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PUTRAJAYA: The Cabinet has agreed to close the Tabung Harapan Malaysia (THM) account on Dec 31, seven months after it was formed on May 30.

Finance Minister Lim Guan Eng announced this today, saying that the Auditor-General’s Department would audit the account to ensure that the management of THM had been done in an orderly manner and with integrity.

“The ministry will also appoint an external audit firm to audit the THM account, which is in line with Section 7 of the Audit Act 1957.

“This is being done because Tabung Harapan Malaysia involved fund contributed by the people to help in paying the RM1 trillion debt following the 1MDB (1Malaysia Development Bhd) scandal and the government is committed to remain transparent for every sen received,” he said in a statement.

As of today (Oct 29), the Tabung Harapan Malaysia, Lim said, had collected RM196,322,746.30.

He also expressed the ministry’s appreciation to the Yang di-Pertuan Agong Sultan Muhammad V for the King’s contribution to the fund.

The minister said the THM depicted the people’s patriotism spirit to play their part in helping to pay the said debt resulting from financial scandals.

“Since THM was formed, various levels of the

PUTRAJAYA, June 20 (Bernama) -- The new Selangor menteri besar, Amirudin Shari, paid a courtesy call on Prime Minister Tun Dr Mahathir Mohamad today at the latter's office in Perdana Putra.

Amirudin, who assumed duty today, arrived at about 2.30 pm and met with Dr Mahathir for about 40 minutes.

He told reporters afterward that Dr Mahathir congratulated him and gave some advice on the administration of Selangor.

"He (Dr Mahathir) also shared his views on the functions of the state government

KUALA LUMPUR - The aspirations of Malaysian youths for the country’s future into 2050 are now officially with the Prime Minister.

Youth and Sports Minister Khairy Jamaluddin handed over the 2050 National Transformation (TN50) Youth Canvas Report – containing a compilation of refined aspirations for the next phase of the country’s development – to Datuk Seri Najib Tun Razak before a gathering here last night.

It was the culmination of a year-long national discourse which kicked off on Jan 19

PETALING JAYA - BR1M payouts have been helpful to low-income groups, experts say.

“The aid is handy for eligible recipients who need the cash for short-term spending needs,” said Lee Heng Guie, executive director of the Associated Chinese Chambers of Commerce and Industry of Malaysia’s Socio-Economic Research Centre.

Studies had shown that consumer spending by low-income groups increased since BR1M was implemented, he said.

“Mostly, they use the cash to buy necessities – basic items,” he

KUALA LUMPUR - It is crucial for regional defence leaders to sit down and come up with an action plan to fight terror, said Defence Minister Datuk Seri Hishammuddin Hussein said.

“A united multi-state front would shatter any dreams of a utopian Islamic caliphate in the region.

“Together with my Indonesian and Philippine counterparts, we have addressed the growing threat of the Islamic State,” he said during his session at the Putrajaya Forum 2018 at Matrade here yesterday.

The event is held

PETALING JAYA - The Penang government can no longer deny that the procurement guidelines for the state’s mega project were not met by the special purpose vehicle (SPV), said Datuk Seri Dr Wee Ka Siong.

The MCA deputy president said with the revealing confirmation from the SPV of Consortium Zenith Construction Sdn Bhd (CZC), the state government is now compelled to provide an answer.

“The admission by the SPV that it did not meet the RM381mil minimum paid-up capital but will eventually reach

AFTER a year of discourse and gathering aspirations and ideas from the younger generation for the 2050 National Transformation (TN50), Youth and Sports Ministry is ready to present the final report to Prime Minister Datuk Seri Najib Tun Razak.

Since January last year, the ministry has engaged youths nationwide through dialogue sessions, workshops and online channels to listen to their aspirations and ideas for the future of the country.

The grassroots approach from bottom up is the

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