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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.

IHH Healthcare Aims To Nearly Double Hospital Beds In India To 10,000 By 2031

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 16 (Bernama) --  Private healthcare provider IHH Healthcare Bhd. plans to nearly double its operational hospital beds in India to about 10,000 by 2031 from around 6,100 currently, with an estimated investment of about US$250,000 (US$1=RM4.08) per bed.

Institutional Maturity, Policy Consistency Pillars Of Economic Resilience

By Mohd Fharkhan Abdul Ghapar dan Nor Azeera Adam

KUALA LUMPUR, Aug 15 (Bernama) -- The ability of national institutions to continue functioning professionally and the consistency of policies have become key strengths for Malaysia in maintaining economic resilience and investor confidence, despite the dynamic domestic political environment.

Ringgit To Trade Around RM4.07-4.08 With Upside Bias Next Week, Supported By Stronger 2Q GDP

By Harizah Hanim Mohamed

KUALA LUMPUR, Aug 15 (Bernama) -- The ringgit is expected to trade around RM4.07 to RM4.08 with an upside bias next week, on sentiment brought about by Malaysia’s gross domestic product (GDP) announcement on Friday.

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.

Gold Futures End Lower For Two Consecutive Days

By Harizah Hanim Mohamed

KUALA LUMPUR, Aug 14 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower for the second consecutive day as investors digested United States economic data.

Pos Malaysia Trims 2Q Net Loss To RM43.46 Mln

KUALA LUMPUR, Aug 14 (Bernama) -- Pos Malaysia Bhd trimmed its net loss to RM43.46 million in the second quarter ended June 30, 2026 (2Q FY2026), compared with RM45.41 million in the same quarter a year ago.

Kerjaya Prospek Buys Additional 19.18 Pct Stake In ES Sunlogy For RM40.18 Mln

KUALA LUMPUR, Aug 14 (Bernama) -- Kerjaya Prospek Group Bhd has acquired an additional 19.18 per cent stake in ACE Market-listed ES Sunlogy Bhd for RM40.18 million cash, strengthening its position in the mechanical and electrical engineering and renewable energy sectors.

Ringgit Firmer Against US Dollar On Stronger-than-expected GDP Growth

By Harizah Hanim Mohamed

KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit firmed against the US dollar on Friday as Malaysia’s stronger-than-expected Gross Domestic Product growth for the second quarter of the year (2Q 2026) supported the local currency.

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.

Indonesia Proposes RP4.09 Quadrillion Spending For 2027; Targets 6.0 Pct Growth

JAKARTA, Aug 14 (Bernama) -- Indonesia has proposed a state expenditure of Rp4.09 quadrillion (Rp1 million= RM228.40) for 2027 to support eight national priority programmes, as the government targets to achieve a stronger economic growth of six per cent next year.

Penang Records RM350 Bln In E&E Exports In 1h 2026, Needs More Skilled Talent

GEORGE TOWN, Aug 14 (Bernama) -- Penang recorded more than RM350 billion in electrical and electronics (E&E) exports in the first half of 2026 (1H 2026), an increase of more than 80 per cent compared with the same period last year.