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PM Orders Probe Into Khazanah Subsidiary, Seeks To Uncover Potential Financial Irregularities

KLANG, Aug 20 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has ordered a comprehensive investigation into Xeraya Capital, a wholly owned subsidiary of Khazanah Nasional Bhd, to identify any potential financial irregularities.

Ringgit Stays Bullish Vs US Dollar At Close As US Debt Weighs On Greenback

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 20 (Bernama) -- The ringgit continued its bullish momentum to close higher against the US dollar on Thursday, as the US national debt, which surpassed US$40 trillion for the first time, weighed on the greenback.

Telekom Malaysia Posts Net Profit Of RM365.48 Mln In 2Q, Declares 7.0 Sen Dividend

KUALA LUMPUR, Aug 20 (Bernama) -- Telekom Malaysia Bhd (TM) posted a lower net profit of RM365.48 million for the second quarter ended June 30, 2026 (2Q 2026), compared with RM402.97 million in the corresponding quarter last year.

Labuan Waterfront To Unlock Potential, Drive Island’s Future Growth

LABUAN, Aug 20 (Bernama) -- Labuan Corporation is seeking the proposed Labuan waterfront development to be included as a key agenda under the 13th Malaysia Plan (13MP) to unlock the duty-free island’s untapped potential.

BizMatch Mega PKNS 2026 Strengthens Selangor Entrepreneurs' Ecosystem

SHAH ALAM, Aug 20 (Bernama) -- The Selangor State Development Corporation (PKNS) continues to strengthen the state's entrepreneurship ecosystem through BizMatch Mega PKNS 2026, which brought together about 1,200 entrepreneurs at the Selangor International Trade Centre (SITC) today.

Khazanah Reaffirms Progress And Governance At 3Q 2026 Board Meeting

KUALA LUMPUR, Aug 20 (Bernama) -- Khazanah Nasional Bhd held its third Board of Directors meeting for 2026, chaired by Prime Minister Datuk Seri Anwar Ibrahim, today.

Economist Backs Hybrid SST, Calls For Input Tax Credit Mechanism

By K. Naveen Prabu

KUALA LUMPUR, Aug 20 (Bernama) -- An economist has backed the proposal for a hybrid sales and service tax (SST) system, saying the mechanism should incorporate input tax credits to reduce tax cascading.

KL Rubber Market Ends Mixed

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 20 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Thursday, supported by gains in regional rubber futures markets, while concerns over developments in West Asia capped further upside, a dealer said.

Takaful Malaysia 2Q Net Profit Rises To RM88.83 Mln

KUALA LUMPUR, Aug 20 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) posted a higher net profit of RM88.83 million in the second quarter of 2026 (Q2 2026), up from RM83.82 million a year earlier, while revenue rose to RM1.16 billion from RM1.01 billion.

Japan Maritime Daily To Host Singapore Seminar On Emerging Transport Demands

KUALA LUMPUR, Aug 20 (Bernama) -- The Japan Maritime Daily (JMD), Japan’s leading maritime newspaper, will host an international seminar in Singapore on Oct 5, focusing on “Emerging Transport Demands”.

Toshiba Adds 80V Electronic Fuse For Industrial Power Protection

KUALA LUMPUR, Aug 20 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has added “TCKE1401NM”, an 80-volt (V)-rated electronic fuse (eFuse IC), to its lineup of eFuse ICs with multiple built-in power line protection functions.

Malaysia To Review New Investment Applicants To Ensure Domestic Economy Benefits -- Anwar

KUALA LUMPUR, Aug 20 (Bernama) -- Malaysia will review new investment applicants to ensure their activities generate employment and economic benefits for the country, said Prime Minister Datuk Seri Anwar Ibrahim.