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Petronas Chemicals 2Q Net Profit At RM414 Mln Vs RM1.08 Bln Net Loss A Year Ago

KUALA LUMPUR, Aug 19 (Bernama) -- Petronas Chemicals Group Bhd's (PCG) net profit surged to RM414 million in the second quarter ended June 30, 2026 (2Q FY2026) from a net loss of RM1.08 billion in the same quarter a year earlier.

Rystad Energy To Launch AI-Native Spektra Platform Globally

KUALA LUMPUR, Aug 19 (Bernama) -- Rystad Energy will officially launch Spektra, its artificial intelligence (AI)-native market intelligence platform, at its Innovate online event on Aug 20, marking the platform's move to full commercial availability.

SC's Role Is Crucial In Overseeing TH Investments

By Nor Baizura Basri

KUALA LUMPUR, Aug 19 (Bernama) — The role of the Securities Commission Malaysia (SC) as it undertakes to oversee and assume a supervisory framework over the types of investments Lembaga Tabung Haji (TH) makes in line with its policy of balancing returns, protecting capital and ensuring sufficient liquidity to fulfil its haj mandate is crucial, an academic said.

Tabung Haji: Depositor Trust Comes First, Dividends Are Not Everything

By Norsyafawati Ab Wahab

KUALA LUMPUR, Aug 19 (Bernama) -- As depositors, Muslims should reaffirm their understanding of the fundamental principle behind the establishment of Lembaga Tabung Haji (TH), which was created to help Muslims manage their savings for the purpose of performing the Hajj, rather than treating dividend announcements as the primary measure of the institution’s performance.

Automotive Sales Up Five Pct To 73,615 Units In July 2026

KUALA LUMPUR, Aug 18 (Bernama) -- Malaysia’s automotive total industry volume (TIV) increased five per cent year-on-year (y-o-y) to 73,615 units in July 2026 from 70,057 units in the same month last year, mainly attributed to the rise in monthly production volume and pick-up sales. 

Malaysia Must Capture More Domestic Value From Global Trade Reconfiguration - McKinsey

KUALA LUMPUR, Aug 18 (Bernama) -- Malaysia needs to capture more domestic value from the ongoing reconfiguration of global trade and technological change, with the country’s next phase of growth dependent on stronger local capabilities, globally competitive companies and the ability to move up the value chain. 

Budget 2027 To Focus On Economic Resilience, Protecting People's Well-being -- Amir Hamzah

PUTRAJAYA, Aug 18 (Bernama) -- Budget 2027 will continue to focus on efforts to strengthen the nation’s economic resilience, protect the people’s well-being and implement measures to enhance fiscal sustainability, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Chances Of Tabung Haji Recovering Full Al-Rawda Arbitration Award Balance Low - Expert

KUALA LUMPUR, Aug 18 (Bernama) -- The chances of Lembaga Tabung Haji (TH) recovering the entire outstanding 899 million Saudi riyal (1 Saudi riyal=RM1.09) arbitration award from Al-Rawda Real Estates Development & Project Management Co Ltd are slim, said an expert.

Penang Eyes Becoming Leading ASEAN Semiconductor Design Hub By 2040

GEORGE TOWN, Aug 16 (Bernama) -- Penang plans to shift from its current dominance in assembly and testing activities towards high-value upstream activities such as chip design, system architecture and prototype development, in a bid to become a leading semiconductor design hub in ASEAN by 2040.

Advice To Tabung Haji Part Of BNM’s Financial Stability Mandate

By Karina Imran & Danni Haizal Danial Donald

KUALA LUMPUR, Aug 15 (Bernama) -- Bank Negara Malaysia (BNM) emphasised that the advice it provided to the Lembaga Tabung Haji (TH) was part of its financial stability mandate under the Central Bank of Malaysia Act 2009.

PKNS, Hextar To Develop RM3.8 Billion Township In Siera Alam

SHAH ALAM, Aug 14 (Bernama) -- Hextar Global Bhd through its 70 per cent indirectly owned subsidiary Hextar Landmark Sdn Bhd has partnered with Perbadanan Kemajuan Negeri Selangor (PKNS) to develop an integrated mixed-use development with an estimated gross development value (GDV) of RM3.8 billion in Siera Alam, Shah Alam.

Sarawak Moves Towards Becoming Home To Southeast Asia's Regenerative Medicine Hub

KUCHING, Aug 14 (Bernama) -- Sarawak is taking steps to strengthen its position in the biotechnology and healthcare sectors through a proposed RM50 million investment to develop the Sarawak Regenerative BioFoundry at the Sarawak Bio-Industrial Park.