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Economy

Yayasan Hijrah Selangor Shortens Microfinancing Approval With DANA PLUS App 

KLANG, July 21 (Bernama) -- Yayasan Hijrah Selangor (Hijrah Selangor) has shortened the approval period for microfinancing of up to RM10,000 to 48 hours from the previous 14 to 21 days.

ECRL Expected To Contribute Up To RM90 Bln To GDP By 2047

By Anis Nabilla Md Wazilah

KUANTAN, July 21 (Bernama) -- The East Coast Rail Link (ECRL) project is projected to generate RM80 to RM90 billion in cumulative value added contribution to the country’s gross domestic product (GDP) by 2047. 

Economy Ministry Drafting Legislative Framework To Curb Rent-Seeking Practices

PUTRAJAYA, July 21 (Bernama) -- The Economy Ministry is detailing a proposed legislative framework to curb rent-seeking practices, including assessing the need to enact new laws or improve existing provisions.

New Smart Manufacturing Scheme To Give SMEs, Mid-tier Firms Greater Access To Capital

KUALA LUMPUR, July 21 (Bernama) -- The Investment, Trade and Industry Ministry (MITI) and the Securities Commission Malaysia (SC) have introduced the Smart Manufacturing scheme to facilitate greater access to capital and support the business growth of small and medium enterprises (SMEs) and mid-tier companies (MTCs) in strategic sectors.

Malaysian Lubricant Producer Hyrax Oil Expands Reach Across Five Southeast Asian Markets

BANGKOK, July 21 (Bernama) -- Hyrax Oil Sdn Bhd, a Malaysian producer of lubricants and transformer insulating oils, signed agreements on Tuesday to expand the reach of its Hyrax Estramol ester transformer fluids into Thailand, Cambodia, Laos, Myanmar and Vietnam.

74 Pct Of Malaysians Use AI For Shopping, But Many Hesitate Over AI-completed Purchases – Adyen

KUALA LUMPUR, July 21 (Bernama) -- About 74 per cent of Malaysians use artificial intelligence (AI) to support their shopping, but 52 per cent remain uncomfortable allowing the technology to complete purchases on their behalf, according to a survey published by financial technology (fintech) platform Adyen. 

PCEB Partners With Six Institutions To Strengthen Business Events Talent

GEORGE TOWN, July 21 (Bernama) – The Penang Convention & Exhibition Bureau (PCEB) today formalised its strategic partnership with six institutions of higher learning to strengthen the talent pipeline for Malaysia’s business events industry.

Tabung Haji In Much Stronger Financial Position Following Recovery Efforts

KUALA LUMPUR, July 21 (Bernama) -- Lembaga Tabung Haji (TH) is in a much stronger financial position now compared with 2018 following continuous recovery and restructuring efforts.

Govt To Develop Fair Formula To Calculate Open Market Value Of Local CKD Vehicles

PETALING JAYA, July 21 (Bernama) -- The government is developing a formula that is fair in calculating the open market value (OMV) or prices of locally assembled completely knocked down (CKD) vehicles in Malaysia.

Agrobank Launches First Shariah-Compliant Financing For Paddy Farmers

KOTA KINABALU, July 21 (Bernama) -- Agrobank has introduced a shariah-compliant financing facility specifically designed to help paddy farmers nationwide finance their paddy cultivation operating costs in a more systematic, sustainable and inclusive manner.

OCBC Malaysia Wins FinanceAsia SME Bank Award For Third Year

KUALA LUMPUR, July 21 (Bernama) -- OCBC Bank (Malaysia) Bhd (OCBC Malaysia) was named Best Bank for small and medium-sized enterprises (SMEs) in the Malaysia international category at the FinanceAsia Awards 2026, marking its third consecutive win.

Dewan Rakyat Passes KWAN 2026, Statistics 2026 Bills To Strengthen Governance, Modernise Legal Framework

KUALA LUMPUR, July 21 (Bernama) -- The Dewan Rakyat sitting, which was adjourned on July 16, 2026, saw the passage of the National Trust Fund (KWAN) Bill 2026 and the Statistics Bill 2026, aimed at strengthening more disciplined withdrawals and clearer governance, as well as establishing a more modern and comprehensive legal framework.