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TH Heeds RCI Recommendations, Distributes Profits Based On Audited Results

KUALA LUMPUR, July 31 (Bernama) -- Lembaga Tabung Haji’s (TH) profit distribution is only announced based on audited financial results, thus strengthening the integrity of the financial reporting process and increasing depositors' confidence in the institution. 

MISC Secures Long-term LNG Carrier Charter Contract From Malaysia LNG

KUALA LUMPUR, July 31 (Bernama) -- MISC Bhd has been awarded a contract from Malaysia LNG Sdn Bhd (MLNG), the operator of Petronas liquefied natural gas (LNG) Complex in Bintulu, Sarawak, for a long-term charter of a newbuild 18,700 cubic metres (cbm) LNG carrier (LNGC).

Malaysia's Headline Inflation Eases To 1.9 Pct In June On Lower Retail Fuel Inflation -- BNM

KUALA LUMPUR, July 31 (Bernama) -- Lower retail fuel inflation, particularly for RON97 and diesel, contributed to Malaysia’s headline inflation easing to 1.9 per cent in June, said Bank Negara Malaysia (BNM).

TH's RM10 Bln Loss Could Have Funded B40 Haj Pilgrims For Over 20 Years

By Nor Baizura Basri

KUALA LUMPUR, July 31 (Bernama) -- The RM10 billion loss incurred by Lembaga Tabung Haji (TH) could have funded haj subsidies for a larger number of muassasah pilgrims -- particularly those from the B40 group -- to perform the pilgrimage over a period of more than 20 years.

ITMAX Secures RM120 Mln Smart Street Lighting Contract From DBKL

KUALA LUMPUR, July 31 (Bernama) -- ITMAX System Bhd has secures a RM120 million contract from Kuala Lumpur City Hall (DBKL) for the supply, installation and maintenance of smart street light systems across Kuala Lumpur.

BNM: Malaysia's International Reserves Assets At US$132.56 Bln As Of End-June

KUALA LUMPUR, July 31 (Bernama) -- Malaysia’s international reserve assets amounted to US$132.56 billion (US$1= RM4.08), while other foreign currency assets stood at US$1.54 billion as of end-June 2026, said Bank Negara Malaysia (BNM).

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.

Gold Futures End Higher Tracking US COMEX

KUALA LUMPUR, July 30 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher amid increased demand for safe-haven assets, tracking the strong performance of gold futures on the US Commodity Exchange (COMEX).

Axis-REIT To Acquire Industrial Complex In Kedah For RM113 Mln

KUALA LUMPUR, July 30 (Bernama) -- Axis-Real Estate Investment Trust (Axis-REIT) is acquiring an industrial complex in Kawasan Industri Padang Meha, Padang Meha, Kedah for RM113 million.

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.

PUNB Alocates RM80 Mln To Support 220 Bumiputera Entrepreneurs

KUALA LUMPUR, July 30 (Bernama) -- Perbadanan Usahawan Nasional Bhd (PUNB) has introduced and enhanced three specialised financing programmes, which are expected to benefit 220 entrepreneurs, with a total allocation of RM80 million to help bumiputera entrepreneurs secure capital faster, strengthen cash flow, and expand their business capacity.