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Resintech Subsidiary Secures RM41 Mln Financing For Hostel, Retail Development

KUALA LUMPUR, Aug 14 (Bernama) -- Resintech Bhd's 55 per cent-owned subsidiary, Johan Panglima (M) Sdn Bhd, has secured Commodity Murabahah term financing facilities totalling RM41 million from Alliance Islamic Bank Bhd to redeem land and part-finance a hostel and retail development in Selangor.

DPS Resources Units Inks MoU With CEIG For Data Centre And Energy Infrastructure Collaboration In Melaka 

KUALA LUMPUR, Aug 14 (Bernama) -- DPS Resources Bhd’s (DPS) wholly-owned subsidiaries, DPS Energy Sdn Bhd (DPSE) and Shantawood Sdn Bhd (SSB), have entered into a memorandum of understanding (MoU) with CEIG (M) Sdn Bhd (CEIG) to explore potential collaboration in data centres and related infrastructure in Melaka.

KLCI Futures End Lower

KUALA LUMPUR, Aug 14 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives closed lower on Friday.

Ringgit Firmer Against US Dollar On Stronger-than-expected GDP Growth

By Harizah Hanim Mohamed

KUALA LUMPUR, Aug 14 (Bernama) -- The ringgit firmed against the US dollar on Friday as Malaysia’s stronger-than-expected Gross Domestic Product growth for the second quarter of the year (2Q 2026) supported the local currency.

PKNS, Hextar To Develop RM3.8 Billion Township In Siera Alam

SHAH ALAM, Aug 14 (Bernama) -- Hextar Global Bhd through its 70 per cent indirectly owned subsidiary Hextar Landmark Sdn Bhd has partnered with Perbadanan Kemajuan Negeri Selangor (PKNS) to develop an integrated mixed-use development with an estimated gross development value (GDV) of RM3.8 billion in Siera Alam, Shah Alam.

Indonesia Proposes RP4.09 Quadrillion Spending For 2027; Targets 6.0 Pct Growth

JAKARTA, Aug 14 (Bernama) -- Indonesia has proposed a state expenditure of Rp4.09 quadrillion (Rp1 million= RM228.40) for 2027 to support eight national priority programmes, as the government targets to achieve a stronger economic growth of six per cent next year.

Economists Upbeat On Malaysia’s 2026 Outlook After 6.0 Pct 2Q GDP Growth

By Danni Haizal Danial Donald

KUALA LUMPUR, Aug 14 (Bernama) -- Economists have raised their growth expectations for Malaysia’s economy in 2026 following the stronger-than-expected gross domestic product (GDP) performance in the second quarter (2Q) of 2026.

Penang Records RM350 Bln In E&E Exports In 1h 2026, Needs More Skilled Talent

GEORGE TOWN, Aug 14 (Bernama) -- Penang recorded more than RM350 billion in electrical and electronics (E&E) exports in the first half of 2026 (1H 2026), an increase of more than 80 per cent compared with the same period last year.

Proactive Measures Help Sustain Malaysia’s GDP Growth Momentum Amid West Asia Conflict – Anwar

KUALA LUMPUR, Aug 14 (Bernama) -- The government’s proactive response to the West Asia crisis, including financing support for affected small and medium enterprises (SMEs) and targeted fuel subsidies, helped sustain household spending and business activity in the country.

Malaysia Shows Strong GDP Growth of 6 Pct In Second Quarter 2026 - PM Anwar

KUALA LUMPUR, Aug 14 (Bernama) -- The country's Gross Domestic Product (GDP) growth rate jumped to six per cent in the second quarter of 2026, exceeding market expectations and thus recording the strongest second-quarter growth performance outside of the pandemic period since 2014.

Economy Maintains Strong Momentum With 6 Pct 2Q Growth -- Akmal Nasrullah

KUALA LUMPUR, Aug 14 (Bernama) -- A six per cent growth in the second quarter (2Q) of 2026 illustrates that Malaysia’s economy continues to have strong momentum despite facing a challenging global environment, says Minister of Economy Akmal Nasrullah Mohd Nasir.

Bursa Malaysia Ends Lower, Selected Sectors Gain After 6 Pct 2Q GDP Growth

KUALA LUMPUR, Aug 14 (Bernama) -- Bursa Malaysia closed lower on Friday, even as utilities, healthcare, and financial services sectors saw increased buying interest following the release of Malaysia’s second-quarter (2Q) gross domestic product (GDP) data.