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Bank Negara Malaysia sent five warning letters to Tabung Haji leadership regarding dangerous gaps between assets and liabilities, but the institution's management ignored them, a minister revealed in Parliament.
Australia's Treasury department is considering breaking up the Big Four accounting firms and tightening regulatory oversight following high-profile misconduct scandals that have eroded public trust in the sector.
Malaysia's Competition Commission has found no evidence of anti-competitive practices in the housing market, Deputy Domestic Trade and Cost of Living Minister Datuk Dr Fuziah Salleh told parliament. House prices have remained stable with moderate growth.