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Riyadh Air Sees Strong Demand For Kuala Lumpur Route, Eyes Daily Flights

SEPANG, July 31 (Bernama) -- Riyadh Air has identified Kuala Lumpur as its first Southeast Asian destination on the back of strong travel demand between Malaysia and Saudi Arabia, with plans to increase its current three-times-weekly service to daily flights, its chief commercial officer Vincent Coste said.

PAAB Raises RM720 Mln Blue Sukuk For Water Infrastructure

KUALA LUMPUR, July 31 (Bernama) -- Pengurusan Aset Air Bhd (PAAB) has completed the issuance of RM720 million of blue sukuk through Pengurusan Air SPV Bhd under its existing RM2 billion Islamic Commercial Papers Programme.

Bursa Malaysia Stays Positive At Midday, In Line With Most Regional Markets

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia stayed higher at midday, supported by buying activities, in tandem with the stronger performance across most regional markets.

Bursa Malaysia Opens Mixed Amid Wall Street Gains, Geopolitical Concerns

KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia opened mixed on Friday as gains on Wall Street, driven by robust US corporate earnings and a rally in chip stocks, were tempered by lingering geopolitical concerns.

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.

PETRA Monitors New Interconnection Projects, Including Sarawak-Peninsular Malaysia

KUALA LUMPUR, July 30 (Bernama) -- The Ministry of Energy Transition and Water Transformation (PETRA) is monitoring the implementation of several new interconnection projects, including the Sarawak-Peninsular Malaysia interconnection project with a capacity of up to 1,000MW.

Bursa Malaysia To Unveil 2027-2030 Strategic Roadmap In Fourth Quarter

KUALA LUMPUR, July 30 (Bernama) — Bursa Malaysia Bhd is set to unveil its strategic roadmap for 2027-2030 in the fourth quarter of this year (4Q 2026), outlining initiatives to accelerate market growth, diversify revenue streams and strengthen the exchange’s long-term competitiveness.

LEAP Market-Listed MMIS Eyes Transfer To ACE Market 

KUALA LUMPUR, July 30 (Bernama) -- MMIS Bhd plans to transfer its listing from the LEAP Market to the ACE Market of Bursa Malaysia in an exercise that will entail a cash exit offer from five shareholders (joint offerors).

Bursa Malaysia Mulling Incentives To Boost MyValue Up Programme Participation

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia is considering incentives to encourage greater participation in its MyValue Up programme as part of efforts to strengthen long-term value creation among listed companies.

Bursa Malaysia's Key Index Ends At Intraday High

By Zufazlin Baharuddin

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's decision to stand pat on interest rates weighed on broader sentiment.

Bursa Malaysia Slightly Lower At Midday Amid Geopolitical Tensions, Fed Rate Hold

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia stayed lower at midday as renewed geopolitical tensions and the United States Federal Reserve's decision to stay pat on interest rates continued to dampen sentiment.