TH Posts Almost RM13 Bln In Losses From 14 Investments, Seven of Which 100 Pct Losses - Amir Hamzah

By Nurunnasihah Ahmad Rashid and Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 11 (Bernama) -- Lembaga Tabung Haji (TH) incurred losses of nearly RM13 billion through 14 problematic investments, seven of which suffered losses of 100 per cent, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Gold Futures End Higher On Continued PBOC Buying

By K. Naveen Prabu

KUALA LUMPUR, Aug 11 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher on Tuesday, supported by continued buying by the People's Bank of China (PBOC). 

Bursa Malaysia Ends Lower On Higher Oil Prices, Geopolitical Concerns

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 11 (Bernama) -- Bursa Malaysia ended lower on Tuesday, as renewed gains in crude oil prices and persistent geopolitical concerns weighed on investor sentiment.

TH Needs To Reduce Reliance On UJSB Sukuk Income – Bentong MP

KUALA LUMPUR, Aug 11 (Bernama) -- The government has been asked to detail steps to reduce  Lembaga Tabung Haji's (TH) reliance on income from Urusharta Jamaah Sdn Bhd's (UJSB) sukuk, which, according to the Royal Commission of Inquiry (RCI) Report, contributes nearly 26 per cent of the institution's annual income.

Bursa Malaysia Stays Lower At Midday

KUALA LUMPUR, Aug 11 (Bernama) -- Bursa Malaysia remained lower at midday, weighed down by declines in the financial services, utilities, and plantation counters.

​​​​​​​BNM Issued 5 Warnings On TH's Financial Standing - Zulkifli

KUALA LUMPUR, Aug 11 (Bernama) -- Bank Negara Malaysia (BNM) had issued five warning letters to the Tabung Haji (TH) chairman and the Minister of Religious Affairs regarding the gap between TH's assets and liabilities.

Businesses, Public Play Vital Role In Strengthening Malaysia’s Energy Security Amid Geopolitical Tensions

By Harizah Hanim Mohamed

KUALA LUMPUR, Aug 11 (Bernama) -- Businesses and the public have a vital role in supporting   Malaysia’s energy security, which has become increasingly important, as global geopolitical tensions continue to disrupt the energy landscape.

Govt Faced RM74.5 Bln Liability Risk If ‘Bank Run’ Occurred In 2018

KUALA LUMPUR, Aug 11 (Bernama) -- The government risked assuming liabilities of about RM74.5 billion if a massive panic withdrawal, or “bank run”, had occurred in 2018, said Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan.

Bursa Malaysia Opens Higher On Bargain Hunting

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 11 (Bernama) -- Bursa Malaysia opened higher on bargain hunting after a recent slip, despite the cue from negative Wall Street.

Bursa Malaysia Ends Marginally Lower as Investors Stay On Sidelines

By Engku Shariful Azni Engku Ab Latif & Abdul Hamid A Rahman

KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said.

Bursa Malaysia Stays Lower At Midday Amid Profit-Taking

KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia remained lower at midday, amid profit-taking in plantation, utilities and industrial product sectors.

Ringgit Expected To Stabilise By End-August – Kenanga IB

KUALA LUMPUR, Aug 10 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects the ringgit to stabilise by end-August as the US dollar gives back some of its earlier gains following the US Federal Reserve’s (Fed) decision to keep interest rates unchanged at its July meeting.