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.

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.

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.

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.

Malaysia Affected By Strait Of Hormuz Issue, But Not As Severely As Countries Without Oil & Gas - Johari

IPOH, Aug 20 (Bernama) -- Malaysia has also been affected by the crisis and disruptions to the energy sector related to the dispute over the Strait of Hormuz, however, the impact will not be as severe as in countries that have no oil and gas resources.  

Govt Will Not Consider Core GST Principle, Open To Adjusting SST -- PM Anwar

KUALA LUMPUR, Aug 20 (Bernama) -- The government will not consider the basic principle of the Goods and Services Tax (GST) as a broad-based tax, while remaining open to making adjustments to improve the implementation of the Sales and Service Tax (SST), Prime Minister Datuk Seri Anwar Ibrahim said.

Malaysia Seeks REE Investors To Share Technology, Develop Full Supply Chain - Johari

IPOH, Aug 20 (Bernama) -- Malaysia wants investors exploring rare earth element (REE) opportunities in the country to bring and share their technology and participate directly across the entire supply chain, from upstream to downstream activities.

Co-opbank Pertama Issues Inaugural RM500 Mln Structured Covered Sukuk

KUALA LUMPUR, Aug 20 (Bernama) -- Co-opbank Pertama Bhd (CBP) has completed the inaugural issuance of RM500 million in Structured Covered Sukuk Wakalah through its special purpose vehicle, Himayah Sukuk Bhd.

Ministry Of Finance To Study Proposed Hybrid GST-SST Tax System

PUTRAJAYA,  Aug 19 (Bernama) --  The Ministry of Finance will be given time to conduct a comprehensive study on the government’s proposal to combine elements of the Goods and Services Tax (GST) with the Sales and Services Tax (SST), said MADANI Government spokesperson Datuk Seri Fahmi Fadzil.

TH Plantations Records Net Profit Of RM5.78 Mln In 2Q 2026

KUALA LUMPUR, Aug 19 (Bernama) -- TH Plantations Bhd (THP) registered a net profit of RM5.78 million for the second quarter ended June 30, 2026 (2Q 2026) compared with RM11.78 million in 2Q 2025.