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Riyadh Air Sees Strong Demand For Kuala Lumpur Route, Eyes Daily Flights

SEPANG, July 31 (Bernama) -- Riyadh Air has identified Kuala Lumpur as its first Southeast Asian destination on the back of strong travel demand between Malaysia and Saudi Arabia, with plans to increase its current three-times-weekly service to daily flights, its chief commercial officer Vincent Coste said.

PAAB Raises RM720 Mln Blue Sukuk For Water Infrastructure

KUALA LUMPUR, July 31 (Bernama) -- Pengurusan Aset Air Bhd (PAAB) has completed the issuance of RM720 million of blue sukuk through Pengurusan Air SPV Bhd under its existing RM2 billion Islamic Commercial Papers Programme.

Lantronix, Swarmer Partner On AI Drone Compute Platform

KUALA LUMPUR, July 31 (Bernama) -- Lantronix Inc has partnered with drone autonomy software developer Swarmer Inc to develop a customised compute platform for Group 1 unmanned aerial systems (UAS), supporting the deployment of first-person view (FPV) and other small drones for defence programmes in Ukraine, the United States (US) and allied nations.

TH Says Nearly RM10 Bln In Asset Sales Aided Recovery, RM2.6 Bln Lossses Later Addressed

KUALA LUMPUR, July 31 (Bernama) -- The Lembaga Tabung Haji (TH) Recovery and Restructuring Plan has successfully addressed RM12.6 billion in investment losses, with RM10 billion resolved under the 2018 recovery plan and the remaining RM2.6 billion recognised progressively through the end of 2025.

2018 Tabung Haji Bailout Averted Massive Deposit Withdrawal, Financial Market Crisis

KUALA LUMPUR, July 31 (Bernama) -- Lembaga Tabung Haji (TH) has described the recovery and restructuring plan implemented in 2018 as a necessary financial bailout to prevent the institution from becoming insolvent, saying that TH would have otherwise faced the risk of a massive deposit withdrawal that could trigger a financial market crisis and undermine the country's economic stability.

PETRA Monitors New Interconnection Projects, Including Sarawak-Peninsular Malaysia

KUALA LUMPUR, July 30 (Bernama) -- The Ministry of Energy Transition and Water Transformation (PETRA) is monitoring the implementation of several new interconnection projects, including the Sarawak-Peninsular Malaysia interconnection project with a capacity of up to 1,000MW.

Bursa Malaysia To Unveil 2027-2030 Strategic Roadmap In Fourth Quarter

KUALA LUMPUR, July 30 (Bernama) — Bursa Malaysia Bhd is set to unveil its strategic roadmap for 2027-2030 in the fourth quarter of this year (4Q 2026), outlining initiatives to accelerate market growth, diversify revenue streams and strengthen the exchange’s long-term competitiveness.

Bursa Malaysia Mulling Incentives To Boost MyValue Up Programme Participation

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia is considering incentives to encourage greater participation in its MyValue Up programme as part of efforts to strengthen long-term value creation among listed companies.

Parliament To Hold Special Sitting On TH RCI Report Aug 11 -- Anwar

KUALA LUMPUR, July 30 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said a special parliamentary sitting to debate the findings of the Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH) will be held on Aug 11.

Bursa Malaysia Sees One Or Two Large IPOs In 2H After Raising Market Cap Target

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia Bhd expects one or two large initial public offerings (IPOs) in the second half of 2026 (2H 2026) after raising its full-year IPO market capitalisation target to RM34 billion, supported by a strong listing pipeline.

MICCI Calls On Members To Intensify Investment In Talent And Innovation To Remain Competitive

GEORGE TOWN, July 30 (Bernama) -- The Malaysian International Chamber of Commerce and Industry (MICCI) has called on its members to invest more in talent development and innovation to ensure their businesses remain competitive as artificial intelligence (AI), automation and digitalisation continue to transform industries and reshape the future of work.

Anwar Says Tabung Haji Back On Strong Footing

KUALA LUMPUR, July 30 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Lembaga Tabung Haji (TH) had been successfully restored after problems arising from past negligence and mismanagement were detected early.