SD Guthrie 2Q Net Profit Rises To RM987 Mln

KUALA LUMPUR, Aug 11 (Bernama) -- SD Guthrie Bhd’s (Guthrie) net profit for the second quarter of 2026 (2Q 2026) ended June 30 jumped to RM987 million from RM505 million in 2Q 2025.

TH Impairment Policy Changed Twice In A Day For 2017 Profit Levels

KUALA LUMPUR, Aug 11 (Bernama) – The impairment policy of Lembaga Tabung Haji (TH) was changed from 70 per cent to 85 per cent and then 90 per cent within one day for financial year 2017, thus allowing the year's profits to be increased for the payment of profit distributions, according to the Royal Commission of Inquiry (RCI) Report.

​​​​​​​BNM Issued 5 Warnings On TH's Financial Standing - Zulkifli

KUALA LUMPUR, Aug 11 (Bernama) -- Bank Negara Malaysia (BNM) had issued five warning letters to the Tabung Haji (TH) chairman and the Minister of Religious Affairs regarding the gap between TH's assets and liabilities.

Government Bails Out TH With Over RM10 Bln To Restore Finances, Not Sell Assets

KUALA LUMPUR, Aug 11 (Bernama) -- The government rescued Lembaga Tabung Haji (TH) through a bailout exceeding RM10 billion due to mismanagement and embezzlement, to restore its financial position and not to take over the institution's assets, the Dewan Rakyat was informed today.

Govt Faced RM74.5 Bln Liability Risk If ‘Bank Run’ Occurred In 2018

KUALA LUMPUR, Aug 11 (Bernama) -- The government risked assuming liabilities of about RM74.5 billion if a massive panic withdrawal, or “bank run”, had occurred in 2018, said Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan.

Sheng Long Invests RM140 Mln To Build Its First Aquaculture Food Factory In Taiping - Exco

 IPOH, Aug 10 (Bernama) -- Agriculture and livestock-related company Sheng Long Aqua Technology (M) Sdn Bhd has invested RM140 million to build a new factory in Kamunting, Taiping.

AM Best: Record Reinsurance Capital Tests Underwriting Discipline 

KUALA LUMPUR, Aug 10 (Bernama) -- Global reinsurers are facing increased pressure on pricing as strong earnings since 2023 have driven capital to record levels, raising questions over whether underwriting discipline can be maintained amid growing competition, according to a new report by AM Best.

Bursa Malaysia Stays Lower At Midday Amid Profit-Taking

KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia remained lower at midday, amid profit-taking in plantation, utilities and industrial product sectors.

CPO Futures To Trade With Profit-taking Bias Next Week

KUALA LUMPUR, Aug 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade with a profit-taking bias next week as the war between the United States (US) and Iran appears to be cooling.

Bursa Malaysia Seen Trading With An Upward Bias Next Week

KUALA LUMPUR, Aug 8 (Bernama) -- Bursa Malaysia is expected to trade with an upward bias as investors continue to assess external geopolitical developments and resilient domestic economic conditions, said an analyst. 

CPO Futures End Mixed Ahead Of MPOB July Report

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 7 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mixed on Friday as traders locked in profits ahead of the weekend and the release of the Malaysian Palm Oil Board’s (MPOB) July supply and demand report on August 10.

Nuenergy Secures RM44.5 Mln Data Centre-related Job In Johor

KUALA LUMPUR, Aug 7 (Bernama) -- Nuenergy Holdings Bhd (NHB) has accepted a letter of award (LoA) worth RM44.5 million from a construction and engineering company in China to undertake mechanical, electrical and plumbing works for the development of a consumer landing station building for a data centre in Johor.