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Bursa Malaysia Snaps 3-Day Losing Streak To End Higher

By Engku Shariful Azni Engku Ab Latif & Harizah Hanim Mohamed

KUALA LUMPUR, July 23 (Bernama) -- Bursa Malaysia snapped a three-day pullback to close 0.18 per cent higher on Thursday, as surge in global oil prices supported Malaysia’s energy-related companies, while utilities attracted investors seeking defensive earnings amid persistent global uncertainties.

KIP REIT Posts Higher FY2026 Net Profit Of RM145.30 Mln, Revenue At RM177.10 Mln

KUALA LUMPUR, July 23 (Bernama) -- KIP Real Estate Investment Trust's (KIP REIT) net profit rose to RM145.30 million in the financial year ended June 30, 2026 (FY2026) compared with RM115.14 million registered in the preceding year.

Pavilion REIT Records Higher Net Profit Of RM89.03 Mln In 2Q FY2026

KUALA LUMPUR, July 23 (Bernama) -- Pavilion Real Estate Investment Trust (REIT) has recorded a higher net profit for the second quarter ended June 30, 2026 (2Q FY2026) of RM89.03 million against RM78.66 million in the same quarter last year.

Zecon Unit Wins RM328 Mln EPCC Contract For Sarawak Solar Project​​​​​​​

KUALA LUMPUR, July 23 (Bernama) -- Zecon Bhd's (Zecon) wholly-owned subsidiary, Zecon Renewables Sdn Bhd has been awarded a RM328 million engineering, procurement, construction and commissioning (EPCC) contract from fellow subsidiary Zecon Renewables (Sarawak) Sdn Bhd.

Assessment Of Strategic Stockpile Needs Key To Extending National Petroleum Supply Resilience

KUALA LUMPUR, July 23 (Bernama) -- Measures to diversify supply sources and assess strategic stockpiling needs are crucial for extending the resilience of the country's petroleum supply beyond the current operational period, according to the Ministry of Economy.

Mavenir’s Cloud-Native IMS And Voice Services Rated Very Strong By GlobalData

KUALA LUMPUR, July 23 (Bernama) -- Software company Mavenir announced that its MAVcore Cloud-Native IMS and Voice Services received a Very Strong rating in GlobalData’s 2026 IMS and Voice Core: Competitive Landscape Assessment.

CGC Digital, Credit Bureau Malaysia Sign MoU To Help MSMEs Improve Their Credit Standing

KUALA LUMPUR, July 23 (Bernama) -- CGC Digital and Credit Bureau Malaysia (CBM) have signed a memorandum of understanding (MoU) to help more Malaysian micro, small and medium enterprises (MSMEs) better understand their credit standing and improve their position to access financing.

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.

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.

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.