Economy

TH's RM10 Bln Loss Could Have Funded B40 Haj Pilgrims For Over 20 Years

By Nor Baizura Basri

KUALA LUMPUR, July 31 (Bernama) -- The RM10 billion loss incurred by Lembaga Tabung Haji (TH) could have funded haj subsidies for a larger number of muassasah pilgrims -- particularly those from the B40 group -- to perform the pilgrimage over a period of more than 20 years.

Foreign Investments Must Bring Benefits, Address The Shrinking Trade Surplus

By Nur Afiradina Arshad

TANJONG MALIM, July 31 (Bernama) – Foreign investments brought into Malaysia must deliver tangible benefits to the national economy, including helping to strengthen the trade surplus, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.

Riyadh Air Sees Strong Demand For Kuala Lumpur Route, Eyes Daily Flights

SEPANG, July 31 (Bernama) -- Riyadh Air has identified Kuala Lumpur as its first Southeast Asian destination on the back of strong travel demand between Malaysia and Saudi Arabia, with plans to increase its current three-times-weekly service to daily flights, its chief commercial officer Vincent Coste said.

Govt Shifts Focus To Scaling Up MSMEs After Resilient 2025

KUALA LUMPUR, July 31 (Bernama) -- Malaysia's micro, small and medium enterprise (MSME) sector remains resilient as the sector's gross domestic product (GDP) grew by 5.7 per cent to almost RM690 billion in 2025.

PAAB Raises RM720 Mln Blue Sukuk For Water Infrastructure

KUALA LUMPUR, July 31 (Bernama) -- Pengurusan Aset Air Bhd (PAAB) has completed the issuance of RM720 million of blue sukuk through Pengurusan Air SPV Bhd under its existing RM2 billion Islamic Commercial Papers Programme.

Lantronix, Swarmer Partner On AI Drone Compute Platform

KUALA LUMPUR, July 31 (Bernama) -- Lantronix Inc has partnered with drone autonomy software developer Swarmer Inc to develop a customised compute platform for Group 1 unmanned aerial systems (UAS), supporting the deployment of first-person view (FPV) and other small drones for defence programmes in Ukraine, the United States (US) and allied nations.

Malaysia Airlines Reserves Comment, Cooperates With Indonesian Authorities Over Pilot's Alleged Drug Offence

By Kisho Kumari Sucedaram

KUALA LUMPUR, July 31 (Bernama) -- Malaysia Airlines reserves its comment on its pilot being caught for a narcotics-related offence by the Indonesian authorities but noted that the airline takes such allegations seriously.

BNM: Malaysia's International Reserves Assets At US$132.56 Bln As Of End-June

KUALA LUMPUR, July 31 (Bernama) -- Malaysia’s international reserve assets amounted to US$132.56 billion (US$1= RM4.08), while other foreign currency assets stood at US$1.54 billion as of end-June 2026, said Bank Negara Malaysia (BNM).

Mary Kay Reports Progress On 2030 Sustainability Goals

KUALA LUMPUR, July 31 (Bernama) -- Mary Kay Inc has released its 2026 Sustainability Report, highlighting progress towards its 2030 goals and key achievements in environmental, social and economic initiatives in 2025.

Univar Solutions Honours Top Transportation Partners

KUALA LUMPUR, July 31 (Bernama) -- Univar Solutions LLC (Univar Solutions) has recognised outstanding transportation providers across North America through its annual Carrier Awards, honouring companies for excellence in safety, service and supply chain performance.

AICB, ICC Academy Launch Certified Trade Finance Qualification To Strengthen Malaysia’s Talent Pipeline

KUALA LUMPUR, July 31 (Bernama) -- The Asian Institute of Chartered Bankers (AICB) in collaboration with the International Chamber of Commerce (ICC) Academy has officially launched the Certified Trade Finance Professional (CTFP) programme in Malaysia, expanding access to an internationally recognised qualification for professionals supporting cross-border trade.

Malaysia Tourism Sector To Rev up For F1 Bahrain GP

KUALA LUMPUR, July 31 (Bernama) -- Malaysia’s tourist arrivals are expected to shift into high gear with the arrival of Formula One (F1) racing fans from all across the globe to attend the F1 Gulf Air Bahrain Grand Prix 2026 (Bahrain GP), to be held at the Sepang International Circuit (SIC) on Oct 2-4.