LTAT clarifies losses in A-G’s Report

PETALING JAYA: The negative reserve highlighted in the Auditor-General's Report for 2022 is only one facet, says the Armed Forces Fund Board (LTAT). It said that its combined reserves are made up of three components which reflect the board's stability in combination; retained earnings, reserve fund and the OCI reserve ALSO READ: LTAT to face PAC over huge...

Subsidiaries under five federal agencies lost almost RM2bil in 2022

PETALING JAYA: Almost half of the 123 subsidiary companies under five federal agencies lost almost RM2bil in 2022, according to the Auditor-General’s Report on Federal Agencies 2022. The five agencies were Employees Provident Fund (EPF), Armed Forces Fund Board (LTAT), Federal Land Development Authority (Felda), Retirement Fund Inc (KWAP) and Lembaga Tabung Haji (LTH). These five federal...