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EV Development Must Go Hand In Hand With Infrastructure, Technology, And Talent - Johari

By Nur Afiradina Arshad

TANJONG MALIM, July 31 (Bernama) -- The electric vehicle industry’s development should not focus solely on vehicle sales but must be supported by a comprehensive ecosystem, said Minister of Investment, Trade and Industry Datuk Seri Johari Abdul Ghani.

Public Mutual Declares Over RM88 Mln In Distributions For Seven Funds

KUALA LUMPUR, July 31 (Bernama) -- Public Mutual, a wholly owned subsidiary of Public Bank Bhd, has declared distributions amounting to more than RM88 million for seven funds for the financial year ended July 31, 2026.

TH's RM10 Bln Loss Could Have Funded B40 Haj Pilgrims For Over 20 Years

By Nor Baizura Basri

KUALA LUMPUR, July 31 (Bernama) -- The RM10 billion loss incurred by Lembaga Tabung Haji (TH) could have funded haj subsidies for a larger number of muassasah pilgrims -- particularly those from the B40 group -- to perform the pilgrimage over a period of more than 20 years.

ITMAX Secures RM120 Mln Smart Street Lighting Contract From DBKL

KUALA LUMPUR, July 31 (Bernama) -- ITMAX System Bhd has secures a RM120 million contract from Kuala Lumpur City Hall (DBKL) for the supply, installation and maintenance of smart street light systems across Kuala Lumpur.

Bursa Malaysia Stays Positive At Midday, In Line With Most Regional Markets

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia stayed higher at midday, supported by buying activities, in tandem with the stronger performance across most regional markets.

Bursa Malaysia Opens Mixed Amid Wall Street Gains, Geopolitical Concerns

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia opened mixed on Friday as gains on Wall Street, driven by robust US corporate earnings and a rally in chip stocks, were tempered by lingering geopolitical concerns.

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.

LEAP Market-Listed MMIS Eyes Transfer To ACE Market 

KUALA LUMPUR, July 30 (Bernama) -- MMIS Bhd plans to transfer its listing from the LEAP Market to the ACE Market of Bursa Malaysia in an exercise that will entail a cash exit offer from five shareholders (joint offerors).

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.

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.