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Bursa Malaysia Opens Lower On Profit-taking Amid Geopolitical Uncertainties

KUALA LUMPUR, Aug 19 (Bernama) --  Bursa Malaysia opened lower on Wednesday, weighed down by profit-taking following the previous session’s gains, amid ongoing geopolitical uncertainties.

Tabung Haji: Depositor Trust Comes First, Dividends Are Not Everything

By Norsyafawati Ab Wahab

KUALA LUMPUR, Aug 19 (Bernama) -- As depositors, Muslims should reaffirm their understanding of the fundamental principle behind the establishment of Lembaga Tabung Haji (TH), which was created to help Muslims manage their savings for the purpose of performing the Hajj, rather than treating dividend announcements as the primary measure of the institution’s performance.

Commodity, Plantation Stocks Lift Bursa Malaysia To End Higher

KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said.

Bursa Malaysia Stays Higher At Midday

KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia remained positive at midday, supported by buying interest in selected heavyweights, particularly in the plantation, industrial products and services, as well as financial services sectors.

Malaysia Eyes US$10 Bln Bilateral Trade With Philippines -- Mohamad Hasan

MANILA, Aug 18 (Bernama) -- Malaysia welcomes the positive momentum in its economic relations with the Philippines and hopes that bilateral trade can reach US$10 billion within the next two years, said Foreign Minister Datuk Seri Mohamad Hasan.

Global Logistics Forum 2026 To Be Held In Riyadh From Nov 29 

KUALA LUMPUR, Aug 18 (Bernama) -- The Global Logistics Forum 2026 will be held in Riyadh from Nov 29 to Dec 1, under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and hosted by the Ministry of Transport and Logistics Services.

Chances Of Tabung Haji Recovering Full Al-Rawda Arbitration Award Balance Low - Expert

KUALA LUMPUR, Aug 18 (Bernama) -- The chances of Lembaga Tabung Haji (TH) recovering the entire outstanding 899 million Saudi riyal (1 Saudi riyal=RM1.09) arbitration award from Al-Rawda Real Estates Development & Project Management Co Ltd are slim, said an expert.

Bursa Malaysia Ends Lower Amid Geopolitical, Global Growth Concerns

KUALA LUMPUR, Aug 17 (Bernama) -- Bursa Malaysia ended lower on Monday as investor sentiment weakened amid renewed concerns over geopolitical tensions and global economic growth, an analyst said.

AM Best Withdraws Zhibao Re Credit Ratings Amid Investor Transition

KUALA LUMPUR, Aug 17 (Bernama) -- Global credit rating agency, AM Best has withdrawn the credit ratings of Malaysia’s Zhibao Labuan Reinsurance Company Limited (Zhibao Re), as the company has chosen not to participate in AM Best’s interactive rating process for the time being, in light of an investor transition.

IDFC FIRST Bank Receives Inaugural Investment-Grade Ratings From S&P

KUALA LUMPUR, Aug 17 (Bernama) -- IDFC FIRST Bank, one of India's fast-growing private banks, has received its inaugural international investment-grade issuer credit ratings from S&P Global Ratings, with a ‘BBB-’ long-term rating and ‘A-3’ short-term rating, both with a stable outlook.

Ringgit Opens Higher Versus Greenback On Upbeat GDP Data

By Nurunnasihah Ahmad Rashid & Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, Aug 17 (Bernama) -- The ringgit opened higher against the US dollar, tracking Malaysia’s stronger-than-expected second quarter 2026 (2Q 2026) Gross Domestic Product (GDP) growth of 6.0 per cent, said an economist.

Digital Ministry Studying Incentives To Promote AI Use In 2027 Budget - Gobind

PETALING JAYA, Aug 15 (Bernama) -- The government will focus on efforts to expand the use of artificial intelligence (AI) technology, including exploring systems that can promote the wider use of AI tools, when tabling the 2027 Budget this October.