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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.

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.

Kerjaya Prospek Unit Secures RM52.5 Mln Subcontract In Klang Valley

KUALA LUMPUR, July 23 (Bernama) -- Kerjaya Prospek Group Bhd’s (KPGB) wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured a RM52.5 million subcontract for the execution and completion of civil, structural and basic low-voltage mechanical and electrical (M&E) works.

ITC Infotech Partners Google Cloud To Advance Agentic AI Transformation

KUALA LUMPUR, July 23 (Bernama) -- ITC Infotech, a technology services and solutions provider, has partnered with Google Cloud to accelerate its internal transformation into an agentic-first enterprise and drive AI-powered growth for its global customers.

National Petroleum Reserve Establishment Timely Amid Recurring Geopolitical Tensions - Analysts

By Siti Radziah Hamzah

KUALA LUMPUR, July 23 (Bernama) -- Malaysia’s move to study the establishment of a national petroleum reserve (NPR) is timely as recurring geopolitical tensions around key global shipping routes underscore the need to strengthen the country’s long-term energy resilience, said analysts.

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.

Mongolian Mining Boosts Second Quarter Coal, Gold Output

KUALA LUMPUR, July 23 (Bernama) -- Mongolian Mining Corporation reported stronger operational performance for the second quarter ended June 30, 2026, with washed coking coal production rising 29 per cent year-on-year to 2,814.1 thousand tonnes (kt).

Diesel Subsidy Savings Channelled Back Into Targeted Assistance Programmes - MOF

KUALA LUMPUR, July 23 (Bernama) -- Savings generated from the targeted diesel subsidy mechanism are not being retained solely as a fiscal surplus, but are instead utilised to strengthen targeted assistance programmes, according to the Ministry of Finance (MOF).

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.

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.