RCI: Tabung Haji Should Not Have Declared RM2.75 Bln 2017 Hibah

KUALA LUMPUR, July 30 (Bernama) -- The Royal Commission of Inquiry (RCI) on Lembaga Tabung Haji (TH) said the Islamic pilgrimage fund should not have declared a 4.50 per cent annual profit distribution (hibah) and a 1.75 per cent hajj hibah, totalling RM2.75 billion, for the 2017 financial year.

Air Selangor Prices World’s First Blue Sukuk At RM200 Mln

KUALA LUMPUR, July 29 (Bernama) -- Pengurusan Air Selangor Sdn Bhd has successfully priced the world’s first blue sukuk and Malaysia’s first blue bond/sukuk issuance, with a nominal value of RM200 million.

BNM Plans To Set Up Governance Framework To Keep MediAsas Sustainable And Affordable

KUALA LUMPUR, July 29 (Bernama) – Bank Negara Malaysia (BNM) plans to set up a governance framework to ensure that MediAsas, Malaysia’s base medical and health insurance and takaful (MHIT) product, remains affordable and sustainable over the long term amid rising healthcare costs.

Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

By Zufazlin Baharuddin

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session.

Ringgit Edges Higher Against US Dollar As Investors Await FOMC Outcome

By Abdul Hamid A Rahman

KUALA LUMPUR, July 29 (Bernama) -- The ringgit closed marginally higher against the US dollar on Wednesday as investors remained on the sidelines ahead of the outcome of the United States Federal Open Market Committee’s (FOMC) meeting.

BNM Imposes Administrative Monetary Penalties On Pacific Insurance, Wang S Enterprise

KUALA LUMPUR, July 29 (Bernama) -- Bank Negara Malaysia (BNM) has imposed administrative monetary penalties on The Pacific Insurance Bhd (TPIB) for breaching a requirement under the Financial Services Act 2013 and on Wang S Enterprise Sdn Bhd for non-compliance with the Money Services Business Act 2011.

Gelam Tree And The Malaysian Economy

By M.Saraswathi

KUALA LUMPUR, July 29 (Bernama) -- Bank Negara Malaysia's annual Sasana Symposium took on a refreshingly different tone this year, with Governor Datuk Seri Abdul Rasheed Ghaffour departing from convention in his central bank address.

Kenanga IB Maintains 2026 Producer Price Index Forecast At 3.7 Pct

KUALA LUMPUR, July 29 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) has maintained its 2026 Producer Price Index (PPI) forecast at 3.7 per cent (2025: -2.0 per cent) as upstream inflation is expected to moderate gradually.

Bursa Malaysia's Key Index Slightly Higher At Midday

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia’s key index was slightly higher at midday, with buying interspersed with selling in selected heavyweights amid a mostly weaker regional performance.

CIMB Islamic Bank Named World's Best Islamic Bank At Euromoney Awards 2026

KUALA LUMPUR, July 29 (Bernama) -- CIMB Islamic Bank Bhd was named the World's Best Islamic Bank at the Euromoney Islamic Finance Awards 2026, becoming the first Malaysian bank to receive the prestigious global accolade since its inception.

Nestle Malaysia Share Price Soars Following Higher 2Q Result

KUALA LUMPUR, July 29 (Bernama) -- Nestlé (Malaysia) Bhd’s share price rose after its net profit for the second quarter of the financial year ending Dec 31, 2026 (2Q 2026) rose to RM155.01 million from RM112.11 million a year earlier.

Bursa Malaysia Opens Higher, Showing Resilience Despite Global Tech Rout

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia opened higher today showing resilience despite the global tech rout amid mixed Wall Street performance.