MOF confirms legal action filed against KPMG partners

The Ministry of Finance (MoF) has confirmed that a writ and statement of claim have been filed against 44 individual partners of Malaysian accounting firm KPMG PLT on July 6, 2021.
Fri Jul 09 2021
Serba Dinamik's shares fall 16 pct after directors' resignations

Serba Dinamik's shares fall 16 pct after directors' resignations

The directors resigned due to a difference of opinion on the company's legal action against its former external auditor, KPMG PLT.
Mon Jun 28 2021
Malaysia bourse wants independent review of oil firm's deals after auditor's red flags

Malaysia bourse wants independent review of oil firm's deals after auditor's red flags

Malaysian oil and gas service provider Serba Dinamik Holdings Bhd must appoint an independent reviewer to address issues.
Thu Jun 24 2021
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024