AUGUST 14 — As reported yesterday, Datuk Seri Wan Junaidi Tuanku Jaafar, minister in the Prime Minister’s Department (Parliament and Law) informed that the memorandum on the...
AUGUST 14 — As reported yesterday, Datuk Seri Wan Junaidi Tuanku Jaafar, minister in the Prime Minister’s Department informed that the memorandum on the proposed Political Funding Bill is expected to be presented at the Cabinet meeting to enable the bill to be tabled in the next sitting, in October.
Nevertheless, as of 2021, Malaysia ranked 62 out of 180 countries under the Corruption Perceptions Index . The drop in rank does reflect our corruption level in the country. In Malaysia, funding for elections or the budget relies on the flow of funds from businesses run by parties, in formal and informal revenue. It is a stage for open corruption, as the public knows so little about funding.
This can be done by amending the Societies Act 1966, and making it mandatory, which allows public disclosure of the financial report. This shows the accountability and transparency of the party.
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