Tabung Haji's Loss of Almost RM13 Billion Is Not Due to Stock Market Decline At All
THE RCI ON TABUNG HAJI Finance Minister II Datuk Seri Amir Hamzah Azizan wound up the debate on the Special Sitting of the Dewan Rakyat regarding the Royal Commission of Inquiry (RCI) Report on Lembaga Tabung Haji at the Parliament Building, yesterday. BERNAMA Picture Malaysia's official news agency BERNAMA reported today that claims of Tabung Haji (TH) suffering losses due to a stock market decline were mere accusations, as the stock market was at a solid level and reached a high in 2018, with the stock drop that year being only around six percent. However, Finance Minister II Datuk Seri Amir Hamzah Azizan said the value of TH's shareholdings at that time shrank significantly compared to the stock market's performance. He said this during the winding-up session of the special briefing in the Dewan Rakyat regarding the RCI report related to TH, presented by the Minister in the Prime Minister's Department (Religious Affairs) Dr Zulkifli Hasan in the Dewan Rakyat yeste...