Bursa Malaysia Opens Higher, Tracking Wall Street Gains

KUALA LUMPUR, July 16 (Bernama) -- Bursa Malaysia rebounded to open higher on Thursday, tracking Wall Street's overnight gains as easing US inflationary pressures lifted global risk sentiment.

Ringgit Rises As Soft US Data Weighs On Greenback

KUALA LUMPUR, July 16 (Bernama) -- The ringgit extended its gains against the US dollar at Thursday's opening, supported by weaker-than-expected US economic data, an analyst said.

MoF: No Plans To Implement A Wealth Tax For Now

KUALA LUMPUR, July 15 (Bernama) -- The government has no plans at present to implement a two per cent wealth tax on wealthy individuals to help finance government expenditure, said the Finance Ministry (MoF).

Govt Refunded RM14.7 Bln Excess Taxes As Of June 30 2026 -- MoF

KUALA LUMPUR, July 15 (Bernama) — The government has refunded RM14.7 billion in excess tax payments involving 3.17 million taxpayer cases as of June 30, 2026, according to the Ministry of Finance (MoF).

Federal Govt's Statutory Debt Remains Under 65 Pct Limit As Of End-march 2026 -- MoF

KUALA LUMPUR, July 15 (Bernama) --The Federal Government's statutory debt stood at 61.9 per cent of gross domestic product (GDP) as of end-March 2026, still below the statutory limit of 65 per cent, according to the Finance Ministry (MoF).

Active BNPL Account Holders Reach 8 Mln In 1Q 2026

KUALA LUMPUR, July 15 (Bernama) — The number of active Buy Now, Pay Later (BNPL) account holders has risen to eight million in the first quarter of 2026, according to the Ministry of Finance (MoF).

Public, Businesses Must Be Prepared For Challenges Arising From Hormuz Closure -- Akmal Nasrullah

KUALA LUMPUR, July 15 (Bernama) -- The government is reminding the public and businesses not to become complacent or underestimate the economic and supply chain impacts following Iran's declaration of the renewed closure of the Strait of Hormuz.

SD Guthrie To Dispose Of Kuala Selangor Land For RM798.31 Mln

KUALA LUMPUR, July 15 (Bernama) -- SD Guthrie Bhd has entered into two conditional sale and purchase agreements (SPAs) to dispose of freehold land in Kuala Selangor for RM798.31 million.

Jati Tinggi Secures RM22.6 Mln Data Centre-Related Contracts In Johor

KUALA LUMPUR, July 15 (Bernama) -- Infrastructure utilities engineering solutions provider Jati Tinggi Group Bhd's (JTGB) wholly owned subsidiary has secured two data centre-related contracts in Johor worth a combined value of RM22.6 million.

Widad Appoints Tengku Shaifuddin As Chairman, Nor Azlan As Group MD

KUALA LUMPUR, July 15 (Bernama) -- Widad Group Bhd has announced the appointment of Datuk Tengku Shaifuddin Tengku Jamaluddin as its new chairman and Nor Azlan Zainal as group managing director effective today. 

CPO Futures Retreat After Two-day Rally On Rising Palm Oil Supply

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, July 15 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly lower on Wednesday amid concerns over rising palm oil production and inventories in Malaysia.

Gamuda JV Signs 40-Year Bulk Water Supply Agreement With PBAPP

KUALA LUMPUR, July 15 (Bernama) -- Construction company Gamuda Bhd’s joint venture has entered into a bulk water supply agreement with Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) to supply treated water to Penang from Perak under the Northern Perak Water Supply Scheme (NPWSS).