Reservoir Link Secures Five-Year Appointment As Petronas Panel Contractor

KUALA LUMPUR, July 2 (Bernama) -- Reservoir Link Energy Bhd's 60 per cent-owned subsidiary, Reservoir Link Solutions Sdn Bhd (RLS), has secured a five-year appointment from Petroliam Nasional Bhd (Petronas) as a panel contractor.

Bursa Malaysia Extends Gains At Midday On Buying In Financial, Telecom Stocks

KUALA LUMPUR, July 2 (Bernama) -- Bursa Malaysia continued its upward trend at midday, driven by strong buying interest in major financial and telecommunications stocks.

Malaysia Poised To Gain From AI Chip Upcycle -- Apex Securities

KUALA LUMPUR, July 2 (Bernama) -- Malaysia is well positioned to benefit from the global artificial intelligence (AI)-driven semiconductor upcycle through advanced packaging, AI infrastructure, semiconductor equipment demand and ongoing supply-chain diversification, said Apex Securities Bhd.

IPPFA Maintains Malaysia's 2026 GDP Growth Forecast At 4.6 Pct Despite Global Uncertainty

KUALA LUMPUR, July 2 (Bernama) -- IPP Financial Advisers (IPPFA) has maintained its 2026 Malaysia gross domestic product (GDP) growth forecast at 4.6 per cent despite global uncertainty, supported by resilient domestic demand, private investment and a gradual recovery in external trade.

Malaysia Needs Sovereign Cloud To Safeguard Critical Security And Personal Data -- PM Anwar

KUALA LUMPUR, July 2 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Malaysia needs to set up a sovereign cloud to safeguard critical security and personal data while remaining open to global digital investments as Southeast Asia becomes increasingly dependent on critical digital technologies and infrastructure.

Banks Increasingly Require Firms Seeking Loans To Provide Sustainability Reports -- ESGright

KUALA LUMPUR, July 2 (Bernama) -- It will be hugely advantageous for big companies as well as small and medium enterprises (SMES) to comply with sustainable reporting requirements so that they have access to capital and markets and retain their competitiveness.

Malaysia To Repurpose Retiring Coal Plants Into RE Hubs - DPM Fadillah

KUALA LUMPUR, July 2 (Bernama) -- Malaysia plans to repurpose sites of retiring coal-fired power plants into renewable energy (RE) hubs and battery energy storage facilities under a proposed National Coal Site Repurposing Framework, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

SME Bank Appoints Samad Majid Zain As CEO

KUALA LUMPUR, July 2 (Bernama) -- Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), a subsidiary of Bank Pembangunan Malaysia Bhd (BPMB) group, has appointed Samad Majid Zain as chief executive officer effective July 1, 2026.

Ringgit Opens Slightly Firmer Against Greenback As US Rate Concerns Ease

KUALA LUMPUR, July 2 (Bernama) -- The ringgit opened slightly firmer against the US dollar on Thursday as easing concerns over the United States' monetary policy outlook lifted sentiment following remarks by US Federal Reserve (Fed) officials on interest rates.

Khazanah Backs PAC Recommendations To Strengthen Airport Ecosystem

KUALA LUMPUR, July 1 (Bernama) -- Khazanah Nasional Bhd has welcomed the recommendations of the Public Accounts Committee (PAC) on Malaysia Airports Holdings Bhd (MAHB) and the continued strengthening of Malaysia's airport ecosystem.

HSBC Sees 10 Pct Upside For FBM KLCI By Year-end

By Abdul Hamid A Rahman

KUALA LUMPUR, July 1 (Bernama) -- HSBC Private Bank and Premier Wealth has set a year-end target of 1,850 points for the FTSE Bursa Malaysia KLCI (FBM KLCI), implying about 10 per cent upside from current levels.

Bursa Malaysia Issues UMA Query To Skygate After Share Price Surge

KUALA LUMPUR, July 1 (Bernama) -- Bursa Malaysia has issued an unusual market activity (UMA) query to Skygate Solutions Bhd following a sharp rise in the company's share price.