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Economy

TH Says Nearly RM10 Bln In Asset Sales Aided Recovery, RM2.6 Bln Lossses Later Addressed

KUALA LUMPUR, July 31 (Bernama) -- The Lembaga Tabung Haji (TH) Recovery and Restructuring Plan has successfully addressed RM12.6 billion in investment losses, with RM10 billion resolved under the 2018 recovery plan and the remaining RM2.6 billion recognised progressively through the end of 2025.

2018 Tabung Haji Bailout Averted Massive Deposit Withdrawal, Financial Market Crisis

KUALA LUMPUR, July 31 (Bernama) -- Lembaga Tabung Haji (TH) has described the recovery and restructuring plan implemented in 2018 as a necessary financial bailout to prevent the institution from becoming insolvent, saying that TH would have otherwise faced the risk of a massive deposit withdrawal that could trigger a financial market crisis and undermine the country's economic stability.

Bursa Malaysia To Unveil 2027-2030 Strategic Roadmap In Fourth Quarter

KUALA LUMPUR, July 30 (Bernama) — Bursa Malaysia Bhd is set to unveil its strategic roadmap for 2027-2030 in the fourth quarter of this year (4Q 2026), outlining initiatives to accelerate market growth, diversify revenue streams and strengthen the exchange’s long-term competitiveness.

Global Air Passenger Demand Falls 1.7 Pct In June 2026 -- IATA

KUALA LUMPUR, July 30 (Bernama) -- Global air passenger demand, measured in revenue passenger kilometres (RPK), fell 1.7 per cent year-on-year (y-o-y) in June 2026, largely due to declines in domestic markets in China, the United States and Japan, according to the International Air Transport Association (IATA).

Malaysia Benefits From Global Supply Chain Shift, Needs Stronger Value-Added Exports

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, July 30 (Bernama) -- Malaysia's record trade performance in 2025 reflects its position as a strategic trade and manufacturing hub amid global supply chain realignment, although the country needs to strengthen domestic value-added exports to sustain long-term competitiveness, said AmBank Group chief economist Firdaos Rosli.

Parliament To Hold Special Sitting On TH RCI Report Aug 11 -- Anwar

KUALA LUMPUR, July 30 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said a special parliamentary sitting to debate the findings of the Royal Commission of Inquiry (RCI) report on Lembaga Tabung Haji (TH) will be held on Aug 11.

Bursa Malaysia Sees One Or Two Large IPOs In 2H After Raising Market Cap Target

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia Bhd expects one or two large initial public offerings (IPOs) in the second half of 2026 (2H 2026) after raising its full-year IPO market capitalisation target to RM34 billion, supported by a strong listing pipeline.

MICCI Calls On Members To Intensify Investment In Talent And Innovation To Remain Competitive

GEORGE TOWN, July 30 (Bernama) -- The Malaysian International Chamber of Commerce and Industry (MICCI) has called on its members to invest more in talent development and innovation to ensure their businesses remain competitive as artificial intelligence (AI), automation and digitalisation continue to transform industries and reshape the future of work.

Anwar Says Tabung Haji Back On Strong Footing

KUALA LUMPUR, July 30 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Lembaga Tabung Haji (TH) had been successfully restored after problems arising from past negligence and mismanagement were detected early.

Kioxia Unveils CM10 Series SSDs For AI Workloads

KUALA LUMPUR, July 30 (Bernama) -- Kioxia Corporation has announced the KIOXIA CM10 Series of solid-state drives (SSDs), featuring its latest BiCS FLASH generation 10 TLC flash memory for enterprise and artificial intelligence (AI) workloads.

Foreign Investors' Confidence Also Drives Domestic Investment Growth - Sim

KUALA LUMPUR, July 30 (Bernama) -- Malaysia has remained a preferred destination for foreign companies due to its strategic position and neutrality in the global geopolitical landscape as well as access to a wide range of markets, contributing to RM1.14 trillion in approved investments over the three years under the MADANI Government.

K-Test's US$50 Mln Investment To Strengthen Perak's Semiconductor Ecosystem

BATU GAJAH, July 30 (Bernama) -- South Korean semiconductor testing specialist, K-Test Co Ltd's US$50 million (US$1=RM4.08) investment is expected to strengthen Perak's electrical and electronics (E&E) ecosystem while catalysing the growth of the state's high-tech manufacturing sector.