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‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability

A Malaysian ruler has demanded accountability over the mismanagement of a pilgrimage fund, where a government rescue, criminal proceedings against former officials and half-hearted reforms have fuelled concerns over political influence in an institution entrusted with the savings of millions of Muslims in the country. Tabung Haji holds the savings of more than 9.8 million depositors and helps…

‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability

We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.

Read the original at scmp.com →

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India's Stock Market Feels the Heat From High Oil Prices

The latest jump in oil prices has disturbed Indian equities, with both major indices starting the week with losses and 12 out of India’s 16 sectors booking losses, Reuters reported earlier in the day.

  • India's stock market declines as oil prices surge past $114 per barrel
  • Brent crude oil prices lead to pessimistic outlook for investors
  • Russia becomes primary crude oil supplier to India in September

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