The CMA: Compensation for Investors Affected by Violations Committed in the Shares of 'Watani Iron Steel Co.'
The compensations were deposited into the accounts of the affected investors through the Compensation Fund, which was established pursuant to a resolution of the CMA's Board to compensate affected parties in accordance with the distribution plan approved by the CRSD. This facilitates the compensation process and ensures that entitlements are delivered to their rightful owners with minimal effort.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
24 minutes ago
- Barnama
SK Durian Hijau Headmaster Dies In Road Accident
KUANTAN, July 29 (Bernama) -- The headmaster of Sekolah Kebangsaan (SK) Durian Hijau in Jerantut was killed today when his car skidded off the road and crashed near SK Guai in Bera. Bera police chief Supt Zulkiflee Nazir said Mohd Sabri Bakar, 59, from Temerloh, was driving a Proton Preve to his brother's house in Kampung Guai when he reportedly lost control of the vehicle at about 6.30 pm. He died at the scene. 'Members of the public pulled the victim out before the car caught fire and was 80 per cent destroyed,' he said, adding that the case is being investigated under Section 41(1) of the Road Transport Act 1987.
Barnama
37 minutes ago
- Barnama
Malaysia's Real GDP Growth Forecast Raised To 4.5 Pct In 2025, 4.0 Pct In 2026 -- IMF
BUSINESS KUALA LUMPUR, July 29 (Bernama) -- The International Monetary Fund (IMF) has raised its forecast for Malaysia's real gross domestic product (GDP) growth to 4.5 per cent in 2025 and 4.0 per cent in 2026. In its July 2025 World Economic Outlook (WEO) update released today, titled 'Global Economy: Tenuous Resilience amid Persistent Uncertainty', the IMF said the forecast for 2025 is 0.4 percentage point higher than in the reference forecast of the April 2025 WEO and 0.2 percentage point higher for 2026. Meanwhile, the IMF said that in the emerging market and developing economies, growth is expected to be 4.1 per cent in 2025 and 4.0 per cent in 2026. 'Relative to the forecast in April, growth in 2025 for China is revised upward by 0.8 percentage point to 4.8 per cent. This revision reflects stronger-than-expected activity in the first half of 2025 and the significant reduction in US-China tariffs,' it said. Additionally, it said China's growth in 2026 is also revised upward by 0.2 percentage point to 4.2 per cent, again reflecting the lower effective tariff rates. 'In India, growth is projected to be 6.4 per cent in 2025 and 2026, with both numbers revised slightly upward, reflecting a more benign external environment than assumed in the April reference forecast,' it said. The IMF highlighted that despite global uncertainties, countries should reduce policy-induced uncertainty by promoting clear and transparent trade frameworks. 'Pragmatic cooperation is paramount in instances in which some rules of the international trading system, in their current form, may not be functioning as intended. 'This entails the pursuit of multilateral initiatives on the global commons and modernising trade rules where feasible, while seeking plurilateral or regional solutions on other matters,' it said.
Free Malaysia Today
37 minutes ago
- Free Malaysia Today
Federal debt at RM1.3tril as of end-June
Deputy finance minister Lim Hui Ying said the government remains committed to achieving a fiscal deficit target of below 3% of the GDP, and keeping the debt-to-GDP ratio under 60% in the medium-term. (Bernama pic) KUALA LUMPUR : Malaysia's federal debt rose to RM1.3 trillion at the end of June, largely driven by continued fiscal deficits to fund public development spending, says deputy finance minister Lim Hui Ying. Speaking in the Dewan Rakyat today, Lim said the increase from RM1.25 trillion at the end of last year was to support strategic development expenditure, including infrastructure, education, healthcare, and social protection programmes. She said the fiscal deficit reduced from 5.5% of the gross domestic product (GDP) in 2022 to 4.1% last year, and is projected to fall further to 3.8% in 2025. Debt growth is also slowing, from 10.2% in 2022 to 6.4% in 2024, with a further drop to around 6% projected for 2025. 'This is in line with the government's commitment to achieving a fiscal deficit target of below 3% of GDP, and keeping the debt-to-GDP ratio under 60% in the medium-term, as provided under the Public Finance and Fiscal Responsibility Act,' Lim said in response to a question from Ngeh Koo Ham (PH-Beruas) during an oral question-and-answer session. Lim also outlined several control measures to curb debt growth, including broadening revenue base, rationalising subsidies, and enforcing strict guidelines for government guarantees and public-private partnerships. She said future borrowings would also be limited to high-impact development projects, while government guarantees would be capped at 25% of the GDP under the Public Finance and Fiscal Responsibility Act. To strengthen governance, enhance accountability, and improve institutional efficiency, the government is in the process of drafting the Government Procurement Bill and another bill to regulate state-owned enterprises, she added. BMI, a Fitch Solutions company, previously reported that Malaysia would likely miss its fiscal deficit target this year, as spending was seen exceeding projections and revenue might fall. Separately, Lim said household debt in Malaysia stood at RM1.65 trillion as at the end of March 2025, or 84.3% of the GDP. She said this should be viewed in the context of household financial assets remaining significantly higher than the total debt, indicating that the public's overall financial position remained strong. 'On aggregate, household financial assets continue to exceed debt by 2.1 times, providing a solid buffer for households,' she said in response to Awang Hashim (PN-Pendang), who inquired about the debt-to-GDP ratio. She added that the government and Bank Negara Malaysia remained committed to assisting credit users who faced financial difficulties.
