MRCB's Indirect Unit To Dispose Of 14.83-hectare Land In Cyberjaya For RM419.05 Mln

KUALA LUMPUR, Aug 7 (Bernama) -- Malaysian Resources Corporation Bhd’s indirect wholly owned subsidiary, Subang Sentral Sdn Bhd, is disposing of 14.83 hectares of land in Cyberjaya, Selangor, to Digital Cosmos (S) Pte Ltd’s wholly owned subsidiary, Digital Cosmos Malaysia Sdn Bhd, for RM419.05 million.

Selangor Targets RM14,500 Median Household Income Under RS-2

SHAH ALAM, Aug 7 (Bernama) -- The Selangor government is targeting to raise the state’s median monthly household income to RM14,500 and reduce the unemployment rate to 2.2 per cent under the Second Selangor Plan (RS-2).

Govt To Continue Efforts To Boost Wealth Of Bumiputera Households Via Various Mechanisms

PUTRAJAYA, Aug 7 (Bernama) -- The government will continue to strengthen the wealth of bumiputera households, particularly among the B40 and M40 income groups, through efforts to increase savings and investment opportunities, as well as skill development to raise incomes.

Malaysia-China Currency Swap Arrangement Renewed For Five Years

KUALA LUMPUR, Aug 7 (Bernama) -- Bank Negara Malaysia (BNM) and the People’s Bank of China have renewed their bilateral currency swap arrangement for a five-year term, effective from 2026 to 2031.

Bursa Malaysia Ends Week On Softer Note

By Karina Imran

KUALA LUMPUR, Aug 7 (Bernama) -- Bursa Malaysia finished the week on a softer note, weighed down by profit-taking after the recent rally, in line with cautious sentiment across regional markets, said an analyst. 

Malaysia Needs To Focus On Boosting Financial Ecosystems To Help Local Firms Grow -- Amir Hamzah

PUTRAJAYA, Aug 7 (Bernama) -- Malaysia does not need to create new investment funds but rather focus on strengthening ties between existing financing ecosystems to help local companies grow, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

BNM’s International Reserves Rise To US$132.1 Bln As At July 31

KUALA LUMPUR, Aug 7 (Bernama) -- Bank Negara Malaysia’s (BNM) international reserves rose to US$132.1 billion as at July 31, 2026, from US$131.8 billion as at July 15, 2026.

Labuan Corporation Opens Up Five Strategic Assets For Leasing, Development

LABUAN, Aug 7 (Bernama) -- The 18-hole Labuan International Golf Club (LIGC), which has hosted Professional Golf of Malaysia (PGM) championships co-sanctioned by the Asian Development Tour (ADT), is among five strategic assets being offered by Labuan Corporation for lease and development.

Fortegra Receives Ratings Upgrade From AM Best, KBRA Following Acquisition

KUALA LUMPUR, Aug 7 (Bernama) -- The Fortegra Group Inc (Fortegra), a global speciality insurer and part of DB Insurance Co Ltd, has received ratings upgrades from AM Best and KBRA following its acquisition by the South Korean insurer.

Stronger TH Performance Driven By Reforms From Implementation Of RCI Recommendations - Economist

KUALA LUMPUR, Aug 7  (Bernama) --  The stronger financial performance of Lembaga Tabung Haji (TH) at present is the result of institutional reforms implemented since its restructuring, including the implementation of 75 per cent of the recommendations made by the Royal Commission of Inquiry (RCI), according to an economist.

Bursa Malaysia Opens Lower, Tracking Overnight Losses On Wall Street

KUALA LUMPUR, Aug 7 (Bernama) -- Bursa Malaysia opened lower on Friday, with buying interspersed with selling in selected heavyweights amid overnight losses on Wall Street, following rising crude oil prices, said an analyst. 

Foreign Investors Return To Malaysian Equities With RM300.9 Mln Net Inflows In July

KUALA LUMPUR, Aug 6 (Bernama) -- Foreign investors returned to Malaysian equities in July, recording RM300.9 million in net inflows, with buying concentrated in financial services, transportation and logistics, and utilities.