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Economy

Maybank, SMF Partner To Accelerate Manufacturers' Growth Through JS-SEZ, ASEAN

JOHOR BAHRU, Aug 21 (Bernama) -- Maybank and the Singapore Manufacturing Federation (SMF) signed a memorandum of understanding (MoU) to expand access to the Johor-Singapore Special Economic Zone (JS-SEZ) and support its development as a mutually beneficial proposition for both countries and the broader ASEAN region.

FBG Holdings Seeks To Cease Medicity Collaboration With Penang Development Corp

KUALA LUMPUR, Aug 21 (Bernama) -- FBG Holdings Bhd is seeking to cease its collaboration with Penang Development Corporation (PDC) for the proposed MediCity joint development project in Batu Kawan, Penang.

KPJ Healthcare MD Resigns, Effective Sept 1, 2026

KUALA LUMPUR, Aug 21 (Bernama) -- KPJ Healthcare Bhd president and managing director (MD) Chin Keat Chyuan, 52, has resigned from his positions, effective Sept 1, 2026, to pursue other interests.

Bank Islam Announces Retirement Of Chairman Ismail Bakar

KUALA LUMPUR, Aug 21 (Bernama) -- Bank Islam Malaysia Bhd has announced the retirement of its chairman, Tan Sri Dr Ismail Bakar, effective Aug 22, 2026, after six years on the board.

Khee San Subsidiary’s Six Bank Accounts Frozen Amid AMLA Investigation

KUALA LUMPUR, Aug 21 (Bernama) -- Six bank accounts belonging to Khee San Bhd’s wholly owned subsidiary Khee San Food Industries Sdn Bhd (KSFI), have been frozen following an investigation under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).

Allianz Malaysia Net Profit Rises To RM218.65 Mln In 2Q FY2026

KUALA LUMPUR, Aug 21 (Bernama) -- Allianz Malaysia Bhd's net profit for the second quarter ended June 30, 2026 (2Q FY2026) increased to RM218.65 million versus RM214.04 million in the same quarter last year. 

EV Localisation Policy Should Strengthen Industry, Not Restrict Competition -- Penang CM

BATU KAWAN, Aug 21 (Bernama) – Malaysia’s electric vehicle (EV) localisation policy should strengthen the domestic industry without restricting competition, consumer choice or investor confidence.

Malaysia Airports' July International Passenger Traffic Up 9.3 Pct

KUALA LUMPUR, Aug 21 (Bernama) -- International passenger traffic across Malaysia Airports Holdings Bhd's Malaysian operations rose 9.3 per cent month-on-month (m-o-m) to 4.5 million movements in July 2026, supported by the summer travel season across Europe, the Middle East and parts of Asia.

Mongolian Mining Revenue Rises 69 Pct In 1H2026

KUALA LUMPUR, Aug 21 (Bernama) -- Mongolian Mining Corporation (MMC), the largest producer and exporter of washed coking coal products in Mongolia, reported total revenue of approximately US$586.2 million for the six months ended June 30, 2026 (1H2026), up 69.0 per cent year-on-year from US$346.6 million. (US$1=RM4.04)

Malaysia Targets Arm Collaboration Chips To Enter Production By 2030 - Akmal Nasrullah

PUTRAJAYA, Aug 21 (Bernama) -- Malaysia aims for locally manufactured chips developed in collaboration with Arm Ltd to enter the production stage and be used in the country’s semiconductor supply chain by 2030, said Economy Minister Akmal Nasrullah Mohd Nasir. 

Apex Securities Raises 2026 Malaysia Export Growth Forecast To 26.2 Pct

KUALA LUMPUR, Aug 21 (Bernama) -- Apex Securities Bhd has raised its 2026 export forecast for Malaysia to 26.2 per cent from 16.3 per cent, underpinned by robust export growth in the first seven months of the year.

Additional Building Materials Gazetted Under Fourth Schedule Of CIDB Act 520

KUALA LUMPUR, Aug 21 (Bernama) — The Construction Industry Development Board Malaysia (CIDB) has gazetted nine additional construction material products involving 22 standards under the Fourth Schedule of the Construction Industry Development Board Act 1994 (Act 520).