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Govt Approves 46 Pasir Puteh Projects Worth RM207.2 Mln, Supports ECRL Development

KUALA LUMPUR, July 13 (Bernama) -- The government has approved 46 projects for the Pasir Puteh parliamentary constituency in Kelantan for 2026, with a total allocation ceiling of RM207.2 million. These include developing downstream industrial infrastructure to support activities near the East Coast Rail Link (ECRL) cargo station.

Shipping Recovery To Take Time As Malaysian Ports Prepare For Hormuz Backlog

By Harizah Hanim Mohamed

KUALA LUMPUR, July 13  (Bernama) – Ports, shipping lines and cargo owners are now confronting the formidable task of restoring global supply chains and clearing a backlog of vessels and cargo built up during months of conflict in and around the Strait of Hormuz, a process that industry players say could take weeks or even months.

Bursa Malaysia Remains Higher At Midday On Bargain Hunting

KUALA LUMPUR, July 13 (Bernama) -- Bursa Malaysia maintained its upward momentum at midday, supported by bargain hunting in selected heavyweight stocks after profit-taking weighed on the market in the early morning session.

Bursa Malaysia Opens Higher But Retreats Thereafter

KUALA LUMPUR, July 13 (Bernama) -- Bursa Malaysia opened slightly higher on Monday but retreated thereafter, as investors took profit following the benchmark index’s rally to a two-week high above the 1,690 level last week.

Southeast Asia’s Next Growth Cycle To Be Driven By ‘Fabulous Five’ - Economist

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 12 (Bernama) -- Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be shaped by five economies, namely Malaysia, Indonesia, Thailand, the Philippines and Vietnam.

Sarawak To Establish Sibu Economic Zone With RM1.5 Bln Allocation -- Abang Johari

SIBU, July 11 (Bernama) -- Sarawak will establish the Sibu Economic Zone (SEZ) with an allocation of RM1.5 billion to coordinate Sibu’s economic development in a more comprehensive and integrated manner, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

Bursa Malaysia Closes Higher On Rebound In Financial Stocks

By Danni Haizal Danial Donald

KUALA LUMPUR, July 10 (Bernama) -- Bursa Malaysia closed higher on Friday, supported by a strong rebound in financial services stocks that lifted the overall market sentiment, in line with gains across regional markets.

AM Best Assigns Excellent Ratings To China Ping An Insurance (Hong Kong)

KUALA LUMPUR, July 10 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to China Ping An Insurance (Hong Kong) Company Limited (CPAHK).

Selangor Eyes September Groundbreaking For Carey Island Port, Reviews Potential Operators

By Harizah Hanim Mohamed

BANDUNG, July 10 (Bernama) -- Selangor is ready to break ground on the proposed third port terminal on Carey Island as early as September, subject to the Ministry of Transport's (MOT) approval of the port licence, as the state reviews potential operators for the terminal, Menteri Besar Datuk Seri Amirudin Shari said.

PKFZ Ready To Support Pulau Carey Third Terminal, Bigger Economic Cake Envisioned

By Harizah Hanim Mohamed

PORT KLANG, July 10 (Bernama) -- Port Klang Free Zone (PKFZ) will not lose out from Port Klang’s development of its third terminal on Carey Island as the economic cake is enough with increased cargo movements.

Apex Securities Maintains 2026 Manufacturing Growth Forecast At 4.5 Pct

KUALA LUMPUR, July 10 (Bernama) -- Apex Securities maintained its 2026 manufacturing growth forecast at 4.5 per cent year-on-year, unchanged from last year's forecast, as production growth is expected to moderate when stockpiling activity unwinds and the high base from last year’s strong performance in the second half of 2025 kicks in.

Adjustments To The OPR Will Be Data-Dependent - BNM Governor

By M. Saraswathi & Karina Imran

KUALA LUMPUR, July 10 (Bernama) – At its current level of 2.75 per cent, the overnight policy rate (OPR) remains appropriate and consistent with Malaysia’s growth and inflation trajectory, said Bank Negara Malaysia Governor Datuk Sri Abdul Rasheed Ghaffour.