RCI: RM88 Bln Govt Guarantee Activated Only When TH Recovery Plan Falls Short

KUALA LUMPUR, July 30 (Bernama) -- The government’s guarantee to depositors of Lembaga Tabung Haji (TH), currently worth RM88 billion, will be activated should TH fail to implement the LTH Recovery and Restructuring Plan 2018, according to the Tabung Haji Royal Commission of Inquiry (RCI). 

KLIA Poised To Support F1's Return To Malaysia -- MAHB

By Kisho Kumari Sucedaram

KUALA LUMPUR, July 30 (Bernama) -- The Kuala Lumpur International Airport (KLIA) is well-positioned to accommodate the expected influx of Formula 1 (F1) teams, officials and spectators with the return of the championship to Malaysia in October, said Malaysia Airports Holdings Bhd (MAHB).

Malaysia’s F1 Return Could Fuel Over RM1 Billion Economic Activity

KUALA LUMPUR, July 30 (Bernama) -- Malaysia's hosting of the Formula 1 Gulf Air Bahrain Grand Prix 2026 (Bahrain GP) could serve as a major economic catalyst by stimulating multiple sectors through higher expenditure by domestic and international visitors.

RCI: Tabung Haji Should Not Have Declared RM2.75 Bln 2017 Hibah

KUALA LUMPUR, July 30 (Bernama) -- The Royal Commission of Inquiry (RCI) on Lembaga Tabung Haji (TH) said the Islamic pilgrimage fund should not have declared a 4.50 per cent annual profit distribution (hibah) and a 1.75 per cent hajj hibah, totalling RM2.75 billion, for the 2017 financial year.

RCI Recommends Forensic Audit Into 14 Tabung Haji Investments

KUALA LUMPUR, July 29 (Bernama) -- The Royal Commission of Inquiry (RCI) into the management and operations of Lembaga Tabung Haji (TH) has recommended a forensic audit into 14 past investment decisions that resulted in significant asset impairments at the Islamic pilgrimage fund.

Global Air Cargo Demand Up By 8.5 Pct In June 2026

KUALA LUMPUR, July 29 (Bernama) -- Total demand of global air cargo, measured in cargo tonne-kilometres, increased by 8.5 per cent in June 2026, compared to June 2025 levels, according to the International Air Transport Association (IATA). International operations saw a 9.6 per cent increase.

National Trust Fund's Net Assets Expected To Double Within 10 Years - Liew

KUALA LUMPUR, July 29 (Bernama) -- Consistent inflows into the National Trust Fund (KWAN), including accumulated investment returns, are expected to double the fund's net assets in about 10 years, according to Deputy Finance Minister Liew Chin Tong.

Petra Energy Unit To Dispose Of Two Vessels For RM61.31 Mln

KUALA LUMPUR, July 29 (Bernama) -- Petra Energy Bhd's wholly-owned subsidiary Petra Marine Sdn Bhd (PMSB) has inked two memoranda of agreement (MoAs) for the disposal of its vessels for a total of about RM61.31 million.

Air Selangor Prices World’s First Blue Sukuk At RM200 Mln

KUALA LUMPUR, July 29 (Bernama) -- Pengurusan Air Selangor Sdn Bhd has successfully priced the world’s first blue sukuk and Malaysia’s first blue bond/sukuk issuance, with a nominal value of RM200 million.

BNM Plans To Set Up Governance Framework To Keep MediAsas Sustainable And Affordable

KUALA LUMPUR, July 29 (Bernama) – Bank Negara Malaysia (BNM) plans to set up a governance framework to ensure that MediAsas, Malaysia’s base medical and health insurance and takaful (MHIT) product, remains affordable and sustainable over the long term amid rising healthcare costs.

ASEAN Needs Massive Capital, Stronger Partnerships To Accelerate Energy Transition -- Anwar

PETALING JAYA, July 29 (Bernama) -- ASEAN requires massive, sustained and structured capital to build solar farms, upgrade grids, install battery storage, and upskill workers, as national governments cannot bear this burden alone, said Prime Minister Datuk Seri Anwar Ibrahim.

Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

By Zufazlin Baharuddin

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session.