KPMG to pay RM333m to Malaysian govt for 1MDB settlement — MoF

KUALA LUMPUR (Sept 16): KPMG Malaysia has agreed to pay a settlement of US$80 million (valued at RM333 million) to resolve all claims related to its fiduciary duties in auditing the accounts of 1Malaysia Development Bhd (1MDB) for the period of 2010 to 2012, the Ministry of Finance (MoF) announced today.

READ MORE

Govt stands ready to provide further fiscal support - Tengku Zafrul

KUALA LUMPUR (Sept 9): Finance Minister Tengku Datuk Seri Zafrul Aziz (pictured) today reiterated that the government stands ready to provide additional fiscal support should there be a need in order to preserve the well-being of the people and businesses as well as strengthen the country’s healthcare system, while minimising scarring to the wider economy.

READ MORE