SNAPSHOT | Hassan: Fed govt bound by Constitution in state funding; PN to decide final members Monday

KINI SNAPSHOT | What’s going on in the news today, with updates at 11am, 2pm, and 6pm.

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2pm

State revenue

• Pasir Gudang MP Hassan Abdul Karim stressed that the government is guided by law and the Federal Constitution in all matters relating to the distribution of federal funds to states, including Johor.

  He cited Article 109(1) of the Federal Constitution, which requires the federal government to provide each state annually with a capitation grant.

  The PKR lawmaker also referred to Article 110(1), which states that each state is entitled to receive all revenues from taxes, fees and other income sources.

  Hassan (above) said that if any state government is dissatisfied with federal financial allocations, the issue can be referred to the National Finance Council, and under Article 108(4) the federal government is obliged to consult the Council regarding such grants.

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  READ MORE: Johor facing federal revenue drain, not leakages - regent

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Politics

• Perikatan Nasional will discuss matters relating to the coalition’s composition at a supreme council meeting tomorrow.

  Reiterating what PAS president Abdul Hadi Awang previously said, PN chairperson Ahmad Samsuri Mokhtar said the Islamist party has left it entirely to Bersatu to decide whether it wishes to remain in the coalition. 

  

  Samsuri, who is also a PAS vice-president, told reporters in Pahang that the final decision on the coalition’s membership would only be known after the meeting.

  On PN’s preparations for the Johor and Negeri Sembilan polls, he said the process of seat allocation has yet to be finalised.

  Reporting by NS Ramli

Energy transition

• Strong investor demand for Tenaga Nasional Bhd’s two Islamic bond issuances totalling RM2.5 billion suggested that Malaysia is well-positioned to lead energy transition financing in the region.

  The sukuk issuances, comprising RM1 billion for solar projects in May and RM1.5 billion for hydro projects in March, were both oversubscribed five times, Bernama reported TNB’s chief new energy officer Zarihi Hashim as saying. 

  

  He said the response reflects strong investor appetite for well-structured, bankable renewable energy assets backed by clear frameworks and credible counterparties, adding that similar momentum is being seen globally as capital flows into energy transition projects grow.

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COMMENT | Problem not 'dakwah' but inducements, misuse of public institutions

Johor facing federal revenue drain, not leakages - regent