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Diesel Subsidy Savings Channelled Back Into Targeted Assistance Programmes - MOF

KUALA LUMPUR, July 23 (Bernama) -- Savings generated from the targeted diesel subsidy mechanism are not being retained solely as a fiscal surplus, but are instead utilised to strengthen targeted assistance programmes, according to the Ministry of Finance (MOF).

Strengthening Of Ringgit Reflects Strong Economic Fundamentals

KUALA LUMPUR, July 23 (Bernama) -- The strengthening of the ringgit to RM4.0905 on July 20, 2026, reflects strong economic fundamentals, supported by resilient export performance and a sustained trade surplus, according to the Ministry of Economy.

MBSB Group Divests 100 Pct Stake In MIDF Amanah Asset Management

KUALA LUMPUR, July 23 (Bernama) -- MBSB Bhd via its wholly owned subsidiary Malaysian Industrial Development Finance Bhd has divested its 100 per cent equity interest in MIDF Amanah Asset Management Bhd (MAAM) to Tortoise Works Sdn Bhd.

AirBorneo Sees Strong Demand For Its First International Route From Kuching To Singapore 

SINGAPORE, July 23 (Bernama) -- Sarawak state-owned airline AirBorneo Airways expects strong demand for its newly launched first international route between Kuching and Singapore, following the inaugural flight on July 22.

AME REIT To Acquire RM50.2 Mln Johor Industrial Land In Maiden Third-party Deal

KUALA LUMPUR, July 23 (Bernama) -- AME Real Estate Investment Trust (AME REIT) is acquiring three parcels of vacant freehold industrial land measuring a combined 3.59 hectares at i-Park @ Senai Airport City, Johor, for RM50.2 million, marking its first third-party acquisition since its listing.

Westports Net Profit Rises To RM360.90 Mln In 2Q 2026, Declares 2.99 Sen Interim Dividend

KUALA LUMPUR, July 23 (Bernama) -- Westports Holdings Bhd’s net profit for the second quarter ended June 30, 2026 (2Q 2026) rose to RM360.90 million from RM231.63 million in the same quarter a year ago. 

SC, Hong Kong SFC Ink MoU To Facilitate Dual IPO Listings, Cross-border Investments

KUALA LUMPUR, July 23 (Bernama) -- The Securities Commission Malaysia (SC) and the Securities and Futures Commission of Hong Kong (SFC) today signed a memorandum of understanding (MoU) to establish a practical framework to facilitate dual initial public offering (IPO) listings, including primary and secondary listings, mutual recognition of investment funds, and expanded cross-border investment opportunities.

Bursa Malaysia Edges Higher At Mid-day Amid Firmer Crude Oil Prices

KUALA LUMPUR, July 23 (Bernama) -- Bursa Malaysia closed marginally higher at mid-day in subdued market sentiment, with buying interspersed with selling in selected heavyweight stocks, tracking gains in regional markets amid surging crude oil prices.

Govt To Begin Formulating Budget 2027; Tabling Set For October - PM Anwar

KUALA LUMPUR, July 26 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the government will begin formulating Budget 2027 next month in preparation for its tabling in early October.

Trinity Group, Hamilton Reserve Bank Facilitate Nevis IBC Formation, Banking Access

KUALA LUMPUR, July 23 (Bernama) -- Trinity Group has collaborated with Hamilton Reserve Bank to support international entrepreneurs and businesses seeking to establish a Nevis International Business Company (IBC), offering a streamlined pathway from company formation to international banking.

Accertify Study Links Fraud-Cyber Convergence To Better Business Outcomes

KUALA LUMPUR, July 23 (Bernama) -- Accertify, a fraud decisioning provider, has found that fraud-cyber convergence leads to better business outcomes, according to a proprietary study conducted in partnership with Liminal.

Maybank, CGIF Ink MoU To Strengthen ASEAN+3 Local Currency Capital Markets

KUALA LUMPUR, July 23 (Bernama) -- Maybank and Credit Guarantee and Investment Facility (CGIF) have signed a memorandum of understanding (MoU) to strengthen and deepen local currency capital markets in ASEAN+3 markets (Southeast Asia, China, Japan and South Korea).